Latest News
23 Oct
amazon dl store technology retail us 3
Week ahead: Autumn Budget, Corporate earnings in focus

The focus in financial markets over the coming week will be on the Autumn Budget on Wednesday, with the Chancellor facing a tricky balancing act given already high deficits, rising inflation and the end of the furlough scheme.

22 Oct
dl national express coach passenger transport services coaches logo ftse 250
London close: Stocks manage higher finish as Evergrande fears fade

London stocks managed a positive finish on Friday, even after disappointing retail sales data and a slump in consumer confidence, as worries about China’s Evergrande eased and with the release of encouraging UK growth figures.

22 Oct
dl asia china shanghai city finance money yuan renminbi pixabay
Europe close: Stocks stage relief rally on Evergrande news

European stocks finished higher on Friday with investors cheering news of an interest payment by debt-ridden China Evergrande Group and brushed aside a survey that showed growth in euro zone business activity slowed in October due to inflation fears.

22 Oct
Weekly review

The FTSE 100 ended the week 29. 48 points lower, closing at 7,204. 55 on Friday.

22 Oct
dl barclays bank shop sign
Broker tips: Barclays, Unilever

Analysts at Berenberg raised their target price on Barclays from 230. 0p to 245. 0p on Friday, telling clients that the lender's third-quarter numbers had confirmed that it was "well placed" to profit from a recovery among UK and US consumers.

22 Oct
Director dealings: Dunelm CEO makes share sale

Dunelm Group revealed on Friday that chief executive Nick Wilkinson had disposed of 93,196 ordinary shares in the FTSE 250-listed retailer.

22 Oct
wal mart dl retail us consumer
US economic activity off to "encouraging" start in Q4 but no signs price pressures abating

Preliminary survey data revealed that the US economy got off to an "encouraging" start in the fourth quarter but price pressures showed no signs of abating.

22 Oct
dl hochschild mining miner gold miners ftse 250 logo sign
FTSE 250 movers: National Express, Hochschild gain

London’s FTSE 250 was up 0. 1% at 22,930. 94 in afternoon trade on Friday.

22 Oct
dl finance cash pounds sterling money finance coins coin banknote
MusicMagpie still considering options for new finance chief

Secondhand marketplace operator musicMagpie updated the market on its process to appoint a new chief financial officer on Friday.

22 Oct
dl finance pounds sterling money finance banknote
Ironveld to get £5.6m investment from Grosvenor Resources

Ironveld announced a proposed new major investment by Grosvenor Resources on Friday.

22 Oct
dl finance money coins generic
Location Sciences sells business, contract to Digital Envoy

Location Sciences announced on Friday that it has agreed to sell its insights dashboard and four contracts pertaining to its location data and insights business toUnited States-based IP intelligence company Digital Envoy for up to $0. 7m in cash.

22 Oct
dl jd sports fashion sign shop
FTSE 100 movers: JD Sports rallies on acquisition; LSE under the cosh

London’s FTSE 100 was up 0. 6% at 7,231. 36 in afternoon trade on Friday.

22 Oct
dl working conditions of garment textile workers in bangladesh
UK retailers want human rights law to protect supply chain workers

More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.

22 Oct
dl wall street st new york city nyc nyse stock exchange ny dow jones nasdaq sp finance us usa united states of america
US open: Major indices mixed as social media stocks weigh on Nasdaq

Wall Street stocks were mixed early on Friday as losses in the tech sector weighted on the Nasdaq early in the session.

22 Oct
dl unilever consumer products manufacturing factory public domain image ftse 100 min
UBS stays at sell on Unilever, cites concern about 'deterioration' of market share

Analysts at UBS reiterated their 'sell' recommendation on shares of Unilever, expressing to clients their concern over the "quality" of the company's margins in the back half of the year, which they said implied a "substantial" reduction in its marketing spend.

22 Oct
home depot dl retail us diy
Home Depot's supply chain boss set to depart

The man credited with reengineering Home Depot's supply chains is leaving after roughly 15 years in the job.

22 Oct
Beyond Meat cuts Q3 revenue guidance, shares tumble

Beyond Meat cut its revenue guidance for the third quarter on Friday as it cited a decline in retail demand, the impact of the Delta variant and operational challenges, sending shares in the plant-based meat producer tumbling.

22 Oct
american express dl us usa credit card finance
American Express Q3 earnings beat expectations

Financial services company American Express reported third-quarter earnings that beat expectations on Friday thanks to an acceleration in spending throughout the period.

22 Oct
honeywell dl us usa dow jones industrial
Honeywell downgrades FY guidance amid supply issues

Honeywell reported third-quarter earnings at the high end of its guidance range on Friday but downgraded its full-year guidance due to supply chain issues.

22 Oct
dl barclays bank shop sign
Berenberg raises target on Barclays, says lender set to benefit from recovery in UK and US consumer

Analysts at Berenberg bumped up their target price for shares of Barclays from 230. 0p to 245. 0p, telling clients that the lender's third quarter numbers had confirmed that it was "well placed" to profit from a recovery among UK and US consumers.

News Source: © 2022 Web Financial Group (UK) Limited. All rights reserved and terms of use apply.

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.

 

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.