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02 Jun
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Europe close: Strong sentiment sees stocks finish firmer

European markets ended the week on a high note on Friday, riding a wave of optimism after US lawmakers reached an agreement to raise the nation's debt ceiling, mitigating the threat of a government default.

02 Jun
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London close: Stocks rally on US debt deal, payrolls report

London stocks racked up strong gains on Friday after the US Senate passed a bi-partisan agreement to raise the debt ceiling, and following the release of a stronger-than-expected non-farm payrolls report.

02 Jun
Weekly review

The FTSE 100 ended the bank holiday-truncated week up 36. 41 points, or 0. 48%, closing at 7,607. 28 on Friday.

02 Jun
FTSE 250 movers: Dechra surges on takeover; Wizz Air flies lower

Dechra Pharmaceuticals said on Friday that it has agreed to be taken over in a £4. 46bn deal.

02 Jun
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US open: Stocks gain after debt deal, payrolls report

US stocks rallied in early trade on Friday as investors breathed a sigh of relief after the Senate passed a bi-partisan agreement to raise the debt ceiling, and following a much stronger than expected non-farm payrolls number.

02 Jun
FTSE 100 movers: Miners shine, gas stockpiles hit utilities

Heavily-weighted miners were the top performers as copper prices rose, with Antofagasta, Anglo American, Glencore and Rio Tinto all higher on Friday.

02 Jun
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US payrolls rise far more than expected in May

The US economy created far more jobs than expected in May, according to figures released on Friday by the Bureau of Labor Statistics, but analysts suggested that a moderation in wage growth could allow the Federal Reserve to skip a rate hike this month.

02 Jun
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Broker tips: Prudential, Auto Trader, AJ Bell

JPMorgan Cazenove placed Prudential shares on ‘positive catalyst watch’ on Friday into the first-half results in August.

02 Jun
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Director dealings: National Express board invests, British Land CFO makes £0.1m sale

British Land was on the list of director sells on Friday, after its chief financial officer sold more than £0. 1m to cover his bills after he vested a number of performance shares.

02 Jun
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Purplebricks shareholders overwhelmingly back £1 takeover by Strike

Purplebricks shareholders have voted in favour of a £1 takeover by rival strike.

02 Jun
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Burford Capital confirms sterling rate for second interim dividend

Finance and asset management firm Burford Capital announced the sterling conversion rate for its previously-declared second interim dividend on Friday.

02 Jun
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Edenville Energy proposes name change to Shuka Resources

Africa-focussed miner Edenville Energy announced its proposal to change its name to Shuka Resources on Friday.

02 Jun
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Scancell to present positive recent findings at oncology summit

Immunotherapy developer Scancell said on Friday that it is set to present an informative poster at the American Society of Clinical Oncology Meeting (ASCO) 2023 annual meeting in Chicago from 2 to 6 June.

02 Jun
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Jefferies cuts AJ Bell price target, retains ‘buy’ rating

Jefferies slashed its price target on AJ Bell on Friday to 370p from 450p, keeping the rating at ‘buy’.

02 Jun
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Tungsten West finishes processing legacy material

Mining company Tungsten West, which is focussed on restarting operations at the Hemerdon tungsten and tin mine, announced the successful completion of processing its legacy tungsten and tin concentrates on Friday, through the commissioning of the refinery portion of its mineral processing facility (MPF).

02 Jun
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Baron Oil subsidiary gets extension to Chuditch PSC

Baron Oil updated the market on the TL-SO-19-16 production sharing contract (PSC) on Friday, located offshore Timor-Leste.

02 Jun
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Proton Motor Power gets order from University of Stuttgart

Hydrogen fuel cell and electric hybrid technology developer Proton Motor Power announced the receipt of a significant order from the University of Stuttgart on Friday.

02 Jun
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London midday: Stocks extend gains as investors eye payrolls

London stocks had extended gains by midday on Friday after the US Senate passed a bi-partisan agreement to raise the debt ceiling, and as investors eyed the latest non-farm payrolls report.

02 Jun
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Gateley flags robust full-year performance

Legal and professional services company Gateley reported a robust performance in a trading update on Friday, with significant revenue growth in the financial year just ended.

02 Jun
Europe midday: Shares pace gains as US debt deal agreed

European markets made further gains by midday on Friday after US lawmakers passed the debt ceiling deal, avoiding the prospect of a default.

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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.