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Barclays downgrades Hikma to ‘equalweight’ on Generics concerns
Barclays downgraded Hikma Pharmaceuticals on Friday to ‘equalweight’ from ‘overweight’ and cut the price target to 1,750p from 2,250p as it said a lack of visibility in the generics division was a real concern.
Pendragon terminates potential takeover talks
Car dealership Pendragon said on Friday that it has terminated potential takeover talks after one of its shareholders failed to engage with the proposal.
Deutsche Bank raises target price on BAE Systems
Analysts at Deutsche Bank raised their target price on aerospace and defence giant BAE Systems from 860. 0p to 970. 0p on Friday, stating the group was "still in a sweet spot".
Europe open: Shares flat ahead of US payroll data
European shares were in subdued mood again at the open on Friday as investors eyed US payrolls data later in the day.
London open: Stocks steady ahead of non-farm payrolls report
London stocks were steady in early trade on Friday as investors eyed the release of the latest US non-farm payrolls report.
UK house prices fall in July for the first time in a year - Halifax
UK house prices fell in July for the first time in a year amid rising interest rates and surging inflation, according to a survey released on Friday by Halifax.
Tullow Oil plugs and abandons well offshore Guyana
Tullow Oil said on Friday that it has plugged and abandoned an exploration well offshore Guyana.
LSE announces £750m share buyback as H1 profits rise
London Stock Exchange announced the launch of a £750m share buyback on Friday as it posted a jump in first-half profit and lifted its dividend.
German industrial production makes slight unexpected gain
German industrial production unexpectedly in June, according to official data released on Friday and against supply-chain constraints.
Hargreaves Lansdown AuM fall on weaker investor sentiment
Hargreaves Lansdown reported a fall in assets under management for the full year as the war in Ukraine, inflation and cost-of-living crisis shook investor confidence.
WPP interim profits rise, Pets At Home Q1 revenues grow
London pre-open The FTSE 100 was being called to open just 7. 2 points higher ahead of the bell on Friday after closing out the previous session 0. 03% firmer at 7,448. 06.
London pre-open: Stocks seen up ahead of US payrolls report
London stocks were set to edge up at the open on Friday following a positive session in Asia, as investors eyed the latest US non-farm payrolls report.
WPP lifts FY guidance as client spend boosts interims
Advertising giant WPP lifted net sales guidance on Friday, after a rise in half-year profits driven by strong client demand across all services.
Friday newspaper round-up: Twitter, Diageo, Meta
British taxpayers are now shareholders in a further 65 companies because of a government rescue funding scheme set up during the Covid crisis – including a medical cannabis firm, a video game studio and a chain of bars offering activities like ping pong. A list published by the government’s development bank reveals an eclectic range of firms that have received convertible loans as part of the Future Fund. – Guardian.
Pets At Home Q1 revenues grow amid 'continued strong performance'
Pet supplies retailer Pets At Home said on Friday that it had delivered a "continued strong performance" in its first trading quarter, with all channels remaining in growth.
Europe close: Stocks extend rally
European stocks made gains on Thursday despite the biggest rise in UK interest rates since 1995, and growing tensions between the US and China.