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James Latham warns of sterling weakness pressuring margins in coming months
Panel and timber distributor James Latham warns that sterling's weakness, whilst increasing prices, could put pressure on margins in coming months.
FTSE 100 movers: Direct Line gains on MS upgrade; ex-divs weigh
London’s FTSE 100 was down 0. 1% to 6,812. 69 in afternoon trade.
BoA Merrill downgrades Paragon on valuation
Bank of America Merrill Lynch downgraded Paragon Group to ‘underperform’ from ‘neutral’ on valuation grounds.
SolarCity deal 'zero value' for Tesla, according to Morgan Stanley
US investment bank Morgan Stanley said there is no value attached to Tesla's acquisition of SolarCity, which was approved earlier this month by shareholders in Elon Musk's company despite strong criticism of the deal.
Draper Esprit buys stake in Elderstreet Holdings
Venture capital firm Draper Esprit has bought a stake in trust manager Elderstreet Holdings for an undisclosed fee, in order to gain access to high growth technology companies through a range of finance vehicles.
Quixant on the up as profit, revenue to be ahead of expectations
Quixant shares rose as the provider of technology products said full-year profit and revenue are likely to be higher than initially expected.
Helical's H1 pre-tax profit slips as EPRA NAV, interim dividend rise
Helical has posted a lower first-half pre-tax profit, although both its EPRA net asset value per share and interim dividend improved.
Starcom raises £150,000 for additional working capital
Technology company Starcom has raised £150,000, before expenses, after a conditional placing of 5m new shares at 3p each. It said proceeds would provide additional working capital.
Unseen debts may derail UK bus and rail bidding plans
Some big changes may be coming to the way companies bid for big UK rail and bus franchises, HSBC has predicted.
Netcall flags healthy sales pipeline, high level of revenue visibility
Customer-engagement software provider Netcall's chief executive, Michael Jackson, has flagged a healthy sales pipeline and a high level of revenue visibility in an upbeat AGM statement.
ZincOx Resources and Korea Zinc Co in Vietnam recycling plant JV
ZincOx Resources and Korea Zinc Company Ltd (KZC) have entered a Memorandum of Understanding (MoU) for the joint design and development of a recycling plant in Vietnam.
London midday: Stocks drift lower as investors mull risks
UK stocks were edging just slighly lower in light trading conditions amid the US Thanksgiving Day break.
Dee Valley switches to Severn Trent bid, gazumping Ancala again
Water company Dee Valley will recommend to shareholders accept a new £84m a revised bid made by FTSE 100-listed Severn Trent overnight, leaving investment company Ancala Fornia gazumped again.
European Parliament passes motion to block Turkey membership
Lawmakers in the European Parliament in Strasbourg have voted to adopt a motion to freeze Turkey's accession to the EU, after a government crackdown on dissent following the failed coup in the country earlier this year.
Europe midday: Stocks flat amid thin volumes as US celebrates Thanksgiving
European stocks were little changed by midday, with volumes lower than usual as traders stateside took a break for Thanksgiving.
Chinese power plant collapse leaves at least 67 people dead
A coal power plant in China has collapsed, killing 67 people and leaving many others injured as a platform which was under construction gave way on Thursday.
Turkish central bank unexpectedly hikes rates
Turkey´s central bank hiked its main policy rates by more than was expected in a bid to defend its currency which was trading at multi-year lows versus the US dollar.
Sound Energy raises £24.1m for Tendrara development activity
Upstream gas company Sound Energy confirms fully-underwritten offers to raise £24. 1m, gross, by the issue and allotment of 29. 8m new shares at 81p each.
GlaxoSmithKline starts Phase III studies of daprodustat for anaemia
GlaxoSmithKline has started a phase III development programme to investigate daprodustat for anaemia associated with chronic kidney disease.
Mirada posts wider H1 pre-tax loss as revenue improves
Mirada said it is currently enjoying its strongest-ever position in the market as it posted a wider first-half pre-tax loss on improved revenue.