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RedT confirms board changes ahead of merger with Avalon Battery
Energy storage technology company RedT Energy updated the market on the proposed merger with Avalon Battery Corporation on Friday.
Kier Group trading in line as it focuses on strategy
Kier Group said it was trading in line with its expectations in an update on Friday, reporting that since 30 June, it had been awarded around £1bn of new contracts and been appointed to a number of frameworks, including the £30bn ‘Construction Works and Associated Services’ framework for the Crown Commercial Service.
London midday: Stocks reverse early gains despite US-China trade war hopes
Stocks in London were trading lower at the end of the week, reversing early gains, even after a top White House official told reporters that a US-China trade deal was "near", assuaging some investors' concerns of a potential 'false dawn' in negotiations.
Europe midday: Markets mixed after Kudlow sparks trade optimism
European stocks were mixed at lunchtime on Friday, reversing early gains as another spate of optimism for an initial US-China trade deal was muddied by corporate news.
TalkTalk 'delays' FibreNation sale after Labour broadband pledge
UK telecoms group TalkTalk said discussions on the sale of its FibreNation business were “ongoing” a day after the opposition Labour Party made a general election pledge to provide broadband services to all.
BT shares slip amid Labour nationalisation plans
Shares of BT Group dropped on Friday after the Labour Party pledged to partially nationalise the company as part of plans to provide all homes and businesses with free full-fibre broadband by 2030.
Dunedin Enterprise reports decent rise in NAV per share
Dunedin Enterprise Investment Trust reported an unaudited net asset value per share at the end of its third quarter of 427. 9p on Friday, representing a total return per share of 6. 7% during the period, compared to the net asset value per share of 400. 9p at the end of June.
Amazon to appeal Pentagon decision to award Microsoft $10bn contract
Amazon will appeal the Trump administration’s decision to grant a $10. 0bn defence contract for the Pentagon to rival Microsoft and has accused the government of showing “unmistakable bias”.
US pre-open: Stocks set for slight gains ahead of barrage of economic data
Stocks on Wall Street are being called to start the Friday session with small gains following upbeat remarks from a top White House official.
Metals Exploration exceeds mining and processing budgets in third quarter
Natural resources exploration and development company Metals Exploration updated the market on operations at the Runruno gold project in the Philippines for the latest quarter on Friday.
ShoreCap stays at 'buy' on AstraZeneca after EU approves Qtrilmet
Analysts at ShoreCap reiterated their 'buy' recommendation on shares of AstraZeneca following news that Brussels had approved its Qtrilmet treatment for controlling blood sugar levels in patients suffering from Type-2 diabetes.
888 Holdings defends reappointment of long-serving chairman
888 Holdings on Friday defended the reappointment of Brian Mattingley as non-executive chairman after 21% of its shareholders voted against his re-election back in May.
Cannacord cuts Weir Group target due to extended weakness in oil and gas sector
Analysts at Cannacord Genuity cut their target price on shares of Weir Group to reflect to reflect a now more sombre outlook for only a "modest recovery over an extended period" in the company's oil and gas operations.
BT wins exclusive UEFA broadcasting rights to 2024
BT on Friday said it had won exclusive rights to broadcast all matches of the UEFA Champions League, Europa League and new Europa Conference League until 2024.
Europe open: Markets rise after Kudlow's Sino-US trade optimism
European stocks were higher on Friday morning, as comments from a senior official in Washington indicated that China and the US are close to wrapping up an initial trade deal.
London open: Stocks start higher on US-China trade hopes
London-listed stocks edged higher at the end of the week after a top White House official told reporters that a US-China trade deal was "near", assuaging investors' concerns of a potential 'false dawn' in negotiations.
US-China trade talks near successful conclusion, White House's Kudlow says
Trade talks between Washington and Beijing are nearing a successful conclusion and are now ongoing on a daily basis, the White House's top economic official said.
Future doubles dividend after profit surges
Future reported that its full-year profits almost tripled on the back of a leap in revenue on Friday, as the company hiked its final dividend.
Rio Tinto backs up rehab of Australia's Ranger Project area
Rio Tinto said on Friday that it will support Energy Resources of Australia’s (ERA) plans for a renounceable entitlement offer to raise $324m for the rehabilitation of the Ranger Project Area in Australia's Northern Territory.
AstraZeneca gets EC approval for type-2 diabetes treatment
AstraZeneca announced on Friday that the European Commission has approved ‘Qtrilmet’ - metformin hydrochloride, saxagliptin and dapagliflozin - modified-release tablets to improve glycaemic control in adults with type-2 diabetes.