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HSBC-backed Monese said to be planning breakup
HSBC-backed technology company Monese - which was in talks to raise funding at a valuation of over £1bn four years ago - is reportedly set to break itself up amid mounting losses.
Billionaire Issa nearing deal to sell Asda stake to TDR Capital - report
US private equity firm TDR Capital is reportedly closing in on a deal to buy petrol station billionaire Zuber Issa’s stake in supermarket chain Asda.
Broker tips: DS Smith, Man Group
Numis downgraded its stance on packaging group DS Smith on Friday to ‘hold’ from ‘buy’ as it said there was insufficient upside to retain a buy rating.
US open: Stocks mixed amid Middle East tensions; Netflix slumps
US stocks were mixed in early trade on Friday amid growing tensions in the Middle East, with Netflix under the cosh after results.
FTSE 100 movers: Mondi, retailers under the cosh
London’s FTSE 100 was down 0. 5% at 7,840. 05 in afternoon trade on Friday.
US pre-open: Stocks to edge down amid Middle East tensions
US futures pointed to a slightly weaker open on Wall Street on Friday amid growing in tensions in the Middle East.
DS Smith tumbles as Mondi abandons pursuit
DS Smith tanked on Friday after Mondi said it would not be making an offer for the rival packaging group, clearing the path for a takeover by International Paper.
UK consumer confidence hits best level in two years - Deloitte
UK consumer confidence hit its highest level in two years in the first quarter of 2024 as inflation eased, according to a survey released by Deloitte on Friday.
Numis downgrades DS Smith to ‘hold’
Numis downgraded its stance on packaging group DS Smith on Friday to ‘hold’ from ‘buy’ as it said there was insufficient upside to retain a buy rating.
Man Group AUM jump 5% in Q1, Woodside Energy output drops
London open The FTSE 100 was being called to open around 60 points lower than Thursday's close of 7,877. 05 - a drop of 0. 8%.
UK retail sales stagnate in March
UK retail sales were flat in March, undershooting expectations, according to figures released on Friday by the Office for National Statistics.
Friday newspaper round-up: Thames Water, Netflix, consumer confidence
“Misleading” and “inconsistent” labels make it hard for shoppers to know where their food comes from, the consumer champion Which? has said, as it found supermarket chains were selling products with “meaningless” statements on their packaging. Retailers must supply the “country of origin” for specific foods including fresh fruit and vegetables, unprocessed meats, fish, wine and olive oil but the rules do not generally apply to processed meat or frozen or processed fruit and vegetables.