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Revolution Beauty finally reports 2022 numbers, swings to loss
Revolution Beauty Group finally published its audited results for the year ended 28 February 2022 on Friday, with its results coming in seriously below previous expectations after concerns were raised by its auditors last year.
Simpson retiring as Brickability CEO, board taps Michelmersh chief
Construction materials company Brickability announced on Friday that chief executive officer Alan Simpson had decided to retire from his role, and step down as a director.
Asda and EG poised to agree £10bn merger - report
Asda is set to announce a £10bn merger with sister business EG Group, the petrol stations giant, it was reported on Friday.
US pre-open: Stocks to edge up amid signs of debt ceiling progress
US stock futures pointed to a slightly firmer open on Friday as investors assessed signs of progress in debt ceiling negotiations.
Europe midday: Gains slip, but sentiment on US debt talks holds shares higher
European shares slipped off morning highs but were still in positive territory on Friday, driven by rising mining stocks as talks on the US debt ceiling crept towards a resolution.
London midday: Stocks up but off highs; miners rally
London stocks were off earlier highs but still in the black by midday on Friday amid hopes a US debt ceiling deal will be done, as investors mulled better-than-expected UK retail sales data.
New OnTheMarket CFO to take up post in July
OnTheMarket updated the market on the appointment of its new chief financial officer on Friday.
Profits soar at Hurricane as oil prices rocket
North Sea specialist Hurricane Energy reported a surge in annual profits on Friday, as oil prices hit record highs.
US FDA gives priority to Hutchmed's colorectal cancer treatment
Hutchmed China, in collaboration with Takeda, announced on Friday that the US Food and Drug Administration (FDA) has granted priority review for the New Drug Application (NDA) of fruquintinib.
BA cancels more than 50 flights after more computer chaos
British Airways has cancelled at least 50 Heathrow flights at the start of the Bank holiday weekend due to a computer problem affecting online check in.
Asia report: Stocks mixed, tech plays soar on Nvidia rally
Asia-Pacific markets finished Friday in a mixed state, with the influence of Wall Street's overnight tech rally counterbalanced by ongoing concerns over the unresolved US federal debt ceiling issue.
Berenberg upgrades Sabre Insurance to 'buy'
Berenberg upgraded Sabre Insurance on Friday to ‘buy’ from ‘hold’ and hiked the price target to 153p from 93p following an update earlier in the week.
Cryptos rebound, supported by Nvidia and awaiting an agreement in the U.S.
Moderate rebound in the cryptocurrency market. Bitcoin (BTC) has risen almost 1% in the last 24 hours and is trying to regain the $26,500 level, while Ethereum (ETH) has increased 1. 5% and is back to the $1,810 level.
Liberum upgrades Asos to ‘hold’ after equity raise
Liberum upgraded Asos on Friday to ‘hold’ from ‘sell’, but cut the price target to 470p from 500p, as the risk of an equity raise has now materialised.
Asos raises £75m through share placing
Fast fashion retailer Asos has raised £75m from shareholders, it confirmed on Friday, as it looks to shore up its finances.
IntegraFin revenue slips in 'robust' first half
Financial services company IntegraFin reported a “robust” first-half performance for its Transact platform on Friday, with net inflows of £1. 6bn.
RBC Capital downgrades Halfords, shares slump
Halfords was under the cosh on Friday after RBC Capital Markets downgraded the shares to ‘sector perform’ from ‘outperform’ and cut the price target to 220p from 230p.
London open: Stocks rise amid US debt ceiling hopes, after retail sales
London stocks rose in early trade on Friday amid growing hopes that a US debt ceiling deal will be done, as investors mulled better-than-expected UK retail sales data.
Europe open: Shares rally as miners gain, US debt talks inch ahead
European shares rallied on Friday, driven by rising mining stocks as talks on the US debt ceiling crept towards a resolution.
Kin and Carta cuts full-year revenue guidance
Kin and Carta slumped on Friday as it cut revenue guidance after new business growth slowed.