Latest News
Hornby buying remainder of LCD Enterprises from its own CEO
Models and collectibles company Hornby has acquired the remaining 51% of LCD Enterprises which it did not already hold, it announced on Friday.
Boohoo responds to latest allegations of Leicester labour abuse
Online fashion giant Boohoo issued a response to the latest allegations of substandard working conditions in its factories on Friday, after Sky News claimed that workers in Leicester were still being exploited.
US pre-open: Futures in the red ahead of July's final day of trading
Wall Street futures were in the red ahead of the bell on Friday as an otherwise solid month for equities reached its final day of trading.
MaxCyte announces pricing of upsized Nasdaq share offering
Cell engineering technology company MaxCyte announced the pricing of its upsized offering of 13,500,000 shares on Nasdaq on Friday, at a price of $13. 00 per share.
Proton receives initial truck order from Electra Commercial Vehicles
Hydrogen fuel cell and electric hybrid technology company Proton Motor Power announced on Friday that, further to its memorandum of understanding with Electra Commercial Vehicles as announced on 22 June, it had now received an initial order for a fuel cell ‘HyRange’ system to be deployed in a functional prototype of a zero-emission electric refuse collection truck.
YouGov to end year in line with forecasts
Research and data analytics company YouGov said on Friday that trading continued to be “resilient” ahead of its year-end on 31 July, driven by a strong sales pipeline in the second half.
Shepherd Neame makes good progress since pubs reopened
Brewer and pub operator Shepherd Neame said in a trading update on Friday that, since the resumption of trading on 12 April it had performed “well”, generating cash and profits ahead of its expectations.
Europe midday: Shares still lower as investor mood darkens
European stocks were still in the doldrums on Friday as continuing worries over Chinese regulation of tech stocks overshadowed upbeat earnings reports.
Pendragon lifts full-year profit guidance
Car dealer Pendragon lifted its full-year profit guidance on Friday following a strong performance in June.
London midday: Travel & leisure, mining stocks pace the decline
London stocks were still firmly in the red by midday on Friday, having taken their cue from a weak session in Asia, with miners and travel shares under the cosh.
Berenberg raises target price on CentralNic
Analysts at Berenberg raised their target price on domain registrar CentralNic from 180. 0p to 200. 0p on Friday, stating the firm's "true potential" had been revealed.
Asia report: Markets weaker as Hong Kong tech shares fall again
Most equity markets closed lower in Asia on Friday, as technology shares in Hong Kong fell again at the end of a turbulent week for the sector.
Eurozone economy expands more than expected in Q2
The eurozone economy grew more than expected in the second quarter as Covid restrictions were eased, according to preliminary data released on Friday by Eurostat.
Pearson launches new student app as US growth drives swing to profits
Education publisher Pearson on Friday launched an app for US college students as it planned to expand its footprint in the digital marketplace after reporting better than expected first-half profit and underlying sales as demand for online learning increased.
ConvaTec confident despite margin pressures
Medical products company ConvaTec reported “strong” revenue growth ahead of expectations for its first half on Friday, with organic growth at 7. 4%, or 7. 0% on a constant currency basis to $1. 01bn, with growth coming in at 11. 0% on a reported basis.
Essentra reports 'encouraging' first half as it rebounds from pandemic
Essentra reported an “encouraging” first half performance on Friday, as the rebound from the Covid-19 pandemic continued, and its revenue rose 7. 5% year-on-year on a like-for-like basis, to £475m.
Fortress says CMA has not raised issues about Morrisons deal
Private equity firm Fortress, which is leading the consortium looking to buy Morrisons, said on Friday that the Competition and Markets Authority has not raised any issues with its proposed £6. 3bn acquisition of the supermarket chain.
Deliveroo proposes pulling out of Spain
Online food delivery company Deliveroo has proposed ending its operations in Spain.
NatWest in payout bonanza as profits return
NatWest resumed dividend payments and announced a share buyback as it swung to a half-year profit and released more cash set aside for bad debts as the economy recovered from the Covid pandemic.
Intertek H1 profits surge following 'robust' performance in May and June
Assurance and product testing group Intertek said on Friday that interim profits had surged on the back of a strong performance in both May and June.