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Hutchmed China launches Hong Kong public offering
Hutchmed China announced the launch of its Hong Kong public offering on Friday, as part of its global offering of 104 million new shares, proposing the primary listing of its ordinary shares on the main board of the Hong Kong Stock Exchange under the stock code ‘13’.
London open: Stocks flat after disappointing retail sales data
London stocks were steady in early trade on Friday as investors digested disappointing retail sales data.
Kerry to sell meats and meals business to Pilgrim's Pride for €819m
Irish food company Kerry said on Friday that it has agreed to sell its consumer foods' meats and meals business in the UK and Ireland to Pilgrim's Pride for €819m.
Telecom Plus revenue, earnings fall as expected
Telecom Plus reported results in line with expectations on Friday, with revenue for its financial year coming in at £861. 2m, down slightly from £875. 8m year-on-year.
US close: Stocks mixed following FOMC meeting, unexpected jump in jobless claims
Major US indices put on a mixed performance on Thursday after the Federal Reserve stepped up its timeline for rate hikes and weekly initial jobless claims jumped unexpectedly.
Unite sells two properties to joint venture for £342m
Student accommodation provider Unite said it had sold two London properties to its London Student Accommodation joint venture with GIC for £342m.
Retail sales unexpectedly fall in May as hospitality reopens
UK retail sales unexpectedly fell in May as restaurants reopened and people shifted some of their spending from food stores, although they remained above pre-pandemic levels.
Tesco sales rise in first quarter, Inchcape flags higher full-year profit
London open The FTSE 100 is expected to open seven points lower on Friday, having closed down 0. 44% on Thursday at 7,153. 43.
London pre-open: Stocks to edge down as retail sales miss expectations
London stocks were set to edge lower at the open on Friday as investors digest the latest UK retail sales data.
Friday newspaper round-up: UK economy, Tesla, Channel 4, Nutmeg
Britain’s economic recovery will accelerate into the autumn despite the threat from staff shortages and higher inflation, according to a forecast by the business lobby group, the CBI. The economy will expand by 8. 2% this year and by 6. 1% next year as the successful vaccination programme allows lockdown easing to continue next month, driving a surge in consumer spending and business activity in the second half of 2021, the CBI said. - Guardian .