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Shield Therapeutics FY trading in line with market expectations
Commercial stage pharmaceutical company Shield Therapeutics said on Friday that full-year trading was in line with market expectations.
DS Smith falls as Merpas sells shares in placing
DS Smith fell on Friday after Merpas sold shares in the packaging company in an accelerated bookbuild.
Urban Logistics acquires Wirral site off-market
Urban Logistics has acquired a logistics site in Bromborough, Wirral off-market for £16. 3m at a 5. 0% net initial yield, it announced on Friday, as part of the deployment of capital from its recent fundraising.
Star Phoenix formally notifies Georgia government of dispute
Oil, gas and oilfield services company Star Phoenix updated the market on its legal dispute with the government Georgia on Friday, over a production sharing contract dated 29 March 2007 for block VIA.
Oracle Power partner CNCDC begins preliminary work at Thar
Natural resources and power project developer Oracle Power said on Friday that its consortium partner, China National Coal Development Company (CNCDC), has started preliminary feasibility work relating to the potential gasification of coal at the company's Thar Block VI project in Pakistan.
Europe open: Investors ignore Biden package to focus on Covid curbs
European stocks started lower on Friday as investors pushed aside new US stimulus proposals from President-elect Joe Biden to focus on Covid lockdowns in Germany and France.
Serabi Gold pleased with fourth quarter progress in Tapajos
Brazil-focussed gold mining and development company Serabi Gold updated the market on fourth quarter activities in the Tapajos region of Brazil’s Para State on Friday, reporting gold production of 7,254 ounces.
N Brown suffers stock shortages as revenue declines
N Brown said it was suffering stock delays due to a shortage of shipping containers as the home shopping fashion group reported a revenue drop in the third quarter.
Osirium Technologies expects 2020 bookings to be slightly ahead of expectations
Cybersecurity software group Osirium Technologies expects 2020 bookings to be at least £1. 55m, slightly ahead of current consensus market expectations.
London open: Stocks fall as investors mull UK GDP, Biden relief package
London stocks fell in early trade on Friday as investors digested the latest UK GDP data and news of US President-elect Joe Biden’s Covid relief package.
Petrofac says no current employees face charges under SFO probe
Petrofac on Friday said no charges have been brought against any group company or current employees after a former senior executive at the oil services firm pleaded guilty to three offences related to $3. 3bn of work secured in the United Arab Emirates.
Indivior says annual revenue, profit to beat expectations
Opioid addiction treatment maker Indivior upped its full-year revenue guidance on Friday and said adjusted pre-tax income is set to beat its previous expectations, thanks in part to better-than-expected revenues from its Sublocade treatment.
Ashmore AUM grows in Q4
Asset manager Ashmore Group said on Friday that assets under management increased 9% in the final three months of 2020.
Babcock profits fall 34% as Covid hits civil aerospace
Defence company Babcock said profits fell by more than a third in the nine months to date as the coronavirus pandemic hit its civil aviation business.
TRIG acquires interest in Beatrice wind farm, offshore Scotland
The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire an equity interest of 17. 5% in the Beatrice offshore wind farm, it announced on Friday, from Copenhagen Infrastructure Partners (CIP).
AstraZeneca gets another approval for 'Imfinzi' in Europe
AstraZeneca said on Friday that ‘Imfinzi’, or durvalumab, has been approved in the European Union and the UK for an additional dosing option - a 1,500mg fixed dose every four weeks - in locally advanced, unresectable non-small cell lung cancer (NSCLC).
UK economy shrinks 2.6% in November
The UK economy shrank 2. 6% in November but beat expectations as the government imposed a second Covid-19 lockdown on England, official figures showed.
Hammerson CFO James Lenton to step down
Shopping centre owner Hammerson said on Friday that James Lenton plans to step down as chief financial officer.
Segro collects 98pc of rents for 2020
Segro said on Friday that for the year ended 31 December, it had collected 98% of all rents to date.
SFO drops investigation into British American Tobacco
British American Tobacco said on Friday that the UK’s Serious Fraud Office had ended an investigation into one of its subsidiaries.