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Hold onto defensive stocks, Citi says
Defensive stocks are expensive on some metrics after having outperformed the market by a wide margin since the 2007 but investors would be best advised to hold on to them, analysts at Citi said.
Cairn India boss Mayank Ashar resigns
Cairn India said its managing director and chief executive (CEO), Mayank Ashar, has resigned, with chief financial officer Sudhir Mathur stepping in as acting CEO.
Fiat Chrysler shares dip over emissions meeting squabble
Shares in Fiat Chrysler Automobiles were down almost 2% in Europe as a red-tape squabble between the transport ministers for Germany and Italy came to the fore.
Headlam's operating margin shows signs of improvement
Shares in floor-coverings distributor Headlam trudged higher after it said group revenue growth so far in 2016 had fed through to help its operating margin show signs of improvement.
John Menzies' aviation, distribution divisions progressing well
John Menzies has made a good start to the year, in line with directors' views, and said both its aviation and distribution divisions are progressing well.
Broker tips: Coca-Cola HBC, Shire, Centamin
Beverage bottler Coca-Cola HBC shares jumped on Friday after Citigroup upgraded the stock to ‘buy’.
China New Energy says Sunbird close to getting Zambia approvals
China New Energy noted the jump in its share price on Friday and said its prospective partner, Sunbird Bioenergy Africa Limited is edging closer to getting the necessary approvals to begin a project in Zambia.
Future's outlook steady as first-half revenues slip
Digital and print media company Future said its expectations for the full year are unchanged, but its shares fell almost 6% as it reported lower first-half revenues.
Conviviality sees annual EBITDA ahead of market views
Conviviality sees its full-year EBITDA coming in marginally ahead of market expectations as the company confirmed sales up 137% to about £864m in the 53 weeks to 1 May.
UK industrial orders improve in May - CBI
UK industrial orders improved marginally in May with the order balance down 8%, from a drop of 11% in April and against the market's expectation for a fall of 13%, a Confederation of British Industry (CBI) survey showed today.
Coca-Cola HBC rallies on Citigroup upgrade
Beverage bottler Coca-Cola HBC shares jumped on Friday after Citigroup upgraded the stock to ‘buy’.
JPMorgan adds Shire to 'Analyst Focus List'
JPMorgan Cazenove lifted its price target on overweight-rated Shire to 5,600p from 5,300p and added the stock to its 'Analyst Focus List', saying the acquisition of US-based Baxalta builds a more sustainable company trading at a compelling valuation.
Metal Tiger reports good assay results from Botswana JV
Metal Tiger said it was pleased with the latest set of assay results from its Botswana copper belt joint venture with Australia's MOD Resources.
Market relieved by provisional CMA Ladbrokes-Coral findings
Investors were seemingly pleased with the provisional findings of the Competition and Markets Authority into the merger between bookmakers Ladbrokes and Gala Coral, with a smaller number of outlets needed to be sold than anticipated.
Kodal Minerals acquires International Goldfields, appoints CEO
Mineral exploration and development company Kodal Minerals announced on Friday it has completed its acquisition of International Goldfields (Bermuda), as well as a £0. 68m fundraising.
Europe midday: Stocks in the black as resources advance
European stocks rose on Friday, bouncing back from the Fed-fuelled losses of the previous session.
DDD Group agrees new secured loan with Arisawa
Advanced imaging company DDD Group announced on Friday that it has entered into an agreement with Arisawa Manufacturing Company for a $0. 75m secured loan, under the existing authorities granted by its board.
EgyptAir says debris found in Med is from missing plane
EgyptAir said said debris from its missing flight from it Paris to Cairo has been recovered in the Mediterranean.
Chris Lea the new finance boss at IndigoVision
Video surveillance systems producer IndigoVision announced on Friday that Chris Lea had joined its board with immediate effect, and was gearing up to take over as its chief financial officer.