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In his ‘Inside the City’ column for the Sunday Times, Ben Woods was looking at Warrington-based technology company Blue Prism, which was using technology to help automate the repetitive tasks of office workers.
Philip Hammond has announced that he will resign from the government before Theresa May leaves office instead of waiting to be sacked by Boris Johnson. The chancellor is the second cabinet minister to pre-announce his departure after David Gauke, the justice secretary, also ruled out serving under the frontrunner for the Conservative leadership. - The Sunday Times.
London stocks sneaked into the green by the close on Friday, as investors digested news that public sector net borrowing in the UK rose sharply in June and continued to react to Fed developments stateside overnight.
European shares were just above the waterline as they closed on Friday, with a boost from stronger sessions in the US and Asia and renewed hopes of more monetary easing from the US Federal Reserve managing to keep things chugging.
Analysts at Berenberg upped their target price on low-cost carrier EasyJet from 1,120p to 1,150p on Friday, noting that momentum appeared to have improved earlier than they expected.
US asset manager BlackRock fell short of estimates on the Street in its last trading quarter as investment advisory and lending revenues dropped amid a rise in costs.
The UK government is set to publish its results for the telecoms supply chain review, but will leave out its decision on Huawei’s future involvement in the 5G technology development.
Analysts at RBC Capital Markets reiterated their 'top pick' rating on British insurance firm Beazley on Friday, but cut their target price from 700p to 675p, citing a short term negative impact on its earnings.
Beter Bed Holding announced on Friday that it had reached agreement with its banks and major shareholders to facilitate its exit of German mattress discounter Matratzen Concord.
Symphony Environmental Technologies announced an equity subscription for 15,456,900 new ordinary shares by Vincel Investment Holdings on Friday, at a price of 12. 5p each, making for gross proceeds of £1. 93m.
