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Exane BNP downgrades Schroders to 'neutral'
Exane BNP Paribas downgraded Schroders to ‘neutral’ from ‘outperform’ and cut the price target 10% to 2,700p as it took a look at asset managers.
Market overview: UK factory output falls sharply in February
0930: Total industrial production decreased by 0. 3% month-on-month, according to the Office for National Statistics. Economists had forecast an increase of 0. 3%. Manufacturing production was weakest, falling by 1. 1% versus January (consensus: +0. 7%).
UK industrial production registers sharp fall in February
British industrial and factory output registered unexpected declines in February, led by a sharp fall in factory output.
Bonmarche slides after cautious outlook
Shares in Bonmarche slid on Friday after the retailer said full year pre-tax profit will be at the lower end of guidance.
French industrial production falls back in February
French industrial production fell back in February, surrendering most of the previous month's gains, possibly heralding weaker economic momentum for the Eurozone as a whole in the second quarter, according to some economists.
London open: Miners lead equities higher
UK equities were led higher by mining stocks on Friday as oil and copper prices rose.
Europe open: Stocks rise as oil and metals prices firm up
European stocks rose in early trade, rebounding from losses in the previous session amid stronger oil and metals prices.
Hikma filing for generic of Glaxo's Advair Diskus accepted by US FDA
Hikma Pharmaceuticals said on Friday that its abbreviated new drug application for fluticasone propionate and salmeterol inhalation powder has been accepted for filing by the Food and Drug Administration in the US.
Laurence Mulliez added to Morgan Advanced Materials board
Morgan Advanced Materials has announced the appointment of Laurence Mulliez to its board as a non-executive director on Friday, with effect from the end of the company’s Annual General Meeting on 6 May.
US close: Yen strength spooks traders
Wall Street finished the day lower, weighed down by losses in the commodities space and banks amid a slide in the value of the US dollar versus the Japanese yen, although there was some better-than-expected news on the jobs front.
Dechra signs Tony Rice up to be chairman
Dechra Pharmaceuticals announced the appointment of Tony Rice to its board as non-executive director on Friday, with a view to elevating him to chairman after the company’s Annual General Meeting in October.
Wood Group buys proprietary software supplier Ingenious
Wood Group announced the acquisition of Houston-based proprietary software supplier Ingenious Inc from its executive leadership team for an undisclosed sum.
London pre-open: Slightly higher open expected
Stocks are set for a slightly higher start to trading despite following a bruising day of trading in FX markets on the previous session.
Tullow Oil confirms damage at Ghana field
Tullow Oil said there has been damage to the turret bearing on a floating production storage and offloading (FPSO) unit at its Jubilee field in Ghana, but the company does not expect this to have any significant impact on revenue.
Associated British Foods to buy rest of Illovo Sugar
Associated British Foods announced on Friday morning that it had reached agreement with the board of Illovo Sugar to acquire the 48. 65% interest in Illovo that it did not already own.
ABF goes on shopping spree
London open The Footsie is being called to start the day 25 points higher from Thursday's closing level of 6,136. 89.
AstraZeneca and Eli Lilly to continue Alzheimer's trial
Pharmaceuticals AstraZeneca and Eli Lilly have decided to continue a pivotal clinical trial for a potential treatment for early Alzheimer’s disease.
Friday newspaper round-up: Cameron, Brexit, Petrofac
David Cameron has bowed to a week of political pressure and disclosed that he had made money from an offshore fund. After days of semi-denials and artfully crafted statements, the prime minister on Thursday night admitted that he and his wife sold shares for more than £30,000 in a fund set up in Panama by his father, who died in 2010. – Financial Times.