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Broker tips: Mondi, BT Group
Citi upgraded its stance on Mondi to 'buy' on Friday, noting that after a difficult couple of years, market headwinds of destocking and lower pricing were reversing across the packaging company's product segments.
Weekly review
The FTSE 100 ended the week down 102. 67 points, or 1. 22%, closing at 8,317. 59 on Friday.
London close: Stocks mixed after disappointing retail sales data
London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted to a larger-than-expected drop in UK retail sales.
Director dealings: Reach CFO makes share sale
Publishing company Reach revealed on Friday that chief financial officer Darren Fisher had disposed of 31,638 ordinary shares in the London-listed firm.
US consumer confidence falls back in May, University of Michigan says
Consumer sentiment in the US shifted down a gear in May, according to the results of a closely followed survey.
Gama Aviation in talks over potential acquisition of TJS
Gama Aviation confirmed on Friday that it is in talks about the possible acquisition of Tyrolean Jet Services (TJS), an Austrian provider of aircraft management and charter services.
US open: Dow higher following Thursday's heavy losses
Wall Street stocks were in the green early on Friday as America prepared for the Memorial Day long weekend.
FTSE 250 movers: Wood Grp gains on bid rebuff; AJ Bell slides on founder stake sale
FTSE 250 (MCX) 20,633. 26 0. 01%.
FTSE 100 movers: Retailers gain; National Grid tumbles again
London’s FTSE 100 was down 0. 2% at 8,324. 81in afternoon trade on Friday.
US durable goods orders rise unexpectedly in April
Durable goods orders in the US rose unexpectedly in April, but on the back of a sharp downwards revision to the prior month's figures.
EnSilica to raise £0.3m through retail offer
EnSilica announced a retail offer through the Winterflood Retail Access Platform (WRAP) on Friday, to raise up to £0. 3m.
Trident announces first gold pour at Greenstone mine
Trident Royalties announced a significant milestone at Equinox Gold's Greenstone Gold Mine in Ontario, Canada on Friday, with the inaugural gold pour at the mine producing 1,800 ounces of gold.
US pre-open: Futures higher following Dow's worst session since March 2023
Wall Street futures were in the green ahead of the bell on Friday as America prepares for the Memorial Day long weekend.
Wood Group rejects new 220p-a-share offer from Sidara
Wood Group said it had rejected a third unsolicited £1. 52bn takeover proposal from rival Dubai-based engineering and consulting company Sidara, saying it continued to “significantly undervalue” the group and its prospects.
Recurring revenue, adjusted earnings rise for Pulsar Group
Audience intelligence software specialist Pulsar Group said in its final results on Friday that its annualised recurring revenue (ARR) increased £2. 7m, a significant improvement from the flat performance in the prior financial year.
Enteq appoints new head of finance
Energy service engineering and technology company Enteq announced the appointment of Amir Absoud as its head of finance on Friday, to immediately succeed the current chief financial officer, Mark Ritchie.
Europe midday: Stocks down as inflation fears dim early rate cut hopes
European shares were lower at midday on Friday as worries that persistent inflation could see a delay in planned interest rate cuts this year weighed on sentiment.
Viavi offer for Spirent Communications officially lapses
Viavi Solutions confirmed on Friday that its proposed acquisition of Spirent Communications had lapsed.
Frontier IP's Alusid launches another range with Topps Tiles
Frontier IP announced on Friday that its portfolio company Alusid has launched its first range of floor tiles through Parkside Architectural Tiles, the commercial division of Topps Tiles.
Citi upgrades Mondi to 'buy'
Citi upgraded its stance on Mondi on Friday to ‘buy’ as it said that after a difficult couple of years, the market headwinds of destocking and lower pricing are reversing across the packaging company’s product segments (board, flexibles, paper).