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Asia report: Markets mixed as investors digest China data
Markets in Asia finished mixed on Friday, as investors digested fresh industrial production data from China, and continued to monitor the global situation regarding the Covid-19 coronavirus pandemic.
DiscoverIE ends year in stronger-than-expected position
Customised electronics company DiscoverIE Group updated the market on the year ended 31 March on Friday, reporting that trading in China at the end of the final quarter was stronger than expected, with a more rapid recovery there following the reopening of its facilities after the peak of the Covid-19 coronavirus outbreak.
D4T4 launches major upgrade to 'Celebrus' product
Data solutions company D4T4 Solutions announced the launch of ‘Celebrus version 9. 2’ on Friday, with newly-embedded machine learning and natural language processing capabilities.
TRIG quits delayed Swedish wind farm with no loss
The Renewables Infrastructure Group (TRIG) said it had pulled out of a delayed wind farm project in Sweden with no financial loss.
Sumo Group acquires game studio Lab42
Video games and entertainment creative and development services provider Sumo Group has acquired Lab42, a cross-platform work-for-hire studio which provides co-development and full game development services, for $0. 6m (£0. 49m) in cash.
ITM Power launches Motive division, hires managing director
Energy storage and clean fuel company ITM Power announced the appointment of Duncan Yellen as the managing director of its ITM Motive division on Friday, which is responsible for the UK build, own and operate portfolio of hydrogen refueling stations.
Boohoo raises just under £200m for M&A
Fast fashion retailer Boohoo said on Friday that it has raised just under £200m in a placing as it looks to take advantage of M&A opportunities.
London open: Stocks rise after better-than-expected China factory data
London stocks rose in early trade on Friday, recovering from heavy losses in the previous session as investors welcomed a rebound in Chinese industrial production.
William Hill bets on H2 shop openings as revenues slump 57%
Bookmaker William Hill said it was planning a phased re-opening of its UK betting shops in the second half as it reported a slump in sales during the coronavirus crisis.
Petrofac cuts more costs as Covid-19 delays projects
Petrofac announced further cost cuts to help offset delays to projects caused by the Covid-19 crisis and depressed oil prices.
Peter Duffy announced as new Moneysupermarket CEO
Moneysupermarket. com Group announced the appointment of Peter Duffy as its new chief executive officer on Friday, succeeding Mark Lewis who, as announced in February, is stepping down as CEO.
Signature Aviation flight activity slumps 77% in April
Signature Aviation - formerly BBA Aviation - reported a slump in April flying activity on Friday amid the coronavirus lockdown but said there had been an improvement in May.
ContourGlobal backs earnings guidance; seeing 'minimal' impact from Covid
ContourGlobal, which owns and operates contracted wholesale power generation businesses, backed its 2020 guidance on Friday as it posted a rise in earnings thanks to its thermal division and said it was seeing only 'minimal' impact from Covid-19.
National Express posts positive earnings despite revenue drop
National Express said revenue halved in April but that earnings and cash flow were better than expectations.
William Hill revenues down by more than half, business picks up for Computacenter
London open The FTSE 100 is expected to open 49 points higher on Friday, having closed down 2. 75% at 5,741. 54 on Thursday.
London pre-open: Stocks to rise as investors digest China data
London stocks were set to rise at the open on Friday following heavy losses in the previous session as investors digest a slew of Chinese data releases.
Friday newspaper round-up: TfL, Nissan, BT Openreach
The government has said London transport fares will have to rise, as it reached an agreement over a £1. 6bn bailout with Transport for London. TfL will receive £1. 1bn as a cash grant plus another £505m in loans, according to reports on Thursday night. In return, TfL will carry out a review of its finances and have government officials on its board. – Guardian.
Computacenter trading surges as people work from home
Computacenter said business had improved further since late April and that the first half of 2020 would be well ahead of the same period a year earlier.