Week ahead: Nvidia results, Kevin Warsh speech among the highlights
Next week looks set to be fairly quiet in the UK as the summer lull well and truly kicks in before the August Bank Holiday weekend, but investors will have results from the likes of Nvidia to look forward to, along with a hotly-anticipated speech from new Federal Reserve chair Kevin Warsh.
London close: FTSE gains as miners shine
London stocks ended in the black on Friday, with miners lending a helping hand as investors digested a raft of UK data releases.
Europe close: Shares rally on EZ PMI, confidence data despite bond worries
European shares closed higher on Friday as upbeat eurozone sdata helped offset fears sparked by rising bond yields with investors sceptical about the US government’s ability to quell inflation.
Broker tips: Ashtead Technology, Drax
Analysts at Berenberg lowered their target price on subsea equipment rental provider Ashtead Technology from 700p to 650p on Friday, stating recent geopolitical volatility had impeded momentum.
US private sector growth hits four-year high as services surge
US business activity strengthened in August, with S&P Global's flash manufacturing, services and composite PMIs pointing to the fastest pace of private‑sector growth in more than four years.
US open: Stocks edge higher as yields steady, crude softens
Major indices were in the green early on Friday as steadier long‑dated Treasury yields and softer crude prices helped calm markets.
FTSE 100 movers: Miners rally, Smith & Nephew slumps again
London’s FTSE 100 was up 0. 3% at 10,781. 95 in afternoon trade on Friday.
Director dealings: KRM22 director snaps up shares
KRM22 revealed on Friday that executive director Keith Todd had acquired 350,000 ordinary shares in the AIM-listed technology and software investor.
Nvidia in talks to make investment in Cloverleaf Infrastructure - report
Nvidia is reportedly in advanced discussions to make an investment in Cloverleaf Infrastructure, a company that arranges power for data-centre projects.
JPMorgan resumes coverage on Drax with ‘overweight’ rating
JPMorgan resumed coverage on Drax on Friday with an ‘overweight’ rating following a period of restriction, with a 960p price target that implies 33% upside potential.
Gamma Communications in early takeover talks with PE firm Waterland
Telecoms provider Gamma Communications confirmed on Friday that it is in preliminary talks with private equity firm Waterland about a possible takeover that would involve telecoms services firm Giacom buying some of its business divisions.
US pre-open: Futures higher as yields steady, crude prices ease
Wall Street futures were in the green ahead of the open on Friday as steadier long‑dated Treasury yields and softer crude prices helped calm markets.
Europe midday: Shares up despite rising bond yields, inflation fears
European shares were up by midday on Friday despite bond yields heading north again with investors sceptical about the US government’s ability to quell inflation.
London midday: FTSE ekes out small gain as miners rally
London stocks were just a smidgen higher by midday on Friday, with miners providing a boost in an otherwise lacklustre session, as investors digested a raft of UK data releases.
Berenberg lowers target price on Ashtead Technology
Analysts at Berenberg lowered their target price on subsea equipment rental provider Ashtead Technology from 700p to 650p on Friday, stating recent geopolitical volatility had impeded momentum.
Shore Capital upgrades Domino’s Pizza to ‘buy’ after ‘reassuring’ H1 results
Shore Capital upgraded its stance on Domino’s Pizza on Friday to ‘buy’ from ‘hold’ as it said the company’s first-half results were reassuring, with good sales momentum, robust profit delivery and strong cash generation.
Asia report: Shares mixed on China stimulus talk, US bonds
Asian markets were mixed at the close on Friday, with China in focus as investors assessed fresh signals of fiscal support against a backdrop of persistent global bond‑market stress.
UK economy gains traction in August, underpinned by services sector
The UK economy gained traction in August, underpinned by growth in the services sector, according to a survey released on Friday.