Market Report
E-therapeutics to receive two milestone payments from Galapagos
E-therapeutics has met two key milestones in its collaboration with small-molecule medicines specialist Galapagos, it announced on Friday.
India government approves Oilex work programme at Cambay
Oilex announced on Friday that the government of India has approved the Cambay PSC work programme and budget for the 2021-2022 Indian financial year.
UK economy continues to accelerate in April as lockdowns are eased, PMIs show
Manufacturing and services activity in Britain accelerated further at the start of the second quarter, with the former expanding quickest as lockdowns were eased, two closely-followed surveys showed.
Photo-Me ups guidance after stronger than expected start to year
Photobooth operator Photo-Me International said on Friday that it had performed better than expected in the first five months of its trading year, driven by stronger than anticipated trading momentum in Japan.
UK Commercial Property confident after tough 2020
UK Commercial Property reported a year-end net asset value of £1. 1bn in its final results on Friday, representing a negative total net asset value return in the year of -0. 9%, as valuations came under pressure amid the Covid-19 pandemic.
Europe open: India Covid surge, US tax hike reports mute sentiment
European markets were muted on Friday as investors kept a wary eye on the Covid-19 surge in India and reports of broader US tax rises.
London open: Stocks dip after reports of US tax hike plans hit Wall Street
Stocks have started lower at the end of the week, tracking profit-taking on Wall Street overnight, after Bloomberg reported that Democrats in Congress wanted to double the capital gains tax to nearly 39. 6%.
Bloomsbury acquires Red Globe Press from Macmillan Education
Publisher Bloomsbury Publishing has agreed to acquire certain assets of Red Globe Press from Macmillan Education for a total consideration is £3. 7m.
Pantheon International reports good net asset value growth in March
Pantheon International reported an unaudited net asset value per share of 3,274. 4p as at 31 March on Friday, making for an increase of 119. 5p, 3. 8%, from the end of February.
Senior trades in line during Q1
Manufacturing company Senior said on Friday that it had traded in line with expectations throughout the first quarter, leading the group to reiterated guidance for the full year.
GlaxoSmithKline gets US FDA approval for 'Jemperli'
GlaxoSmithKline announced on Friday that the US Food and Drug Administration (FDA) has approved ‘Jemperli’, or dostarlimab-gxly, based on its Biologics License Application.
Audioboom expects FY revenues 'significantly in excess' of current expectations
Podcast company Audioboom said on Friday that "strong" sales momentum has continued across the group, with signed advertising bookings for the year now representing more than 95% of recently upwardly revised revenue forecasts for 2021.
LondonMetric sells two long income assets, GSK gets US approval for 'Jemperli'
London open The FTSE 100 is expected to open 30 points lower on Friday, having closed up 0. 62% on Thursday at 6,938. 24.
London pre-open: Stocks set to dip tracking profit-taking on Wall Street
Stocks are set for a lower start at the end of the week, tracking profit-taking on Wall Street overnight after Bloomberg reported that Democrats in Congress wanted to double the capital gains tax to nearly 39. 6%.
Friday newspaper round-up: Jaguar Land Rover, Greensill Capital, Alphawave, Foxtons, Irish border
Jaguar Land Rover has suspended production at two of its three car manufacturing sites as a worldwide shortage of computer chips forces the global automotive industry to slam on the brakes. Thousands of workers at the Halewood plant on Merseyside and the main Jaguar factory at Castle Bromwich in the West Midlands are to be stood down from Monday for an unknown amount of time. - The Times.
US close: Stocks weaker even after jobless claims beat
Wall Street stocks closed in negative territory on Thursday, despite a better-than-expected jobless claims report.