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Petrofac falls again after RBC downgrades on contract implications from SFO probe
Petrofac shares lost further ground on Friday after RBC Capital Markets downgraded its recommendation and hacked its target price down due to the implications of a criminal investigation by the Serious Fraud Office.
21st Century continues transformation process as FY loss narrows
Transport community solutions provider 21st Century Technology says it continues its process of transformation after posting a narrower full-year loss.
US pre-open: Stocks to nudge lower ahead of GDP data
US futures pointed to a marginally weaker open on Wall Street on Friday as investors eyed the release of some key US economic growth data ahead of the long weekend.
Volvere's shares forge ahead on improved full-year profit, NAV per share
Shares in Volvere forged almost 9% higher as investors liked a rise in its full-year profit and consolidated net assets per share.
Jefferies slashes Acacia target price as sees low chance of solution
Jefferies slashed its target price on Acacia Mining by 41% to 265p after a Tanzanian presidential committee accused the miner of under-reporting gold contained in 277 containers for export.
Ncondezi suspends talks with Shanghai Electric Power
Shares in Ncondezi Energy shed almost a fifth of their value after it suspended exclusive discussions with Shanghai Electric Power Co Ltd (SEP) regarding its Joint Development Agreement (JDA).
Caffyns improves FY underlying profit, has cautious outlook
Shares in Caffyns are up more than 5% as it posted an improved underlying pre-tax profit for the full year, accompanied by rises in like-for-like sales of new and used cars, and a cautious outlook.
Cash shell Orogen looking to buy Thread 35
Recently-formed AIM Rule 15 cash shell seeking a reverse takeover, Orogen, announced on Friday that it had agreed heads of terms with Thread 35 to acquire Thread's entire issued share capital, subject to certain conditions and due diligence.
NAHL sets up alternative business structure with Redde unit
Legal services-focussed consumer marketing business NAHL Group announced on Friday that, following the granting of an Alternative Business Structure (ABS) licence by the Solicitors Regulation Authority, it had now signed an agreement with NewLaw - a wholly owned subsidiary of Redde.
Scientific Digital Imaging ending year in line with expectations
Scientific and technology products manufacturer Scientific Digital Imaging updated the market on its trading for the 12 months to 30 April on Friday.
London open: Stocks flat, pound loses ground as Tory lead over Labour narrows
London stocks were steady in early trade while the pound lost ground as the first poll since the Manchester bomb attack showed the Tory lead over Labour narrowing.
Spirax-Sarco to buy US electrical products provider Chromalox for $415m
Spirax-Sarco Engineering has agreed to buy US-based electrical products provider Chromalox from Irving Place Capital for a cash-free, debt-free consideration of $415m (£319m).
Anglo African considering next moves at Tilapia
Independent oil and gas developer Anglo African Oil & Gas announced on Friday that testing of the R2 reservoir in well TLP-102 had confirmed the presence of hydrocarbons and pressure within the reservoir.
Oakley Capital completes acquisition of TechInsights majority stake
Oakley Capital Investments announced on Friday that the Oakley Capital Private Equity III fund had now completed the acquisition of a majority stake in TechInsights.
JPMorgan upgrades Restaurant Group, says shares are too cheap
JPMorgan Cazenove upgraded Restaurant Group to 'overweight' from 'neutral' and lifted the price target to 380p from 340p following the company's first-quarter update on Friday, as it now sees upside to the share price.
Experian drops on Deutsche Bank downgrade
Credit checking agency Experian was under the cosh on Friday as Deutsche Bank downgraded the stock to 'sell' from 'hold' and cut the price target to 1,460p from 1,560p.
Eagle Eye Solutions announces £6m placing
AIM-listed SaaS technology company Eagle Eye Solutions has announced a placing of up to 2. 7m shares at 225p each to raise £6m to invest in operational and marketing capabilities to capitalise on recent momentum in the business and pursue growth opportunities.
Spire Healthcare says trading in line, reiterates guidance
FTSE 250 hospital group Spire Healthcare said on Friday that trading from 1 January to 25 May has been in line with expectations, as it reiterated its 2017 guidance.
Intertek upbeat as revenue rises
Total quality assurance provider Intertek Group released a trading update for the period from 1 January to 30 April on Friday.
Hammerson sells two retail parks for £80m
Hammerson has exchanged contracts for the sale of two retail parks to clients of BMO Real Estate Partners for £80m.