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7digital confident in 2018 profitability
Digital music and radio services company 7digital performed well in the first half of the year, it reported on Friday, with total group revenue up 13% to £5. 93m.
London midday: Stocks extend losses as Barclays, IAG reverse course
London stocks had pushed further into the red by midday following a series of disappointing corporate releases, at the end of what has been a manic week for earnings.
Rotork CEO resigns as board seeks 'higher growth in low growth environment'
Rotork chief executive Peter France has tendered his resignation from the engineering group, "after a period of reflection by the board".
Gfinity 'Elite Series' to feature on BBC Three
International esports company Gfinity signed a contract with the British Broadcasting Corporation, it announced on Thursday, to broadcast its newly launched Elite Series from the Gfinity Arena in London.
Amazon profits slump as retail giant spends big
US ecommerce colossus Amazon has recorded a 77% drop in quarterly income as it spends heavily in order to boost growth.
Virtual IBANs push Boxhill in first half
Boxhill Technologies said it had seen improvements across the payments division since the beginning of the year, in a trading update on Friday, both in revenue and technology roll out.
Analysts have mixed feelings on Barclays 'messy' results
On the face of it, Barclays' first-half results beat City consensus forecasts but analysts had mixed feelings after digging deeper into the numbers.
Barclays slips to second quarter loss after GBP700m PPI charge
Barclays produced a mixed set of interim with some profits better and some worse than expected due in part to putting aside an extra £700m for PPI mis-selling compensation, while its pensions black hole more than doubled.
MySQUAR confirms fundraise as it looks to mobile payments
Myanmar-language social media, entertainment and payments platform MySQUAR was forced to respond to recent media speculation over a potential fundraise on Friday, confirming that a placing was in the process of being arranged.
Touchstone Exploration bags gongs at Petrotrin awards
Trinidad and Tobago-focussed onshore oil and gas exploration and production company Touchstone Exploration received two awards at the Petrotrin 5th Annual Production Health, Safety and Environment Leadership Forum, the company announced on Friday.
Asia report: Most markets lower amid cyclone of earnings
Markets in Asia were mostly lower on Friday, with traders sifting through a decent pile of corporate earnings.
US pre-open: Stocks to drop as Amazon earnings disappoint
US futures pointed to a weaker open on Wall Street on Friday, with technology shares set for another sharp drop following disappointing earnings from Amazon, as investors awaited the release of second-quarter economic growth figures.
Pakistan PM ousted by Supreme Court over Panama Papers case
Nawaz Sharif, the prime minister of Pakistan, has been removed from office by the country’s Supreme Court over information revealed in the Panama Papers leak.
IMI beats 1H forecasts, guides higher for the full-year
IMI's first half profits edged past analysts' forecasts with the engineer guiding higher for the full-year, citing the impact of its reorganisation activities and expectations for a modest improvement in its margins.
Europe open: Traders lock in profits after Obamacare repeal blocked
Stocks have started the morning lower, tracking losses in the US technology sector overnight with an unexpected defeat of the White House's watered-down repeal of Obamacare further dampening sentiment.
Friday broker round-up
AstraZeneca: Morgan Stanley downgrades to Equal Weight with a target price of 4700p.
French Q2 GDP rises by 0.5% in second quarter
Economic activity in the euro area's second largest economy benefitted from a boost to exports in the three months to June, leading some economists to raise their full-year forecasts for growth.
Obamacare repeal fails once again as McCain rebels
Donald Trump and Senate Republicans’ latest attempt to push through a 'skinny' version of an Obamacare repeal fell through once again on Thursday night, as three GOP senators rebelled against the bill.
Morgan Stanley downgrades AstraZeneca after failed drug trial
Morgan Stanley downgraded its stance on AstraZeneca to 'equalweight' from 'overweight' and cut the price target to 4,700p from 5,600p after the pharmaceutical giant said on Thursday that initial results from its Mystic lung cancer drug trial failed to meet primary endpoints.
Essentra earnings down as Forman attempts turnaround
Plastic and fibre products producer Essentra reported declines in revenue, adjusted profit and earnings per share in its first half results on Friday, which it said reflected a continuation of tough trading conditions seen recently.