Market Report
BNN Technology set for AIM delisting on Monday
BNN Technology announced on Friday that it has not appointed a replacement nominated advisor, and as such its ordinary shares will be de-listed on AIM as of 0700 GMT on 12 February.
Nationwide maintains position amid tough market
Nationwide Building Society published its interim management statement for the period from 5 April to 31 December on Friday, reporting that underlying profit increased to £883m from £866m year-on-year, while statutory profit fell to £886m from £946m.
Amazon not backing down from Premier League TV auction
Analysts believe that Facebook, Google and Netflix are no longer interested in bidding for the Premier League’s broadcasting rights but Amazon may still look to tackle current owners Sky and BT in the forthcoming TV auction.
Asia report: Markets finish week in miserable fashion
Markets in Asia finished lower on Friday, after another red session on Wall Street overnight saw US stocks extend their massive losses sustained earlier in the week.
Europe midday: Stocks dip, traders hesitant
Stocks are trading just slightly lower come midday, with traders drawing a degree of comfort from the slight bid evident in US equity futures before the opening bell on Wall Street.
Ten Entertainment buys sites in Chichester and Warrington
AIM-listed ten-pin bowling company Ten Entertainment Group has acquired two new sites in Chichester and Warrington, taking its estate to 42 sites and continuing its acquisition strategy.
Unisys hits other targets while earnings fall
Information technology giant Unisys issued its full-year numbers on Friday, reporting that it generated fourth-quarter total revenue of $747m, representing growth of 3. 5% year-on-year.
Dukemount Capital gets extension on option to buy
Property management and long-dated income provider Dukemount Capital updated the market on its four-month option to buy on Friday, which was signed at the time it completed its second acquisition in North West England in October last year.
S&U sees motor finance record at Advantage division
Motor finance and property bridging lender S&U updated the market on Friday, on its trading for the period from 7 December to its year-end on 31 January.
Schroder European agrees terms to City BKK to surrender Hamburg lease
Schroder European Real Estate Investment Trust announced on Friday that it has agreed terms for City BKK to surrender its lease at the Hamburg office asset in Germany, in return for a cash payment to the company of €3. 9m.
London midday: Stocks maintain losses as pound drops on industrial output data
Stocks in London were still in the red by midday on Friday following a selloff in the US and Asia, as investors digested a mixed set of UK data releases.
US pre-open: Stocks seen mostly higher after Thursday's selloff; UPS and FedEx slide
US futures pointed to a mostly higher open on Wall Street on Friday following another sharp selloff the day before.
Bad news for postal operators as Amazon launches delivery service - report
Amazon plans to launch a postal delivery service for businesses in the US, which could spell bad news for the likes of Royal Mail's Parcelforce arm and European rivals DPD and Hermes.
Kepler upgrades Glaxo, says worst-case scenario priced in
Kepler Cheuvreux upped its stance on pharmaceuticals giant GlaxoSmithKline to 'hold' from 'reduce' on Friday, lifting the price target to 1,360p from 1,340p as it said the worst-case scenario for the stock was now priced in.
UK December industrial production hit by Forties pipeline closure
Industrial production sank at the end of last year, but economists were quick to point out that the plunge was entirely due to the shutdown of the North Sea Forties oil pipeline.
Two hikes in Bank Rate should not come as great shock, BoE's Broadbent says
Two interest rate hikes over the course of 2018 should not come as a great shock, the Bank of England's number two official suggested on Friday.
Plus500 gets commodity broker's licence in Singapore
AIM-listed contracts-for-difference provider Plus500 said on Friday that its subsidiary in Singapore has been granted a commodity broker's licence by International Enterprise Singapore.
SSE secures value in derated capacity agreements
SSE has provisionally secured agreements to provide a total of 4,177MW (megawatts) of derated electricity generation capacity from October 2021 to September 2022 in the GB Capacity Market auction, it announced on Friday.
Talktalk hits new low as analysts clash, institutions 'revolt'
Talktalk's profit warning and proposed placing elicited a mixed reaction among City analysts and institutional investors, with Goldman Sachs unimpressed and reiterating its 'sell' recommendation, while RBC Capital Markets hoped this was the beginning of a new era.
Hogg Robinson surges on AmEx offer as it agrees sale of Fraedom business
Shares in Hogg Robinson surged on Friday as the business travel group announced a takeover offer from American Express and said it has agreed to sell its payments technology business, Fraedom, to Visa Inc.