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S&P reaffirms US long-term credit rating
Standard&Poor´s reaffirmed its rating on the long-term sovereign debt of the US, albeit while highlighting the need for policies oriented towards the medium-term.
Yen strengthens after slightly stronger than expected Japanese data
Deflationary pressures in Japan worsened a tad in May, alongside a larger drop in household spending.
Eurozone manufacturing PMI rises to six-month high
Eurozone manufacturing growth rose to a six-month high in June, according to Markit, although it warned that the data was gathered before the UK’s decision to the leave the European Union.
Oracle ordered to pay $3 billion to Hewlett-Packard
A jury in California have ordered Oracle to pay $3bn in damages to Hewlett-Packard Enterprise after a case related to HP's Itanium servers, according to a spokeswoman for the Redwood-based company.
London open: Equities slightly higher on stimulus hopes
London stocks opened higher on Friday, underpinned by expectations of fresh stimulus from the Bank of England and possibly from the European Central Bank.
Europe open: Stocks edge higher on stimulus hopes
European stocks edged higher in early trade, underpinned by expectations of further central bank stimulus.
Electra partially realises Allflex investment
Electra Partners announced on Friday that, on behalf of Electra Private Equity, it has partially realised its investment in Allflex Corporation in a series of transactions between Allflex, its shareholders and Public Sector Pension Investment Board, a Crown corporation in Canada.
Some Deusche Boerse shareholders undecided on merit of LSE tie-up, report says
LSE shareholders continued to support a tie-up with German peer Deutsche Boerse, but some of the latter´s main investors remained undecided about whether to tender their shares, according to a report.
British Gas offers smart meter users free electricity at weekends
Centrica-owned British Gas is offering customers with smart meters eight hours of free electricity at the weekend.
China manufacturing sector weakens but services show improvement
Data out of China on Friday showed the manufacturing sector weakened in June, but the services sector improved.
John Laing completes purchase of US highway service area provider
John Laing Infrastructure Fund (JLIF) said it has completed the acquisition in Project Service LLC, the provider of 23 motorway service plazas in the US State of Connecticut, adding that it had hedged half the purchase price ahead of the UK vote to leave the European Union.
RSA completes withdrawal from South America with sale of Uruguay unit
RSA closed the sale of its subsidiary in Uruguay to local rival Suramericana S. A. , completing its withdrawal from South America.
AstraZeneca signs up to $1bn deal with LEO Pharma
Pharmaceutical giant AstraZeneca announced on Friday it has entered into agreements to support its strategic focus on three main therapy areas - respiratory, inflammation and autoimmunity; cardiovascular and metabolic disease; and oncology.
Friday newspaper round-up: BoE, BHS, Heathrow
The governor of the Bank of England sent bond yields to fresh record lows and the pound sliding after he signalled more quantitative easing and indicated interest rates would be cut to cushion the economy from the impact of Brexit. The prospect of lower interest rates, already at historical lows, and a return of the Bank of England’s bond-buying programme to stimulate the economy sparked a sell-off of sterling but lifted shares. In London yesterday the pound dropped 1.
Synthomer closes acquisition of US-based Hexion PAC
Synthomer completed the acquisition of rival US-based Hexion Performance Adhesives & Coatings for a total cash consideration of $226m, funded via existing cash resources and the utilisation of additional credit facilities. Hexion´s China business, which accounts for about 1. 0% of the parent company´s sales, would be subject to a deferred completion, which was expected for the third quarter of 2016.
BHP suffers legal setback in Brazil
London open Britaoin´s top flight index was seen starting the session higher by 35 points from Thursday´s closing mark of 6,504. 33.
London pre-open: Stocks seen higher on stimulus hopes
London stocks were expected to open higher on Friday, underpinned by expectations of fresh stimulus from the Bank of England.
BHP Billiton Samarco settlement suspended by Brazil court
BHP Billiton's plans to settle claims over the 2015 Samarco mine disaster suffered a blow on Friday when a Brazilian court reinstated a AUD$8bn public civil claim.