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Immunodiagnostic Systems recovers 'strongly' in H2
Diagnostic testing kits producer Immunodiagnostic Systems said on Friday that trading had "recovered strongly" in the second half of the year, bouncing back from adverse impacts stemming from the Covid-19 pandemic seen in the first half.
Essentra makes positive start after decent Q1
Essentra reported an “encouraging start” to the year on Friday, with first quarter trading in line with expectations, notwithstanding logistical challenges derived from the pandemic and the aftermath of Brexit.
MusicMagpie valued at £208m in share placing
MusicMagpie is raising £15m in a share offer that will value the refurbisher of mobile phones and other gadgets at about £208m.
Grafenia FY revenues slide amid Covid-19, looks to 'double down' on software arm
Grafenia said on Friday that it would "double down" on its software unit and look to add complementary companies to the group after seeing revenues decline amid the Covid-19 pandemic.
China's economy bounces back from pandemic in Q1
China’s economy bounced back from the pandemic in the first quarter, according to figures released on Friday by the National Bureau of Statistics.
Grafton considers sale of traditional UK merchanting businesses
Building materials distributor Grafton said on Friday that it could sell some or all of its traditional merchanting businesses in the UK.
Accsys H2 sales and revenues grow following 'rapid recovery'
Building products company Accsys said on Friday that it had seen strong sales and revenue growth in the second-half following a "rapid recovery" after the initial impact of Covid-19 in the first quarter.
London open: FTSE 100 breaches 7,000 for first time since pandemic
London stocks rose in early trade on Friday, with the top-flight index breaching the 7,000 level for the first time since February 2020 as investors mulled encouraging Chinese growth figures.
Hammerson says footfall surges as shoppers return
Hammerson said footfall at its shopping centres was 60% higher than in the week after the first lockdown ended in June 2020 as shoppers returned to stores.
Wizz Air boss says summer rebound in European travel 'uncertain'
Delays in reopening European travel could scupper an expected rebound and jeopardise WizzAir's plans to increase capacity further, the carrier's boss said.
Mediclinic FY revenues slide on 'significant impact' of Covid-19 lockdowns
Healthcare services group Mediclinic said on Friday that it had delivered a "robust" operating performance in the year ended 31 March, with revenues declining slightly due to the "significant impact" of initial Covid-19-related lockdowns and restrictions across the globe.
TI Fluid Systems slumps after Bain Capital places 52m shares
TI Fluid Systems slumped on Friday after its largest shareholder, Bain Capital, and outgoing chief executive Bill Kozyra placed 52. 4m shares in the company via an accelerated bookbuild to institutional investors.
Ashmore's funds fall as asset declines outweigh inflows
Ashmore's funds under management fell 3% in the first quarter as negative investment performance outweighed extra funds from investors.
Kainos annual results seen at upper end of consensus forecasts
IT provider Kainos said on Friday that results for the year to the end of March 2021 are set to be at the upper end of consensus forecasts after the momentum outlined in its trading update in January was maintained.
Friday preview: China GDP, Ashmore in the spotlight
The market spotlight will swing back to Asia at the end of the week where a raft of tier one activity indicators will be published.
Man Group assets rise in Q1, Grafton mulling sale of merchanting business
The FTSE 100 is expected to open 11 points higher on Friday, having closed up 0. 63% on Thursday at 6,983. 50.
Ocado invests £10m in self-drive vehicle software group
Ocado is investing £10m in Oxbotica, an autonomous vehicle software company, and has set up a commercial partnership to develop self-driving vehicles.
London pre-open: Stocks to edge up after China GDP
London stocks were set to edge up at the open on Friday following the release of encouraging Chinese GDP data.
Friday newspaper round-up: Gambling firms, rail tickets, Entain, chip shortage
Gambling firms behind more than £30m in football shirt sponsorship deals have been accused of making “insulting” contributions to the industry-funded addiction charity, with one giving just £250. An annual list of donors to GambleAware, which is funded by online casinos and bookmakers, details how much individual firms have given. - Guardian.
Man Group expects further inflows after assets rise
Man Group's assets rose by $3. 4bn in the first quarter as investors placed more money with the hedge fund group and it made market gains.