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London’s Heathrow airport said some operations would resume on Friday after a fire at a local electricity substation overnight caused a power outage, hitting more than 1,300 flights and disrupting air travel globally.
Advertising agency WPP is reportedly in talks to sell Spafax, a provider of in-flight entertainment which counts some of the world's leading airlines among its clients.
The Financial Conduct Authority announced on Friday that it is to launch an investigation into the pure protection insurance market amid concerns about how adviser commissions are affecting consumers.
US stock markets fell for the second straight day on Friday, as optimism fuelled by the Federal Reserve earlier in the week quickly faded, with blue chips Nike, Micron Technology and FedEx providing a drag as earnings disappointed.
Cruise operator Carnival lifted its full-year earnings outlook on Friday as it reported record revenues for the first quarter, citing outperformance across the board.
Angle announced on Friday the successful completion of assay development projects for AstraZeneca and Eisai, further expanding its portfolio of liquid biopsy solutions and strengthening its position as a partner to the pharmaceutical industry in oncology drug development.
European shares were lower on Friday as investors digested a week of policy decisions from central bankers amid the turmoil of US President Donald Trump’s erratic trade measures, while airline stocks were down after a substation fire closed London's Heathrow airport.
London stocks had extended losses by midday on Friday as data showed that UK borrowing significantly overshot expectations in February, with airlines weaker as Heathrow was forced to shut after a fire at a substation caused a power outage.
Caledonia Mining said on Friday that the publication of its audited financial results for the year ended 31 December would be delayed due to an accounting query raised by its auditors regarding the treatment of deferred tax dating back to 2019.
US stock futures were pointing to further losses on Friday with sentiment being weighed down by ongoing fears about economic growth and a negative reaction to earnings from a number of blue chips.
Power Metal Resources said on Friday that recent geophysical surveys and fieldwork at the Reitenbach Uranium Property in Saskatchewan had identified multiple promising targets, particularly in the northeastern portion of the site.
Volvere said in an update on Friday that it expects to report a 73% increase in group profit after tax to £4. 78m for the year ended 31 December, driven by improved trading at its main operating subsidiary, Shire Foods, and increased finance income from cash deposits.
Helium One reported interim results for the six months ended 31 December on Friday, highlighting operational progress in both Tanzania and the United States, alongside a period-end net cash balance of just over $10m.
Zinc Media Group announced on Friday that it will make a £0. 4m earnout payment to the vendors of The Edge Picture Co following the subsidiary’s strong trading performance and the achievement of earnings targets set out in the original acquisition terms.
Time Out Group announced the opening of its first food and cultural market in Asia on Friday, with the launch of Time Out Market Osaka, its 11th site globally and fifth operated under a management agreement.
OPG Power Ventures said in a trading update on Friday that it expects EBITDA for the year ending 31 March to be in line with market expectations, supported by continued stable operational performance and a strong deleveraging effort.
Asia-Pacific markets ended Friday on a mixed note, with Hong Kong shares sharply lower as investors remained cautious amid ongoing uncertainty about the US economic outlook.
