Latest News
Genedrive Covid-19 test formally approved in India
Molecular diagnostics company Genedrive announced on Friday that the ‘Genedrive 96’ SARS-CoV-2 kit had been formally approved by the Indian Council of Medical Research (ICMR).
US pre-open: Futures in the red following Amazon earnings
Wall Street futures were in the red ahead of the bell on Friday as market participants thumbed through a slew of corporate earnings from the overnight.
German Q1 GDP hit by VAT tax hike, Covid-19 restrictions
Germany's economy fell back into contraction at the start of 2021, weighed down by the hit to construction and services from a value-added tax hike in January.
London midday: Stocks go flat ahead of US data releases
Shares prices had gone flat by midday tracking the move deeper into the red by US equity futures.
EU to charge Apple with anti-competitive behaviour over in-app payment system
European antitrust regulators will on Friday charge iPhone maker Apple with anti-competitive behaviour over its in-app payment system rules.
Europe midday: Shares slip as euro zone enters double-dip recession
European stocks slipped into the red at midday on Friday as the euro zone economy shrank by 0. 6% in the first quarter of the year and slid into a "double-dip" recession due to continuing Covid lockdowns.
Ripple boss says US needs regulatory clarity on cryptocurrency
Ripple chief executive officer Brad Garlinghouse said there is a lack of clarity in US regulations on cryptocurrencies.
Co-op ditches plastic 'bags for life' to cut plastic pollution
The Co-operative Group announced it would stop selling plastic “bags for life” to cut plastic pollution as many shoppers use them in the same manner as single-use carriers.
Card Factory trades ahead of expectations since reopening storefront locations
Greeting cards retailer Card Factory said on Friday that its trading performance following the reopening of its brick and mortar locations across the UK had exceeded expectations.
Credit Suisse risk chief quits before AGM
Credit Suisse's risk chief has quit in the latest departure at the bank prompted by the crises at Greensill and Archegos Capital.
Barclays profits more than double as impairments plunge
UK bank Barclays on Friday said first quarter profits had more than doubled, but cautioned that its outlook remained uncertain due to the Coviud-19 pandemic.
Restore to acquire Rainbow HoldCo for £61.0m
Information and data management services firm Restore has entered into an agreement to acquire Rainbow HoldCo for a cash consideration of £61. 0m on a cash-free debt-free basis.
FCA proposes more flexibility for Spacs
The Financial Conduct Authority is encouraging special purpose acquisition companies (Spacs) to increase investor protections by offering them greater flexibility.
Asia report: Markets mostly lower as China misses on manufacturing PMI
Markets in Asia were mostly lower as they closed on Friday, as investors were faced with disappointment after some fresh manufacturing data from China.
Darktrace shares soar above 250p IPO price on debut
Shares in UK cybersecurity company Darktrace soared on debut, gaining 40% to 350p each after their sale in an initial public offering valuing the firm at £1. 7bn.
Eleco makes strong start to year throughout Q1
Software group Eleco said on Friday that it had made a "strong start" to the year, building on its "resilient performance" in 2020.
Jadestone establishes new Malaysia presence through acquisition
Asia-Pacific focussed oil and gas company Jadestone Energy has executed a sale and purchase agreement with SapuraOMV Upstream, to acquire its interest in peninsular Malaysia for initial headline cash consideration of $9m (£6. 47m).
CVS sees FY underlying earnings 'comfortably ahead' of expectations
Veterinary services firm CVS said on Friday that the strong trading performance outlined by the group in its interim results had continued, with sales remaining "strong" amid "a steady increase" in customer demand.
Europe open: Shares edge higher ahead of euro zone GDP
European stocks made small gains at the opening on Friday, boosted by another set of corporate earnings ahead of euro zone first quarter economic growth data.
London open: Stocks edge higher despite profit-taking in Barclays
Shares prices are continuing to grind higher at the end of the month against a backdrop of buoyant investor sentiment globally following the fresh record highs set on Wall Street the night before.