Latest News
Canaccord raises target price on Howden Joinery
Analysts at Canaccord Genuity raised their target price on building supplies retailer Howden Joinery from 710. 0p to 735. 0p on Friday, stating the strength of the group's business model evident in its performance.
FastForward pleased with performance of newly-balanced portfolio
Investment company FastForward Innovations updated the market on its performance on Friday, reporting that it had succeeded in achieving a better balance to its portfolio between liquid, pre-liquidity and longer term investments, as described in its investment policy announced in July.
Escape Hunt upbeat on outlook, agrees acquisition of French franchise
Escape room experience operator Escape Hunt has exchanged contracts to acquire its French master franchise partner BGP Escape, it announced on Friday.
JPMorgan downgrades Entain after outperformance
JPMorgan Cazenove downgraded Ladbrokes owner Entain on Friday to ‘neutral’ from ‘overweight’ following a strong share price performance, as it took a look at the online gaming sector.
K3 Business Technology surges on sale of Starcom division
Software, cloud technology and managed services company K3 Business Technology announced the sale of its managed services unit Starcom Technologies on Friday, to UK-based infrastructure and services provider Node4, which is backed by private equity investment firm Bowmark Capital.
Europe midday: Shares extend losses on bond yield, inflationary fears
European shares extended losses at midday on Friday as rising bond yields and fears of higher interest rates sent investors running for cover.
London midday: Stocks slump amid inflation concerns
London stocks were firmly in the red by midday on Friday as a selloff in bond markets spooked investors.
IAG crashes to €7.4bn annual loss as Covid pandemic takes toll
British Airways owner IAG swung to a massive €7. 4bn annual operating loss and pulled guidance for 2021, reflecting the impact of the Covid-19 crisis.
Berenberg initiates coverage on Jonson Service Group at 'buy'
Analysts at Berenberg initiated coverage on workwear supplier Johnson Service Group at 'buy' on Friday, stating it was a "quality business" with a "clean investment case".
Asia report: Markets mostly weaker as bond yields rise
Most markets in Asia closed weaker on Friday, as investors kept a watchful eye on bond yields after the 10-year US Treasury note surpassed the 1. 6% level for a short time overnight.
Alpha Real EPS grows last quarter despite NAV slide
Real estate investment trust Alpha Real Trust said on Friday that adjust earnings had grown in the three months ended 31 December despite seeing its net asset value slip.
Tullow Oil agrees $1.7bn reserves-based loan agreement with banks
Oil and gas exploration company Tullow Oil said on Friday that it has agreed a new debt facility of around $1. 7bn with its banks.
Jadestone issues guidance for 2021 production
Asia-Pacific focussed oil and gas production company Jadestone Energy updated the market on its outlook for 2021 on Friday, guiding for average crude oil production of between 11,500 and 13,500 barrels per day, assuming the successful drilling of H6 at Montara, two Skua well workovers, and completion of its acquisition of a 69% operated interest in the Maari asset, offshore New Zealand, at the end of the first half.
Greencoat Renewables agrees acquisition of Cordal wind farm
Renewable infrastructure company Greencoat Renewables announced an agreement to acquire the Cordal wind farm from renewable energy investor and operator Cubico Sustainable Investments on Friday.
Asiamet raises another £1.0m via share placement
Exploration and development firm Asiamet Resources has successfully placed 45. 45m new common shares at a price of 2. 20p per share, raising gross proceeds of approximately £1. 0m in the process.
Rightmove FY profit, revenue decline after customer discounts
Rightmove reported a drop in full-year profit on Friday as revenue took a hit after it gave discounts to customers during the coronavirus pandemic, but said it will resume dividend payments and its share buyback programme.
Silence to get $2m milestone payment from Mallinckrodt
Silence Therapeutics announced on Friday that it would receive a $2m (£1. 43m) milestone payment following the start of work on a third target being explored under its ongoing RNAi research collaboration with Mallinckrodt, for the treatment of complement pathway-mediated diseases.
Aquis Exchange expects maiden FY profits as revenues top expectations
Exchange services group Aquis Exchange expects to report full-year revenues of no less than £11. 0m for 2020, marginally ahead of expectations.
Europe open: Shares fall as rising bond yields send investors scurrying
European shares fell at the opening of the week’s last session as rising bond yields and a softer Wall Street dampened sentiment.
Fullers FD Adam Councell to step down, take up job at Marlowe
Pub and hotels group Fuller, Smith & Turner said on Friday that Adam Councell plans to step down as finance director.