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Zephyr Energy on track with Paradox Basin development
Rocky Mountains-focussed oil and gas company Zephyr Energy updated the market on its flagship project in Utah’s Paradox Basin on Friday, reporting that all equipment and materials required for hydraulic stimulation had been mobilised to the State 16-2LN-CC well pad.
Iofina production on track as iodine prices creep higher
Iodine explorer and producer Iofina produced 142. 7 metric tonnes of crystalline iodine from its five operating ‘IOsorb’ plants in Oklahoma in the third quarter, it said on Friday.
Amazon appeals European data misuse mega-fine
Amazon appealed a record fine handed down to the online commerce giant by the European privacy watchdog on Friday, after it was found to have broken data protection rules.
RBC upgrades Antofagasta to 'sector perform'
Analyst at RBC Capital Markets upgraded copper producer Antofagasta from 'underperform' to 'sector perform' on Friday, stating the copper market was moving toward a "potentially acute" near-term state.
US retail sales leap past forecasts in September
Americans unexpectedly resumed splashing out on goods and services last month.
PBoC says risks to financial system from China Evergrande Group are 'controllable'
People's Bank of China looked to assuage concerns in financial markets around stricken real estate giant China Evergrande Group.
Credit Suisse slashes Asos price target after profit warning
Credit Suisse slashed its price target on Asos on Friday to 4,680p from 6,050p as it trimmed its forecasts in line with guidance after full-year results exposed greater cyclical pressures than expected, compounded by the slow progress to update systems.
Bitcoin nears $60,000 and is settling at six-month highs amid SEC, Putin and adoption
Bitcoin is rising strongly, which stretches the upward momentum received on Thursday to almost the psychological barrier of $60,000 - the resistance is at the all-time high of $65,000 -, boosted by the certainty that the US Securities and Exchange Commission (SEC) will approve the exchange-traded funds (ETFs) based on cryptocurrency futures next week. As reported by 'Bloomberg', the regulator has almost decided not to block two of these investment vehicles, which are due to receive the agency's verdict as of October 18th, and bulls are celebrating this in the cryptoasset market.
Whitbread finance director to take up CFO role at IAG
Premier Inn owner Whitbread revealed on Friday that long-time finance director Nicholas Cadbury will be leaving the group after nine years to take up the position of chief financial officer at International Airlines Group.
FCA chair Charles Randell to step down a year early
Charles Randell will step down as chair of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) next spring.
Berenberg raises target price on Rathbone Brothers
Analysts at Berenberg raised their target price on investment bank Rathbone Brothers from 2,100. 0p to 2,170. 0p on Friday after the firm's third-quarter results came in ahead of estimates at the funds under management level.
Silence Therapeutics inks collaboration deal with Hansoh Pharmaceutical
Silence Therapeutics announced a collaboration with Hansoh Pharmaceutical Group on Friday, to develop short interfering ribonucleic acids (siRNAs) for three undisclosed targets, leveraging its proprietary ‘mRNAi GOLD’ platform.
MP Evans completes sale of remaining Malaysia land
MP Evans announced the completion of its disposal of Bertam Estate, comprising 70 hectares of land near Penang Island in Malaysia, for $24m (£17. 45m) on Friday.
Europe midday: Shares hold gains on earnings optimism; Temenos slumps
European shares edged ahead at the open on Friday as strong US corporate earnings overnight helped to drive sentiment.
Metallurgical coal miner Bens Creek places shares ahead of admission on AIM
Bens Creek Group has raised fresh capital ahead of its expected flotation on the London Stock Exchange's junior market.
London midday: Stocks gain amid earnings optimism
London stocks were still in the black by midday on Friday as earnings optimism helped to offset concerns about inflation.
Berenberg upgrades BP, Harbour Energy to ‘buy’
Berenberg upgrade its stance on a host of oil and gas stocks on Friday - including BP - as it argued that share prices across the oil sector remain cheap, with further consensus upgrades to come as higher commodity prices are reflected in estimates.
Pearson revenues rise but US enrolments hit by Covid
Education publisher Pearson reported a rise in revenues as growth in assessment and qualifications offset lower US higher education enrolments due to Covid-19 infections.
Asia report: Chipmakers march ahead as markets turn green
Markets were higher across the Asia-Pacific region on Friday, with Hong Kong returning from two days off, and Taiwan’s main board leading the gains.
ITM Power slumps after discounted share placing
Energy storage and clean fuel specialist ITM Power's placing of new shares was oversubscribed.