Latest News
ReNeuron makes progress with hRPC therapy trial
Cell-based therapeutics company ReNeuron Group updated the market on progress with the development of its human retinal progenitor cell (hRPC) therapy candidate for retinal diseases on Friday, which was currently undergoing phase 2a clinical evaluation for the treatment of the inherited blindness-causing disorder retinitis pigmentosa (RP).
Wells Fargo beats estimates for Q4 profits despite drop in revenues
Wells Fargo beat estimates on the Street for its fourth quarter earnings.
BMW aims to double electric vehicle sales in 2021
BMW said on Friday that it aims to double its sales of fully-electric vehicles in 2021.
JP Morgan blows doors off analysts' Q4 estimates
Banking heavyweight JP Morgan blew past analysts' forecasts for the fourth quarter as the lender released $2. 9bn of reserves on the back of the improved outlook.
US pre-open: Futures lower as bank earnings begin to roll in
Wall Street futures had stocks opening lower ahead of the bell on Friday as several major US banks were slated to report their latest quarterly earnings throughout the course of the day.
Washington adds Xiaomi to military blacklist
The Trump administration has added Chinese smartphone maker Xiaomi to its military blacklist.
PetroNeft buys additional 40pc interest in licence 67
Oil and gas exploration and production company PetroNeft has signed heads of terms with Belgrave Naftogaz, it announced on Friday, to acquire an additional 40% interest in licence 67, for $2. 9m.
Gama Aviation acquires US-based Jet East in $7.7m deal
Gama Aviation announced the acquisition of Jet East Aviation from East Coast Aviation on Friday, which it said would “significantly expand” its existing US aircraft maintenance operations.
Europe midday: Shares still listless as Covid lockdowns worry investors
European stocks were lower at lunchtime on Friday as investors ignored long-awaited US stimulus proposals from President-elect Joe Biden and focused on Covid lockdowns in Germany and France.
Court dismisses Huawei appeal over 5G network exclusion in Sweden
A Swedish court on Friday dismissed an appeal by Huawei complaining about its exclusion from the country’s 5G network rollout.
Naturgy to invest $1.8bn in US after Hamel Renewables acquisition
Spanish power company Naturgy plans to invest up to $1. 8bn in the United States after entering the country's renewables market with the $57m acquisition of Hamel Renewables.
London midday: Stocks fall amid Covid worries; GDP in focus
London stocks had fallen further by midday on Friday as investors digested the latest UK GDP data, with US President-elect Joe Biden’s Covid relief package failing to lift markets amid growing worries about the pandemic and tightening restrictions.
Barclays downgrades Wood Group after recent outperformance
Barclays downgraded Wood Group to ‘equalweight’ from ‘overweight’ on Friday and cut the price target to 330p from 370p following recent outperformance.
Supreme Court rules against insurers on Covid-19 payouts
RSA, Hiscox and other insurers will have to pay out on thousands of business interruption policies because of Covid-19 after losing an appeal to the Supreme Court.
Hilton Food tumbles on placing
Shares of food packing company Hilton Food tumbled on Friday after an undisclosed institutional shareholder placed a 9. 9% stake.
Asia report: Markets mixed as investors digest Biden's package
Markets in Asia closed in a mixed state on Friday, as US president Donald Trump blacklisted another Chinese technology company, while investors digested the president-elect Joe Biden’s stimulus package.
Kodal Minerals makes progress in Mali and Core d'Ivoire
West Africa-focussed mineral exploration and development company Kodal Minerals updated the market on its gold exploration projects in southern Mali and Cote d'Ivoire on Friday, reporting that a review of the Fatou Gold Project in Mali was continuing, with further field reconnaissance highlighting “extensive” artisanal workings and geological control on mineralisation.
Canaccord Genuity raises target price on Lamprell
Analysts at Canaccord Genuity raised their target price on oilfield services provider Lamprell from 55. 0p to 90. 0p on Friday following the group's year-end trading statement.
RBC downgrades Vesuvius to 'sector perform'
RBC Capital Markets downgraded molten metal flow engineer Vesuvius to ‘sector perform’ from ‘outperform’ on Friday following the recent rally in the share price, which leaves the valuation more reflective of the opportunity.
Rio Ferdinand to join Gym Group board
The Gym Group said Rio Ferdinand would join its board as the company posted a near halving of revenue in 2020.