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Gresham House strategic pleased with performance
Gresham House Strategic published its final audited results for the year to 31 March on Friday, reporting “strong investment performance” with its net asset value increasing 7. 6% during the period, 19. 9% during the 12 months to 31 May and 20. 2% since the appointment of Gresham House Asset Management.
Northern Ireland's DUP become kingmakers as May clings to power
Prime Minister Theresa May on Friday gained the Queen's approval to form a government with the Democratic Unionist Party, which is acting in its new role as kingmaker after the election produced a hung parliament.
Funding risk at KAZ Minerals very limited even in bearish copper price scenario, Credit Suisse says
Analysts at Credit Suisse reaffirmed their 'Outperform' recommendation and 630. 0p target price for Kaz Minerals say that funding risks for the copper miner were now "very limited" even under 'bearish' copper price assumptions.
Ferrum Crescent raises £225k to support exploration programme
AIM-listed European lead-zinc explorer Ferrum Crescent has conditionally raised around £225,521 through a placing of 322. 2m shares at 0. 07p each to support its ongoing exploration programme in North West Spain.
Dixons Carphone, Sprint focus on Honeybee platform deployment
Shares in Dixons Carphone fell more than 1% as it and Sprint mutually agreed to end their stores joint venture, with the focus of their collaboration now being on the deployment of the Honeybee platform.
Imaginatik raises £1.4m in share placing
AIM-listed innovation company Imaginatik has raised £1. 4m in a placing of 68. 7m share at 2p each, which will be used to invest in sales and marketing, the development of partnership channels and to support further investment in technology.
Big losers and small majorities: Clegg loses his seat, Rudd holds on
Some big names lost their seats as members of parliament as a shock UK election result unfurled on Friday morning, including former Liberal Democrat leader Nick Clegg and several Conservative ministers.
Gem Diamonds not out of the woods yet, RBC says as it upgrades shares
Analysts at RBC upgraded their recommendation on Gem Diamonds on expectations for improved large stone recoveries.
Bluejay Mining's shares drop after raising £3.5m at 12p a share
Shares in Bluejay Mining fell more than 10% after it raised a total of £3. 5m at 12p a share.
Sportech gets approval for more wagering venues in Connecticut
Sports betting provider Sportech has won State Senate approval to raise the number of wagering venues permitted in Connecticut to 24, from 18.
UK's negative outlook remains - S&P Global
The UK's credit rating will not be affected by the hung parliament resulting from Theresa May's hapless snap election, credit agency S&P said on Friday, though it warned the possibility of a delay to Brexit negotiations and chances of yet another election meant it had a negative outlook.
Housebuilders hit by hung parliament
London-listed housebuilders slumped on Friday as investors woke up to news of a hung parliament, after PM Theresa May failed to get the seats needed to deliver a majority government.
Asia report: Markets mostly higher as traders shrug off hung UK parliament
Markets in Asia finished mostly higher on Friday, as traders focussed their attentions on the UK election resulting in a hung parliament, and the corresponding drop in sterling against most of its currency peers.
Sky shares fall amid jitters over Fox bid
Sky was under the cosh on Friday amid jitters over 21st Century Fox's $14bn bid to buy out the 61% of the London-listed broadcaster it doesn't already own, after the Tories failed to get a majority in the election.
May forced into alliance with DUP after election gamble backfires
UK Prime Minister Theresa May was forced into a governing alliance with the Democratic Unionist Party on Friday after her gamble to crush Labour and deliver a hard Brexit backfired spectacularly when government lost its parliamentary majority.
UK election result will not have immediate effect on credit ratings, S&P says
The result of the General Elections of 2017 will not have an immediate impact on the UK's long-term credit ratings, Standard&Poor's said.
Bank of England rate hike 'will be pushed back' by election result
After Theresa May's decision to call a snap election backfired with the Conservatives losing their parliamentary majority, the increased political uncertainty is likely to push back a first Bank of England interest rate hike to the first half of 2020, economists and strategists in the City said on Friday.
UK GDP expanded at 0.2% clip over three months to May, NIESR says
The British economy continued to grow modestly over the latest quarter, according to one of the country's top research institute's.
UK industrial production rebounds, but less than expected
UK industrial growth slowed in April as manufacturing activity bounced back slowly from a fall the previous month, the Office for National Statistics said on Friday.
UK General Election 2017 - Analysts react
"Whatever the overall results of this election some of the stats about potential age demographics of the voters is very interesting. Sky did a poll on election day and found amongst 18-34 year olds Labour were on 63% and Conservatives 27%. With 35-54 year olds both were on 43% and over 55 year olds Labour on 23% and Conservatives on 59%. [. ] It's fascinating as this shows the dilemma a lot of politicians have around the world. We generally have a wealth divide where the older generation (who normally vote) have a high proportion of it relative to the young who are generally in debt and/or in many countries unemployed.