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US pre-open: Major indices on track to deliver weekly gains
Wall Street futures were in the green ahead of the bell as all three major averages were firmly on track to deliver weekly gains.
AFC Energy acquires mobile hydrogen assets from Octopus
AFC Energy announced an agreement to acquire certain mobile hydrogen storage and distribution assets in the UK on Friday from Octopus Hydrogen, part of the Octopus Energy Group.
Arecor gets milestone payment from Arestat partner
Arecor Therapeutics announced a significant milestone in its collaboration with a global pharmaceutical partner on Friday.
Time Out opens its seventh market in Cape Town
Time Out Group officially opened the Time Out Market in Cape Town on Friday, marking its seventh food and cultural market worldwide.
Intelligent Ultrasound reaches milestone in GE HealthCare partnership
Intelligent Ultrasound announced a significant milestone in its partnership with GE HealthCare on Friday.
FRP Advisory maintains expectations after strong first half
FRP Advisory Group reported strong first-half growth in revenue and profits in a trading update on Friday, along with continued investments in its team.
Europe midday: Stocks rise on UK retail and Eurozone inflation data
European stocks raced ahead on Friday with the Stoxx 600 rising to a two-month high after economic data raised hopes that central banks will move to loosen monetary policy in the near future.
Eurozone inflation confirmed at 2.9% in October, as rate-cut hopes rise
Secondary estimates for the Eurozone consumer price index in October confirmed the initial figures on Friday, showing that inflation saw a big drop, reaffirming hopes that the European Central Bank may look to cut interest rates early next year.
RBC Capital cuts Burberry price target after sales warning
RBC Capital Markets cut its price target on Burberry on Friday to 1,700p from 1,900p after the luxury fashion brand’s sales warning a day earlier.
Berenberg hikes target price on XP Power
Analysts at Berenberg raised their target price on power supply solutions provider XP Power from 1,400. 0p to 1,600. 0p on Friday after having upgraded the group to 'buy' last month.
Asia report: Hang Seng leads declines as Alibaba shares plunge
Hong Kong stocks led declines in the Asia-Pacific region on Friday on the back of a sharp decline in Alibaba Group shares.
Marston's appoints Justin Platt as CEO as Andrea steps down
Marston's said on Friday that Andrew Andrea has agreed to step down as chief executive with immediate effect after more than 20 years at the pub group, and will be succeeded by Justin Platt on 10 January 2024.
Nationwide Building Society H1 profits boosted by rising interest rates
Financial institution Nationwide Building Society said on Friday that interim profits had been boosted by heightened interest rates.
Barclays upgrades NatWest to 'overweight'
Barclays analysts have raised their rating for NatWest from 'equal weight' to 'overweight', saying it expects a big rebound in profits.
Real Good Food sells Rainbow Dust Colours, lowers forecasts for year
Cake decoration specialist Real Good Food announced the sale of the business and certain Rainbow Dust Colours (RDC) assets on Friday to European Fermentation Products for £0. 8m in cash, as it lowered its expectations for its remaining operations.
Record H1 profits drop as margins contract
Management consulting services company Record said on Friday that profits had slumped in the six months ended 30 September.
Europe open: Markets advance as banks provide a lift
European equities advanced on Friday morning on a quiet day for economic data and corporate earnings, with banking stocks across the continent providing a lift.
AstraZeneca gets US approval for breast cancer treatment
AstraZeneca’s ‘Truqap’, or capivasertib, in combination with ‘Faslodex’, or fulvestrant, has secured approval from the US Food and Drug Administration (FDA) for specific breast cancer treatments, the company announced on Friday.
UK retail sales unexpectedly fall in October
Retail sales unexpectedly fell in October as wet weather and the cost-of-living crisis took their toll, according to data released on Friday by the Office for National Statistics.
London open: Stocks rise despite disappointing retail sales
London stocks gained in early trade on Friday as investors shrugged off disappointing UK retail sales figures.