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Weekly review
The FTSE 100 ended the week down 97. 19 points, or 1. 18%, closing at 8,155. 72 on Friday.
London close: Stocks fall on day of global IT chaos
London's stock markets closed in the red on Friday, affected by a significant global IT outage and a drop in UK retail sales.
Yellow Cake reports strong year as uranium prices rise
Yellow Cake reported a significant rise in its full-year financial performance on Friday, driven by a substantial increase in uranium prices.
FRP Advisory acquires Lexington Corporate Finance for £3m
Business advisory firm FRP Advisory Group announced the acquisition of Lexington Corporate Finance on Friday, for total consideration of £3m, plus an additional amount for net assets acquired of about £0. 5m.
Bridgepoint upgrades full-year expectations after solid first half
Bridgepoint Group upgraded its full-year expectations on Friday, after reporting a stronger-than-expected financial performance for the first half, driven by successful fundraising and robust capital deployment.
Praxis Group mulling offer for Capital & Regional
Praxis Group announced on Friday that it was in the preliminary stages of considering a potential cash offer for Capital & Regional.
Big Technologies non-executive chair steps down
People monitoring technology specialist Big Technologies announced the resignation of its independent non-executive chair Simon Collins on Friday.
GSK application for myeloma treatment accepted by EMA
GSK announced on Friday that the European Medicines Agency (EMA) has accepted its marketing authorisation application for ‘Blenrep’, or belantamab mafodotin, in combination with bortezomib plus dexamethasone - ‘BorDex’, or pomalidomide plus dexamethasone - PomDex, for treating relapsed or refractory multiple myeloma.
United Utilities affirms financial guidance in trading update
United Utilities Group reported sustained strong operational performance in an update on Friday, affirming its financial guidance for the 2024-2025 period remained unchanged.
Harworth makes £8.5m land sale to Taylor Wimpey
Harworth Group announced the completion of an £8. 5m sale on Friday, of 15. 6 acres of serviced residential land at its Stopes Road development near Little Lever in Bolton, to Taylor Wimpey UK.
CMA approves Nationwide's acquisition of Virgin Money UK
Virgin Money UK announced on Friday that its has received unconditional approval from the Competition and Markets Authority (CMA) for its acquisition by Nationwide Building Society.
Taylor Maritime subsidiary gets approval to take full ownership of Grindrod
Taylor Maritime Investments (TMI) announced on Friday that its subsidiary, Grindrod Shipping Holdings, has received approval from Singapore’s High Court for its selective capital reduction.
Asia report: Most markets fall as Japan's inflation holds steady
Asia-Pacific markets mostly declined on Friday, mirroring Wall Street's downturn as investors rotated out of tech stocks and booked profits from recent equity rallies.
Segro sells logistics warehouse portfolio, consumer stocks in focus
London open The FTSE 100 is expected to open 34 points lower on Friday, having closed up 0. 21% on Thursday at 8,204. 89.
Friday newspaper round-up: Arena Television, social care, Obama, Netflix, Pret a Manger
Liquidators of Arena Television, the failed outside broadcast business at the centre of what has been called Britain’s “largest ever” asset-based lending fraud, are suing Lloyds Banking Group for up to £285 million. Lloyds and its Bank of Scotland subsidiary are accused of processing payments “without authority”, allegedly allowing Arena’s directors to perpetrate a “substantial and wide-ranging fraud” against scores of lenders, court filings show.