Latest News
04 Jul
Friday newspaper round-up: Gatwick, Twitter, housebuilders

Gatwick airport will reduce its summer capacity to ward off potential chaos, after dozens of last-minute cancellations wrecked the travel plans of holidaymakers over the platinum jubilee and half-term holiday. London’s second busiest airport will limit the number of daily take-offs and landings to 850 in August – about 50 more than the average in early June, but more than 10% below its pre-pandemic maximum. - Guardian.

18 Jun
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Sector movers: Oil and Gas plays drag as crude oil futures hit by recession worries

Commodity plays fared worst at the end of the week as talk of recession fears replaced that of inflation worries in the wake of the Federal Reserve's surprise 75 basis point interest rate hike the day before.

17 Jun
Weekly review

The FTSE 100 ended the week 301. 27 points lower, closing at 7,016. 25 on Friday.

17 Jun
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London close: Stocks end miserable week in a mixed state

London stocks were mixed at the close on Friday after a session of bargain-hunting, following heavy losses in the previous session as recessionary fears continued to weigh on the mood.

17 Jun
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Europe close: Stocks end on mixed note after bruising week

European stocks gave back some of their early gains on Friday to finish on a mixed note after a bruising week of selling following rate rises in the US, UK and Switzerland in response to inflationary worries.

17 Jun
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Week ahead: BoE speakers, Fed's Powell in the spotlight

Central bankers will continue to be in focus over the coming week with of the Bank of England's top officials set to deliver remarks.

17 Jun
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Opportunity knocks, BofA says

Financial markets have reached a critical juncture with positioning across asset classes as bearish as at any time seen since August 2002, July 2008, 11 September, September 2015, January 2016 and March 2020, but opportunity might be about to knock on investors' door, said strategists at Bank of America.

17 Jun
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Broker tips: Hargreaves Lansdown, Asos

Analysts at Berenberg lowered their target price on financial services company Hargreaves Lansdown from 1,250. 0p to 925. 0p on Friday, stating there were "few tailwinds to fight near-term headwinds".

17 Jun
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Industrial production grows more slowly than forecast in May as factory production dips

Industrial output in the US expanded more slowly than expected last month as levels of factory activity following three months of strong growth.

17 Jun
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US open: Stocks higher despite ongoing fears regarding potential economic slowdown

Wall Street stocks were in the green early on Friday despite fears of a potential economic slowdown continuing to weigh on sentiment.

17 Jun
17 Jun
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Director dealings: Asos board members buy in after update

Asos found itself with several entries on the list of director buys on Friday, after three of its board members made investments.

17 Jun
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FTSE 100 movers: ICG climbs to the top; miners fall

London’s FTSE 100 was up 0. 8% at 7,097. 95 in afternoon trade on Friday, ending a turbulent week in a pretty quiet fashion, with traders most likely opting to enjoy a few beers in the blazing hot sunshine.

17 Jun
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Euro area CPI rises at record pace in June, energy and food prices pace gains

Euro area consumer prices rose at a record clip last, revised data confirmed, pushed higher energy and food prices in particular.

17 Jun
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UniVision to contest major contract termination from MTR

Hong Kong-based surveillance and CCTV technology company UniVision has received formal notice of termination of its contract with MTR Corporation, it announced on Friday.

17 Jun
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Liberum slashes target price on Asos following profit warning

Analysts at Liberum slashed their target price on clothing retailer Asos from 1,500. 0p to 900. 0p on Friday following "another profit warning" from the company.

17 Jun
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Fed is 'acutely' focused on returning inflation to 2.0 per cent, Powell says

Policymakers at the US central bank are "acutely" focused on maintaining price stability as well as financial stability, with the latter of key importance for meeting the Federal Reserve's mandate of achieving 2. 0% inflation and full employment, Jerome Powell said.

17 Jun
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Harland & Wolff calls strike action at Methil 'illegal'

Harland & Wolff Group updated on labour relations at Harland & Wolff Methil on Friday, confirming that it has not yet recognised any trade union at the Methil facility.

17 Jun
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Providence Resources to raise $1.8m for working capital needs

Ireland-based energy company Providence Resources announced its intention to conditionally raise up to $1. 8m before expenses on Friday, to fulfil its near-term working capital needs.

17 Jun
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Insig AI enters loan agreement with long-term shareholder

Data science and machine learning technology company Insig AI has entered into a new convertible loan facility agreement with long-term shareholder David Kyte, it announced on Friday.

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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.