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Debenhams cuts hundreds of head office jobs - report
Debenhams has cut hundreds of head office jobs as it reduces its admin operations for a smaller business, according to report.
Tandem warns of weakened order book amid Covid-19 lockdowns
Sports and mobility equipment retailer Tandem Group warned on Thursday that the Covid-19 pandemic had led to a decline in its overall order book.
Zanaga completes concept study for floating port facility
Zanaga Iron Ore Company updated the market on the Zanaga iron ore project on Thursday, reporting that for the floating offshore port facility, a concept study had been completed on the viability of a floating dewatering, storage and offloading port facility (FDSO).
AFC Energy on track for 2022 release of fuel cell platform
Hydrogen power generation company AFC Energy updated the market on its new, high power density fuel cell system ‘HydroX-Cell(S)’ on Thursday, reporting that new heavy motive applications including shipping and rail were demonstrating “strong interest” in the technology platform.
Costain completes £100m fundraising
Costain has completed a £100m fundraising to strengthen its balance sheet and take up growth opportunities.
London midday: Stocks up but Asia-focused StanChart, HSBC retreat
London stocks were still in the black by midday on Thursday as optimism over lockdown easing helped to offset concerns about unrest in Hong Kong and a deterioration in Sino-US relations.
Travel firms slam UK govt plans for Covid quarantine
More than 75 travel industry firms have called on the UK government to scrap plans to force visitors to forcibly quarantine visitors on arrival.
Asia report: Markets mixed amid ongoing US-China tensions
Markets in Asia finished mixed on Thursday, with Japan’s benchmark rising more than 2%, as tensions between the US and China remained in focus for investors.
N4 Pharma completes first stage proof of concept work for Nuvec
Pharmaceutical group N4 Pharma has completed the first phase of Covid-19 proof of concept work for Nuvec, the group's novel delivery system for cancer treatments and vaccines.
DMGT to review dividends after making interim payment
Daily Mail & General Trust said it would review future dividends based on trading and the economy after increasing its interim payout.
Eurozone economic sentiment ticks higher in May
Eurozone economic sentiment ticked higher in May, according to figures released by the European Commission on Thursday.
IWG raises £320m for post-Covid expansion
IWG has raised £320m by selling shares to investors to give the company funds for expansion following the Covid-19 crisis.
Berenberg downgrades Signature Aviation to 'sell'
Berenberg downgraded Signature Aviation - formerly BBA Aviation - to ‘sell’ from ‘hold’ on Thursday as it said the stock’s re-rating has been too aggressive.
PureTech to advance LYT-100 as potential Covid treatment
PureTech Health announced plans on Thursday to advance its wholly-owned clinical-stage product candidate ‘LYT-100’, or deupirfenidone, as a potential treatment for serious respiratory complications, including inflammation and fibrosis, that persist following the resolution of Covid-19 infection.
EasyJet to cut 4,500 jobs and shrink fleet
EasyJet plans to cut about 4,500 jobs as the airline prepares to restart flying with a smaller fleet and reduced demand as a result of the Covid-19 crisis.
Primary Health Properties to build primary care centre in Ireland
Healthcare facilities investor Primary Health Properties said it would spend €18m to develop and buy a purpose-built care centre in Arklow, Ireland.
China votes for Hong Kong security law as US tensions rise
China's parliament has voted overwhelmingly to impose a national security law on Hong Kong in a move that has unnerved markets and threatens to increase tensions between Beijing and the US.
Rolls-Royce slumps as AKO Capital offloads 96.7m shares
Rolls-Royce shares slumped on Thursday after AKO Capital sold 96. 7m shares in the aerospace and defence giant.
London open: Stocks edge higher but Hong Kong tensions weigh
London stocks edged higher in early trade on Thursday as optimism over lockdown easing was tempered by growing tensions in Hong Kong.
ContourGlobal chairman says shares undervalued
ContourGlobal's chairman said the company's shares were undervalued as he stuck to the company's target of a 10% increase in the annual dividend.