Baltic Classifieds Group confirmed its intention to pursue an initial public offering on the London Stock Exchange.
Wall Street stocks closed above the waterline on Thursday, as market participants rifled through a consumer price index that revealed a bigger-than-expected increase in price pressures and a fresh batch of jobless claims data.
The coming week's focus will be on the US central bank's policy meeting with investors keen to see whether and to what extent policymakers' bias towards continued easy policy has shifted - if at all.
European shares hit record highs on Friday buoyed by the European Central Bank's decision the day before to increase its pace of asset purchases despite rising inflation.
London stocks closed in positive territory on Friday, as investors digested encouraging UK GDP data.
The FTSE 100 ended the week 65. 02 points higher, closing at 7,134. 06 on Friday.
Deutsche Bank downgraded its stance on shares of equipment rental firm Ashtead to 'hold' from 'buy' but lifted the price target to 5,108. 0p from 4,750. 0p as it argued the valuation is outstripping returns.
Bigblu Broadband announced on Friday that it had satisfied all conditions relating to the disposal of its holding in Quickline to funds managed by Northleaf Capital Partners, with the disposal completed on 10 June.
Rocky Mountains-focussed oil and gas company Zephyr Energy announced on Friday that it is filing an application with the OTC Markets Group for its ordinary shares to be publicly cross-traded on the OTCQB market in the United States.
Tandem Group revealed on Friday that chairman Stephen Grant had disposed of 15,000 ordinary shares in the AIM-listed sports and leisure products retailer.
US consumer sentiment improved more than expected in June, according to a preliminary reading from the University of Michigan.
Wall Street stocks traded higher early on Friday, with the S&P 500 pushing further into record territory.
London’s FTSE 250 was up 0. 5% at 22,729. 04 in afternoon trade on Friday.
London’s FTSE 100 was up 0. 6% at 7,131. 27 in afternoon trade on Friday.
Colour cosmetics specialist Warpaint London said on Friday that trading in the year-to-date had been “encouraging”, with brand sales in the UK for the first five months up 64% year-on-year, and up 18% over 2019, before the effect of the Covid-19 pandemic.
Wall Street futures were in the green ahead of the bell on Friday after the S&P 500 closed at a fresh record high in the previous session.
Diagnostics and cancer therapies developer Avacta Group has received notice of registration of its ‘AffiDX’ SARS-CoV-2 antigen lateral flow test in the European Union, allowing it to place the product on the market for professional use in all 27 countries of the EU.
Cloud-based cybersecurity technology vendor Osirium Technologies reported a 22% improvement in total recognised revenue in its final results on Friday, to £1. 43m.
Training consultancy Mind Gym reported an 18% decline in revenue in its full-year results on Friday, at £39. 4m, as its gross profit margin improved 7. 5 percentage points to 87. 4%.
London stocks were in the black by midday on Friday as investors digested encouraging UK GDP data.
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