Latest News
SocGen starts Ocado at 'sell', notes threat of AmazonFresh
Societe Generale initiated coverage of Ocado at ‘sell’ with a 193p price target, saying the stock was not attractively valued at current levels.
Beximco makes historic drug shipment to Kuwait
Generic pharmaceutical manufacturer Beximco announced on Friday that it has commenced the export of pharmaceuticals to Kuwait.
Tories will not contest parliamentary seat of Cox
The Conservatives will not contest the parliamentary seat of Jo Cox, who was murdered on Thursday outside a library in Bristall, near Leeds.
CentralNic partners with UKCI on .art domain
Domain name sales platform business CentralNic announced on Friday that it has contracted with UK Creative Ideas - the rightsholder for the new top-level domain . art - to be its exclusive registry service provider.
RBC upgrades Imperial Brands on attractive dividend yield
RBC Capital Markets upgraded Imperial Brands to ‘sector perform’ from ‘underperform’ and lifted the price target to 3,700p from 2,900p.
Zidane recruited to sell luxury homes in Mumbai
Zinedine Zidane has been recruited by Indian property developer Kanakia Spaces Pvt to sell luxury homes in the city of Mumbai.
Workspace confirms talks regarding Hammersmith acquisition
Workspace confirmed on Friday that it has been in discussions regarding the potential acquisition of an office campus in Hammersmith for around £120m.
Defensive assets lose shine as Brexit calm prevails
Defensive-assets gold, government bonds, the yen and Swiss franc gave up some of their recent bull gains as a blanket of calm settled over the always polarising and at times acrimonious Brexit debate.
BASF to buy Albermarle coatings unit for USD3.2bn
German chemical producer BASF has agreed to buy US specialty chemicals company Albermarle’s surface treatment division, Chemetall, for $3. 2bn.
UK equity funds suffer second-largest outflows on record, says BofA ML
Figures from Bank of America Merrill Lynch’s weekly ‘flow show’ report showed outflows from UK equity funds were the second-largest on record as Brexit woes took their toll.
US housing starts drop 0.3% in May
US housing starts fell a little less than expected in May, according to data released by the Commerce Department.
FTSE 250 movers: Stocks up as pre-referendum volatility continues
The FTSE 250 was well into green territory in afternoon trading on Friday, in what analysts were calling another instance of volatility ahead of next week's EU referendum.
Apple ordered to halt sales of iPhone 6 models in Beijing
Apple was ordered by intellectual-property regulators in Beijing to stop selling its iPhone 6 and iPhone 6 Plus in the city, alleging its design infringed a patent from a chinese rival, the Wall Street Journal reported.
Record Plc's FY profit falls as firm-wide wage hike lifts expenses
Currency manager Record Plc has booked a lower full year pre-tax profit after implementing a firm-wide pay hike of 10%, also flagging the potential of a special dividend for shareholders going forward.
Results round-up
Kodal Minerals, a mineral exploration and development company, mitigated its full year losses by keeping costs low in its subsidiaries and project investments in Norway and west Africa.
Fed should only raise rates once more until 2018, Bullard says
One of the US central bank’s often most hawkish top officials changed his stripes, turning into one of the most dovish members of the Federal Open Market Committee, the Fed’s main policy-making body.
Bilby wins IPO of the Year award
Bilby, a gas heating and electrical and building services holding company, won the fourth annual IPO of the Year award on Thursday.
FTSE 100 movers: Banks rally; precious metals miners lose their shine
London’s FTSE 100 index was up 1% to 6,010. 82 at 1310 BST, recouping recent Brexit-fuelled losses.
Amerisur modified farmout agreement at Coati
Oil and gas producer and explorer Amerisur Resources updated the market on its Coati contract area in Colombia on Friday, announcing the signing of a modification of the farmout agreement with Canacol Energy.
Admiral names Mumsnet.com co-founder as director
Shares in insurance group Admiral are up almost 1% after it appointed Mumsnet co-founder and chief executive Justine Roberts to its board as an independent non-executive director.