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S4 Capital buys tech services co Zemoga
Martin Sorrell's digital-only advertising group S4 Capital said it was buying technology services company Zemoga for an undisclosed sum.
Next to run Gap brand in UK, Ireland as franchise deal agreed
US clothing retailer Gap has struck a deal that will see its clothing range sold in the UK and Ireland via Britain’s Next after announcing earlier this year that it would close its own stores in those markets.
UK August retail sales record unexpected 0.9% fall as shortages bite
UK retail sales volumes fell 0. 9% in August from July and unchanged year on year, the Office for National Statistics said on Friday, as grocery sales were hit by more people returning to restaurants and pubs.
Asia close: Stocks stabilise after PBoC injects short-term liquidity
Stocks in the Asia Pacific region finished the week on a positive note after the People's Bank of China added short-term liquidity in order to avoid a funding squeeze in the country's banking system.
Jefferies stays at 'buy' on Anglo American despite headwinds from Chinese housing
Analysts at Jefferies reiterated their 'buy' recommendation for shares of Anglo American following investor meetings with the miner's boss, Mark Cutifani, its finance director, Stephen Pearce, and its head of investor relations, Paul Galloway.
Euro area CPI jumps in August on dearer energy, base effects
Consumer price inflation in the euro area accelerated in August on the back of dearer energy and base effects, potentially piling on the pressure on the European Central Bank.
ShoreCap resumes coverage on Beazley at 'buy' on rate momentum and valuation grounds
Analysts at ShoreCap resumed coverage of Beazley with a 'buy' recommendation, arguing that the insurer was "best placed" to benefit from the rating cycle across its cyber and liability (casualty) lines - where rate momentum was accelerating.
London pre-open: Stocks set for higher start despite weak UK retail sales data
Stocks are set for a higher start despite the release of figures revealing an unexpected drop in UK retail sales for September, which underscored the uncertainty around the impact that the pandemic will have.
Live Company trading 'severely impacted' by Covid-19 restrictions
Events and entertainment group Live Company warned on Friday that it had continued to be "severely impacted" by ongoing Covid-19 restrictions.
Berenberg upgrades IHG to 'buy'
Analysts at Berenberg upgraded Holiday Inn owner Intercontinental Hotels Group from 'hold' to 'buy' on Friday following a better-than-expected first-half performance.
Broker tips: Intercontinental Hotels Group, Beazley, Anglo American
Analysts at Berenberg upgraded Holiday Inn owner Intercontinental Hotels Group from 'hold' to 'buy' on Friday following a better-than-expected first-half performance.
Boeing investing $200m in factory to build Stingray aircraft
Aerospace giant Boeing on Friday said it was investing $200m to start making the US Navy's latest unmanned aircraft.
Week ahead: BoE, Federal Reserve in focus
Central bank policy decisions will dominate the coming week's economic calendar.
US open: Stocks open lower in week's final session
Wall Street stocks were trading lower early on Friday as another week in what has been a volatile month for stocks gets set to draw to a close.
Friday newspaper round-up: Saudi Arabia, Marks and Spencer, Oxford Nanopore
Ministers aim to secure a multibillion-pound investment from Saudi Arabia to fund renewable energy and infrastructure projects in the UK after yesterday’s announcement of a £10 billion deal with the United Arab Emirates. Kwasi Kwarteng, the business secretary, visited Saudi Arabia in June for talks with its foreign minister, and negotiations are understood to be under way with Boris Johnson’s investment envoy Lord Grimstone of Boscobel. - The Times.
US consumer confidence stabilises at the start of September
Consumer confidence in the US appeared to stabilise at the start of September after plunging during the month before as the Delta variant of Covid-19 rolled across the country, the results of a closely-followed survey revealed.
London close: Stocks end another week in the red
Stocks surrendered early gains to finish another week firmly in the red ahead of the quarterly expiry of financial derivatives contracts for individual stocks and indices in the States.
Christmas shortages threat as Tesco staff reject pay offer
Fears of supermarket shortages ahead of Christmas grew on Friday after truck drivers and warehouse workers at four Tesco distribution centres rejected the company’s latest pay offer.
Europe close: Miners, inflation fears, weak Wall St hit sentiment
European shares finished the week lower as a weak opening on Wall Street, slump in mining stocks and rising euro zone inflation hit sentiment.
Europe midday: Shares slip into red after euro zone inflation figures
European stocks slipped into the red on Friday as higher inflation in the euro zone last month rattled investors.