Latest News
Telit talks up deal with enterprise software group
Internet of things company Telit Communications announced on Friday it has entered into an agreement with a major global enterprise application software group (EASG) to license and resell the Telit deviceWise platform.
US pre-open: Stocks set for rebound
US futures pointed to a slightly firmer open on Wall Street following the recent Fed-fuelled losses.
London midday: Stocks lifted by rebound in miners
London stocks were given a boost by a rebound in mining shares on Friday as metal prices rose.
Asia report: Markets mainly positive, airlines suffer
Most markets in Asia ended Friday in the green, despite hawkish commentary from the US Federal Reserve flowing across the Pacific.
AquaBounty Technologies leaps as Canada approves GM salmon
Shares in AIM-listed AquaBounty Technologies surged on Friday after the biotechnology group said Health Canada has concluded that its genetically-modified salmon was safe to eat and approved its sale in Canada.
RBC reiterates 'underperform' and cuts target price on Burberry
RBC Capital Markets on Friday reiterated an ‘underperform’ rating on Burberry Group and cut its target price to 1175p from 1250p.
Eurostar blames terrorism for fall in passenger numbers
Channel tunnel passenger operator Eurostar reported a fall in passengers on Friday, citing caution among travellers in the wake of the Brussels terror attacks as behind the performance.
Circle Oil says there could be "little or no value" left for shareholders
Shares in Circle Oil tanked on Friday after it said that given its $77. 5m outstanding debt position and based on the indicative proposals received to date, the outcome of the strategic review is likely to be little or no value to equity holders.
Riverstone Q1 NAV falls, but sees 'fertile' investment opportunities
Investment company Riverstone Energy said its first quarter net asset value fell to $1. 33bn from $1. 34bn at the end of 2015, but said the current oil price slump was creating a "fertile" environment for investment.
Centamin rallies as Morgan Stanley initiates at 'overweight'
Centamin got a boost on Friday as Morgan Stanley initiated coverage of the stock at ‘overweight’ with a 130p price target, saying it was its top pick within the European gold space.
Lack of mid-season sale leads to improved profit at Moss Bros
Menswear retailer Moss Bros reported a 3. 3% rise in total sales in the 15 weeks to 14 May on Friday, as investors gathered for the annual general meeting, with like-for-like sales up 5%.
Europe open: Stocks bounce back as miners, energy issues gain
European stocks rose in early trade, bouncing back from the Fed-fuelled losses of the previous session, taking their cue from positive Asian trading.
London open: Stocks rebound as mining shares rally
UK stocks rebounded on Friday from the previous day’s lows, boosted by a recovery in mining and oil shares, as the Federal Reserve’s meeting minutes faded into the background.
Babcock joint venture secures MOD contract
Babcock’s joint venture with Lockheed Martin, Ascent Flight Training, has been awarded a contract by the Ministry of Defence to deliver the rotary wing element of the UK Military Flying Training System (UKMFTS).
Pendragon to return £20m to investors through share buyback
FTSE 250 car dealership Pendragon on Friday announced an initial share buyback programme to return £20m to investors.
Spectris reported sales up but LFL sales decline
Precision instruments maker Spectris reported a drop in like-for-like sales in a trading update for 1 January to 30 April, but reported sales grew thanks to acquisitions.
London pre-open: Stocks set to rebound from Fed-fuelled losses
London stocks were expected to open in the black on Friday, bouncing back from the Fed-fuelled losses of the previous session.
Meggitt wins $35m Canadian defence contract
Aerospace component maker Meggitt said it has won a $35m contract for surface and aerial targets from Canadian Department of National Defence.
Close Brothers confident over FY; Ladbrokes, Gala Coral may have to sell 400 shops
London’s FTSE 100 was seen starting 57 points higher than Thursday’s close at 6,110.
Friday newspaper round-up: Deutsche Bank, Brexit, BHS, tobacco
Deutsche Bank has become the latest big company to be hit by investor ire over executive pay after shareholders voted down its new remuneration plan for top managers. The vote follows pay rebellions at Citigroup and Renault, and capped a shareholder meeting full of criticism for Deutsche, which made a €6. 8bn loss last year, and is battling to restore its fortunes and reputation after years of poor returns and high legal costs. – Financial Times.