MARKET REPORT
28 Apr
S&P reaffirms AA rating on UK, outlook clouded by Brexit
Britain, UK flag

Standard&Poor's reaffirmed its rating on the United Kingdom's long-term sovereign debt but warned of the potential impact on the economy from the uncertainty around the Brexit negotiations and their eventual outcome.

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28 Apr
FX round-up: Sterling nonchalant after UK Q1 growth disappoints
Kent Inglaterra UK dover cliffs

Sterling made steady gains on most key cross on Friday, appearing nonchalant in its reaction to disappointing UK economic growth data out mid-morning.

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28 Apr
Europe close: Weak US, UK GDP weigh on shareson the continent
Wall street america US USA signs

European stocks ended the day on a mixed note after weak readings on UK and US GDP dragged many indices into the red at the end of the month.

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28 Apr
Laird off to solid start, but second half remains key
phone, mobile, movil, telefon

Electronic component maker Laird reported strong sales growth in the first quarter of 2017 after a difficult year.

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28 Apr
London close: FTSE lower as UK, US growth in Q1 disappoints, sterling up
Night tube/underground, London

Stocks in London drifted to a lower close on Friday as a rise in sterling weighed on blue chips and both UK and US preliminary economic growth data disappointed investors on both sides of the Atlantic.

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28 Apr
General Motors truck and SUV sales drive record earnings
gm planta mexico

Growth at General Motors accelerated past analyst forecasts with a record first-quarter set of earnings.

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28 Apr
Sector movers: Industrial Metals and Mining stocks lead gains
cbmryen

Industrial metals and mining stocks paced gains in the last session of the week on reports of falling copper and zinc stockpiles in Shanghai, amid speculation demand for steel might be set to head higher.

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28 Apr
US GDP growth slows more than expected in Q1 2017
capitolio

Economic activity in the States slowed at the start of the year, weighed down by a slowdown in the pace of inventory accumulation, lower public spending and increased imports.

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28 Apr
Commodities: Crude rises on reports of Russia compliance with Opec output limits
Bolsa_petroleo_rusia

Crude-oil futures are higher on Friday as traders liked reports Russia has complied with Opec output limits, and also on hopes the cartel will extend its production cut pledge.

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28 Apr
RBS and Lloyds Bank customers hit by online glitch on payday
natwest national westminster bank rbs

Royal Bank of Scotland and Lloyds Banking Group customers were prevented from accessing money in their accounts due to a technical glitch ahead of the bank holiday weekend.

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28 Apr
US open: Weak Q1 GDP weighs on stocks, economists sanguine
bandera EEUU USA

Wall Street was set to limp into the weekend following a weak reading on first quarter economic growth, although the Nasdaq Composite was climbing further into record territory on the back of positive results from the biggest of the so-called FANG stocks.

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28 Apr
Renishaw gains on speculation probes may be used in iPhone 8
renishaw

Stock in Renishaw shot higher on speculation the company's products are likely to be used in Apple's iPhone 8.

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28 Apr
Jupiter Energy makes 'solid progress' in first quarter
edgar test 10

Jupiter Energy posted its quarterly update on its operations to 31 March on Friday, reporting “solid progress” had been made during the period with the Kazakh Regulatory Authorities in relation to the approval of the three year work programme and trial production licences for the Akkar East and West Zhetybai oilfields.

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28 Apr
US consumer sentiment picks up less than expected in April

Consumer sentiment in the US picked up less than expected in April, according to figures from the University of Michigan.

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28 Apr
Stellar Diamonds teams up with Octea Mining in Sierra Leone
Diamond

West Africa-focussed diamond exploration and development company Stellar Diamonds announced on Friday that it signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea Mining, in respect of the Tongo-Tonguma kimberlite diamond project in eastern Sierra Leone.

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28 Apr
Results round-up

Royal Bank of Scotland broke into the black in the first quarter of 2017, the first quarterly profit since 2015 as income, costs and margins all improved.

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28 Apr
Kennedy Wilson confirms quarterly dividend, new office leases
kennedy wilson

Kennedy Wilson Europe Real Estate announced it will pay an interim quarterly dividend of 12. 0p per share, while also reporting strong leasing momentum across key investments in Greater London and Dublin.

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28 Apr
Controversial Garden Bridge project collapses on mayoral letter
Sadiq Khan Mayor of London

London’s controversial and costly Garden Bridge project was down the gurgler on Friday, as the capital’s mayor Sadiq Khan formally withdrew support for the project.

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28 Apr
Week ahead: US FOMC, jobs report, French elections in focus
italy italian flag

The coming week is replete with top-tier economic data and potential risk events.

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28 Apr
Chicago PMI unexpectedly improves in April

Economic activity in the Chicago area unexpectedly improved in April, according to data released on Friday.

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