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Asia report: Markets mixed as investors weigh Covid-19 news
Markets in Asia were in a mixed state at the end of Friday’s session, as investors continued to weigh concern around the short-term impacts of the Covid-19 pandemic against recent positive news around potential vaccines for the coronavirus.
600 Group scraps dividends on uncertain outlook
600 Group said it would not pay a dividend in the current financial year and that its finance chief was leaving because he did not want to take part in a move to Florida.
Parkmead Group swings to a loss amid 'record low' gas prices
Energy outfit The Parkmead Group said on Friday that it had swung to a loss as a result of "record low" gas prices weighing on revenues.
Costain appoints former De La Rue CFO Helen Willis to the same role
Costain has appointed Helen Willis as its new chief financial officer with effect from 30 November.
Quiz to temporarily shutter Scottish locations due to new restrictions
Fashion brand Quiz said on Friday that several of its Scottish locations would be closed from 1800 GMT as a result of new restrictions in certain areas of the country.
Citi ups rating on Croda following Iberchem deal
Citi has upgraded Croda International to a ‘buy’ following the chemicals group’s €820m acquisition of Spain’s Iberchem.
Consumers 'losing their nerve' as confidence dips - GfK
Consumer sentiment dipped further in November as households worried about their personal finances, a widely followed survey showed.
London open: Stocks edge higher after retail sales, borrowing figures
London stocks edged higher in early trade on Friday as investors digested the latest UK retail sales and borrowing data.
Europe open: Shares crawl higher as investors eye US Fed, Treasury row
European stocks opened the final session of the week slightly higher after modest gains on Wall Street as investors kept an eye on a potential spat between the US Federal Reserve and the Treasury.
International PPL portfolio performing 'well' in second half
Infrastructure investor International Public Partnerships updated the market on its operations and portfolio on Friday, reporting that its investment portfolio had continued to perform well in the second half to date.
Smurfit Kappa raises €660.0m to accelerate investments
Packaging solutions group Smurfit Kappa has raised roughly €660. 0m as part of an effort to accelerate investments and capitalise on trends towards e-commerce and sustainable packaging.
Court denies GSK appeal in Vectura intellectual property dispute
Inhalation-focussed contract design and manufacture organisation Vectura Group announced on Friday that the United States Court of Appeals for the Federal Circuit has denied GlaxoSmithKline's (GSK) motions for judgment as a matter of law, a new trial on infringement, and for a new trial on damages in litigation concerning Vectura's US patent 8303991.
Nationwide profits rise despite Covid impairment charge
Nationwide Building Society reported a strong rise in half-year profits despite a £139m Covid-19 impairment charge.
Telit considers u-blox takeover approach
Telit Communications said it had received an all-share bid approach from Swiss rival u-blox valuing and was considering the proposal.
UK borrows less than expected as taxes exceed forecasts
The UK government borrowed a less than expected £22. 3bn in October as tax receipts outstripped forecasts, official figures showed.
AstraZeneca gets US approval for additional Imfinzi dosing option
AstraZeneca announced on Friday that ‘Imfinzi’, or durvalumab, has been approved in the US for an additional dosing option - a 1,500mg fixed dose every four weeks in the approved indications of unresectable stage-3 non-small cell lung cancer after chemoradiation therapy, and previously-treated advanced bladder cancer.
Segro gets approval for secondary listing on Euronext Paris
Property investment and development company Segro said on Friday that it has received approval for a secondary listing on Euronext Paris as it looks to maintain an efficient holding structure at end of the Brexit transition period.
Sage lifts dividend as recurring revenue rises 8.5%
Accounting software firm Sage lifted its dividend as it reported a 8. 5% rise in organic recurring revenue to £1. 6bn, driven by growth from existing and new customers, in North America and Northern Europe.
Unite buys new 800-bed development in Paddington from Travis Perkins
Student accommodation manager and developer Unite Group said on Friday that it has bought a new 800-bed development site in Paddington, central London, from Travis Perkins.
UK borrowing rises less than expected, retail sales see early Xmas boost
UK retail sales rose for the sixth consecutive month in October, underpinned by the online segment, while government borrowing hit its highest level on record for that month but was still lower than forecast, according to figures released on Friday by the Office for National Statistics.