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Friday broker round-up
Workspace Group: Deutsche Bank downgrades to hold with a target price of 1,300p.
London midday: Stocks little changed amid mixed news on China coronavirus
Stocks were little changed come midday, having started the morning lower, despite another increase in coronavirus cases in South Korea and data showing that companies across the UK and the Continent were facing increasing difficulties in keeping their supply chains properly stocked with inputs.
US pre-open: Futures point to further losses as coronavirus cases top 75,000
US futures had stocks opening lower on Friday as new cases of the Wuhan coronavirus accelerated overnight, adding to fears that a pronounced global economic slowdown was on the horizon.
Two Shields shares up as investee BrandShield launches election product
Technology-focussed investment company Two Shields Investments noted an announcement from its investee company BrandShield on Friday, regarding the launch of its ‘ElectionShield’ product.
UK govt to ban sales of house coal, wet wood to cut pollution
The sale of bags of coal and wet wood for domestic fires will be banned in England from February next year, the government said on Friday.
MaxCyte to consolidate stock to single trading line
Life sciences company MaxCyte announced the consolidation of its two lines of common stock into a single unrestricted line of common stock on Friday.
Bagir upbeat on outlook as it decides to sue Shandong Ruyi
Tailoring company Bagir confirmed on Friday that it has decided to take legal action against the Shandong Ruyi Group, alleging breach of contract.
Full steam ahead as Hornby raises £15m to 'reinvigorate' brands
Model train maker Hornby said it had raised £15m through a share placing as it sought to “reinvigorate” its iconic product range.
Asia report: Markets mixed as Beijing talks up return to work
Markets finished mixed in Asia on Friday as concerns around the ongoing coronavirus outbreak continued, although stocks in mainland China rose on the back of positive words from Beijing.
Shore Capital downgrades Intertek to 'sell'
Analysts at Shore Capital Markets downgraded British testing and assurance firm Intertek from 'hold' to 'sell' on Friday, stating it now anticipated a "slightly negative" earnings performance for 2020.
Manufacturing supports UK output but coronavirus disrupts
Manufacturing production grew at its strongest pace for 10 months in February to keep the economy expanding at a steady pace but businesses reported disruption from the coronavirus, a benchmark survey showed.
Europe open: Stocks dip as South Korean coronavirus cases rise
Stocks were lower across the board at the end of the week, following an increase in the number of COVID-19 cases in South Korea, even as the latest economic data underscored the disruptions to the global economy resulting from the coronavirus.
CWU rejects Royal Mail pay offer as national strike looms
A national strike by postal workers looked an increasing possibility after a pay offer from Royal Mail was dismissed by the Communication Workers Union (CWU).
Ariana Resources reports 'superb' year at Kiziltepe
Europe-focussed exploration and development company Ariana Resources announced its operating results for the quarter ended 31 December for the Kiziltepe Mine in Turkey on Friday, reporting gross income of $45. 1m from production of 27,985 ounces of gold.
Victoria Oil 'vigorously' defending claims raised by partner RSM
Victoria Oil & Gas updated the market on the arbitration between its wholly-owned subsidiary Gaz du Cameroun (GDC) and RSM Production Corporation - GDC's partner in the Logbaba concession with an 38% non-operated interest - on Friday.
Airlines to take major hit from coronavirus outbreak, says IATA
The ongoing outbreak of the Covid-19 coronavirus will see the first fall in air travel in more than 10 years, according to the International Air Transport Association (IATA).
Pearson says profit will fall in 2020
Pearson said it expected profit to fall in 2020 after the education publisher posted a 6% increase in profit for 2019.
Odey steps up push for improved Sirius offer
Odey Asset Management has reinforced its push for Anglo American to bid more for Sirius Minerals by converting its derivative position in Sirius into shares.
Adept Technology looks to raise £4m via placing and subscription
IT managed services firm Adept Technology proposed placing and subscription on Friday as part of an effort to raise gross proceeds of up to £4. 0m.
London open: Stocks off to volatile start as coronavirus cases rise in South Korea
Stocks have started the morning lower, tracking a dip for shares on Wall Street overnight and as investors try to make sense of the latest news on the Chinese coronavirus and its impact on the global economy.