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Kibo Energy records wider losses for 2020
Africa-focussed Kibo Energy reported a loss after tax of £6. 42m in its 2020 results on Friday, widening from the £3. 9m loss it recorded in the prior year.
Europe midday: Stoxx hits record high as ECB pledges to maintain stimulus
European shares hit record highs by midday on Friday as investors were cheered by the European Central Bank's decision to increase the pace of asset purchases despite rising inflation.
Berenberg nudges up target price on Supreme
Analysts at Berenberg slightly raised their target price on wholesale distributor Supreme from 220. 0p to 230. 0p on Friday after the firm struck its first deal since its initial public offering earlier in the year.
Asia report: Markets mixed after US consumer prices surge
Markets in Asia finished in a mixed state on Friday, as investors digested the latest inflation data out of the United States overnight, which showed consumer prices surging at the fastest rate since 2008.
Heathrow passenger traffic 90% below pandemic levels
Heathrow passenger numbers are languishing at 90% below pre-pandemic levels, Britain’s biggest airport said on Friday as managers fired a broadside at government ministers over the so-called “green” travel list.
RBC Capital lifts Auto Trader price target after 'strong' results
RBC Capital Markets lifted its price target on shares of Auto Trader on Friday to 610p from 560p following the company’s "strong" set of results a day earlier.
NWF Group FY headline pre-tax profits projected to beat expectations
Animal food manufacturer NWF Group said on Friday that it had put on a "strong overall trading performance" in the fourth quarter and as a result, full-year headline pre-tax profits were now expected to be ahead of market expectations.
Private rented sector firm Sigma agrees £188.4m takeover deal
Private rented sector company Sigma Capital Group announced on Friday that it has reached agreement on the terms of a recommended cash offer by PineBridge Benson Elliot.
Seraphim Space IT aims for the stars in world first IPO on LSE
Seraphim Space Investment Trust is plotting the world's first initial public offering of a Space Tech fund.
Universe Group inks three-year contract extension with UK supermarket
Retail management solutions group Universe has secured a three-year extension to an existing contract with an unnamed "major UK based supermarket".
Jadestone Energy declares second 2020 dividend
Asia-Pacific focussed oil and gas production company Jadestone Energy declared its second 2020 dividend on Friday.
Frontier announces new Jurassic World game after 'strong' 2021
Video games developer and publisher Frontier Developments announced Jurassic World Evolution 2, the sequel to 2018’s successful Jurassic World Evolution, and updated the market on its trading following the end of its 2021 financial year on Friday.
Naked Wines turns in 'strong' performance as it invests in new customers
Naked Wines reported a “strong” performance in its full-year results on Friday, with total sales rising 68% to £340. 2m.
Deutsche Bank downgrades Ashtead to 'hold'
Deutsche Bank downgraded its stance on shares of equipment rental firm Ashtead to ‘hold’ from ‘buy’ but lifted the price target to 5,108p from 4,750p as it argued the valuation is outstripping returns.
London open: Stocks rise as investors mull GDP data
London stocks rose in early trade on Friday, taking their cue from a positive finish on Wall Street as investors digested the latest UK GDP data.
Europe open: Shares higher on ECB asset purchase stance
European shares were up slightly at the open on Friday as investors took heart from the European Central Bank's decision to increase the pace of asset purchases.
Van Elle's Q4 performance benefits from easing of Covid-19 restrictions
Ground engineering contractor Van Elle said on Friday that trading during the fourth quarter continued to improve amid the easing of Covid-19 restrictions, with strong performances in March and April and exit rate revenues returning to pre-pandemic levels.
Man Group shakes up boardroom
Investment manager Man Group announced a number of senior management and board changes on Friday, all of which were set to take effect in the second half of the year.
Robert Walters upgrades FY profit expectations
Recruiter Robert Walters said on Friday that pre-tax profit for the year to the end of December 2021 was set to be "materially ahead" of current market expectations.
Fullers poaches Domino's Pizza CFO Neil Smith
Neil Smith, chief financial officer of Domino's Pizza, is leaving the company to become finance director of pub chain Fuller, Smith & Turner.