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13 May
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Week ahead: UK jobs report, US debt ceiling talks in focus

The market spotlight over the coming would shift back towards the UK and its jobs market.

12 May
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Europe close: Shares close higher despite weak UK GDP

European stock markets closed higher on Friday as investors digested UK data showing a fragile domestic economy, while shares in THG slumped after it pulled out of bid talks with Apollo.

12 May
Weekly review

The FTSE 100 ended the coronation-truncated week up 51. 98 points, or 0. 67%, closing at 7,754. 62 on Friday.

12 May
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London close: Stocks mixed on data, US debt ceiling worries

London’s equity markets closed in a mixed state on Friday, as investors weighed fresh economic data from both sides of the Atlantic.

12 May
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US consumer sentiment hit in May by worries about economy, debt ceiling

Concerns about the economy, including around the debt ceiling standoff, hit consumer sentiment in the US in May, the results of a closely followed survey revealed.

12 May
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US open: Stocks dip after consumer sentiment hits 6-month low

Wall Street was trading mixed in early trading at the end of the week as investors digested news that consumer confidence had soured in early May, in part as a result of concern around the debt ceiling standoff in Washington.

12 May
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FTSE 250 movers: Homebuilders pace gains

Homebuilders paced gains after analysts at Berenberg said that they had turned more positive on the sector.

12 May
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FTSE 100 movers: Beazley higher after trading update, Diageo hit by downgrade

Beazley was a top gainer after the specialist insurer reported "strong" first quarter trading and reiterated its full-year guidance.

12 May
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Royal Mail chief steps down after bruising battle with unions

Royal Mail chief executive Simon Thompson has quit after a bitter year-long dispute with the postal workers' union, the company said on Friday.

12 May
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US import prices rise in April for first time in 2023

US import prices rose in April for the first time in 2023 as fuel import costs rose.

12 May
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Broker tips: Intertek, Crest Nicholson, Redrow

Analysts at ShoreCap raised their profit estimates for Intertek despite concerns around the product testing and inspection specialist's ability to deliver on its targets.

12 May
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ShoreCap raises estimates for Intertek but keeps at 'hold'

Analysts at ShoreCap raised their profit estimates for Intertek despite concerns around the product testing and inspection specialist's ability to deliver on its targets.

12 May
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US pre-open: Futures move higher on debt ceiling talk hopes

Wall Street futures were advancing ahead of Friday's market open as investors digested news of progress in talks to lift the US debt ceiling.

12 May
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Berenberg more positive on UK homebuilders, upgrades Crest Nicholson and Redrow

Analysts at Berenberg turned more positive on UK homebuilders, not least because the worst-case scenarios for house price deflation had been averted.

12 May
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London midday: Stocks trade mixed as investors eye US debt ceiling talks

Stocks in London were trading in mixed fashion at the end of the week, despite hopes that the talks underway to raise the US government's debt ceiling might succeed.

12 May
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London open: Stocks up on hopes for debt ceiling, US-China talks

Stocks in London were trading slightly higher at the end of the week, amid hopes that the talks underway to raise the US government's debt ceiling might succeed.

12 May
Europe open: UK GDP shows weak growth; THG slumps as Apollo talks end

European stock markets opened higher Friday as investors digested UK data showing the domestic economy grew in the first quarter, but a fall in March highlighted the fragility of any recovery, while shares in THG slumped after it pulled out of bid talks with Apollo.

12 May
Europe midday: Shares hold gains amid weak UK GDP figures

European stock markets held gains at midday on Friday as investors digested UK data showing a fragile domestic economy, while shares in THG slumped after it pulled out of bid talks with Apollo.

12 May
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Director dealings: Wetherspoon CEO makes £0.14m sale, Rio Tinto non-exec invests

Wetherspoon was on the list of director sells on Friday, after the company disclosed a transaction worth more than £0. 14m made by its chief executive officer.

12 May
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UK retail sales soften - BDO

Retail sales dipped last week, industry research showed on Friday, after demand was curtailed by the bank holiday and mixed weather.

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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.