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07 May
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London close: Stocks firmer after massive US payrolls miss

London stocks closed well into positive territory on Friday, with the top-flight index hitting new post-pandemic highs, as investors sifted through a US payrolls report that missed expectations by a country mile.

07 May
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Snowball Finance plans $300m US IPO

Online financial information portal, Snowball Finance Beijing Internet Information Technology is planning an initial public offering in the US which could raise around $300m.

07 May
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Europe close: Stocks at record highs despite weak US jobs data

European shares continued pushing higher on Friday, boosted by strong US markets, an upbeat outlook from sportswear maker Adidas and reports that UK aerospace engineer Meggitt could be a takeover target.

07 May
Weekly review

The FTSE 100 ended the week 159. 9 points higher, closing at 7,129. 71 on Friday.

07 May
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Domestic & General chair to temporarily run business

Warranty insurer Domestic & General announced on Friday that David Tyler would become its executive chairman for an interim period with immediate effect, until the recruitment process for a permanent chief executive officer was concluded.

07 May
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FTSE 250 movers: Deal news boosts St Modwen; John Laing drops

London’s FTSE 250 was up 1. 2% at 22,755. 37 in afternoon trade on Friday.

07 May
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Gandhi warns of Indian second wave that threatens to spread worldwide

India's main opposition leader Rahul Gandhi warned on Friday that the second Covid-19 wave that is fiercely hitting the country needs to be brought under control or it could even threaten the rest of the world.

07 May
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Week ahead: Global inflation, BoE's Bailey in the spotlight

Financial markets' focus over the coming week will be on inflation readings due out across the world's largest economies, including China, euro area and US.

07 May
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Broker tips: RSA Insurance, Hill and Smith, Barratt Developments

Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.

07 May
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FTSE 100 movers: Miners rally; Rolls-Royce gains on Meggitt news

London’s FTSE 100 was up 0. 7% at 7,121. 96 in afternoon trade on Friday.

07 May
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Directors dealings: Spouse of AFC Energy chairman buys in

The spouse of AFC Energy's chairman, Gary Bullard, picked up some shares in the hydrogen fuel cell manufacturer's stock.

07 May
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US open: Stocks shake off 'shocking' April non-farm payrolls

Investors on Wall Street have shaken off the surprise shortfall in US jobs in April and are again pushing stocks higher.

07 May
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US non-farm payrolls rise by just 266,000 in April

America's labour market last month generated the fewest jobs ever relative to economists' forecasts.

07 May
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Pfizer and BioNTech file for full FDA authorisation of Covid-19 vaccine

Pfizer and BioNTech have started the process to file for full authorisation of their Covid-19 vaccine with the US Food and Drug Administration.

07 May
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Rogue Baron appoints industry veteran Peter Mooney as advisor

Premium spirits company Rogue Baron announced the appointment of industry veteran Peter Mooney to its advisory board on Friday.

07 May
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Valeura Energy gets all approvals to sell shallow gas business

Turkey-focussed upstream oil and gas company Valeura Energy announced on Friday that all Turkish government consents required to close its proposed sale of its shallow conventional gas business had now been granted.

07 May
Peel Hunt downgrades RSA Insurance as takeover nears completion

Peel Hunt downgraded RSA Insurance on Friday to ‘hold’ from ‘buy’ but lifted the price target to 685p, which is the price it has agreed to be bought at by Intact Financial Corporation and Danish insurer Tryg.

07 May
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Mobeus reports solid first quarter net asset value performance

Mobeus Income & Growth reported on Friday that its net asset value per share increased by 13. 23p in the quarter ended 31 March, making for an increase of 19. 7% on the opening net asset value per share.

07 May
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Custodian REIT declares fifth interim dividend for 2021

UK-focussed property investment company Custodian REIT confirmed a fifth interim dividend per share for the financial year ended 31 March on Friday.

07 May
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Carnival extends AIDA Canary Islands season. cancels other sailings

Carnival announced on Friday that its wholly-owned Germany-based AIDA Cruises is extending the Canary Islands season for its AIDAperla ship through July, while confirming the cancellation of cruises not departing from the islands, Greece or Germany.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles 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.

The value of investments can fall and you may get back less than you invested.