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West Bromwich Albion to be bought by Chinese investors
English Premier League club West Bromwich Albion has been taken over by Chinese investors, in a deal negotiated by outgoing chairman Jeremy Pearce.
BoE not aiming to weaken Sterling, nor reacting in panic, Broadbent says
The Bank of England´s actions on the previous day were not aimed at weakening Sterling, the monetary authority´s second-highest ranking polciymaker said.
Jefferies downgrades Wolseley to 'hold'
Jefferies downgraded builders’ merchant Wolseley to ‘hold’ from ‘buy’ as it took a look at the wider sector.
Europe open: Stocks edge higher ahead of key US jobs data
European stocks edged higher in early trade as investors continued to mull over the Bank of England’s latest policy move and ahead of the release of key jobs data in the US.
Kennedy Wilson improves NAV and earnings in first half
Kennedy Wilson posted its half-year results for the six months to 30 June on Friday, with a 5. 1% increase in adjusted NAV per share to 1,233. 8p.
London open: Shares move higher ahead of US jobs report
London´s top flight index began the session on the front foot, tracking gains overnight in Asia, with traders very much focused on the monthly US employment report due out later in the day.
Cairn Energy rallies on UBS upgrade to 'buy'
Cairn Energy got a boost on Friday as UBS upgraded the stock to ‘buy’ from ‘neutral’ following recent underperformance, with an unchanged price target of 220p.
BGEO sign £19m loan agreement
BGEO Group, the holding company of JSC Bank of Georgia, announced on Friday that the bank and Black Sea Trade and Development Bank have signed a GEL 60m (£19. 4m) loan agreement, with a 5-year maturity.
William Hill scores with Euro 2016 boost to interims
Better than expected returns from the Euro 2016 football championships scored a financial goal for bookmaker William Hill after what it called an “extremely challenging” start to 2016 including a disastrous Cheltenham horse racing festival and poor results from Australia.
Esure first-half profit drops on weather events
Esure Group reported a drop in first-half profit on Friday as the insurer took a hit from adverse weather events.
German factory orders register unexpected fall in June
Factory orders in Europe´s largest economy registered an unexpected fall in June as foreign demand, especially that for capital goods, buckled.
Rio Tinto completes sale of Mount Pleasant thermal coal assets
Rio Tinto completed the sale of its Mount Pleasant thermal coal assets to MACH Energy Australia Pty, taking its tally for divestments since January 2013 to $4. 7bn.
Vectura to receive milestone payment for EXPAREL
Inhaled airways disease focused company Vectura Group announced on Friday that a sales milestone receipt of $8m has been triggered following confirmation by Pacira Pharmaceuticals that worldwide annual net sales of EXPAREL, on a cash received basis to 30 June, were above $250m.
London pre-open: Stocks seen higher after BoE move as investors eye payrolls
Stocks in London were expected to open higher on Friday following the Bank of England’s decision to cut interest rates to 0. 25% and increase the size of its asset purchase programme, as investors awaited the release of the US non-farm payrolls report.
Bellway sees FY housing revenue up 27%
Home builder Bellway said it expected full year housing revenue to increase by around 27% to £2. 2bn with a 12. 5% increase in the number of housing completions to 8,721.
Friday newspaper round-up: BoE, BoE, BoE
The Bank of England has done everything possible under the constraints of monetary orthodoxy to cushion the Brexit shock. It is now up to the British government to save the economy, and the sooner the better. Monetary policy is close to the limits. The Bank’s pre-emptive £170bn stimulus package is brave – and unquestionably the right thing to do in these dramatic circumstances – but it is not an economic bazooka and much of the boost will leak into asset price inflation.