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B&M sales up on DIY, gardening spree during Covid lockdown
B&M European Value Retail reported a rise in sales in the first eight weeks of the new fiscal year as locked-down Britons took advantage of the sunny weather to do home repairs and gardening during the coronavirus crisis.
UK confirms coronavirus jobs package to be scaled back by Oct
The UK government confirmed it was scaling back its coronavirus job retention scheme with businesses having to meet 20% of their wage bill for furloughed workers by October.
US close: Stocks end session mixed as Trump looks to strip Hong Kong of favoured status
Wall Street stocks turned in a mixed performance on Friday after Donald Trump said the White House was set to begin taking action to revoke Hong Kong's favoured trade status with the United States.
Europe close: Geopolitical tensions dent advance in stocks
Stocks were still trading on their back foot come midday, but had come off their worst levels, as financial markets girded themselves for a White House press conference scheduled for later in the evening.
London close: Stocks end lower as US-China concerns continue
London stocks closed firmly in the red on Friday, amid growing tensions between the US and China.
Week ahead: Global manufacturing, US non-farm payrolls in focus
The focus over the coming week will be on global manufacturing and the US jobs market.
Sinovac researchers 99% sure Covid-19 vaccine will be 'effective'
Scientists at Chinese biotechnology form Sinovac are 99% sure that their Covid-19 vaccine candidate will be effective.
Director dealings: Riverstone Energy director lowers stake
Riverstone Energy revealed on Friday that director David Leuschen had offloaded two million ordinary shares in the London-listed firm.
Broker tips: Boohoo, Provident Financial
Analysts at Liberum raised their target price on online fashion retailer Boohoo from 430. 0p to 490. 0p on Friday, arguing that its recently announced acquisition of the remaining 34% stake in Prettylittlething that it didn't already hold was a "very shrewd and positive move".
Sberbank launches physical commodities trading arm in Zug, Switzerland
Russia's largest lender has opened a commodities trading company in Switzerland focused on oil, base metals and bulk commodities.
Uber UK launches app to find workers other gig jobs
Uber UK has launched an app called Work Hub for its drivers to view other gig work opportunities in a move to help them supplement pandemic-hit ride-hailing earnings.
FTSE 250 movers: TUI travels lower; B&M rallies on update
London’s FTSE 250 was down 1. 5% at 17,085. 51 in afternoon trade on Friday.
US open: Stocks drop as investors await Trump's China press conference
Wall Street stocks recorded early losses at the bell on Friday as market participants awaited a news conference on US-China relations from Donald Trump.
Catenae signs deal with Newcastle Premier Health for Cov-ID app
Digital media and technology company Catenae Innovation has signed an agreement with Newcastle Premier Health (NPH), an occupational health and wellness business based in the north east of England, it announced on Friday.
US consumer confidence steady in May, but outlook clouded by Covid-19
Consumer confidence in the US steadied in May but uncertainty about the future course of the pandemic continued to cloud the outlook as did expectations for a sharp rise in prices, the results of one of the most closely-followed surveys revealed.
Liberum raises target price on Boohoo
Analysts at Liberum raised their target price on online fashion retailer Boohoo from 430. 0p to 490. 0p on Friday, arguing that its recently announced acquisition of the remaining 34% stake in Prettylittlething that it didn't already hold was a "very shrewd and positive move".
EU proposes €15bn fund to support strategic firms
The European Commission proposed setting up a €15bn fund to invest in strategic companies that have been especially affected by the coronavirus crisis.
FTSE 100 movers: Rolls-Royce retreats again; Ocado rallies
London’s FTSE 100 was down 1. 8% at 6,106. 84 in afternoon trade on Friday amid growing tensions between the US and China.
Smart Metering gearing up to resume non-essential work
Smart meter and carbon reduction asset installer and manager Smart Metering Systems announced its plans for a “phased and progressive” resumption of all non-essential field work from 1 June on Friday.