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Credit Suisse raises Acacia Mining's target price and earnings forecast
Acacia Mining’s shares rose as Credit Suisse (CS) raised its target price to 380p from 300p and reiterated an ‘outperform’ rating on the stock.
Europe open: Hawkish Fedspeak weighs on stocks
European stocks were on the back-foot at the start of the session, with 'hawkish' Fedspeak overnight helping to push the Stoxx 600 lower for a third consecutive week.
London open: Stocks fall as investors digest BoE's 'Super Thursday'
UK stocks fell on Friday as investors continued to digest the Bank of England’s ‘Super Thursday’.
Currency headwinds take fizz out of Coca-Cola Q1 revenues
Weak emerging country currencies and a strong euro combined to hit sales at bottler Coca-Cola HBC, with net sales revenues down 2. 7% to €1. 3bn in the first quarter.
German GDP growth jumps past forecasts in first quarter
German economic growth surged at the start of the year, as strength in domestic demand offset weakness in exports amply, but analysts expected growth to settle down going forward.
Friday newspaper round-up: PPI, RBS, EU
There are “serious risks” of further mis-selling scandals erupting in the financial services industry and stronger action is needed to tackle problems with the culture of firms, MPs have warned. The public accounts committee (PAC) also said it was a “failure of the system of regulation and redress” that claims management firms have made up to £5bn from PPI (payment protection insurance) payouts – the equivalent of £1 in every £4 recuperated. - The Guardian.
Unite's accommodation fund launches £125m bond issue
Student accommodation developer and manager The Unite Group announced on Friday the launch and pricing of £125m in bonds issued by the Unite UK Student Accommodation Fund (USAF), under its existing debt funding platform established in June 2013.
London pre-open: US consumption spending, German GDP in focus
Stocks were being called to start the session slightly lower ahead of key economic data due out later in the day Stateside, with traders mulling over the latest Fedpseak overnight.
Scottish Mortgage NAV, earnings down; dividend up
Scottish Mortgage Investment Trust said it made a full year £6. 6m loss on investments against a £747. 8m gain a year earlier as turbulent equity markets hit share prices.
Coca Cola HBG sales hit by FX moves
London open The Footsie is being called to start the session 11 points lower from Thursday's closing level of 6,104. 19.
AB InBev shuffles assets with Ambev ahead of SABMiller combination
Megabrewers Anheuser-Busch InBev and FTSE 100-traded SABMiller did some asset-shuffling with Brazilian brewer Ambev this week, ahead of the proposed combination of the British and Belgian companies.