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Shell to take "good look" at North Sea assets amid Brexit uncertainty
Due to continued low oil prices Royal Dutch Shell is taking a “good look” at its assets in the North Sea as it warns against Brexit uncertainty.
Travel&leisure stocks and financials lead gains
Travel stocks led the way higher at the end of the week as the Footsie advanced towards its largest weekly gain since December 2011, with stock in TUI at the top of the leaderboard but with shares in InterContinental Hotels Group and Carnival close behind as they recovered from falls after the Istanbul airport attacks that killed 43 people.
SolGold executes shirt-term loan with DGR Global
SolGold announced on Friday that its has executed a short-term unsecured loan agreement with DGR Global, to provide up to $7m in funding for the period through to 31 December.
FTSE 100 movers: RBS hit by rating cut; Gold price rise buffs miners
Shares in Royal Bank of Scotland plunged after Morgan Stanley cut its rating on the stock to ‘equal weight’ from ‘"overweight’ and reduced its earnings forecast by a third for 2017, and by a quarter for 2018.
John Lewis of Hungerford confirms third-quarter growth
John Lewis of Hungerford updated the market on its current trading on Friday, confirming its third quarter sales to 31 May were 12. 5% higher than the previous year at £1. 86m.
Plant Impact confirms launches in Argentina, Paraguay
Crop enhancement products researcher and developer Plant Impact announced on Friday that its Fortalis and Veritas products are being introduced to Argentina and Paraguay, respectively.
Gove pledges to meet Brexit mandate but already faces calls to quit Tory race
Controversial Conservative Party leadership contender Michael Gove said his late decision to enter the contest had been driven by his conviction that he could deliver on the vote to leave the European Union.
Directors dealings: BAE Systems non-exec picks up some shares
Elizabeth Corley, a non-executive director at BAE Systems, picked up a hefty amount of shares in the aerospace manufacturer at the end of the week.
BoE reportedly plans to ease banks' capital requirements on Brexit
The Bank of England is said to be planning cuts to bank’s capital requirements as early as next week.
Friday newspaper share tips: Rio Tinto, Hays, PageGroup
Investors in Rio Tinto need not worry about yesterday´s unexpected change of control in Mongolia´s parliament, the Financial Times´s Lex column said.
Twenty banks to invest in UK despite Brexit, says PwC
About 20 start-up banks and financial companies plan to invest a combined £500m to open businesses in the UK despite Brexit, according to an accounting firm on Friday.
Broker tips: Telecom plus, Jimmy Choo, Rolls Royce
Utility group Telecom plus was upgraded to ‘sector perform’ from ‘underperform’ and had its target price raised to 1,050p from 850p by RBC Capital Markets on Friday.
Concurrent Technology claims strength post-Brexit
Embedded computer products designer and manufacturer Concurrent Technology posted a trading update on Friday, over the recent severe weakening in sterling after the UK voted to leave the European Union.
Austrian presidential election must be rerun after result overturned
The constitutional court in Austria has overturned the result of the country's presidential election and ordered a re-run after independent Alexander Van der Bellen won by a majority of only 30,863 votes.
Osborne abandons 2020 budget surplus target
Chancellor George Osborne said he had abandoned his target to restore government finances to a surplus by 2020.
Quartix Holdings progresses 'in all markets'
Subscription-based vehicle tracking supplier Quartix Holdings updated the market on its first half trading on Friday, ahead of the publication of its interim results later in the month.
Europe midday: Stocks struggle to cling onto gains
European stocks were struggling to cling onto gains by midday, as investors weighed up the prospect of further easing by central banks against post-Brexit uncertainty, although equities were on track for a positive finish to the week.
Eco City Vehicles acquiring Tax Computer Systems for £73m
Eco City Vehicles announced on Friday that it has agreed to acquire Tax Computer Systems, a supplier of corporation tax software to the large corporate sector and the accounting profession in the UK and Ireland, for an enterprise value of £73m.
Impact Holdings swings to loss amid legal battle
Specialist lender Impact Holdings announced preliminary results for the year to 31 March on Friday, swinging to a loss of £0. 23m, against last year’s £0. 25m profit, amid a legal battle in which it has stopped recognising revenue.
Ryanair seeks approval for more share buybacks after Brexit
Budget airline Ryanair will hold an EGM in Dublin on 27 July to seek shareholder approval to engage in further share buybacks over the next 15 months to exploit any share price volatility brought on by the EU’s decision to leave the European Union.