Europe open: Markets pull back as energy stocks track oil lower
European stocks opened slightly lower on Friday as investors paused for breath following a busy week for financial markets, which included three major central bank decisions, with weakness in the energy and telecoms sectors providing a drag.
Investec H1 results seen in line with guidance amid solid lending, inflows
Banking and wealth management group Investec said on Friday that it expects to deliver interim results in line with guidance, with its stable year‑to‑date performance supported by disciplined execution, strong client activity and continued balance‑sheet growth.
UK retail sales bounce back in August
UK retail sales unexpectedly bounced back in August, helped along by the warm weather, according to figures released on Friday by the Office for National Statistics.
Bank of Japan lifts interest rates to highest since 1995
The Bank of Japan on Friday raised its key interest rate for the second time in three months, pushing borrowing costs to their highest level in more than three decades.
London pre-open: Stocks to edge down; retail sales bounce back
London stocks were set to edge lower at the open on Friday following solid gains in the previous session, as investors mulled the latest UK retail sales data.
Investec H1 results seen in line with guidance, Harworth reiterates rejection of Peel takeover bid
LONDON PRE-OPEN The FTSE 100 was expected to open 14. 1 points lower ahead of the bell on Friday, after wrapping up the previous session 1. 19% stronger at 10,816. 14.
Friday newspaper round-up: Thames Water, British Steel, OITS
Andy Burnham is under further pressure to take control of ailing Thames Water from a cross-party group of MPs who are calling for ministers to break off talks with the US hedge funds who are effectively running the company. Adding their voices to demands that the prime minister takes public control of the company, which has debts of £20bn and is being controlled by a group of 100 hedge funds and distressed-debt investors, the MPs said in a report that ministers should consider emergency legislation to take control of its financial affairs to stabilise the company.
US close: Stocks rebound after Fed rate hike as bond yields ease, oil falls
US stocks finished with strong gains on Thursday in the aftermath of the Federal Reserve's first rate hike in three years, with markets bolstered by falling bond yields and oil prices.