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Amazon team up with Wells Fargo in student loans deal
E-commerce company Amazon has teamed up with United States bank Wells Fargo, with the bank offering discounts and lower interest rates on student loans for those who use the company's Prime Student services.
RBC upgrades Man Group to 'outperform'
Man Group shares rose on Friday as RBC Capital Markets upgraded the stock to ‘outperform’ from ‘sector perform’ and reiterated a target price of 140p.
Beazley posts drop in first-half profit
Lloyd’s of London insurer Beazley posted a drop in first-half pre-tax profit as premium rates declined, although the figure was still better than expected, and the company said Brexit was unlikely to have a material impact.
Investec downgrades EasyJet after Q3 update
Investec downgraded EasyJet to ‘hold’ from ‘buy’ as it cut the price target to 1,100p from 2,050p to reflect the revised outlook following the airline’s third-quarter update on Thursday.
Lakehouse appoints new chairman
Lakehouse has appointed Robert Holt as chairman of the asset and energy support services group following a "challenging" start to the year.
Donald Trump promises to fix America in GOP acceptance speech
The Republican party's national convention finished on Thursday with a rousing speech from their presidential nominee Donald Trump, who promised to fix a broken United States.
Markit's flash eurozone PMI beats expectations in July
Markit’s flash eurozone composite purchasing managers’ index fell less than expected in July.
Alliance Trust NAV up; warns of 'small recession' post-Brexit
Alliance Trust said first half net asset value rose to 591. 4p compared with 545. 9p a year earlier although the uncertainty after the UK's decision to leave the EU caused it to underperform against its benchmark.
Europe open: Stocks little changed as investors eye PMIs
European stocks were little changed in early trade following downbeat US and Asian sessions as investors continued to digest Thursday’s European Central Bank rate announcement.
Big Yellow sees occupancy and revenue improve in first quarter
Self storage company Big Yellow Group posted a trading update for its first quarter to 30 June on Friday, reporting a 3% rise in its lettable area to 4. 55m square feet.
Marks & Spencer shares hit by Barclays downgrade
Marks & Spencer was under pressure on Friday after Barclays downgraded the stock to ‘underweight’ from ‘equalweight’ and slashed the price target to 290p from 410p saying things were likely to get worse before they get better under the new turnaround plan.
London open: Stocks slip ahead of PMIs
Stocks in London edged lower in early trade as investors awaited the release of the UK manufacturing and services purchasing managers’ index.
Sainsbury's £1.4bn Home Retail acquisition gets CMA approval
The £1. 4bn combination of Sainsbury's and Argos owner Home Retail Group was a step closer on Friday, with the Competition and Markets Authority dropping its investigation and allowing the acquisition by the supermarket to proceed.
Electra Private Equity appoints Thomas Cook exec to new CFO role
Electra Private Equity has appointed Gavin Manson to the new role of chief financial officer with effect from 8 August.
Acacia Mining H1 profits shine as sales soar
Interim pre-tax profits at Acacia Mining soared to $101m from $25m as gold prices and sales surged while costs fell.
Vodafone Q1 revenue falls 4.5% on back of weak UK
Vodafone said revenue fell 4. 5% to €13. 37bn in the first quarter including a 5. 3 percentage point negative impact from foreign exchange rate movements.
London pre-open: Stocks seen weaker ahead of PMIs
London stocks were expected to open lower on Friday ahead of a slew of PMI surveys.
Friday newspaper round-up: HSBC, Sports Direct, mobile banking
The former HSBC currency trader at the heart of a US fraud investigation spent more than two years on a panel that advised the Bank of England, it has emerged, as the Department of Justice widens its probe to examine more currency trades. Stuart Scott, who left HSBC in late 2014, has “strongly denied” allegations that he ramped up the price of the pound ahead of a $3. 5bn (£2. 7bn) currency deal for the oil firm Cairn. A warrant was out for the British trader’s arrest yesterday after his former colleague Mark Johnson, HSBC’s global head of foreign exchange, was freed on $1m bail in New York.
CRH lifts first-half earnings estimate by EUR 100m
CRH lifted its earnings estimate on Friday, as a result of exceptional trading in the second quarter.