WPP on Friday confirmed it planned to sell 60% of its Kantar market-research business to US private equity company Bain Capital, valuing it at $4bn (£3. 19bn).
Cloud networking and cybersecurity services provider Sophos Group updated the market on its trading in the first quarter on Friday, reporting a 3% improvement on revenue year-on-year to $180. 2m, or 7% at constant currency.
Sales, marketing and support group DCC reiterated guidance for the full year on Friday as it reported “good growth” in first quarter group operating profit, driven by acquisitions completed in the prior year.
AstraZeneca announced on Friday that the US Food and Drug Administration (FDA) has granted ‘Orphan Drug Designation’ (ODD) to ‘Imfinzi’ (durvalumab), for the treatment of small cell lung cancer (SCLC).
Britain is on course for another trade showdown with President Trump after deciding to forge ahead with a special tax on Amazon, Google and other big technology companies. The Treasury said yesterday that it will introduce a 2 per cent digital sales tax on revenues derived from UK users by big social media platforms, search engines and online marketplaces. - The Times.
Market live The FTSE 100 is expected to open 13 points higher on Friday, having closed down 0. 28% at 1,509. 82 on Thursday.
Stocks are seen starting the session higher on the back of a record close overnight on the Dow Jones Industrials and continued hopes of looser central bank policies.
Wall Street ended a bumper session with a bang on Thursday, with the Dow hitting a record high a day after Federal Reserve chairman Jerome Powell suggested the central bank was open to easing monetary policy in the near future.