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Gerhard Schroeder quits Rosneft board, says company
Former German Chancellor Gerhard Schroeder and German businessman Matthias Warnig have resigned from the board of Russian state-owned oil company Rosneft, the company said in a statement on Friday.
Altus Strategies sells 30pc of Alpha 3 vehicle for $5.3m
Altus Strategies has entered into a sale and purchase agreement with AlphaStream Capital, it announced on Friday, for the sale of a 30. 1% interest in the Alpha 3 special-purpose vehicle for $5. 27m (£4. 22m).
DeepMatter renews contract with research publisher Springer Nature
Digital chemistry data and software company DeepMatter has renewed its long-term commercial relationship with global research publisher Springer Nature, it announced on Friday, for a further three years.
Sylvania Platinum buys back 121k shares
Sylvania Platinum updated the market on its ongoing share buyback on Friday, reporting that it acquired 121,035 shares on Thursday, representing 0. 04% of its issued share capital.
US pre-open: Dow Jones on track for eight-straight losing week despite pre-market gains
Wall Street futures were in the green ahead of the bell on Friday after China cut a key interest rate but the Dow Jones was still firmly on track to register its eighth-consecutive losing week.
Europe midday: Shares extend gains on China rate cut, THG takeover talk
European shares extended gains at midday on Friday, as Chinese central bank stimulus boosted sentiment after the previous session’s heavy sell off.
Yellow Cake takes delivery of 2.02m pounds of uranium
Long-term uranium investor Yellow Cake has taken delivery of 2,022,846 pounds of triuranium octoxide from Kazatomprom at the Cameco storage facility in Canada, it announced on Friday, following the exercise of its buyback option.
London midday: Stocks extend gains after China rate cut, UK retail sales
London stocks had extended gains by midday on Friday, with sentiment boosted after China cut a key interest rate, as investors mulled better-than-expected retail sales data but a grim reading on consumer confidence.
Restore's strong momentum carries into new year
Information management and document service provider Restore said in an update on Friday that trading for the four months ended 30 April was in line with its expectations, as the “strong” second half momentum last year carried into 2022.
Nationwide profits soar, but warns on hit to house prices
Britain’s Nationwide Building Society on Friday reported soaring annual profits, but warned on the impact of surging inflation on house prices.
Asia report: Stocks bounce as PBoC trims five-year interest rate
Stock markets in Asia bounced from recent losses across the region on Friday, with Hong Kong’s bourse leading the gains as Chinese technology plays rose.
THG surges as retailer rejects third takeover offer, Candy Ventures mulls bid
Shares in e-commerce retailer THG surged early on Friday after the firm rejected a third takeover offer from Belerion Capital and King Street Capital Management a day earlier and news broke that property investor Nick Candy was also mulling a possible bid.
7digital to livestream Hangout Music Festival in Alabama
Digital music solutions provider 7digital has expanded its partnership with AEG Presents to exclusively livestream this year's Hangout Music Festival in Alabama, USA.
Two indicators point to buying opportunity in Bitcoin; price back at $30,000
There are new rises the cryptocurrency market, with its two main tokens, Bitcoin and Ethereum, at the top of the price ranges they drew during the week, in a clear consolidation of the strong sales of early May and despite the performance of Wall Street, where there were further falls after Wednesday's session on Thursday, the most bearish since 2020. Satoshi Nakamoto's creation recovers $30,000, resistance that is considered key in the $28,000 to $32,000 range, while Ethereum rises above $2,000.
The Works reports strong growth, confirms return of dividend
Discount books and stationery retailer The Works reported a “strong” full-year trading performance on Friday, with two-year like-for-like sales rising 10. 4%, and total two-year sales growth coming in at 12. 7%.
China cuts key interest rate
The People’s Bank of China cut a key lending benchmark on Friday by the most on record as it looks to support a slowing economy and support housing demand.
M&C Saatchi agrees £310m takeover by Next Fifteen, shares surge
Shares of M&C Saatchi surged on Friday after it agreed to be bought by Next Fifteen for £310m, just days after rejecting a £254m offer from Vin Murria’s investment vehicle AdvancedAdvT.
Deutsche Bank downgrades Marshalls to 'hold'
Analysts at Deutsche Bank downgraded their rating on hard landscaping products manufacturer Marshalls from 'buy' to 'hold' on Friday, stating the group's future was "paved with greater uncertainty".
London open: Stocks rise as retail sales beat expectations
London stocks rose in early trade on Friday, taking their cue from an upbeat session in Asia, and following the release of better-than-expected retail sales data.
German producer prices see highest-ever annual rise as energy prices surge
German producer prices rose at their highest annual pace in April as the war in Ukraine pushed up energy prices, according to figures released by Destatis on Friday.