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26 May
Weekly review

The FTSE 100 ended the week down 129. 67 points, or 1. 67%, closing at 7,627. 2 on Friday.

26 May
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Europe close: Stocks rebound on reports of US debt ceiling progress

European shares rebounded on Friday, driven by rising mining stocks and as talks on the US debt ceiling crept towards a resolution.

26 May
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Week ahead: US non-farm payrolls, China factory PMI in focus

All eyes over the coming holiday-shortened week would be on the ongoing debt ceiling talks and the latest non-farm payrolls report in the US.

26 May
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London close: Stocks mixed amid renewed US debt ceiling hopes

London’s stock markets ended the week on a mixed note on Friday, with the benchmark index rising amid hopes of a nearing deal over the US federal debt ceiling.

26 May
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FTSE 100 movers: Miners rally; IAG flies lower

London’s FTSE 100 was up 0. 9% at 7,636. 70 in afternoon trade on Friday.

26 May
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US consumer confidence slips in May, price expectations fall, University of Michigan says

Consumer confidence in the US slipped in May amid the uncertainty around the debt ceiling crisis and concern about a potential recession, the results of a closely followed survey revealed.

26 May
FTSE 250 movers: Tullow gushes, Darktrace tumbles on BoA note

Cybersecurity firm Darktrace tumbled on Friday after Bank of America Merrill Lynch initiated coverage of the stock with an ‘underperform’ rating and a "street-low" price target of 240p, which implies 18% downside potential.

26 May
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US open: Stocks jump amid reports of progress in debt ceiling talks

Stocks on Wall Street were trading on the front foot at the end of the week as investors assessed signs of progress in debt ceiling negotiations.

26 May
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BofA ML starts Darktrace at 'underperform', shares slide

Cybersecurity firm Darktrace tumbled on Friday after Bank of America Merrill Lynch initiated coverage of the stock with an ‘underperform’ rating and a "street-low" price target of 240p, which implies 18% downside potential.

26 May
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Broker tips: Darktrace, Halfords, Asos

Cybersecurity firm Darktrace tumbled on Friday after Bank of America Merrill Lynch initiated coverage of the stock with an ‘underperform’ rating and a "street-low" price target of 240p, which implies 18% downside potential.

26 May
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Director dealings: Playtech CEO picks up shares, RS Group non-exec invests

Playtech found itself on the list of director buys on Friday, after its chief executive officer spent almost £0. 3m on shares.

26 May
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Pelatro earnings fall in 'disappointing' year

Marketing software specialist Pelatro reported revenue of $5. 4m in its final results on Friday, down from $7. 3m in 2021.

26 May
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XLMedia confident despite first-half softness

Digital media company XLMedia said in an update on Friday that the first half of 2023 was expected to see lower revenues compared to the same period in 2022, mainly due to the absence of the highly-anticipated launch of online sports betting in New York state.

26 May
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US personal spending rebounds in April, price gains pick up

Americans resumed splashing out last month, pushing the savings rate lower.

26 May
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US visible trade deficit yawns wider in April

America's visible trade deficit yawned wider last month as exports shrank rapidly.

26 May
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Meta to limit ad data use to appease UK competition concerns

Meta Platforms has offered to make changes to the way it uses advertising data from other businesses, it was confirmed on Friday, as it looks to appease concerns flagged by the UK competition watchdog.

26 May
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Cazoo debtholders enlist bankers ahead of crunch talks - report

Lenders to online car retailer Cazoo have reportedly enlisted bankers to spearhead talks with the company about a £510m debt restructuring.

26 May
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Quantum Blockchain hires new mining and hardware-focussed manager

Quantum Blockchain announced the appointment of Vladimir Kusznirczuk as its marketing and business development manager on Friday, focusing on expanding opportunities with major Bitcoin miners and mining rig manufacturers in the US and Canada.

26 May
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Prospex upbeat on outlook as total assets surge

Prospex Energy reported a significant increase in total assets in its final results on Friday, reaching £16. 06m, compared to £6. 7m in 2021.

26 May
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Pan African lowers full-year production guidance, announces fatality

South African gold miner Pan African Resources downwardly-revised its production guidance for the financial year ending 30 June on Friday, alongside the imminent start of construction at the Mintails project.

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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.