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Week ahead: US factory gate prices, retail sales in focus
Investors will be continuing to keep a close eye on inflationary pressures around the world over the coming week.
Weekly review
The FTSE 100 ended the week 144. 06 points higher, closing at 7,661. 02 on Friday.
Europe close: Stocks end week on a down note but off their session lows
European shares extended their losses on Friday, falling in line with the global sell-off sparked by hot US inflation figures the day before and fears of more aggressive interest rate rises ahead.
London close: Stocks still weaker after inflation-fuelled sell-off
London stocks closed slightly weaker on Friday, amid global losses that came on the back of data that showed US inflation hitting its highest level since 1982 in January.
Starling Bank seeking £2.5bn value in funding round - report
London-based Starling Bank is reportedly weighing plans for a fresh funding round that could value the challenger at around £2. 5bn.
FTSE 250 movers: Aston Martin loses ground; Tate & Lyle rallies
London’s FTSE 250 was down 0. 6% at 22,077. 73 in afternoon trade on Friday.
Broker tips: M&G, Jubilee Metals
Analysts at Deutsche Bank slightly lowered their target price on investment manager M&G from 230. 0p to 225. 0p on Friday, stating it was "waiting for the kettle to boil".
FTSE 100 movers: Antofagasta boosted by upgrade; Segro in the red
London’s FTSE 100 was down 0. 3% at 7,649. 64 in afternoon trade on Friday.
UoM consumer sentiment falls to lowest reading in over ten years
A preliminary reading showed the University of Michigan's consumer sentiment index fell sharply to 61. 7 in February, the lowest reading since October 2011 and well below forecasts for a slight rise from 67. 2 in January to 67. 5.
Director dealings: Warehouse REIT director linked to buy, Cloudbreak execs make several transactions
Warehouse REIT disclosed a share purchase worth almost £100,000 on Friday, linked to one of its non-executive directors.
US open: Stocks trade higher as markets continue to digest red hot CPI reading
Wall Street stocks were in the green early on Friday as market participants continued to mull over yesterday's consumer price index and attempted to figure out the Federal Reserve's next move on the heels of the highest rate of inflation in decades.
Tern reports solid progress among portfolio companies
Internet-of-things (IoT) technology company Tern reported further significant progress across its portfolio companies in an update on Friday, with growth in recurring revenues and new contract wins.
Galileo gets cash from Glenover, Star Zinc sales
Galileo Resources updated the market on the Glenover asset sale between Glenover and Afrimat on Friday, as well as the sale of the Star Zinc project to Siege Mining.
i3 Energy plans $47m Canadian capital programme for 2022
UK and Canada-focussed oil and gas company i3 Energy updated the market on its 2022 Canadian capital programme on Friday, with its capital budget for the country set to total $47m for the year.
Deutsche Bank slightly lowers target price on M&G
Analysts at Deutsche Bank slightly lowered their target price on investment manager M&G from 230. 0p to 225. 0p on Friday, stating it was "waiting for the kettle to boil".
CMA provisionally clears Sony’s acquisition of indie label AWAL
The Competition and Markets Authority has provisionally cleared Sony Music’s $430m acquisition of independent record label AWAL.
MobilityOne signs lease on much larger Kuala Lumpur office
E-commerce platform and payments company MobilityOne announced on Friday that its Malaysian subsidiary, M1 Malaysia, has entered into a tenancy agreement with LMS Digital to occupy 4,500 square feet of office space at Wisma LMS in Kuala Lumpur.
Omega selling Scotland factory after government Covid test plans collapse
Medical diagnostics specialist Omega has signed a conditional sale and purchase agreement with Accubio, a wholly-owned subsidiary of Orient Gene, for the sale of its diagnostic test kit manufacturing business and facility in Alva, Scotland.
Mobile Streams takes full ownership of LiveScores service
Mobile Streams has taken sole ownership of the LiveScores services, it announced on Friday, that it was previously operating under a revenue share agreement with Quanta Media.
TP Group making 'difficult decisions' over legacy maritime contracts
Engineering and consulting company TP Group said in an update on Friday that at the end of 2021 its net debt totalled £1. 6m, with £5. 4m of cash, £7m of bank debt, and the Science Group loan undrawn.
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