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London open: Stocks gain after ECB stimulus boost
UK stocks rallied on Friday as investors continued to digest the European Central Bank’s bigger-than-anticipated stimulus package.
Old Mutual confirms plans to separate four businesses
Along with preliminary results for calendar 2015, Old Mutual Group announced it will separate its four underlying businesses - Old Mutual Emerging Markets (OMEM), Nedbank, Old Mutual Wealth (OMW) and OM Asset Management (OMAM).
Safestore in deal to buy Space Maker for up to £44m
Self storage firm Safestore said it had agreed an option to take over Space Maker for up to £44. 4m.
Petrofac secures $250m North Sea contract
FTSE 250 oil services group Petrofac has secured a five-year contract worth around $250m (£175m) to act as duty holder supporting Anasuria Operating Company, which is a joint venture between Hibiscus Petroleum Berhad and Ping Petroleum.
Circassia Pharmacuticals reports first revenue
Circassia Pharmaceuticals became a revenue-making business in 2015, and was making firm progress on a number of its products under development, it reported in its preliminary results on Friday.
Pre-merger return to profit for Just Retirement
Pensions provider Just Retirement said six-month pre-tax profits rose to £26. 1m compared to a £9. 2m loss for the same period last year, as the group prepared for its merger with Partnership next month.
Computacenter full year profit up, boosted by disposal
Computacenter posted a rise in full year pre-tax profit as a slip in revenue was offset by a gain from the disposal of its RD Trading recycling subsidiary.
Revenue up, profits down as Wetherspoon chairman backs Brexit
FTSE 250 pubco J D Wetherspoon saw more cash across its bars in the first half of its financial year, with revenue up 6. 2% to £790. 3m from £744. 4m, and like-for-like sales up 2. 9%.
Full year profits bloom at Marshalls as recovery continues
Landscape products group Marshalls has posted a 57% rise in full year pre-tax profits to £35. 3m on the back of an 8% jump in revenue to £386. 2m as the company completed the first phase of its plans to return to profits.
London pre-open: Stocks expected to bounce back
London stocks are set to push higher at the open on Friday, bouncing back from the previous session’s Draghi-fuelled losses following positive trading in Asia.
Friday newspaper round-up: LLoyds Bank, NZ zero hour contracts, Libor traders
The US has been handed a proposal that would end the last vestiges of its control over the internet, touching off a potentially contentious political debate in Washington over the future of cyber space. The proposal was put forward on Thursday by the Internet Corporation for Assigned Names and Numbers (Icann), the international body that oversees the internet’s addressing system. It would lead to the US handing over its role as the ultimate authority for internet naming, in return for an overhaul of Icann’s governance arrangements intended to protect it from government meddling in future.
Old Mutual to separate businesses, JD Wetherspoon sales fizz
London open The FTSE 100 is expected to enjoy a strong start on Friday, rising around 68 points to reverse some of the prior day's declines.