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FTSE 250 movers: Construction issues pace gains
Construction and real estate related issues pace gains on the second-tier index at the end of the week, with the likes of Travis Perkins, Grafton Group, Countryside Properties or Ibstock all moving higher.

US open: Dow Jones unchanged at the bell
Wall Street trading began on a slightly mixed note on Friday as oil prices continued to recover from the week's historic sell-off.

Europe close: Stocks slip as investors digest news out of EU leaders summit
Stocks across the Continent fell at the end of the week, weighed down by what appeared to be bad news for a drug that many had hoped might prove to be more effective against the Covid-19 virus.

Week ahead: Central banks, Apple in focus
Investors' attention over the coming week will be on the world's two main central banks, the US Federal Reserve and the European Central Bank.

London close: Stocks close lower after dire retail sales data
London stocks finished in the red on Friday, sliding back towards its earlier lows in afternoon trading, after a potential treatment for Covid-19 failed in its first trial and as investors digested dire UK retail sales data.

Broker tips: Beazley, GVC, Next, M&S
Beazley could have a once-in-a-generation opportunity to insure cyber risk as companies seek to insulate themselves from damaging attacks, Jefferies said as it upgraded the company to 'buy'.

US consumer confidence edges higher at the end of April, survey shows
The University of Michigan's consumer sentiment index edged up at the end of April to a reading of 71. 8 after a preliminary print published roughly two weeks before of 71. 0.

JD Sports pulls final dividend due to Covid-19
JD Sports said on Friday that it was pulling its final dividend to preserve cash and that its chairman has taken a 75% pay cut amid the coronavirus pandemic.

Director dealings: Smart Metering Systems CEO ups stake
Smart Metering Systems revealed on Friday that chief executive Alan Foy had acquired 83,333 ordinary shares in the AIM-listed energy services firm.

Berenberg ups target price on GVC
Analysts at Berenberg raised their target price on bookmaker GVC Holdings from 850. 0p to 900. 0p on Friday, stating the group was "well positioned" to emerge from the Covid-19 pandemic as "a winner".

Randall & Quilter enters loss portfolio transfer deal with Repwest
Randall & Quilter has entered into a loss portfolio transfer reinsurance contract and a transfer agreement with Repwest Insurance Company, it announced on Friday.

Urban Exposure suggests Wellesley proposal lacks credibility
Urban Exposure updated the market on the potential sale of its loan book on Friday, having received a number of enquiries.

World leaders to launch global initiative on Covid-19 vaccine
World leaders including French President Emmanuel Macron and German Chancellor Angela Merkel will help launch a global initiative on Friday to accelerate work on drugs, tests and vaccines against Covid-19, said the World Health Organization.

FTSE 100 movers: Meggitt hit by downgrade; Taylor Wimpey rallies
London’s FTSE 100 was down 1% at 5,771. 50 in afternoon trade on Friday.

Europe midday: Stocks edge lower amid mixed news flow
Stocks on the Continent were drifting lower at the end of the week, weighed down by what appeared to be bad news for a drug that many had hoped might prove to be more effective against the Covid-19 virus.

Pearson to pay dividend as board takes pay cuts
Pearson said it would pay its final dividend as the education publisher reported trading in line with reduced expectations and pay cuts for its board.

HSBC's Tucker says sorry for scrapped dividend
HSBC Chairman Mark Tucker apologised for the bank's cancelled dividend at an annual general meeting held behind closed doors because of the Covid-19 crisis.

US durable goods orders plummet amid lower demand for jets and autoomobiles
Orders in the US for goods made to last more than three years crashed lower last month amid huge drops in those for civilian aircraft and those for automobiles and parts.
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