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13 May
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KPMG fined £14.4m by FRC for forging documents in Carillion audit

Consultants KPMG were slapped with a £14. 4m fine by the UK accounting watchdog in response to "serious misconduct" on the part of the auditors of failed outsourcer Carillion.

12 May
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Europe close: Stocks and euro slump amid more calls for ECB to hike rates

European stocks were on Thursday, sparked by a mixed reading on US inflation and further calls for the European Central Bank to start hiking interest rates, including as soon as July.

12 May
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London close: Stocks fall on commodity prices, recession fears

London stocks closed well below the waterline on Thursday, having taken their opening cue from a selloff on Wall Street on the back of hot inflation data, as weak UK GDP figures fuelled recession fears.

12 May
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Sector movers: US inflation data, rate hike talk trigger dollar strength and falls in miners and financial stocks

Drops in commodity stocks dragged the FTSE 350 lower and saw the top-flight index underperform as another wave of risk aversion swept over financial markets triggered by a mixed reading on producer prices Stateside.

12 May
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Friday preview: US and Euro area inflation in the spotlight

Inflation will continue to top the economic agenda at the end of the week with readings on price pressures and economic agents' expectations for them due out on either side of the Pond.

12 May
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Director dealings: Keywords Studios, Audioboom directors invest

Keywords Studios was at the top of the list of director buys on Thursday, after both its chairman and another board member made personal investments in the company.

12 May
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Silverbullet inks joint venture deal with Making Science

Data and digital service provider Silverbullet has entered into a joint venture agreement with Making Science Group, it announced on Thursday, to combine their respective products, services, and talent to deliver solutions for the “privacy-first, post-cookie era”.

12 May
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Two more ECB rate-setters flag support for July rate hike

Two more top policymakers at the European Central Bank said they favoured starting to hike interest rates as soon as July.

12 May
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MJ Hudson trades above expectations in third quarter

Asset management service provider MJ Hudson said in an update on Wednesday that trading in the quarter ended 31 March was “particularly strong”.

12 May
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H&T Group reports 'very strong' start to 2022

Pawnbroker H&T Group said in an update on Thursday that trading in the first four months of 2022 had remained “very strong”.

12 May
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Top BoE official says rates may need to be raised by more than expected

The Bank of England may need to hike official interest rates by more than what financial markets are currently pricing in, one of the central bank's top officials said.

12 May
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Broker tips: SSE, Capital & Counties, HomeServe

Analysts at Berenberg upgraded energy firm SSE from 'hold' to 'buy' on Thursday, stating they now see "a buying opportunity".

12 May
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BT finalises sports JV with Warner Bros as FY profits rise 2%

UK telecoms and broadcasting group BT on Thursday confirmed it was moving its sports TV division into a 50-50 joint venture with Warner Bros Discovery as it also reported a small rise in adjusted annual core earnings.

12 May
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FTSE 100 movers: Hargreaves loses ground; BT rallies

London’s FTSE 100 was down 1. 7% at 7,221. 57 in afternoon trade on Thursday amid worries about a global growth slowdown.

12 May
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US open: Stocks mixed as inflation remains in focus

Wall Street stocks opened mostly lower on Thursday as inflation data continued to weigh on sentiment.

12 May
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Hargreaves Lansdown AuM, net new business decline; shares slump

Hargreaves Lansdown shares tumbled on Thursday after the investment platform reported a drop in new business and assets under management.

12 May
FTSE 250 movers: Hochschild Mining slumps on global slowdown fears

The FTSE 250 was down 1. 98% at 19,257. 32 at 1458 BST.

12 May
US wholesale inflation growth eases in April

Growth in the US producer price index slowed as expected in April, according to figures released on Thursday by the Labor Department.

12 May
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UK's Johnson refuses to rule out windfall tax, but says 'I don't like them'

UK Prime Minister Boris Johnson insisted on Thursday that he was still opposed to a windfall tax on energy companies, but refused to rule the possibility of introducing a one-off levy.

12 May
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US jobless claims tick up in week ended 7 May

US first-time jobless claims ticked up by 1,000 in the week ended 7 May to hit 203,000, ahead of both the prior week's upwardly revised print of 202,000 and estimates for a reading of 195,000.

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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.