Latest News
25 Mar
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Week ahead: Euro area and US inflation, China factory PMI in focus

The market spotlight over the coming week was expected to shift back towards key inflation readings on either side of the Atlantic, assuming calm in global banking.

24 Mar
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Fed's Bullard says bank stress need not derail economic growth

A top US central bank official said that stresses in the US financial system could be contained even as the Federal Reserve reined in inflation.

24 Mar
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Europe close: Banks drag on major indices again, Deutsche Bank and UBS in focus

European shares slumped on Friday amid sharp selling in the banking space centred on Deutsche Bank.

24 Mar
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Broker tips: Centrica, Anpario

Analysts at Berenberg hiked their target price on electric services company Centrica from 50. 0p to 110. 0p on Friday, stating the group's strong free cash flow yield had revived its dividend.

24 Mar
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Sector movers: Investors sell banks on Friday and go away

Banks were under pressure at the end of the week, in turn drag on Big Oil as investors tried to factor in the impact to economic growth.

24 Mar
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London close: Renewed banking woes see stocks finish lower

London's markets closed in negative territory on Friday, with banks taking the brunt of the hit as sentiment once again soured.

24 Mar
Weekly review

The FTSE 100 ended the week up 0. 95%, or 70. 05 points, closing at 7,405. 45 on Friday.

24 Mar
24 Mar
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Wetherspoon shares surge as pub chain swings to H1 profit

JD Wetherspoon shares surged as the pub chain said sales for the last seven weeks were 14. 9% higher than the same period last year as it also swung to a half-year profit despite "ferocious" inflationary pressures.

24 Mar
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Director dealings: Elementis director makes share purchase

Elementis revealed on Friday that senior independent director Steve Good had acquired 20,000 ordinary shares in the FTSE 250-listed chemicals firm.

24 Mar
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FTSE 100 movers: Banks under the cosh again; defensives gain

London’s FTSE 100 was down 1. 5% at 7,385. 83 in afternoon trade on Friday.

24 Mar
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Phoenix takes $2m short-term loan as it finalises copper bonds

US-focussed explorer and producer Phoenix Copper said in an update on Friday that it was finalising discussions with a number of parties to place up to $80m of corporate copper bonds, as it first announced on 8 June.

24 Mar
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Revenue up but earnings per share slip for Caledonia Mining

Caledonia Mining reported gross revenue of $142m for 2022 in its full-year results on Friday, up from the $121m it recorded in 2021.

24 Mar
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Touchstone swings to loss despite rise in production

Touchstone Exploration reported an 18% increase in average daily production volumes in its full-year results on Friday, driven by incremental natural gas production from the Coho-1 well, although it did swing to a loss for the year.

24 Mar
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Destiny publishes 'important' research on its preoperative treatment candidate

Clinical-stage biotechnology company Destiny Pharma announced the publication of landmark clinical data for ‘XF-73’ on Friday, in the US-based peer-reviewed journal Infection Control & Hospital Epidemiology.

24 Mar
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US open: Dow reverses Thursday's losses at the bell

Wall Street stocks were in the red early on Friday as fears over the current state of the global banking system stirred up once again.

24 Mar
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Ceres Power revenue, earnings slide as it works on partnerships

Fuel cell and electrical chemical specialist Ceres Power reported a decline in revenue to £22. 1m in its final results on Friday, from £30. 8m in 2021.

24 Mar
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Drumz investee Acuity inks deal with Florida-based Tutela

UK-based investment firm Drumz announced that its investee Acuity Risk Management has entered into a partnership with Tutela Solutions, a provider of governance, risk, and compliance (GRC) solutions based in Florida.

24 Mar
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Atalaya files technical report related to new Riotinto assessment

Atalaya Mining announced the filing of a technical report related to the new preliminary economic assessment (PEA) for its Proyecto Riotinto operation in Spain on Friday.

24 Mar
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US private sector activity resurgent in March, S&P Global says

Economic activity in the US was resurgent in March, rising at its fastest level in almost a year, the results of two surveys revealed.

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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.