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Europe open: Stocks slip ahead of Washington's response to Chinese moves in HK
Stocks were trading on the back foot at the end of the week as financial markets girded themselves for a press conference, scheduled for later in the evening, with the US President.
Johnson Service to raise £85m in placing to weather Covid disruption
Textile services provider Johnson Service Group said on Friday that it plans to raise around £85m in a placing to improve its liquidity position and strengthen its balance sheet amid disruption from the Covid-19 pandemic.
Eagle Eye Solutions ups guidance following contract extensions
Software-as-a-Service provider Eagle Eye Solutions upped its full-year guidance on Friday after inking contract extensions with both Sainsbury's and Asda.
Renewi sees €20m hit from Covid-19 in Q1
Renewi said first-quarter earnings would be as much as €20m lower than its had expected because of Covid-19 but that it could manage the reduction comfortably.
Nationwide profits slump as it takes £101m hit from Covid
Building society Nationwide posted a drop in full-year profit on Friday as it took a hit from coronavirus-related payment holidays.
Bonhill Group gets $1.1m under US Paycheck Protection Program
Business-to-business media and information company Bonhill Group announced on Friday that its wholly-owned US subsidiary has received loans totalling $1. 1m (£0. 89m) under the US Small Business Administration's ‘Paycheck Protection Program’, which is part of the Coronavirus Aid Relief and Economic Security (CARES) Act.
Simec Atlantis reaches 'planning milestone' on Uskmouth project
Simec Atlantis Energy announced the start of the 28-day pre-application consultation for the Uskmouth Power Station conversion project on Friday, which it described as “a planning milestone”.
Science Group tops up bank loan to maximum level of £17.5m
Science Group announced on Friday that it has finalised the top up of its bank loan, increasing the debt to the maximum level of £17. 5m, from £16m at 28 May.
Marlowe acquires employment law compliance firm Deminos Consulting
Specialist services group Marlowe has acquired subscription-based HR and employment law compliance firm Deminos Consulting.
Walcom still facing funding hole as it awaits CEO loan
Walcom Group updated shareholders on its current working capital position, on Friday, reporting that its chief executive officer Francis Chi had still been unable to provide the proposed loan of HKD 1. 23m £0. 13m) as intended.
Roche cheers latest data from phase 3 'Alecensa' study
Roche presented updated data from the pivotal phase 3 ‘ALEX’ study on Friday, showing an increased five-year survival rate with ‘Alecensa’, or alectinib, compared with crizotinib, in people living with anaplastic lymphoma kinase (ALK) positive non-small cell lung cancer (NSCLC).
Young & Co’s Brewery pulls interim dividend
Young & Co’s Brewery said on Friday that it was pulling its interim dividend as its pubs remain shut due to the coronavirus pandemic.
UK car production almost wiped out by Covid-19 in April
UK car production was almost wiped out by the Covid-19 shutdown in April as factories produced less than 200 cars, industry figures showed.
SIG to raise £150m backed by Clayton Dubilier & Rice
SIG said it would raise £150m to strengthen its finances with the backing of US private equity firm Clayton Dubilier & Rice.
London open: Stocks fall as jitters set in ahead of Trump conference
London stocks fell in early trade on Friday amid growing tensions between the US and China.
Syncona portfolio firm Achilles doses first patient in T cell therapy trial
Syncona announced on Friday that its portfolio company, Achilles Therapeutics, has dosed the first patient in a phase 1 and 2 clinical study of its clonal neoantigen T cell (cNeT) therapy, in patients with recurrent or metastatic malignant melanoma.
Eve Sleep revenues in line, hails 'good' trading in May
Mattress maker Eve Sleep said on Friday that revenue in the four months to the end of April was in line with expectations, while trading in May has been good following initial disruption from the coronavirus lockdown.
AstraZeneca upbeat on latest 'Tagrisso' trial results
AstraZeneca said on Friday that detailed results from the phase 3 ‘ADAURA’ trial showed that ‘Tagrisso’, or osimertinib, demonstrated a “statistically significant and clinically meaningful improvement” in disease-free survival in the adjuvant treatment of patients with early-stage epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC), after complete tumour resection with curative intent.
TR Property to draw on reserves to pay dividends
TR Property Investment Trust said earnings would fall this year but that it would be able to draw on reserves to pay its dividend during the Covid-19 crisis.
Flutter raises over £800m for expansion, B&M sales rise
London open The FTSE 100 is expected to open 69 points lower on Friday, having closed up 1. 21% at 6,218. 79 on Thursday.