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UK housing market faces pressure as banks approve fewer mortgages
British banks approved a smaller number of mortgages last month, according to the British Banking Association's monthly report on Friday, putting some pressure on the housing market.
Excel cycle courier wins holiday pay case
A self-employed cycle courier working for Excel, which is part of CitySprint, has won entitlement to holiday pay after a central London employment tribunal ruled that he was actually a worker.
PureTech Health teams up with Novartis on immunosenescence programme
Advanced clinical stage biopharmaceutical company PureTech Health announced a licensing and equity agreement with Novartis on Friday, intended to advance two clinical-stage programmes targeting the mechanistic target of ‘rapamycin complex 1 (mTORC1) pathway’.
FTSE 250 movers: Hastings boosted by UBS note; Crest Nicholson drops
London's FTSE 250 was down 0. 1% to 18,976. 14 in afternoon trade.
FTSE 100 movers: Smiths rallies on results; Next gives back some gains
London's FTSE 100 was flat at 7,341. 06 in afternoon trade, as investors looked to a key vote on a healthcare bill in the US.
BNN Technology expands partnership with Arsenal
Chinese content services firm BNN Technology has expanded its three-year partnership with Arsenal Football Club.
Management Resource Solutions faces potential AIM cancellation
Management Resources Solutions (MRS) faces a looming deadline of 28 April to complete a fundraise and have its share-suspension lifted or have its AIM listing cancelled.
Federal Reserve in better position to stop balance sheet reinvestment, Bullard says
The US central bank may now be in a better position to stop reinvesting the proceeds of its assets in acquiring new ones, a top member of the Federal Reserve said.
UBS adjusts ratings on UK motor insurers after Ogden change
UBS adjusted its ratings on UK motor insurers on Friday to reflect changes to the Ogden discount rate used to calculate lump sum payouts for personal injury claims, which was recently cut to -0. 75% from 2. 5%.
US business activity expands at slowest pace in six months in March
Business activity in the US expanded at its slowest pace since September 2016 in March, according to data released on Friday.
Lamprell swings to FY pre-tax loss driven by goodwill impairment
Lamprell, a provider of diversified fabrication, engineering and contracting services to the global energy industry, has swung to a full-year pre-tax loss driven by goodwill impairment, not helped by a fall in revenue.
Under pressure Fillon accuses Hollande of meddling in French election
Francois Fillon, French presidential candidate and former prime minister, has accused President Francois Hollande of unduly interfering in the country’s election.
RBC upgrades Provident Financial to 'outperform'
RBC Capital Markets upgraded Provident Financial to 'outperform' from 'sector perform' and upped the price target to 3,200p from 3,000p, saying risks were to the upside ahead of the upcoming capital markets day.
NMC Health completes $560m acquisition of UAE hospital
NMC Health has completed the acquisition of Al Zahra Hospital in the United Arab Emirates for 2,058m dirhams ($560m).
Concurrent Technologies flags R&D investment, looks to organic, acquisitive growth
Concurrent Technologies' shares are up almost 2% as the market liked its full-year results, news of ongoing investment in R&D and that it is continuing to look for acquisitions alongside its organic-growth potential.
Malaysia loosens drug stance with removal of mandatory death sentence
Drugs offences in Malaysia will no longer be hit with an automatic death sentence, as the country’s government plans to give more power of discretion to the courts system.
National Grid a good 'hedge against Trump rally', JPMorgan says
National Grid has a strong investment case as its earnings momentum accelerates and represents a hedge to a reversal of the ‘Trump’ rally, JPMorgan Cazenove said on Friday.
Results round-up: Smiths Group, AFC Energy
As it makes early progress with a new strategy, engineer Smiths Group reported improved revenues in the second quarter and an unchanged full year outlook.
Broker tips: National Grid, Restaurant Group, SSE, motor insurers
National Grid has a strong investment case as its earnings momentum accelerates and represents a hedge to a reversal of the ‘Trump’ rally, JPMorgan Cazenove said on Friday.
Robots to replace 30% of UK jobs over next two decades - PwC
Up to 30% of jobs in the UK could be replaced by automation by the 2030s, according to new research, affecting industries such as transportation, manufacturing and retail the most.