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05 May
cbspain71
Spanish durable goods production jumps again in March

A large drop in energy output weighed on activity levels in Spanish industry in March, masking a sharp increase in output of long-lasting goods, in a potentially positive sign for that Mediterranean economy.

05 May
kennedy wilson
Kennedy Wilson Europe's portfolio value stays flat in first quarter

Kennedy Wilson Europe Real Estate saw no growth in its portfolio value in the first quarter but confirmed it was on track to deliver an annualised dividend of 48. 0p per share.

05 May
Finance, graph
Redcentric says full year trading in line

AIM-listed IT managed services provider Redcentric said on Friday that trading in the year to the end of March was in line with the board's expectations.

05 May
Money cash dollars
Allied Minds portfolio company BridgeSat raises $6m in financing

Allied Minds' portfolio company, BridgeSat, has completed a $6m Series A funding round, including participation from Space Angels, an early stage investment group comprising experts in the Space 2. 0 field.

05 May
London Stock Exchange AIM LSE shares
London open: Stocks nudge lower ahead of payrolls; Pearson surges

London stocks nudged lower in early trade as investors awaited the release of the US non-farm payrolls report, while oil prices continued to retreat.

05 May
pearson education
Pearson surges as investors cheer cost-cutting, strategic review

Pearson surged on Friday as the education publisher posted a 6% increase in first-quarter underlying sales, reiterated its guidance for the full year and announced further cost-cutting measures and a strategic review of its K12 courseware publishing business.

05 May
BP petrol station pumps, oil & gas
Europe open: Stocks slip on oil price weakness ahead of US jobs data

European stocks are tracking the slight losses seen overnight on Wall Street ahead of the release of the all-important US jobs report for April which may well put paid to expectations of a US central bank rate hike in June.

05 May
Boeing Inmarsat Global Xpress satellite being launched
Inmarsat's supply-demand imbalance leads to Barclays downgrade

Although Inmarsat is "well set for recovery", Barclays has downgraded its shares to an 'underweight' rating from 'equalweight' due to concerns over demand in the medium-term.

05 May
Pharmaceuticals, drugs, health, medical
Smith & Nephew sees unchanged full year after flat Q1

Smith & Nephew said its full year outlook for underlying revenue growth remained unchanged in the 3%-4% range after posting flat first quarter revenue of $1. 14bn, flat on a reported basis after -2% impact from the disposal of its gynaecology business and -1% currency headwind.

05 May
cbakzonobel
Elliott says AkzoNobel will lose four times more jobs without PPG takeover

Elliott Advisors, which owns a 3% stake in AkzoNobel, said on Friday that the Dulux owner could lose up to 6,400 jobs if it remains a standalone company rather than combining with US rival PPG Industries.

05 May
smurfit kappa containerboard packaging industrial manufacturing
Smurfit Kappa profits fall but rising packaging prices lifts outlook

Irish packaging group Smurfit Kappa took a dent to profits in the first quarter but also confidence from solid demand leading to improved volumes, which set the scene for it to increase box prices over the course of the year.

05 May
morgan advanced, mgam, boat, defence, navy
Morgan Advanced Materials trading in line

Morgan Advanced Materials said on Friday that trading conditions since the full year are in line with management expectations.

05 May
ep avion easyjet
EasyJet passenger numbers fly higher in April

Low-cost airline easyJet posted its passenger statistics for April on Friday, with total passenger numbers up 11. 7% at 7. 12 million, and its load factor rising 2. 5 percentage points to 92. 9%.

05 May
iag iberia
IAG profits take off as passenger revenues recover

British Airways owner International Consolidated Airlines Group reported record first quarter profits well ahead of expectations as a drop in costs offset lower but improving passenger revenues, and said it expected a profit gain over the full year.

05 May
London Stock Exchange AIM LSE shares
London pre-open: Stocks seen lower as investors eye payrolls

London stocks were set for a negative open on Friday as investors awaited the release of the US non-farm payrolls report.

05 May
noticias
Friday newspaper round-up: Amazon, Elliott Advisors, Sports Direct

Amazon is to more than triple its research and development team in Cambridge working on tech innovations such as its Alexa digital assistant, delivery drones and Echo smart speaker. The US online retailer is opening a new building in the city with room for 400 experts in mathematical modelling, speech science, machine learning and “knowledge engineering”. – Guardian.