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London close: Stocks finish weaker on renewed Covid fears
London stocks stayed below the waterline on Friday afternoon to close in the red, giving back the previous session’s gains as investors mulled over the latest reading on the UK services sector.
Weekly review
The FTSE 100 ended the week at 6,157. 30, which was two points lower than its close last Friday.
Victoria Oil files for arbitration with ENEO over non-payment
Victoria Oil & Gas updated the market on the gas sales agreement between its wholly-owned subsidiary Gaz du Cameroun (GDC), and ENEO Cameroon, on Friday, reporting its termination of the supply deal due to non-payment.
Covid crisis hinders UniVision recovery
CCTV and surveillance company UniVision updated the market on its trading for the year ended 31 March and the first quarter of the new financial year on Friday, following its reduced revenues and margin in the first half of the 2020 financial year.
Vela shares surge on adjusted holding in North Peak Resources
Vela Technologies updated the market on its holding of North Peak Resources on Friday, following North Peak’s change of business transaction.
Draper Esprit to cash in from Zynga purchase of Peak Games
Technology-focussed venture capital company Draper Esprit said on Friday that interactive entertainment giant Zynga has acquired Peak Games, the Istanbul-based creator of Toon Blast and Toy Blast, for a total price of about $1. 85bn.
Power Metal making progress at Kisinka project
Metals exploration and development company Power Metal Resources updated the market on its 70%-owned Kisinka Copper-Cobalt Project on Friday, which is located around 30 kilometres east of the regional capital of Lubumbashi, in the southern part of the Katangan copper belt in the Democratic Republic of the Congo.
Jadestone launches arbitration against Inpex subsidiary
Asia-Pacific focussed oil and gas production company Jadestone Energy has started arbitration proceedings against Teikoku Oil Con Son - a wholly-owned subsidiary of Inpex Corporation - over Jadestone's acquisition of an interest in Block 05-1 PSC, offshore Vietnam, it announced on Friday.
Former Concurrent Technologies chair retiring from board
Computer board designer and manufacturer Concurrent Technologies announced on Friday that its former chairman, Michael Collins, intends to retire as a director and from the board on 30 September.
Asia report: Markets finish higher as China services sector rebounds
Markets in Asia closed in the green on Friday, as investors digested some positive services data out of China, as well as a better-than-expected jobs report out of the US overnight.
Production falls but prices rise for Volga Gas in June
Russia-focussed oil and gas exploration and production company Volga Gas reported average production of 3,248 barrels of oil equivalent per day for June on Friday, which was 4% lower than in May.
Gresham House Energy acquires Bloxwich energy storage facility
Battery storage investor Gresham House Energy Storage Fund has acquired a 41MW operational energy storage facility, known as ‘Bloxwich’, from a group of investors led by Arenko Cleantech, in a deal worth at least £20. 1m.
Catenae inks pilot agreement with Botswana's Afrik-ID
Digital media and technology company Catenae Innovation has entered into a pilot agreement with Afrik-ID, to establish the commercial viability of its technology products in Botswana and across the Southern African Development Community (SADC).
Rank Group cash outflows to narrow with Mecca reopening
Gambling operator the Rank Group announced on Friday that it was expecting a reduction in its monthly cash outflow, to £7m from £10m, as it prepares to reopen its Mecca Bingo venues.
Land Securities to reinstate dividends, Rank preparing to reopen Mecca sites
London open The FTSE 100 is expected to open 14 points higher on Friday, having closed up 1. 34% at 6,240. 36 on Thursday.