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Koovs’ enjoyed strong sales growth in the first half of the year but losses widened by almost two thirds and the Indian online fashion retailer was hit by the government's demonetisation as it bids to clamp down on ‘black money’.
Friday preview: Final UK GDP reading wraps up pre-Christmas week
As the week before Christmas comes to an end in London with confirmation of UK national growth data and a curtailed stock exchange session, though there's no rest for the wicked over on European and US stock markets.
Tesla to hike car prices 5% in UK from 2017
Elon Musk's Tesla Motors will hike the price of its electric cars 5% in the UK next year due to currency fluctuations.
Vectura says Bayer completes EU approval procedure for alternative nebulised delivery
Vectura said on Thursday that its partner Bayer has confirmed completion of the EU regulatory procedure that allows an alternative nebulised delivery for its currently-marketed product Ventavis using the London-listed company’s smart nebuliser Fox device.
United Cacao solvent until at least February
Peru-based cacao plantation company United Cacao updated the market on its funding situation on Thursday, saying that it has been exploring various funding options both to cover short term liabilities and for the medium-longer term to fully develop United Cacao's plantation estate.
FTSE 100 movers: ITV rallies on Macquarie upgrade; miners drop
London’s FTSE 100 was flat at 7,039. 43 in afternoon trade amid holiday-thinned volumes, as activity began to wind down ahead of the Christmas break.
FTSE 250 movers: Inchcape shifts up a gear; Tullett drops as it goes ex-div
London’s FTSE 250 was up 0. 7% to 17,864. 21 in afternoon trade, with little in the way of corporate news – aside from Inchcape – as the pre-Christmas lull kicked in.
Harvest Minerals begins trial mining at Maximus Prospect
Harvest Minerals said it has been awarded a trial mining permit and that it has begun trial mining at the Maximus Prospect, part of its Arapua Fertilizer Project, in Brazil.
Falcon Oil & Gas completes extended-production text
Falcon Oil & Gas has confirmed the completion of an extended-production test (EPT) on Amungee NW-1H by Origin Resources, which it said was a significant milestone.
Abzena inks licence agreement with Trieza Therapeutics
Life-sciences group Abzena has inked a licence agreement with start-up biotechnology company Trieza Therapeutics.
US third-quarter GDP beats expectations
The US economy grew more than initially estimated in the third quarter, marking its strongest quarterly pace of growth in two years, according to data released by the Commerce Department on Thursday.
US jobless claims rise more than expected
The number of Americans filing for unemployment benefits rose more than expected last week, according to data released by the Labor Department.
ImmuPharma completes patient recruitment in Lupuzor trial
Specialist drug discovery and development company ImmuPharma confirmed on Thursday that patient recruitment had successfully been completed, on target, within the its pivotal Phase III clinical trial of Lupuzor.
Hargreaves Services enjoying more stable commodity conditions
Amid its restructuring Hargreaves Services on Thursday reported more stable trading conditions during the last six months, with underlying profits on target and a strong second half expected.
Obtala completes sale of majority stake in Lifes' Comfort Solutions
Obtala, the Africa-focused agricultural and forestry company, has completed the disposal of its 72. 69%-owned chain of Lifes' Comfort Solutions (LCS) retail outlets in Lesotho.
Communication between Russia and US 'frozen', says Kremlin
Channels of communication between Russia and the United States have been "frozen", according to a spokesperson for Russian president Vladimir Putin.
Shell completes $66m sale of stake in Malaysian refining business
Oil giant Royal Dutch Shell on Thursday completed the sale of its 51% stake in its refining business in Malaysia for $66. 3m.
Reach4entertainment says PNC not taking action over covenant breach
Reach4entertainment (R4E) said PNC Business Credit (PNC) has noted a three-month breach of a banking covenant by the company but does not intend at this time to exercise its rights in relation to the same.
Conygar Investment Company buys Nottingham site for £13.5m
The Conygar Investment Company has bought a 40-acre development site near Nottingham station for £13. 5m.
Keywords Studios buys Spain's Sonox Audio Solutions
Keywords Studios, which provides technical services to the video games industry, has acquired Sonox Audio Solutions from its founder, Francisco Barreras Benavente, in a deal that will strengthen its audio services.