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Europe midday: French stocks slump on election woes; Stoxx in retreat
European equities slumped into the red on Friday, continuing a miserable week, with French stocks weaker again on worries over the country’s upcoming snap election and reports that luxury labels were discounting goods in China to shift inventory.
Tesco CEO's £10m pay package overshadows Q1 sales jump
British supermarket chain Tesco on Friday held annual guidance after reporting a 4. 6% jump in UK first-quarter sales, but the £10m pay packet for company boss Ken Murphy was the only number in focus.
CPPGroup offloads legacy Italy operations
CPPGroup, a provider of real-time, digitally delivered assistance products, announced the disposal of its legacy operations in Italy on Friday.
Raspberry Pi shares jump as retail investors join the fray
Budget computer maker Raspberry Pi saw a significant jump in its shares on Friday morning, as retail investors began trading its stock.
Regulator launches formal probe into Barratt-Redrow tie-up
The competition watchdog has launched an official investigation into the proposed £2. 5bn takeover of house builder Redrow by Barratt Developments, it was confirmed on Friday.
Vodafone looking to offload Indus Towers stake - report
Vodafone Group is reportedly looking to sell its whole $2. 3bn stake in India's Indus Towers through stock market block deals next week.
Tissue Regenix purchases building at Texas site
Medical technology company Tissue Regenix has purchased the building it currently leases at its facility in Universal City, Texas.
RBC Capital Markets starts Genuit at ‘sector perform’
RBC Capital Markets initiated coverage of Genuit on Friday with a ‘sector perform’ rating and 515p price target.
Berenberg raises target price on Halma following 'good' FY results
Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,295. 0p to 2,450. 0p on Friday following the group’s full-year earnings report a day earlier.
Asia report: Markets mixed as BoJ holds interest rates
Markets in the Asia-Pacific region finished in a mixed state on Friday, with Japanese reversing earlier losses after the Bank of Japan (BOJ) decided to keep its benchmark interest rate unchanged.
Crest Nicholson rejects two takeover proposals from Bellway
Crest Nicholson confirmed on Friday that it had rejected two, unsolicited takeover approaches from Bellway, the latest valuing the group at about £650m.
MP Evans processed crops volumes increase, crude production rises
Palm oil producer MP Evans said on Friday that both processed crops and crude production had risen across the first five months of the year.
Physiomics re-engages with DoseMe for personalised dosing software
Physiomics, a mathematical modelling and data science specialist focussed on therapeutics and personalised medicine, has re-engaged with DoseMe to implement its personalised dosing software on the ‘DoseMeRx’ platform, it announced on Friday.
Germany calls on EU to soften China tariffs - report
Germany is lobbying the European Union to soften or even scrap a proposed tariff hike on Chinese-made electric vehicles, it was reported on Friday.
Keywords Studios extends deadline for offer from EQT
Keywords Studios announced an extension to the deadline for a possible cash offer from a fund within the EQT Group on Friday.
Pantheon International appoints new portfolio manager
Pantheon International announced the appointment of Charlotte Morris as its co-lead portfolio manager on Friday.
Corero inks three-year deal as product wins award
Corero Network Security announced a new three-year partnership with US-based A2 Hosting, a provider of high-performance hosting solutions, on Friday.
Bank of Japan holds rates, remains cautious on unwinding
The Bank of Japan kept lending rates on hold in its latest decision overnight on Friday, and announced plans to reduce its substantial bond purchases, with detailed tapering plans set to be released at its July meeting.
Acuity RM appoints new finance director
Governance, risk and compliance software specialist Acuity RM Group announced the appointment of Katherine Buchan ACA as its finance director on Friday, effective immediately.
London open: Stocks flat; Tesco and Crest Nicholson in focus
London stocks were flat in early trade on Friday, with all eyes on the latest results from Tesco and M&A news in the housebuilding sector.