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Berenberg keeps Tate & Lyle at 'buy', says recent falls were overdone
The negative reaction to Tate & Lyle's proposed tie-up with US food ingredients group CP Kelco was "too extreme", according to Berenberg, which kept a 'buy' rating on the UK food and beverages group following the announcement.
Tertiary Minerals says Konkola West drilling slower than expected
Tertiary Minerals updated the market on its drilling activities at the Konkola West Copper Project on Friday.
Andrada Mining shares drop on Q1 update
The market value of Andrada Mining sunk by more than a tenth on Friday after the Namibia-focused miner reported that plant outages kept a lid on tin processing rates in its first quarter, though the company said it was well placed to take advantage of the recent rise in tin prices.
Pennant International reports record gross profit margin
Pennant International reported a successful return to operating profit in its final results on Friday, achieving a record gross profit margin.
Ondine Biomedical's Steriwave added to NHS Supply Chain
Life science company Ondine Biomedical announced on Friday that its ‘Steriwave’ nasal photodisinfection treatment was now available through the NHS Supply Chain.
JPMorgan lifts BAE Systems price target, points to ‘exciting’ list of potential new contracts
JPMorgan Cazenove lifted its price target on BAE Systems on Friday to 1,500p from 1,400p as it pointed to an exciting list of potential new contracts.
Touchstone acquisition of Trinity clears a regulatory hurdle
Trinity Exploration and Touchstone Exploration updated the market on Friday, on the regulatory conditions for the recommended all-share acquisition of Trinity by Touchstone.
Asia report: Most markets fall as inflation accelerates in Japan
Asia-Pacific markets mostly fell on Friday after Japan's core inflation rate for May came in cooler than expected at 2. 5%, below forecasts, putting pressure on the country’s plans to raise interest rates.
Morgan Stanley downgrades B&M to ‘underweight’
Morgan Stanley downgraded B&M European Value Retail on Friday to ‘underweight’ from ‘equalweight’ as it said like-for-like growth is slowing and it expects margins to contract year-over-year in FY25, which is a worse outlook than UK retail peers.
Japanese 'core-core' inflation continues downward trend
The growth in Japanese consumer prices accelerated sharply in May but underlying inflation slowed more than expected, adding uncertainty to the interest-rate outlook.
NewRiver upbeat on strengthening retail sector
NewRiver Reit said it remained confident for the future on Friday, on the back of a strengthening retail sector and a "strong" operational performance.
Braveheart swings to loss in 'challenging' year
Shares in Braveheart Investment Group were in the red on Friday morning, after it reported a significant shift in its financial performance in its final results.
Compass to repurchase up to $250m worth of shares
Compass Group announced an agreement to repurchase up to $250m (£196. 7m) of its ordinary shares on Friday.
JPMorgan upgrades Severn Trent, United Utilities
JPMorgan Cazenove upgraded Severn Trent and United Utilities on Friday and placed both on ‘positive catalyst watch’ as it turned more positive on the UK water sector for the first time since it turned cautious in 2022.
Citi lifts target price for Rolls-Royce as rally continues
Rolls-Royce's recent share price rally has further to run, according to Citi, which lifted its target price for the stock on Friday.
Britvic rejects £3bn approach from Carlsberg, shares fizz
Shares in Britvic soared in early trading on Friday, after the soft drinks firm rejected a fresh approach from brewing giant Carlsberg Group.
London open: Stocks flat as investors mull retail sales; Britvic surges
London stocks were steady in early trade on Friday as investors mulled the latest retail sales data and consumer confidence reading.
Europe open: Stocks weaker amid UK data; Zealand Pharma soars
European stocks were weaker at the open on Friday as investors digested data from the UK that showed a rise in retail sales last month, but also government borrowing rising to its highest level since 1961.
Gulf Keystone returns a further $15m to shareholders
Kurdistan-focused oil producer Gulf Keystone saw shares jump on Friday after announcing it would return a further $15m to shareholders by way of an interim dividend following a solid performance in its first half, just one month after announcing a $10m share buyback programme.
M&C Saatchi appoints Simon Fuller as CFO
UK advertising group M&C Saatchi has appointed Simon Fuller as chief financial officer, effective July 1, the company said on Friday.