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FX round-up: Doves, hawks and black swans; the avian life of pre-Brexit sterling
Sterling buzzed in higher on most major crosses today as an unfamiliar calm took root amid a two-day suspension of Brexit campaigning after the murder of Labour MP Jo Cox on Thursday.
Engineers, oil equipment lead gains
Somewhat reduced angst around the outcome of the upcoming 23 June referendum saw shares of industrial engineers and banks bounce back, alongside a sharp bounce in oil equipment stocks as crude oil futures recovered.
Brexit could threaten M&A in Europe, says Intralinks
Brexit could threaten the number of mergers and acquisitions (M&A) which occur across Europe, according to a survey by Intralinks Holdings on Friday.
Europe close: Stocks bounce back, led by banks
European stocks rose on Friday, underpinned by strong bank shares and firmer oil prices as worries about Brexit receded, at least for now.
Viacom warns on Q3 profit, blames Turtles
US media titan Viacom says its third-quarter earnings will fall below market forecasts, blaming this on the under-performance of the latest Teenage Mutant Ninja Turtles film.
Directors dealings: BAE Systems finance chief forced to sell shares
BAE Systems's finance chief was forced to liquidate a substantial part of his holdings in the company he helps run, pursuant to a divorce settlement.
Small caps news round-up
ZincOx Resources has raised £300,000 at 1p a share, proceeds going to working capital and various opporunities over the next 12 months using its metallurgical expertise. It is working with EETAC, a consortium of US and international investors, which is examining the possibility of b.
London close: Stocks close higher as Brexit worries subside
The FTSE 100 ended higher on Friday as campaigning on the European Union referendum was suspended until Saturday following the death of a British MP.
Mars asks McDonald's to stop using M&Ms
The world’s biggest candy company is so concerned about sugar, it’s asking the world’s biggest hamburger chain to consider going a bit easier on the desserts.
Friday newspaper share tips: Facebook, LinkedIn and Wincanton
LinkedIn's sheer number of users -- more than the US has citizens -- didn't prevent it from getting bought out by Microsoft, writes the Financial Times' Lex column.
ZincOx raises £300,000 for working capital, other opportunities
ZincOx Resources has raised £300,000 at 1p a share, proceeds going to working capital and various opporunities over the next 12 months using its metallurgical expertise.
Google developing "common sense" search engine in new Zurich base
Google is enlarging its focus on artificial intelligences in their new European research centre in Zurich. The centre will aim to advance AI technology in various areas, including the intention to teach machines basic common sense.
Week ahead: All eyes on referendum outcome
Thursday, 23 June, and the result of the UK’s referendum on whether or not to continue within the European Union is all that will matter this week for financial markets.
Lagarde doubts IMF's role in Greece bailout
The head of the International Monetary Fund (IMF) has questioned its participation in Greece’s €86bn bailout on Friday.
Imperial Innovations celebrates Cell Medica collaboration
Imperial Innovations celebrated success at one of its investee companies on Friday, noting the announcement from Cell Medica of an exclusive licensing agreement and co-development partnership with the Baylor College of Medicine to create next-generation cellular immunotherapy products for the treatment of cancer.
Siemens and Gamesa merge wind turbine units, create new leader
Siemens and Gamesa agreed to combine their wind-turbine manufacturing operations, creating a new world leader in terms of installed capacity worldwide.
US open: Stocks fall amid Brexit worries
US stocks fell on Friday, reversing the previous day’s gains, as investors showed risk-aversion ahead of Britain’s European Union referendum next week.
Sole customer sends termination notice to CDialogues
The future of CDialogues was hanging in the balance on Friday, as the AIM-traded company announced it has received a notice of termination from Numbase in respect of the four contracts from which it generates all of its current revenues.
Bernie Sanders deflects praise onto supporters
Bernie Sanders' talk of revolution has quietened down somehat for now, but for him and his supporters the real work may just be beginning.