Market Report
US open: Stocks higher as tech rebounds after OpenAI‑driven AI pullback
Major indices were in the green early on Friday, with tech leading a modest rebound after the previous session's pullback triggered by a disappointing revenue update from OpenAI.
Deutsche Bank hikes Tesco price target after results
Deutsche Bank lifted its price target on Tesco to 550p from 525p on Friday after the supermarket chain upped the lower end of annual guidance and its share buyback programme a day earlier, as it posted a rise in interim profits.
Berenberg lowers target price on Unite Group
Analysts at Berenberg lowered their target price on Unite Group from 668p to 634p on Friday, flagging ongoing pressure from falling asset values despite solid operational performance.
US pre-open: Stocks set for rebound as tech leads futures higher after OpenAI‑driven pullback
Wall Street futures were in the green ahead of the opening bell on Friday, with tech leading a modest rebound after the previous session's pullback triggered by a disappointing revenue update from OpenAI.
London midday: FTSE maintains gains as oil prices ease; telecoms buck trend
London stocks were still firmly in the black by midday on Friday as oil prices eased after Donald Trump said the US would not attack Iran before the midterm elections next month, and as investors shrugged off a disappointing revenue outlook from OpenAI.
Europe midday: Shares hold gains as oil falls; SpaceX plans hit telecoms
European shares rallied on Friday as oil prices fell on a pledge from US President Donald Trump to bomb Iran before American midterm elections on November 3.
Asia report: Stocks mixed as AI shares fall, oil prices retreat
Asian stock markets were mixed on Friday, with subdued finishes in Tokyo, Singapore and Shanghai and strong gains in Hong Kong and Mumbai.
Motorpoint delivers sharp H1 profit growth on higher volumes, record metal margins
Automotive retailer Motorpoint said on Friday that trading had strengthened in the first half, with strategic investments in technology and new store growth driving a sharp improvement in profitability.
SIG CFO Simon Kesterton to succeed Pim Vervaat as chief executive
SIG said on Friday that chief financial officer Simon Kesterton will succeed Pim Vervaat as chief executive with effect from 1 May 2027.
DCC Energy to sell technology division to One Equity Partners
DCC Energy has agreed to sell its technology division, Nexora, to funds managed by One Equity Partners in a deal valuing the business at $725m on a cash‑ and debt‑free basis.
London open: FTSE rallies as oil prices ease
London stocks rose in early trade on Friday as oil prices eased after Donald Trump said the US would not attack Iran before the midterm elections next month, and as investors shrugged off a disappointing revenue outlook from OpenAI.
Europe open: Shares rally, oil falls on Trump pledge not to hit Iran before midterms
European shares rallied on Friday as oil prices fell on a pledge from US President Donald Trump to bomb Iran before American midterm elections on November 3.
DCC Energy to sell technology division, SSP like-for-like sales up 4pc in Q4
LONDON PRE-OPEN The FTSE 100 was expected to open 92. 6 points higher on Friday, after ending Thursday's session unchanged at 10,441. 60.
London pre-open: Stocks to gain as oil prices ease
London stocks were set to rise at the open on Friday as oil prices eased after Donald Trump said the US would not attack Iran before the midterm elections next month.
Friday newspaper round-up: Goldman Sachs bonuses, TalkTalk, credit card defaults
Top bosses at Goldman Sachs are in line to share a bonus pot worth up to $500m (£378m) this year, marking one of the biggest payouts in the Wall Street bank’s history. The eye-watering sum will be shared between 20 bankers, with its chief executive, David Solomon, due to take about $100m (£75. 6m) of the reward, which is made up of Goldman Sachs stock. That is more than double the value of the record $47m (£35. 5m) annual pay packet he was granted last year.
US close: Falling AI stocks weigh on S&P 500, Nasdaq
The S&P 500 and Nasdaq retreated further from their recent highs on Thursday as a surge in oil prices hammered risk appetite in the AI sector, while the Dow eeked higher as defensive stocks rose.