Latest News
US Commerce Department blocks Huawei's access to foreign chip suppliers
America's Department of Commerce on Friday closed a loophole that it said had allowed Huawei to continue employing US technologies through companies not on its national security blacklist.
US retail sales crater again in April
US retail sales collapsed last month as lockdowns to brake the Covid-19 pandemic's advance across the country kept consumers indoors and Americas kept their wallets shut even as many were forced to join unemployment queues.
Avacta discovers potential Covid-19 therapy
Biotherapeutics group Avacta revealed on Friday that several of its Affimer reagents had been shown to block the interaction between the coronavirus' spike protein and ACE2, a receptor on human cells that is key to the virus infection pathway.
Evgen Pharma in talks about funding for Covid-19 clinical trial
AIM-listed Evgen Pharma said on Friday that it is in talks with a potential source of funds that would help pay for a clinical trial in Covid-19 patients, in which it would provide support with its lead product, SFX-01.
German GDP contracts 2.2% in first quarter
German GDP contracted 2. 2% quarter-on-quarter in the first three months of the year, falling into a recession in line with expectations as the coronavirus outbreak and measures to slow its spread took their toll.
Gresham House's AUM continues to grow amid pandemic
Asset manager Gresham House said on Friday that assets under management had continued to grow year-to-date, helping the group trade in line with expectations.
US pre-open: Futures point to losses ahead of retail sales data
US futures had stocks opening lower on Friday as market participants awaited the release of April's retail sales data.
Europe midday: Stocks edge higher despite poor data, geopolitical tensions
Stocks are trading slightly at the end of a bruising week with selling in shares abating despite another raft of poor-to-mixed economic data around the globe and ongoing tensions between Washington and Beijing.
Royal Mail CEO in shock departure as Covid-19 hits April revenue
Royal Mail chief executive Rico Back inexplicably quit on Friday after less than two years in the top job as the company reported a £22m fall in April revenues due to the Covid-19 crisis.
Sunrise releases CS Pozzolan-Perlite Project assessment for public comment
Sunrise Resources said on Friday that the environmental assessment and supplemental environmental reports for its CS Pozzolan-Perlite Project in Nevada have now been released for public comment.
Ormonde Mining restricted to desk work amid pandemic
Ormonde Mining updated the market on its operations on Friday, reporting that while the global Covid-19 pandemic was ongoing and non-essential travel ceased, only desk-study work would be ongoing on its Spanish projects.
Roche gets CE-mark for v-TAC blood diagnostic product
Roche announced the CE-mark availability of ‘Roche v-TAC’ - a new digital diagnostic solution - on Friday.
Eurozone GDP shrinks by record 3.8% in first quarter
The eurozone economy shrank by a record 3. 8% in the first quarter as Covid-19 lockdowns caused activity to grind to a near halt.
London midday: Stocks maintain gains as miners rally on China data
London stocks were off highs but still in the black by midday on Friday as miners were boosted by better-than-expected Chinese industrial production figures.
Apax Global NAV return declines amid Covid-19 disruptions
Investment firm Apax Global said on Friday that its net asset value return had declined in the first quarter of 2020 as a result of Covid-19's "material impact" on the economy.
EKF Diagnostics raises guidance following $9.4m sample kit order
Point-of-care business EKF Diagnostics expects to beat full-year forecasts after receiving roughly $9. 4m in new orders for sample collection devices.
Burford loses court case seeking trading data from LSE
The High Court has turned down Burford Capital's attempt to force the London Stock Exchange to hand over trading data to support its claim that its share price was manipulated.
Ryanair axes more than 250 jobs amid Covid-19 crisis
Budget airline Ryanair said it had axed more than 250 office jobs across four countries and said it would advise on more job and pay cuts by the end of the month as it dealt with the impact of the coronavirus pandemic.
Woodford protege Mark Barnett leaves Invesco
Mark Barnett has left Invesco after poor stock selection led the Neil Woodford protege to be dismissed from two big fund management mandates.
Keywords Studios raises £100m for acquisitions
Keywords Studios said on Friday that it has raised around £100m in a placing to take advantage of acquisition opportunities.