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President Energy sees decent uptick in Argentina reserves
South America-focussed upstream oil and gas company President Energy announced its new independently certified hydrocarbon reserves report on its assets in Argentina on Friday, reporting that as at 31 December its net 1P and 2P reserves in the Neuquén Basin increased over the previous year by 82% and 41% respectively, to 8. 1MMboe and 11. 4MMboe.
UK retail sales bounce as consumers shrug off Brexit worries
UK shop sales jumped more than expected last month, as households engaged in a bit of retail therapy in the face of the political and economic uncertainty.
Patisserie Holdings sells Baker & Spice for £2.5m
Patisserie Holdings - the parent company of Patisserie Valerie - has sold its deli and bakery chain, Baker & Spice, to the Department of Coffee & Social Affairs for £2. 5m.
Crypto volatility forces Argo Blockchain to terminate mining contracts
Cryptocurrency mining service provider Argo Blockchain announced a refocus of its business strategy on Friday, in light of what it described as “continuing difficult trading conditions” in the cryptocurrency market, as digital currencies faced “severe” price pressure and volatility.
Global Petroleum reassures shareholders over Italy hydrocarbons review
Global Petroleum updated shareholders on Friday, following the Italian government’s proposed suspension of all hydrocarbon exploration activities, including permit applications , for a period of 18 months.
Adept4's 'challenging' year sees losses widen as revenues stutter
Adept4 shares dipped on Friday after the company reported a widened loss on the back of reduced revenue, increased cost of sales and administrative expenses.
Angus Energy raises £2.2m in placing
Angus Energy has placed, subject to admission to trading on AIM, 55 million new ordinary shares with existing, new and institutional shareholders at a price of 4p per share, it announced on Friday, to raise gross proceeds of £2. 2m.
Focus on portfolio pays off for Segro in 2018
Segro released a “strong” set of results for the year ended 31 December on Friday, reporting a 24. 4% improvement in adjusted pre-tax profit to £241. 5m, which it said reflected its development success and its focus on customer and portfolio management.
London open: Stocks steady ahead of retail sales data; RBS gains after results
London stocks were steady in early trade on Friday as investors mulled the Commons' rejection of Theresa May's latest Brexit deal and eyed the release of UK retail sales data.
Friday newspaper round-up: Backstop, Plus500, Interserve, Amazon UK
Britain will soften its demand that the EU reopen the Brexit withdrawal agreement to solve the Irish backstop issue. The Brexit secretary Stephen Barclay suggested to the EU’s chief negotiator Michel Barnier during talks this week that the government could accept legal guarantees that fell short of renegotiating the draft withdrawal treaty. - The Times .
Eddie Stobart names Kang as next CFO
Transport and logistics outfit Eddie Stobart tapped Anoop Kang to replace Damien Harte as chief financial officer on Friday.
Millennium Hotels says Brexit causing recruitment problems
Hotel group Millennium & Copthorne said Brexit was impacting its ability to hire European Union nationals as full year profits fell 28% to £106m.
London pre-open: Stocks seen down after May's defeat, ahead of retail sales
London stocks looked set to edge lower at the open on Friday as investors mulled the Commons' rejection of Theresa May's latest Brexit deal and eyed the latest release of UK retail sales data.
Segro releases decent set of results, profits double at RBS
London open The FTSE 100 is expected to open 28 points lower on Friday, having closed up 0. 09% at 7,197. 01 on Thursday.
Mondi sees FY earnings higher than 2017
Paper and packaging giant Mondi said it expected full year underlying earnings before interest, tax, depreciation and amortisation to be higher than 2017's €1. 482bn.
US close: Stocks mixed amid retail sales disappointment
US stocks were mixed at the closing bell on Thursday, as optimism about Sino-US trade talks was offset by the largest retail sales drop in almost a decade.