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 beat estimates on the Street for its fourth quarter earnings.
BMW said on Friday that it aims to double its sales of fully-electric vehicles in 2021.
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.
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.
The Trump administration has added Chinese smartphone maker Xiaomi to its military blacklist.
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 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.
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.
A Swedish court on Friday dismissed an appeal by Huawei complaining about its exclusion from the country’s 5G network rollout.
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 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 downgraded Wood Group to ‘equalweight’ from ‘overweight’ on Friday and cut the price target to 330p from 370p following recent outperformance.
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.
Shares of food packing company Hilton Food tumbled on Friday after an undisclosed institutional shareholder placed a 9. 9% stake.
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.
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.
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 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.
The Gym Group said Rio Ferdinand would join its board as the company posted a near halving of revenue in 2020.