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Europe midday: Markets mixed after weak Chinese GDP data
European stocks were mixed at lunchtime on Friday, as investors digested a slowdown in Chinese economic growth and shares in car manufacturers skidded into negative territory.
Asia report: Markets mostly lower on weaker-than-expected China data
Markets in Asia were mostly lower on Friday, as investor attention turned to China and the release of weaker-than-expected growth data from the country.
London midday: Investors sit on their hands ahead of Brexit deal vote
Stocks were continuing to trade around the unchanged mark come midday, reflecting investor caution ahead Saturday's key vote in Parliament on the Brexit deal that was agreed just the day before between the UK and the European Union.
Amphion confirms settlement of loan facility through sale of Polarean holding
Medical, life sciences and technology businesses developer Amphion Innovations announced on Friday that, further to the sale of its total holding of 15,972,523 shares in Polarean Imaging as announced on 11 October, the lender of the facility has subsequently confirmed that the total net proceeds arising from the sale were $2. 6m.
Galileo Resources raises £0.5m to advance projects in Zambia
Galileo Resources has completed a placing of 125 million placing units with institutional and retail investors, it announced on Friday, comprising 125 million ordinary shares at a price of 0. 4p, to raise £0. 5m before expenses.
Remote Monitored Systems raises £0.25m in placing
Survey, inspection and monitoring company Remote Monitored Systems announced the successful placing to raise £0. 25m on Friday, which it said would support the continuing growth of ‘GyroMetric’, the development of its new intelligence and security division, settlement with creditors and the group’s working capital requirements.
Elegant Hotels directors give thumbs-up to Marriott offer
Marriott International subsidiary International Hotel Licensing Company (IHLC) has reached an agreement with the board of Elegant Hotels Group on the terms of a recommended all-cash offer to be made by IHLC for the entire issued and to-be-issued ordinary share capital of Elegant, it was revealed on Friday.
Regional REIT buys portfolio of four offices for £27.7m
Regional REIT has exchanged contracts to acquire a portfolio of four office assets for a total consideration of £27. 7m from a UK institutional vendor, it announced on Friday, with completion expected by the end of October.
Hexagon Composites business wins hydrogen bus contract
Hexagon Composites on Friday reported that its Agility Fuel Solutions business has been awarded an order to supply two fuel storage systems for a new hydrogen bus model from CaetanoBus.
Chinese economy grows 6.0% in Q3, slowest pace since early 1990s
China released third-quarter GDP figures on Friday showing the economy grew at its slowest pace since the early 1990s as the trade war with the US took its toll.
Itaconix warns on revenue after tough year
Sustainable specialty polymers company Itaconix updated the market on its trading on Friday, reporting that revenues for the first three quarters of 2019 reached £0. 7m, representing a 78% increase over the same period in 2018 and matching full-year revenues then of £0. 7m.
Tough UK market to impact easyHotel earnings, board says
Super-budget hotel owner, developer and operator easyHotel updated the market on its trading for the year ended 30 September on Friday, reporting that despite the ongoing political and economic uncertainty facing the United Kingdom, its owned hotels had continued to outperform the UK hotel market on a like-for-like basis.
BoE's Ramsden continues to expect 'gradual but limited' interest rate hikes
Parliamentary approval of Prime Minister Boris Johnson's Brexit deal proposal would most likely pave the way for interest rate hikes, a top Bank of England policymaker said.
Wincanton considering combination with Eddie Stobart
Third-party logistics company Wincanton announced on Friday that it was currently undertaking a diligence exercise on Eddie Stobart and its assets, in order to enable it to assess the potential merits of a combination.
Roche gets expanded approval for 'Xofluza' in the US
Roche announced on Friday that the US Food and Drug Administration (FDA) has approved a supplemental New Drug Application (sNDA) for ‘Xofluza; (baloxavir marboxil), for the treatment of acute, uncomplicated influenza - or flu - in people 12 years of age and older, who have been symptomatic for no more than 48 hours and who are at high risk of developing flu-related complications.
Mattis hits back at Trump's insult saying he's 'the greatest overrated general'
America's former Defense Secretary, retired US Marines General James Mattis, hit back at Trump’s insults at a charity dinner in New York on Thursday saying he’s not just “an overrated general”, but that he’s “the most overrated general”.
Consort Medical signs VapourSoft agreement with Regeneron
Consort Medical on Friday entered into a development agreement to incorporate its VapourSoft technology into a drug delivery device in partnership with Regeneron Pharmaceuticals.
TP ICAP risk committee chairman to step down
TP ICAP on Friday announced that risk committee chairman David Shalders will step down from the board at the end of the month after joining the London Stock Exchange Group.
Europe open: Markets lower as Chinese GDP misses expectations
European stocks dropped on Friday morning, as investors digested a slowdown in Chinese economic growth and shares in car manufacturers skidded lower.
London open: Investors tread cautiously ahead of Saturday vote in Parliament
Stocks were little changed in early trading on Friday although currency markets appeared to be reflecting investor caution ahead Saturday's key vote in Parliament on the Brexit deal that was agreed just the day before between the UK and the European Union.