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Costcutter owner Bestway takes 3.45% stake in Sainsbury's
UK Costcutter convenience store owner Bestway Group has bought a 3. 45% stake in supermarket giant Sainsbury's which it may increase, but said it was not considering an offer for the chain.
Hunt unveils plans for UK economy, rules out tax cuts
The chancellor Jeremy Hunt looked to rule out any imminent tax cuts on Friday, arguing that inflation needs to fall first.
HS2 could stop short of central London - report
Surging costs could see the controversial High Speed 2 rail link stop short of central London, it was reported on Friday.
Peel Hunt downgrades Close Brothers, cites Novitas provisions
Peel Hunt downgraded Close Brothers on Friday to ‘hold’ from ‘add’ and cut the price target by around 18% to 1,031p as it lowered earnings per share estimates by 55% for FY23 and by 4% for FY24 and FY25.
Asia close: Stocks mostly higher, analysts bullish
Stocks markets across Asia advanced at the end of the week, although gains were restrained despite the solid performance put in overnight by Wall Street.
Canaccord Genuity makes 'minor changes' to eEnergy Group forecasts
Analysts at Canaccord Genuity made a number of minor changes to its forecasts for eEnergy Group on Friday, stating it was approaching the firm with "cautious optimism" going into 2023.
Bitcoin consolidates at $23,000 as the market puts the focus on the Fed
There are mixed signals in the cryptocurrency market at the moment. Bitcoin (BTC) has rebounded 0. 15% in the last 24 hours and remains above $23,000, while Ethereum (ETH) has dropped more than 1% and moves away from $1,600.
Superdry downgrades FY profit forecast to breakeven
Fashion brand Superdry cut its full-year profit outlook on Friday, citing underperformance of its wholesale segment and increasing uncertainty over the fourth quarter.
Avon Protection reports moderate increase in Q1 sales, anticipates "good" year
Avon Protection reported moderate growth in sales for the first quarter of its financial year and predicted that FY 2023 would be a "good" year.
Treatt trading in line, Q1 sales up 9%
Treatt said on Friday that it has made a good start to the new financial year, trading in line with management expectations.
Berenberg slightly lowers target price on Direct Line
Analysts at Berenberg very slightly lowered their target price on insurance group Direct Line from 160. 0p to 159. 0p on Friday following the announcement of its quota share deal.
Bookings jump at On the Beach
Shares in On the Beach Group shone on Friday, after the online holiday retailer reported a strong start to the year.
Motorpoint Group warns on profits amid fall in electric vehicle values
Vehicle retailer Motorpoint Group warned on Friday that profitability will be negatively impacted by a fall in electric vehicle values for the "foreseeable future".
Europe open: Shares muted after US GDP data
European stocks hovered around the flatline on Friday as better-than-expected US GDP figures for the fourth quarter were tempered by data that showed domestic demand had slowed in the world's biggest economy.
Higher costs hit profits at H&M
Operating profits at Hennes & Mauritz fell sharply in the fourth quarter, the Swedish fashion giant said on Friday, as costs mounted.
London open: Stocks flat but Sainsbury's rallies as Bestway takes stake
London stocks were steady in early trade on Friday as investors continued to mull a better-than-expected US GDP reading a day earlier, with Sainsbury's surging on news that Bestway has bought a stake in the supermarket giant.
Rolls Royce chief says company is a 'burning platform'
Rolls Royce's new boss told staff the engineering group was a "burning platform".
Adani shares suspended as US short seller 'fraud' claims sparks selloff
Shares in Indian conglomerate Adani were suspended on Friday after plunging 15% as US short seller Hindenburg published an explosive report accusing it of "brazen" corporate fraud.
Paragon Banking Group raises FY23 net interest margin guidance
Paragon Banking Group raised its guidance for net interest margins in the 2023 fiscal year.
Bestway Group takes stake in Sainsbury's, Paragon Banking Group raises margin guidance
London open The FTSE 100 was being called to start the session 13 points higher at 7,774.