Investing.com -- British stocks traded higher on Friday, extending their winning streak after a week marked by a major trade deal between the U.S. and China, which boosted sentiment across global markets.
The blue-chip index FTSE 100 rose 0.5% and the British pound fell about 0.4% against the dollar to 1.32260.
Meanwhile, DAX index in Germany rose and the CAC 40 in France both gained 0.4%.
Future falls as cautious FY25 outlook
Future PLC (LON:FUTR) shares tumbled more than 10% on Friday after the company issued a cautious forecast for the rest of its 2025 fiscal year, pointing to challenges from economic uncertainty and currency pressures.
The publisher reported a 3% year-over-year decline in revenue for the six months through March 2025, falling to £378.4 million from £391.5 million.
Citi lifts Tate & Lyle (OTC:TATYY) to Buy rating
Citi Research analysts on Friday upgraded Tate & Lyle PLC (LON:TATE) to Buy from Neutral, highlighting what they see as an appealing risk-reward profile and a disconnect between the company’s current valuation and its ongoing portfolio revamp.
The brokerage also lifted its price target to £6.70 from £6.10.
The stock climbed over 2%.
U.K. April inflation set to accelerate, says Deutsche Bank (ETR:DBKGn)
Deutsche Bank analysts on Friday anticipated a sharp uptick in the U.K.’s consumer price index (CPI) for April, forecasting an annual increase to 3.42%.
The bank also projected that core CPI, excluding food and energy, will accelerate to 3.72% year-on-year.
Everplay slumps after CEO exit
Everplay Group said on Friday that CEO Steve Bell has stepped down, with Frank Sagnier stepping in as Interim Executive Chair, effective immediately.
The company also said its performance for 2025 is tracking in line with market expectations.
Shares of the video game developer dropped more than 6% in morning trade.
Land Securities returns to profit
Land Securities Group PLC (LON:LAND) on Friday posted a return to full-year profitability for the period ending March 31, 2025.
The recovery was driven by steady demand and higher rental income from its London and key retail assets.
The British real estate investment trust (REIT) reported a pre-tax profit of £393 million, marking a turnaround from the £341 million loss recorded the previous year.
American Axle plans London listing
American Axle & Manufacturing (NYSE:AXL) announced plans for a secondary listing in London following its recent $1.4 billion acquisition of Dowlais Group Plc (LON:DWL), owner of GKN (LON:GKN) Automotive.
The firm, which is currently listed on the NYSE, sees the listing as a strategic step to expand its investor base post-acquisition.