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Norwegian Air shares jump as airline swings to Q2 profit
Shares in Norwegian Air surged on Friday after the carrier swung to a profit in the second quarter on the back of strong passenger growth and an improved cost performance.
Europe midday: Stoxx up on rate cut hopes; Big US banks in focus
European shares were higher on Friday, with sentiment buoyed by an unexpected fall in US inflation that raised hopes of a rate cut in September.
London midday: Stocks up on US rate cut hopes
London stocks were still in the black by midday on Friday, with sentiment boosted by US rate cut hopes, as investors turned their attention to bank earnings across the pond.
Rio Tinto eyeing up possible mega deal - report
Blue chip miner Rio Tinto is understood to be eyeing up a list of possible takeover targets, it was reported on Friday, including Canada’s Teck Resources.
Berenberg lowers target price on BHP
Analysts at Berenberg lowered their target price on mining giant BHP from 2,100. 0p to 2,000. 0p on Friday after the firm provided the market with clarity on the futures of its West Australian nickel business.
Cadence Minerals shares drop after fundraise
Cadence Minerals was the heaviest faller on the AIM on Friday following the news that it has raised £750,000 through a share placing to fund further activity at its Amapá iron ore project in Brazil.
System1 Q1 revenues improve, driven by platform growth
Market research firm System1 said on Friday that revenues were markedly improved over the three months ended 30 June, driven by a surge in platform revenues throughout the quarter.
Asia report: Markets up on US data; Yen in focus on BoJ speculation
Asian share markets closed largely higher as a fall in US inflation boosted hopes of a rate cut in September by the Federal Reserve, but Japanese stocks fell sharply on speculation authorities intervened to support the yen.
Citi stays cautious over Vodafone's growth slowdown
Citi has maintained a 'neutral' stance on Vodafone ahead of the telecoms group's first-quarter results in two weeks, saying that the top-line moderation in two key markets could keep a lid on growth.
Molten Ventures successfully exits from three investments
Venture capital firm Molten Ventures announced successful exits from Graphcore, Perkbox and Endomag on Friday, highlighting returns above or in line with holding values.
Ericsson warns of 'challenging' conditions, but Q2 profits beat forecasts
Swedish telecoms giant Ericsson reported a decline in sales in its second quarter and warned that market conditions would remain "challenging" for the rest of the year, but still managed to beat profit forecasts.
Smurfit Westrock 'top pick' in sector, says JPMorgan
JPMorgan Cazenove initiated coverage of Smurfit Westrock on Friday with an ‘overweight’ rating and $66 price target, adding the stock to its ‘Analyst Focus List’.
SoftBank snaps up UK chipmaker Graphcore
SoftBank Group has snapped up UK start-up Graphcore, it was confirmed on Friday, as the Japanese tech giant continues to expand into artificial intelligence.
Europe open: US CPI data boosts Stoxx
European shares opened higher on Friday, with sentiment buoyed by an unexpected fall in US inflation that raised hopes of a rate cut in September.
Shore Capital upgrades Softcat back to 'buy' after recent declines
Shore Capital has moved its rating for Softcat back to a 'buy', just two weeks after downgrading the stock, following a big share-price decline at the IT infrastructure group.
London open: FTSE gains as attention turns to US bank earnings
London stocks rose in early trade on Friday as investors turned their attention to the US, where banks are due to kick off the earnings season.
RBC Capital trims Hays price target
RBC Capital Markets cut its price target on Hays on Friday after the recruiter said a day earlier that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
Outflows mount at Ashmore on 'subdued' risk appetite
Assets under management at Ashmore Group fell in the last quarter, the specialist fund manager said on Friday, on the back of weaker investor sentiment.
China exports rise by 8.6% in June, but imports fall
Chinese exports rose by a greater-than-expected 8. 6% in June year on year, while imports fell unexpectedly by 2. 3%, according to official data published on Friday.
London pre-open: Stocks to rise as investors eye US bank earnings
London stocks were set to rise at the open on Friday as investors turned their focus to the US, where banks are due to kick off the earnings season.