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Pound hits six-month high versus dollar despite neck-and-neck referendum race
The pound hit a six-month high against the US dollar on Thursday, underpinned by expectations that UK voters will opt to remain in the European Union at Thursday’s referendum, despite opinion polls showing the race was neck and neck.
Europe open: Stocks rise as UK voters head to the polls
European stocks rose in early trade as voters in the UK headed to the polls for the European Union referendum.
BGEO buys up rest of Georgian Global Utilities
BGEO Group announced on Thursday that its wholly-owned subsidiary JSC BGEO Investments has acquired the remaining 75% equity stake in Georgian Global Utilities for cash consideration of $70m.
Tesco sales growth continues as Harris + Hoole sale proposed
First-quarter results from Tesco confirmed sales growth continued for the second successive period, while chief executive Dave Lewis revealed plans to sell the Harris + Hoole coffee shop chain to Caffè Nero.
DS Smith full-year revenue up, boosted by acquisitions
FSTE 250 packaging company DS Smith reported a small jump in full-year profit as revenue grew, partly thanks to acquisitions.
Cobham wins $200m Airbus contract
Cobham Aerospace Communications said it had won a contract worth up to $200m from Airbus to supply a new safety system with the potential for extra revenue.
Weir disposes of two renewables-focused operations
Engineering company The Weir Group announced on Thursday the disposal of two renewables-focused operations - American Hydro Corporation and Ynfiniti Engineering Services - for a combined initial consideration of £34. 4m, rising to £36. 7m subject to certain conditions being satisfied.
London pre-open: Stocks seen a little higher as referendum gets underway
London stocks were seen opening a little firmer on Thursday as Britons start heading out to the polling stations to vote on the UK’s EU membership.
Thursday newspaper round-up: Brexit banks, Brexit views, Brexit traders, National Grid, CMA
City banks have reportedly drawn up a list of demands for politicians if the UK leaves the EU today, calling for the slashing of red tape, open borders and a push to underpin the country’s status as a financial centre outside the EU. Confidential documents from TheCityUK lobby group show the group has a plan to mitigate the damage caused by a Brexit, and suggest it would be possible to promote a “relatively better long-term economic outlook for the UK” which would “promote financial stability” outside the European Union.
US authorities recommend against AstraZeneca flu vaccine
Pharmaceutical giant AstraZeneca confirmed disappointing news to investors on Thursday, with updated guidance from US regulators recommending against its FluMist Quadrivalent influenza vaccine.
Tesco sales grow again, AstraZeneca flu vaccine rejected
London open The FTSE 100 is predicted to open 19 points higher on Thursday.
Meggitt wins $21m US contract for F16 actuator
Meggitt said its safety systems unit has won a five-year indefinite-delivery/indefinite-quantity contract worth up to $21m for the two-place seat canopy actuator on the F16 fighter jet from the US Defense Logistics Agency.