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Bidstack to remain cash flow negative after beating revenue forecasts
In-game advertising technology company Bidstack reported revenue of £1. 7m in its preliminary results on Friday, rising from £0. 14m year-on-year and ahead of market expectations.
Tertiary Minerals reports 'encouraging' results from Lucky project
Tertiary Minerals reported “encouraging” analytical results from its maiden drill hole at the Lucky Copper Project in Nevada on Friday, having drilled hole 21TLRC001 to a depth of 108. 24 metres.
FireAngel secures new government-backed Covid loan
FireAngel has secured additional bank funding, it announced on Friday, under UK government-backed coronavirus loan schemes.
China slaps sanctions on British MPs
China has sanctioned British MPs and other individuals and organisations for what it claims are "lies and disinformation" in retaliation for UK sanctions on Chinese officials over human rights abuses in Xinjiang.
RBC Capital upgrades Next to 'outperform'
RBC Capital Markets upgraded Next shares to ‘outperform’ from ‘sector perform’ on Friday, hiking the price target to 8,800p from 8,100p as it said the retailer should continue to benefit from its strong online and credit offer.
Global Petroleum losses widen as it seeks to preserve cash
Global Petroleum reported a loss after tax of $3. 04m (£2. 21m) in its first half on Friday, widening from $0. 75m year-on-year, after a $2. 41m impairment write off following the expiry of the PEL0029 licence.
Urban Logistics agrees £30m sale of five assets
Urban Logistics has exchanged contracts to sell five assets as part of a portfolio, it announced on Friday, for £30m at a 4. 8% exit yield, realising a total property return of 78. 8%.
Europe open: Shares higher on strong US, UK data
European shares opened higher at the start of the week’s final session, driven by a positive Wall Street and hopes of a strong US recovery from the coronavirus pandemic.
PCF Group loan quality improves as Covid-19 disruptions ease
Specialist bank PCF Group said on Friday that loan quality had improved as a result of Covid-19 disruptions easing of late.
London open: Stocks rally after encouraging retail sales
London stocks rose in early trade on Friday following the release of encouraging UK retail sales data.
Idox delivers 'continued robust financial performance' in Q1
Software and solutions specialist Idox said on Friday that it had delivered a "continued robust financial performance" in its continuing operations during the first quarter, in line with the internal expectations.
Proteome expects FY profits to be 'materially higher' than previous guidance
Protein biomarker research and development firm Proteome Sciences said on Friday that it has been progressing with a year-end audit and now expects to announce its 2020 full-year results on 1 April.
Renew Holdings acquires water-focussed engineering outfit J Browne
Engineering services group Renew Holdings has agreed to acquire water-focussed engineering outfit J Browne Group for a cash consideration of £29. 5m.
Smiths ups dividend after first-half profit drops
Smiths Group increased its interim dividend and said it was confident about meeting expectations for annual results after profit fell in the first half.
Syncona invests £31m in Gyroscope
Syncona has invested $42. 3m (£31m) in Gyroscope Therapeutics as part of a $148m financing by the retinal gene therapy company.
Stagecoach confident of long-term prospects despite Covid-19 uncertainties
Scottish transport group Stagecoach said on Friday that it continues to see "good long-term prospects" for the business despite it being difficult to forecast a return to profitability as a result of the ongoing Covid-19 pandemic.
Retail sales recover partly in February after lockdown slump
UK retail sales recovered partly in February, according to figures released on Friday by the Office for National Statistics, following a big fall at the start of the third national lockdown in January.
Nova lifts bid for Kaz Minerals to £4.1bn
Nova Resources has lifted its offer for Kaz Minerals to 850p a share, valuing the London-listed copper miner at £4. 1bn.
Oxford Instruments flags marginal improvement in revenue
Oxford Instruments said it was expecting a marginal improvement in revenue on Friday, following good progress in the second half.
London pre-open: Stocks to rise as investors mull retail sales
London stocks were set to gain at the open on Friday following losses in the previous session, as investors digest the latest UK retail sales data.