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London stocks remained in the green on Friday afternoon to close in positive territory, despite ongoing concerns about a rise in new coronavirus cases and a gloomy economic forecast from ratings agency Moody’s.
The FTSE 100 ended the week down 61. 89 points at 6,095. 41.
Dispute financing specialist Litigation Capital Management updated the market on its recent trading on Friday, reporting “consistent performance” since its half-year results, which it said was reflected in its nine-year portfolio return on invested capital of 134%, and its cumulative portfolio internal rate of return of 78%.
Attraqt Group announced the appointment of Paul Tough as its chief product officer on Friday, with immediate effect.
SolGold updated the market on its regional exploration activities from its wholly-owned Rio Amarillo Project in northern Ecuador on Friday, reporting that four high-priority porphyry targets were now supported by “high quality” magnetic data.
Video game developer and publisher Codemasters announced the release of ‘F1 2020’ on Friday, on the Sony PlayStation 4, Microsoft Xbox One, and PC platforms and, for the first time, Google’s Stadia gaming platform.
Infrastructure company InfraStrata has raised a total of £9m before expenses through a placing of 2,571,428,683 existing shares, at a price of 0. 35p each, in two tranches with existing and new investors, it announced on Friday.
Dalata Hotel Group has agreed an amendment to its debt facilities agreement with its banking partners, it announced on Friday, providing “additional financial strength and flexibility” as it reopens all of its 44 hotels.
Markets in Asia fell across the board on Friday, as the ballooning Covid-19 pandemic continued to cause consternation among investors.
Russia-focussed producer Trans-Siberian Gold said on Friday that the development of vein 25 (V25) in the east zone of its operating Asacha Gold Mine was progressing well, reporting that the total volume of access development work for stripping completed to date was about 15,400 cubic metres.
Tanfield updated the market on its investment in aerial work platform company Snorkel International Holdings on Friday, reporting that its sales in the fourth quarter of 2019 were $51. 3m (£40. 76m) - up 7. 4% year-on-year.
Biopesticide and encapsulation technology company Eden Research announced the appointment of Dr Aoife Dillon to the role of head of biology on Friday.
Telecommunications investor Zegona announced on Friday that its investment Euskaltel has replaced its €215m (£192. 63m) amortising debt with a new €215m term loan, with no amortisation before December 2023.
Fuel cell and electric hybrid systems developer Proton Motor Power Systems announced on Friday that SFN Cleantech Investment has requested the conversion of part of the interest matured on loans provided, into 20,000,000 shares in Proton.
Aerospace and defence technology company Senior reported “robust” cash performance in the half-year ended 30 June on Friday, although it did warn that its revenue would be almost a third lower than the prior year.
London open The FTSE 100 is expected to open 44 points lower on Friday, having closed down 1. 73% at 6,049. 62 on Thursday.
London equity markets finished weaker on Thursday, with Rolls-Royce pacing the decline after a first-half trading update, while a firmer pound also weighed on stocks.
Angus Energy updated the market on progress made on its interests at Saltfleetby on Thursday, reporting that its wholly-owned subsidiary Angus Energy Weald Basin No. 3 has entered into a gas construction agreement with National Grid.
Biotechnology company Allergy Therapeutics announced the outcome of scientific advice from the German Regulatory Authority, the Paul Ehrlich Institute (PEI), over invalidation of the primary endpoint data of the Birch MATA MPL pivotal phase 3 clinical trial, or ‘B301’, on Thursday.
Advanced Medical Solutions Group updated the market on its trading on Thursday, reporting “significant progress” in a number of areas, despite the adverse impact of Covid-19.