Latest News
09 Jul
Friday newspaper round-up: BP, Elon Musk, Missguided, EY

BP has said it will review its investments in the North Sea after the government unveiled a windfall tax on oil and gas operators. The chancellor, Rishi Sunak, laid out plans on Thursday for a 25% tax increase to taxes on North Sea energy companies, in a move that is expected to raise £5bn. A sunset clause in the legislation means that Sunak’s “energy profits levy” will only be phased out when oil and gas prices return to historically more normal levels or by December 2025.

29 May
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Week ahead: Ukraine war, US non-farm payrolls in the spotlight

Financial markets' focus over the coming holiday-shortened week will continue to be on the war in Ukraine.

28 May
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Ukrainian President extends olive branch to Moscow

Ukraine's President held out an olive branch to the Kremlin, even as he sounded a downbeat note on the likelihood that Moscow would take it.

27 May
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Europe close: Stocks eye positive close to a volatile month of May

European shares extended gains on Friday on the back of a Wall Street rally and positive closes in Asia as investors became more comfortable with central bank efforts to tackle inflation.

27 May
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London close: Stocks finish week on a positive note

London stocks closed above the waterline on Friday as investors continued to mull over Chancellor Rishi Sunak’s support package, and as a key inflation measure stateside dipped as anticipated.

27 May
Weekly review

The FTSE 100 ended the week 195. 48 points higher, closing at 7,585. 46 on Friday.

27 May
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Director dealings: Creo Medical board members add to holdings

Creo Medical Group had several entries on the list of director buys on Friday, after it disclosed three share purchases made by two of its board members.

27 May
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Broker tips: DWF Group, Countryside

Analysts at Berenberg initiated coverage on legal and professional services firm DWF Group at 'buy' on Friday, stating the company was "undervalued and largely misunderstood" by public markets.

27 May
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Reckitt struggling with sale of infant nutrition unit - report

Reckitt Benckiser is reportedly struggling with the sale of its infant nutrition unit, with only a small number of private equity funds following through with bids.

27 May
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US open: Stocks trade higher following PCE reading

Wall Street stocks opened higher on Friday as market participants digested some key inflation data.

27 May
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FTSE 100 movers: Scottish Mortgage rallies; energy shares slump

London’s FTSE 100 was up 0. 3% at 7,584. 48 in afternoon trade on Friday.

27 May
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US trade deficit shrinks rapidly in April as inventory rebuilding slows

America's shortfall on trade with the rest of the world fell sharply last month as imports declined.

27 May
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PCE inflation dips as expected in April, steady growth in incomes and spending

A key measure of inflation in the US dipped last month, even as personal incomes and spending continued growing at a steady clip.

27 May
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Deutsche Bank lowers target price on Countryside Partnerships

Analysts at Deutsche Bank lowered their target price on housebuilder Countryside Partnerships from 342. 0p to 260. 0p on Friday, stating the group was "striving to get back on track".

27 May
FTSE 250 movers: FirstGroup continues to rally while Moonpig out of favour

The FTSE 250 was up 0. 42% at 20,333. 57 at 1305 BST.

27 May
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Berenberg initiates coverage on DWF Group at 'buy'

Analysts at Berenberg initiated coverage on legal and professional services firm DWF Group at 'buy' on Friday, stating the company was "undervalued and largely misunderstood" by public markets.

27 May
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Stagecoach to buy Kelsian's east London bus operations for £20m

Stagecoach said on Friday that it has agreed to buy Kelsian Group's east London bus operations and depot at Lea Interchange for £20m.

27 May
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Summer bear rally bandwagon on the move on 'peak inflation' talk, BoA says

It's off to the races with a summer bear market rally bandwagon growing, one of Wall Street's top-rated strategy teams said.

27 May
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US pre-open: Futures in the green ahead of PCE reading

Wall Street futures had stocks opening higher ahead of the bell on Friday as market participants awaited some key inflation data scheduled for release later in the day.

27 May
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Europe midday: Shares extend gains on central bank rate clarity

European shares extended gains on Friday on the back of a Wall Street rally and positive closes in Asia as investors became more comfortable with central bank efforts to tackle inflation.

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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.