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XP Factory H1 revenues surge following Boom Battle Bar acquisition
Leisure business XP Factory said on Friday that interim revenues were projected to be in excess of £8. 0m, up from £1. 2m at the same time a year earlier after the group's acquisition of Boom Battle Bar.
Europe open: Mining stocks pace gains after China inflation data
European stocks rose in early trade on Friday following the release of better-than-expected Chinese inflation data, with miners pacing the advance.
London open: FTSE rises as investors mull China inflation data
London stocks rose in early trade on Friday following upbeat US and Asian sessions, as investors welcomed news of slowing inflation in China.
Gear4Music downgrades expectations for 2023
Gear4music downgraded its full-year expectations on Friday, pointing to the cost-of-living crisis and a lack of visibility over when consumer sentiment might improve, sending shares in the musical instruments retailer tumbling.
China's consumer price inflation slows in August
Inflation in China slowed in August amid weak demand, according to figures released on Friday by the National Bureau of Statistics.
Big Yellow refinances £120m debt facility
Self-storage facilities operator Big Yellow has refinanced its £120. 0m debt facility with M&G Investments for a seven-year term, with the new loan expiring in September 2029.
Landsec COO Colette O'Shea to step down
Landsec said on Friday that chief operating officer Colette O'Shea will be stepping down with effect from the end of March 2023 "as the business moves into the next phase of its growth strategy".
Asos sales weaker than expected in August, Landsec COO to stand down
London pre-open The FTSE 100 was being called to open 22. 2 points higher on Friday after closing 0. 61% higher in the previous session at 31,774. 52.
London pre-open: Stocks seen up after positive US, Asian sessions
London stocks were set to rise at the open on Friday following upbeat US and Asian sessions, as investors mulled the latest Chinese inflation data.
Friday newspaper round-up: Southern Water, Cazoo, EY
Southern Water is threatening to use debt collection agencies against customers involved in a payment boycott in protest against continuing raw sewage discharges. The water company, which was given the lowest one star rating for performance by the Environment Agency, has informed boycotters that it will be using bailiffs if they continue to hold back bill payments. – Guardian.
Asos sales slow in August, FY profits seen in line with expectations
Online fashion retailer Asos said on Friday that August sales had been weaker than expected due to accelerating inflationary pressures and a slow start to the Autumn/Winter shopping period.
US close: Stocks higher after Fed chair Powell comments
Wall Street stocks finished above the waterline on Thursday, having dipped earlier following comments from Fed chairman Jerome Powell.
Europe close: Stocks finish modestly higher
European stocks were mostly higher on Thursday even as the European Central Bank delivered a historic 75 basis point interest rate hike.