Latest News
Euro area GDP collapses at record rate in second quarter 2020
Euro area gross domestic product recorded a contraction 12. 1% over the second quarter.
Intertek H1 profit falls; enters PPE partnership with BEXIMCO
Inspection, product testing and certification company Intertek reported a decline in first-half profit on Friday due to the Covid-19 pandemic, as it announced an exclusive partnership with Bangladeshi textile and garment company BEXIMCO to meet the growing demand for PPE.
Octopus Renewables acquiring France solar portfolio
Octopus Renewables Infrastructure Trust has signed a share purchase agreement for the acquisition of a 100% interest in a portfolio of operational solar photovoltaic assets across France, it announced on Friday, for cash consideration of €58. 9m (£53. 4m).
Kerry Group profits fall due to lockdown
Kerry Group posted a drop in interim profit and revenue on Friday as the coronavirus pandemic and subsequent lockdown measures took their toll on the Irish food company.
Facebook claims new Apple iOS could hurt ad targeting
Facebook Chief Financial Officer David Wehner said on Thursday that the Apple iOS 14 system could hurt the way the social media network targets ads to users.
Marlowe acquires two new businesses
Specialist services group Marlowe acquired two new business on Friday for a combined consideration of £580,000.
YouGov trades in line despite recent 'economic uncertainty'
Data and analytics group YouGov said on Friday that it had traded in line with full-year expectations despite the "economic uncertainty" seen over the last few months as a result of the Covid-19 pandemic.
Europe open: Gains in Tech put wind in stock markets' sails, euro cracks 1.19
Stocks across the Continent are bouncing back, helped by a fair wind from across the Atlantic and despite a raft of dire readings on three of the single currency bloc's largest economies.
Goldplat enters deal to offload Kenyan underground operation
Goldplat announced the signing of a binding term sheet between its subsidiary Gold Mineral Resources (GMR) and Mayflower Capital Investments on Friday, for the sale of Kilimapesa Gold, which owns the assets and licences of the company’s Kenyan underground mining operation.
BT first-quarter profit dented by Covid-19
BT posted a decline in first-quarter profit on Friday as the coronavirus pandemic weighed on revenues.
London open: Stocks rise after solid US tech results; IAG slides
London stocks rose in early trade on Friday, underpinned by solid results from US tech giants, although worries about the coronavirus pandemic continued to weigh on investors’ minds.
Spain enters recession as GDP plummets 18.5%
Spain posted a record fall in GDP in the second quarter, plunging a worse-than-expected 18. 5% and sending the country into a deep recession, data from the National Statistics Institute showed on Friday.
Volution cancels dividends as markets begin to recover
Ventilation company Volution Group said on Friday that full-year group revenues would be about 7% lower on a constant currency basis at £217m, with organic revenue down 11% year-on-year, as it confirmed the cancellation of its interim and final dividends for 2020.
Oxford Biomedica signs supply deal with Axovant Gene Therapies
Gene and cell therapy company Oxford Biomedica has signed a three-year clinical supply agreement with a wholly-owned subsidiary of Axovant Gene Therapies, it announced on Friday.
Babcock finance director Martinelli to retire
Babcock said on Friday that finance director Franco Martinelli plans to retire after 18 years at the aerospace and defence company.
Law Debenture maintaining dividend despite NAV performance
The Law Debenture Corporation confirmed on Friday that its 2020 dividend would be at least equal to the 2019 level of 26p per share, making for a dividend yield of 5%, as its net asset value total return slid 16. 5%.
Glencore lifts earnings guidance after 'very strong' marketing performance
Glencore reported a 15% decline in coal production in its first half on Friday to 58. 1 million tonnes, which it put down to the Covid-19 related asset suspensions in Colombia, while it raised its earnings expectations for the year thanks to a “very strong” countercyclical marketing performance in the first half.
BAT reports higher profits on demand for high-priced cigarettes, vapes
British American Tobacco on Friday reported better-than-expected profits, driven by sales of more high-priced cigarettes and strong demand for it vaping products in the US.
London pre-open: Stocks seen up after well-received US tech earnings
London stocks were set for a positive open on Friday following heavy losses in the previous session, with well-received earnings from US tech giants lending a hand.
NatWest sets aside £2bn for bad loans, BT profits slide in first quarter
London open The FTSE 100 is expected to open 36 points higher on Friday, having closed down 2. 31% at 5,989. 99 on Thursday.