Latest News
London close: Stocks finish weaker as Brexit deadline looms
London stocks closed weaker on Friday as the pound lost further ground, with the Brexit trade deadline looming.
Broker tips: Smart Metering Systems, Volution Group
Analysts at Liberum upgraded Smart Metering Systems to 'buy' and raised their target price on the stock from 620. 0p to 800. 0p on Friday following the group's unscheduled trading update a day earlier.
Director dealings: Lok'n Store director ups stake
Lok'n Store Group revealed on Friday that senior non-executive director Edward Luker had acquired 6,200 orders shares in the AIM-listed self-storage firm.
Falanx reassures over SolarWinds cyberattack
Cybersecurity company Falanx Group updated the market on the supply chain attack on the ‘SolarWinds Orion’ platform software on Friday, noting that it did not use the product as part of its Triarii technology stack.
Touchstone subsidiary strikes sales deal with Trinidad National Gas Company
Touchstone Exploration announced on Friday that its indirect wholly-owned subsidiary Primera Oil and Gas has executed a long-term natural gas sales agreement with the National Gas Company of Trinidad and Tobago (NGC) for all future natural gas production from the Ortoire block.
FTSE 100 movers: Hikma rallies; Lloyds loses ground
London’s FTSE 100 was flat at 6,548. 74 in afternoon trade on Friday.
Trident enters deal to buy portfolio of three royalties
Trident Royalties announced on Friday that its wholly-owned subsidiary TRR Services UK has entered into a binding, conditional agreement with Bellatrix - a wholly-owned subsidiary of Orion Resource Partners - to acquire a portfolio of three existing royalties over the Pukaqaqa Copper Project.
Next in talks with US investment firm about Arcadia bid - report
Clothing retailer Next is reportedly in talks with a well-known American investment firm about a joint bid to gain control of Philip Green's Arcadia Group, which owns Topshop, Burton and Miss Selfridge.
Brexit talks at 'moment of truth', Barnier warns
Michel Barnier has warned that trade talks with the UK are at a "moment of truth" with only hours left to secure a deal to prevent potential chaos in the new year.
JPMorgan lifts likelihood of Brexit deal to 70%
The likelihood of a Brexit deal getting done this week has moved up to 70/30 from 60/40, JPMorgan said in a note on Friday.
Lloyds Bank scraps all bonuses as crisis hits profit
Lloyds Banking Group has scrapped all staff bonuses for 2020 because of a drop in profit caused by the coronavirus pandemic, the Financial Times reported.
DP Poland agrees to buy restaurant group Dominium
DP Poland has entered into a conditional share purchase agreement to acquire Polish pizza restaurant group Dominium, it announced on Friday.
Berenberg raises target price on Volution following ClimaRad acquisition
Analyst at Berenberg raised their target price on ventilation products supplier Volution Group from 315. 0p to 345. 0p on Friday, stating the company's "strategically attractive" acquisition of ClimaRad.
Europe midday: Shares make gains despite Brexit talks pessimism
European shares inched higher on Friday despite nervousness about the pessimistic tone being struck by both sides in the Brexit negotiations.
US pre-open: Futures flat as market participants continue to await stimulus update
Wall Street futures were pointing to a muted open ahead of the bell on Friday after major indices closed at record highs in the previous session.
Alibaba 'dismayed' by its ethnicity profiling algorithm
Alibaba said it was “dismayed” after learning that Alibaba Cloud had developed facial recognition technology to identify ethnicity and thus profile “Uyghur” muslims.
London midday: Stocks eke out gains as sterling dips
London stocks were still just a touch firmer by midday on Friday while the pound lost ground, as the Brexit trade deadline loomed.
Hurricane outlines work options for Lancaster field
Hurricane Energy updated the market on its operations on Friday, reporting that since its update in early October, the Lancaster field had continued to produce from the 205/21a-6 well alone, except for a short period of testing the 205/21a-7z well to assist in the refinement of the Lancaster reservoir simulation model.
UK factory orders improve as Brexit looms - CBI
UK manufacturers’ order books improved at their strongest rate since the start of the Covid-19 crisis in December as the clock ticked down to post-Brexit trading, a Confederation of British Industry survey showed.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.