Market Report
Europe close: Stocks fall back as rate hike bets in US shift higher
European shares fell back on Friday as a profits warning by sportswear giant Adidas offset better-than-expected economic data from China and the UK.
London close: Stocks end week on a down note with US CPI ahead
London stocks were still in the red on Friday as investors failed to find any comfort in news the UK narrowly avoided following into recession last year.
Broker tips: Abrdn, GSK
HSBC downgraded Abrdn to 'reduce' from 'hold' on Friday as it took a look at UK wealth managers.
Director dealings: Gulf Marine Services director makes share purchase
Gulf Marine Services revealed on Friday that non-executive director Charbel El Khoury had acquired 500,000 ordinary shares in the London-listed boat operator.
Bonhill to sell UK, Asia businesses to MA Financial Media for £6.5m
Bonhill said on Friday that it has agreed to sell its UK and Asia businesses to MA Financial Media, a member of the Mark Allen Group, for £6. 5m in cash.
FTSE 250 movers: ASOS out of fashion; Oil producers up on Russia threat
FTSE 250: 19,974. 40, -1. 49% at 1500 GMT.
FTSE 100 movers: BP, Shell rally as oil prices jump; Abrdn hit by downgrade
London’s FTSE 100 was down 0. 6% at 7,863. 65 in afternoon trade on Friday.
US open: Stocks lower as volatile week draws to a close
Wall Street futures were in the red early on Friday as an up and down week for stocks gets set to draw to a close.
Rail union to recommend pay offer - report
Britain is reportedly nearing a breakthrough with a major rail union in an attempt to end persistent train strikes that started last summer.
Barclays in row over Tech Nation staff
Banking giant Barclays has come head-to-head with Tech Nation over whether or not it should be forced to absorb dozens of staff under regulations designed to protect workers when their employer is taken over.
Europe midday: Shares extend losses as Adidas issues profit warning
European shares extended losses on Friday as a profits warning by sportswear giant Adidas offset better-than-expected economic data from China and the UK.
US pre-open: Major indices look set to extend losses another session
Wall Street futures were in the red ahead of the bell on Friday as a rollercoaster week gets set to draw to a close.
Russia to cut oil output by 500,000 barrels a day
Russia said on Friday that it will oil production by 500,000 barrels a day next month in retaliation against Western sanctions over the war in Ukraine.
London midday: Stocks stay down but BP, Shell rally
London stocks were still in the red by midday on Friday as investors failed to find any comfort in news the UK narrowly avoided following into recession last year.
HSBC downgrades Abrdn, cautious on near-term prospects for wealth managers
HSBC downgraded Abrdn on Friday to ‘reduce’ from ‘hold’ as it took a look at UK wealth managers.
Berenberg raises target price on GSK
Analysts at Berenberg raised their target price on drugmaker GSK from £15. 80 each to £17. 30 on Friday, citing "steady progress".
Europe open: Shares lower despite UK avoiding recession
European shares were well and truly all red on Friday morning, taking their cue from weaker sessions in the US and Asia-Pacific, despite better-than-expected inflation and GDP data from China and the UK respectively.
UK narrowly avoids technical recession
The UK has narrowly avoided recession, official data showed on Friday, after the economy stagnated in the last quarter of 2022.
First Abu Dhabi not evaluating offer for Standard Chartered
First Abu Dhabi Bank reiterated on Friday that it was not evaluating a possible offer for Standard Chartered.
Saga in talks with Australia's Open Insurance over sale of underwriting arm
Saga confirmed on Friday that it is in exclusive discussions with Open Insurance Technologies over the potential sale of its underwriting business, Acromas Insurance Company limited (AICL).