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Europe midday: Shares flat as eurozone inflation hits fresh record
The downbeat mood on European markets continued on Friday after suffering their worst quarter since the onset of the Covid-19 pandemic, as Eurozone inflation jumped to a fresh record high in June.
UK mortgage lending hits eight-month high in May
UK mortgage rose to an eight-month high in May, according to the Bank of England, while approvals also held up better than anticipated, indicating that the British housing market had shrugged off headwinds stemming from the ongoing cost-of-living crisis.
BT Sport loses exclusive rights to Champions League
BT Sport has lost its exclusive rights to screen Champions League football in the UK and will now share a deal with online giant Amazon, which will broadcast one game a week from 2024.
Kohl’s terminating takeover talks with Franchise Group - report
Kohl’s shares tumbled in pre-market trade on Friday following a CNBC report that the department store chain is terminating talks to sell its business to Franchise Group.
Eurozone inflation hits record high of 8.6% in June
Eurozone inflation jumped to a fresh record high in June, according to a flash estimate released by Eurostat on Friday, piling pressure on the European Central Bank to raise rates.
CMA closes investigation into CVS Group's acquisition of Quality Pet Care
Veterinary services provider CVS Group said on Friday that the Competition and Markets Authority's investigation into its acquisition of Quality Pet Care was now complete.
Eurozone manufacturing falls for first time since August 2020
Eurozone manufacturing production fell last month for the first time since August 2020 as the Covid pandemic took hold, with rising inflation putting the brakes on consumer spending, according to a survey published on Friday.
UK manufacturing growth slows to two-year low in June
Growth in the UK manufacturing sector slowed to a two-year low in June, according to a survey released on Friday.
Vertu Motors buys Wiper Blades for £3.5m
Automotive retailer Vertu Motors has bought Wiper Blades Limited, a business specialising in the online sale of car wiper blades and other associated products, for £3. 5m in cash.
Made Tech appointed as Met Office's digital services partner
Public services data and technology services provider Made Tech has been appointed as the Met Office's digital services partner, under a contract worth roughly £7. 0m over the next 24 months.
Europe open: Downbeat mood continues as shares follow US, Asia into red
The downbeat mood on European markets continued on Friday after suffering their worst quarter since the onset of the Covid-19 pandemic, as a weaker performance on Wall Street and Asia overnight hammered sentiment again.
Personal Group acquires Quintige Consulting for £900,000
Workforce benefits and services provider Personal Group has acquired employee experience and reward consultancy Quintige Consulting Group for £900,000.
London open: Stocks fall as recession fears continue to weigh
London stocks fell in early trade on Friday as worries about a global recession continued to dent sentiment.
Asia Report: Shares fall on Japan tankan survey, Wall St
Asia shares were lower on Friday on the back of a lower Wall Street and a quarterly report from Japan’s central bank showing weaker business sentiment.
Lamprell shareholder Sami Al Angari evaluating takeover offer
Shares in Lamprell have been temporarily suspended after Sami Al Angari - the chief executive of Al Gihaz Company - confirmed on Friday that he and Al Gilaz are in the very early stages of evaluating a possible offer for Lamprell.
London pre-open: Stocks seen down after Wall St losses; manufacturing PMIs eyed
London stocks were set for more losses on Friday following another negative session on Wall Street on the back of recession fears.
SFO closes investigation into Chemring subsidiary, Oxford Biomedica signs three-year deal with AstraZeneca
London pre-open The FTSE 100 was being called to open 34. 5 points lower ahead of the bell on the first day of Q3 after closing 1. 96% lower on Thursday at 7,169. 28.
Friday newspaper round-up: Macron, Bulb Energy, Thames Water
Customer service standards have fallen to record lows at energy companies, with suppliers Utilita and Ovo Energy among the worst offenders, according to a new report. Customers have had to wait longer for their calls to be answered and have regularly been unable to get hold of their supplier, research by Citizens Advice has found. – Guardian.
Oxford Biomedica signs new Covid vaccine deal with AstraZeneca
Oxford Biomedica has signed a new three-year deal to make AstraZeneca’s Covid-19 vaccine beyond this year when the original agreement expires, the company said on Friday.
Serious Fraud Office closes investigation into Chemring subsidiary
Advanced technology products group Chemring said on Friday that the UK's Serious Fraud Office had closed its investigation into the activities of its Chemring Technology Solutions subsidiary and associated persons.