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MediaZest upbeat on new business wins
Creative digital audio visual company MediaZest updated shareholders and the market on recent business wins on Friday, saying that since the start of 2017, the group had already confirmed business wins in the retail sector alone that relate to projects that will generate approximately £0. 5m of new revenue.
WPP full year boosted by weak pound; sees slower 2017
The weak pound helped advertising giant WPP lift reported full year pre-tax profits by 26% to £1. 8bn, although revenues slowed in the US and UK in the second half leading to a cut in expectations for 2017 revenue growth to 2%.
UK services output slows to five-month low, sending sterling tumbling
UK services industry growth slowed for the second successive month in February, while surging input cost inflation led to prices charged by the sector rising to their highest in almost eight and a half years.
Trump to cut environment agency's climate funding by up to 70%
US President Donald Trump will oversee a massive overhaul of the Environmental Protection Agency's funding, with the total budget for the regulatory body to be cut by 25%, and a key climate protection programme to lose 70% of its funding.
Lighthouse Group to provide financial advice to MAS employees
Lighthouse Group has won a new one-year contract with the Money Advice Service to provide of financial advice to its employees.
London Stock Exchange hikes dividend as profits miss forecasts
London Stock Exchange Group tried to ignore the merger-shaped elephant in the room as it hiked its dividend 20% to reassure investors of its confident outlook and offset disappointment that profits fell short of forecasts.
HSBC maintains Go-Ahead Group 'buy' rating but cuts target price
HSBC maintained its ‘buy’ rating on Go-Ahead Group but cut its target price to 2,200p from 2,475p following a disappointing profits downgrade from the transport operator, although its dividend looks safe and underlying cash generation seems sound.
WH Smith surges as Barclays recommends investors 'ignore the carpets'
Barclays upgraded its recommendation on WH Smith and lifted its target price as it sees further "big upside" for profits from the travel arm, which operates retail outlets in stations and airports.
Rio Tinto appoints Philip Richards as head of legal
Rio Tinto has appointed Philip Richards as its new group head of legal, replacing Debra Valentine.
German retail sales unexpectedly decline in January
German retail sales unexpectedly fell in January, according to data released by Destatis on Friday.
London open: Stocks edge lower as focus shifts to Fed speakers
London stocks edged lower in early trade, with miners under the cosh, as investors eyed speeches from several Federal Reserve officials including Chair Janet Yellen.
Paysafe appoints fintech guru Thurman as chief digital officer
Paysafe has appointed fintech industry heavyweight Tim Thurman as its chief digital officer, effective from 27 March.
Berendsen FY profit and revenue rise but outlook cautious
Commercial laundry company Berendsen posted a rise in full-year profit and revenue but sounded a more cautious note on its outlook as it said it will continue to be affected by legacy issues.
BritVic completes £56.8m acquisition of Brazil drinks company
BritVic, the owner of Robinson's juices and a bottler for PepsiCo brands, has completed the £56. 8m acquisition of Brazilian drink firm Bela Ischia Alimentos.
AstraZeneca teams up with Sanofi to tackle key infant respiratory illness
AstraZeneca has partnered with French peer Sanofi to develop and commercialise an antibody to treat the most common respiratory illness among young children.
US close: Dow lower on news of Caterpillar probe; Snap soars
U. S. stocks fell overnight Thursday as the Dow Jones was pulled lower by news of a federal tax investigation into Caterpillar pulled the index lower, while shares surged in Snap on its much anticipated initial public offering.
Ultra Electronics and CGN agree to closer working partnership
Ultra Electronics announced on Friday that it signed a memorandum of understanding with CGN of China, that would see both companies co-operate more closely in the field of high integrity instrumentation and control systems and sensors for civil nuclear power within China, the UK and other international markets.
Ryanair traffic rises 10% in February
Budget airline Ryanair has reported a 10% rise in traffic for last month.
Electra pockets £66m as Euromoney acquires RISI
Electra Private Equity’s portfolio manager Epiris announced on Friday that its portfolio company AXIO Group had agreed to sell RISI, the information provider for the global forest products industry, to Euromoney Institutional Investor for $125m.