Latest News
Citi upgrades Mondi to 'buy'
Citi upgraded its stance on Mondi on Friday to ‘buy’ as it said that after a difficult couple of years, the market headwinds of destocking and lower pricing are reversing across the packaging company’s product segments (board, flexibles, paper).
Genedrive test ordered by five Manchester area hospitals
Point-of-care pharmacogenetic testing company Genedrive announced on Friday that it has received initial orders for its Genedrive MT-RNR1 products from five additional UK hospitals in the Greater Manchester area.
London midday: Stocks stay down after retail sales; Intertek bucks trend
London stocks were still in the red by midday on Friday, having taken their opening cue from weakness in the US and Asia, as investors mulled a bigger-than-expected drop in UK retail sales.
Pantheon International net asset value broadly stable in April
Pantheon International announced an unaudited net asset value per share of 489. 7p as of 30 April on Friday, reflecting a 0. 3% increase from the prior month.
Sunrise Resources reports progress on sold Crow Springs project
Sunrise Resources updated the market on its royalty interest in the Crow Springs Diatomite Project in Nevada on Friday.
Acciona trims earnings outlook, shares slide
Shares in Spain’s Acciona fell sharply on Friday, after the energy and construction conglomerate’s first-quarter update disappointed.
Tribal agrees £3.1m settlement with Nanyang Technological University
Tribal Group announced a settlement agreement with Nanyang Technological University (NTU) on Friday, following mediation over their terminated contract.
Berenberg raises target price on BT Group following FY results
Analysts at Berenberg raised their target price on telco giant BT Group from 135. 0p to 155. 0p on Friday, stating the group was now past the free cashflow trough.
Asia report: Regional markets finish week in the red
Asia-Pacific markets experienced significant declines on Friday, following a steep sell-off on Wall Street fueled by concerns over interest rates and the release of inflation data from Japan.
Kinovo FY results seen ahead of prior expectations
Property services group Kinovo said on Friday that it had delivered a "strong performance", with full-year results now anticipated to be ahead of prior expectations.
Wet weather hits retail sales in April
Retail sales fell sharply in April, official data showed on Friday, compounding a revised fall a month earlier.
Ferrexpo inks MoU with Salzgitter Flachstahl
Ukraine-focussed mining company Ferrexpo has signed a memorandum of understanding with Salzgitter Flachstahl for the supply of high-quality direct reduction iron ore pellets for low-carbon steel production.
Coventry Building Society snaps up Co-op Bank in £780m deal
Co-operative Bank Holdings is being taken over by Coventry Building Society in a £780m deal, it was confirmed on Friday, the latest consolidation in the UK banking sector.
Stephen Bird stepping down as Abrdn CEO
Abrdn announced a leadership transition on Friday, with group chief executive officer Stephen Bird stepping down.
London open: Stocks fall as retail sales disappoint
London stocks fell in early trade on Friday, taking their cue from weakness in the US and Asia, as investors mulled a bigger-than-expected drop in UK retail sales.
Europe open: Shares down as inflation hits summer rate cut hopes
European shares opened sharply lower on Friday as worries that persistent inflation could see a delay in planned interest rate cuts this year weighed on sentiment.
Average household energy bills to fall by £122
Average household energy bills are set to fall by £122 this summer, it was confirmed on Friday, after the regulator lowered the price cap.
Jury rules in favour of GSK in Zantac trial
A court in Illinois has ruled in favour of GSK in the first Zantac case to go to trial, the UK drugs giant confirmed on Friday.
German GDP Q1 growth confirmed at 0.2%
Germany's economy grew 0. 2% in the first quarter of 2024 compared with the final three months of last year, confirming a flash estimate, the Federal statistics office said on Friday.
Intertek hails ‘strong’ start to year, underpinned by consumer products arm
Intertek backed its full-year expectations on Thursday as it hailed a strong start to the year, with 7% growth in like-for-like revenue, driven by a recovery in the consumer products segment.