Latest News
AstraZeneca co-develops treatment for Alzheimer's disease
Pharmaceutical giant AstraZeneca has teamed up with American counterpart Eli Lilly to co-develop a treatment for Alzheimer’s disease (AD).
21st Century Fox launches all cash offer for Sky
Sky agreed to a take over by US media giant 21st Century Fox at a price of 1075p per share in cash, for a 36% premium on the shares' closing price as of 8 December.
Sector movers: Defensives pace advance despite rising yields
Cyclicals were at the top of the leaderboard as shares in Sky shot higher on the back of an all-cash £11. 2bn from America's 21st Century Fox, becoming the latest UK blue-chip to become a target for a foreign competitor in the wake of Brexit and the drop in the value of the pound.
Directors dealings: Petra Diamonds chairman sells down after strong run for shares
Petra Diamond non-executive chairman Adonis Pouroulis sold 1,052,637 shares in the firm in two separate transactions, 752,637 shares at 170p each and another 300,000 at 171p, on 7th and 8th December, respectively.
London close: Sky falls, FTSE 100 rises
Stocks edged higher even as yields on longer-dated Gilts continued to advance after the latest Chinese data released overnight showed the country had reverted to being an exporter of inflation globally and investors eyed the mythical 20,000 point mark on the Dow Jones Industrials draw ever closer.
Small cap round up
Metal Tiger (MTR), an AIM listed investor in strategic natural resource opportunities has secured 10 license extensions and acquired two new concessions for its joint venture (JV) project with MOD Resources in the Kalahari Copper Belt in Botswana. Two-year licence extensions have been granted for 10 JV licences and an agreement has been reached to acquire two additional licences, which will secure around 200km of the prospective structural zone which hosts the T3 Reso.
Trump picks Goldman Sachs COO Cohn for key economic post
Goldman Sachs president and chief operating officer Gary Cohn is reported to have been offered a key economic position in Donald Trump's administration, as the president-elect attempts to solidify his cabinet choices in the run-up to Christmas.
Europe close: Stocks edge higher on ECB easing
European stocks edged higher in quiet trade on Friday as investors mulled over the European Central Bank’s decision to extend its quantitative easing programme and as the focus shifted to next week's Federal Reserve meeting.
Petro Matad share price plunges
Petro Matad was forced to issue an update on Friday, as its share price plunged more than17%.
Harvest Minerals submits final documents for Brazil mining permit
Harvest Minerals posted an update to its application for a trial mining permit in Brazil on Friday.
FTSE 100 movers: Sky in the picture on Fox offer; Anglo American dives
The FTSE 100 index rose 0. 43% to 6,961. 56 in late afternoon trade at the end of the week.
Week ahead: All eyes on the US Fed
All eyes were expected to be on the US central bank's next policy meeting and what indications it might give regarding the outlook for rates in 2017 and further out.
WPP increases foothold in Africa
WPP said its operating company Burson-Marsteller has acquired a stake in its Kenyan affiliate, Engage Burson-Marsteller.
Westpac chair plays down risks of Aussie apartment 'bubble'
Westpac chairman Lindsay Maxsted downplayed concerns that the impending surge in Australian inner-city apartment supply, telling investors he believed there was not a “speculative bubble”, Fairfax media reported.
Share executes partial sell-down of LSE holding
Share announced on Friday that its subsidiary, The Share Centre, sold 20,000 of the shares it held in the London Stock Exchange Group on 8 December.
HSBC upgrades Capital & Regional to 'buy'
HSBC has upgraded Capital & Regional, a British manager of shopping centres, to ‘buy’ from ‘hold’ but lowered its price target to 66p from 69p.
LGO Energy completes refinancing
LGO Energy confirmed on Friday that, as announced on 7 December, its refinancing had now completed.
Amazon denies construction of 2,000 cashier-less stores
Ecommerce giant Amazon has denied reports that it plans to open at least 2,000 cashier-less grocery stores across the United States, contrary to a report this week from the Wall Street Journal.
Coca Cola CEO Kent to step down next year
Muhtar Kent, current chief executive officer of Coca Cola Co, will step down from his position next year and will be replaced by the company's president and chief operating officer James Quincey.