Latest News
Asia report: Markets weaker as PBoC keeps rates steady
Markets in Asia were lower across the board on Friday, with Hong Kong’s bourse leading the losses, after China’s central bank stood pat on interest rates.
Week ahead: Jackson Hole, Global PMIs in the spotlight
The spotlight in financial markets over the coming week will be on the Federal Reserve's eagerly-awaited central banking symposium at Jackson Hole, Wyoming, on Friday.
Director dealings: Several BHP insiders sell shares
Several of BHP's top executives reinvested the proceeds from the vesting of their share awards, buying more of the miner's stock.
Europe close: Stocks rally into the close after remarks from Fed's Kaplan
European shares rallied into the end of trading on Friday after a top US central bank official said he might need to reconsider his policy bias "somewhat", depending on the impact of the pandemic on economic growth.
Broker tips: IPF, IWG
Analysts at Canaccord Genuity upgraded their recommendation for stock of International Personal Finance to 'buy', on the back of recent news-flow pointing to a reduced risk that a "financially-damaging" rate cap might be imposed in its largest market, Poland.
London close: Shares firmer despite disappointing retail data
London stocks managed to break back above the waterline by the close on Friday, even after investors were faced with disappointing UK retail sales data.
Weekly review
The FTSE 100 ended the week 130. 81 points lower, closing at 7,087. 90 on Friday.
FTSE 250 movers: M&S surges on update; Morrisons boosted by deal news
London’s FTSE 250 was up 0. 7% at 23,764. 67 in afternoon trade on Friday.
Mercantile Ports raises £10m to fund contracts, construction
Mercantile Ports & Logistics has raised £9. 6m before expenses under a placing and subscription, it announced on Friday.
FTSE 100 movers: Retailers rally; IAG flies lower
London’s FTSE 100 was up 0. 5% at 7,090. 85 in afternoon trade on Friday.
US open: Stocks trading on front foot after less 'hawkish' Fedspeak
Share trading on Wall Street got off to a positive start on Friday after one of the most hawkish top US central bank officials said he might need to rethink his policy bias.
Amur confirms completion of conditions report for Kun-Manie
Exploration and resource development company Amur Minerals announced on Friday that Oreall has completed the permanent conditions report on its far east Russia Kun-Manie nickel copper sulfide project.
Canaccord upgrades International Personal Finance on reduced regulatory risk
Analysts at Canaccord Genuity upgraded their recommendation for stock of International Personal Finance to 'buy', on the back of recent news-flow pointing to a reduced risk that a "financially-damaging" rate cap might be imposed in its largest market, Poland.
CMA refers Nvidia's Arm takeover for in-depth investigation
The UK’s Competition and Markets Authority said on Friday that an in-depth investigation of Nvidia’s proposed takeover of chip maker Arm is warranted as it could lessen competition.
Fed's Kaplan says he may have to adjust his views
One of the more 'hawkish' US central bank officials said he might need to adjust his views on monetary policy should the Delta variant of Covid-19 drag on the economy too much.
Berenberg cuts target for IWG on forecasts for occupancy
Analysts at Berenberg cut their target price for shares of IWG, citing an overoptimistic consensus on the outlook for 2022/23 after downgrading their estimates for the workspace specialist for a fifth time in a row.
Asiamet facing Covid delays in Indonesia
Asiamet Resources updated the market on its BKM copper development project and the Kalimantan Suraya Kencana contract of work in Indonesia’s Central Kalimantan on Friday, reporting that over the past two months there had been a “very significant and rapid” increase in the number of Covid-19 infections across Indonesia.
Binance introduces stricter checks to combat money laundering
Cryptocurrency exchange Binance has announced stricter checks as it looks to enhance user protection and combat financial crime.
US pre-open: Futures pointing lower ahead of options' expiry
Wall Street futures are pointing to a lower start on the back of concerns around the impact of the Delta variant on the economy and the ongoing crackdown on technology firms by Beijing and head of options' expiry.
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.