Market Report
Heathrow pre-tax profit surges as it prepares for expansion
Heathrow posted its results for the 2016 calendar year on Friday, with revenue rising 1. 5% to £2. 81bn and adjusted EBITDA improving 4. 8% to £1. 68bn.
Results round-up: RBS, IAG, Pearson, Standard Life
Shares in Royal Bank of Scotland fell on Friday after it said losses widened in the year to 31 December - its ninth consecutive loss - as it was hit by legacy issues.
Broker tips: National Express, Drax, BAE Systems
Investec has upgraded National Express to 'buy' from 'hold' and hiked the price target to 385p from 335p.
FTSE 100 movers: RBS, StanChart under the cosh; Pearson gains
London's FTSE 100 was down 0. 9% to 7,205. 19 in afternoon trade, dragged lower by disappointing results from RBS and Standard Chartered.
Cambridge Cognition, Takeda team up for depressive-disorder study
Shares in Cambridge Cognition rose more than 9% on news it has teamed with Japanese pharmaceutical Takeda to pilot the use of an Apple Watch app to monitor and assess cognitive function in patients with major depressive disorder.
Week ahead: Trump and US Federal Reserve in focus
Barring any unexpected events, Trump and the US Federal Reserve would be the main focus for global financial markets over the coming week.
Foresight acquires Sandridge solar farm
Foresight Solar Fund announced the completion of its second largest acquisition to date and its second acquisition of 2017 on Friday, a 100% interest in a 49. 6 MW operational UK solar asset, Sandridge solar farm, located in Wiltshire.
Candover NAV drops as it pays down debt
Candover Investments issued its preliminary unaudited results for the year to31 December on Friday, with a net asset value per share of 163p, which represented a 10% increase over the second half, but a 33% decrease compared to the prior year.
Audioboom continues squeeze-out to acquire SONR
Audioboom confirmed on Friday that it had received a further acceptance of its offer to purchase the entire issued share capital of SONR News, following its announcements on 25 January and 1 February over the acquisition of SONR.
PowerHouse demonstration unit to be sited at Thornton Science Park
PowerHouse Energy updated the market on the movement of its G3-UHt ultra-high temperature demonstration gasification system on Friday, which was enroute from Australia to the UK, moving to its final transshipment point prior to its expected arrival in the UK in late March 2017.
Edenville Energy relinquishes uranium prospecting licence
Edenville Energy announced on Friday that as it was now concentrating on advancing activities at its Rukwa coal deposit, its exploration prospecting licence for uranium had been relinquished.
Standard Chartered grows underlying FY profits, fourth quarter mixed
Standard Chartered saw operating income fall in 2016 and continued to hold back on paying a dividend, but the Asia-focused bank reported better underlying profits and ended the year with income stable, lower costs and a much improved balance sheet.
National Express boosted by Investec upgrade
Investec has upgraded National Express to 'buy' from 'hold' and hiked the price target to 385p from 335p.
Micro Focus keeps guidance unchanged as HPE reports
Micro Focus International reconfirmed on Friday that it did not expect to grow revenue in its current financial year, while also noting overnight results showed HPE Software saw revenues fall but profits margins improve strongly ahead of their $8. 8bn agreed merger.
Google's self-driving car operation accuses Uber of technology 'theft'
Ride-hailing company Uber Technologies has been accused of theft from Google's self-driving technology company, Waymo.
Asia report: Markets lower as Samsung executives offer to resign
Markets in Asia were mostly lower on Friday, with investors turning their attention to Samsung Group after reports emerged that some of its executives had offered to resign amid the presidential cash-for-influence scandal.
London midday: Banks pace the decline as RBS, StanChart disappoint
Banking stocks paced the decline in London on Friday as investors waded through a deluge of earnings, with RBS and Standard Chartered in focus after disappointing results.
Europe midday: RBS, BASF push stocks lower as France election jitters seep in
European stocks retreated on Friday, dragged lower by earnings from Royal Bank of Scotland and German chemical giant BASF, as well as market jitters about the prospect of a Marine Le Pen victory in France.
Drax loses power on Morgan Stanley downgrade
Power generation company Drax was under the cosh after Morgan Stanley downgraded its stance on the stock to 'underweight' from 'equalweight', saying there are more attractive opportunities elsewhere.
Italian business confidence picks up in February, even as consumer sentiment sours
The mood of Italian consumers continued to darken in February even as manufacturing businesses grew more confident.