Latest News

Eurozone industrial production falls as expected
Industrial output in the eurozone fell as expected in July, with further weakness expected into the second half of the year as the manufacturing sector across the region continues to struggle.

Proteome Sciences swings to EBITDA loss, CEO steps down
Proteome Sciences announced a significant drop in first-half revenue and profit on Friday, alongside the departure of its chief executive.

Iofina commissions new Oklahoma iodine plant
Iofina, a specialist in the exploration and production of iodine and the manufacturing of specialty chemical products, announced the commissioning of its new IO10 IOsorb plant in Oklahoma on Friday.

Shire Foods drives robust first half for Volvere
Growth and turnaround investment company Volvere reported robust unaudited interim results for the six months ended 30 June on Friday.

Europa Oil opts not to extend Serenity licence
Europa Oil & Gas, an company focussed on oil and gas exploration, development, and production in the UK, Ireland and West Africa, announced on Friday that it would not apply for an extension of the Serenity licence, P2358.

Triple Point Social Housing reports strong first-half earnings growth
Triple Point Social Housing reported a significant increase in adjusted earnings per share and robust rental growth across its portfolio in its first-half results on Friday.

Kinovo hunts for new auditor after shareholder rejects incumbent's reappointment
Property services company Kinovo announced on Friday that it has initiated a tender process to appoint a new external auditor, after a significant shareholder vote led to the rejection of the reappointment of Moore Kingston Smith at its annual general meeting on 29 August.

Asia report: ASX 200 nears all-time high on mixed day for region
Asia-Pacific markets closed mixed on Friday as mainland Chinese stocks fell to their lowest levels since 2019, while Australian shares edged closer to an all-time high.

Wynnstay CEO Davies steps down
Agricultural supplies company Wynnstay said on Friday that Gareth Davies has stepped down from his role as chief executive "as he continues to focus on a serious family matter" but will remain on the board of directors.

Qatar sovereign wealth fund wants to raise stake in Iberdrola past 10%
Qatar's sovereign wealth fund has told authorities in Madrid that it wishes to raise its stake in Iberdrola past 10%.

US pre-open: Futures point to further gains as markets eye rate cuts
US stock futures were pointing to more gains on Wall Street on Friday, with the S&P 500 and Nasdaq set for their fifth straight session in positive territory ahead of next week's anticipated rate cut by the Federal Reserve.

Ex-NY Fed chief Dudley says he'd go for 50bp cut on 18 September
A former top US central bank official said the size of the Federal Reserve's first interest rate cut in the current cycle was still up in the air.

Boeing workers down tools in pay dispute
Workers at Boeing have gone on strike, it was confirmed on Friday, after voting overwhelmingly to reject a tentative 25% pay rise.

Endeavour Mining achieves commercial production at two mines
Endeavour Mining's share price was given a boost on Friday after the West Africa-based gold producer achieved commercial production at its mines in Senegal and Côte d'Ivoire.

Flutter Entertainment buys 56% stake in Brazil's NSX Group
Paddy Power owner Flutter Entertainment said on Friday that it has bought a 56% stake in NSX Group, a Brazilian operator of the Betnacional brand, for around $350m.

London open: Stocks edge up in quiet trade
London stocks edged up quiet trade early on Friday, with little in the way of market-moving news to provide any direction.

National Grid agrees £630m sale of Electricity System Operator with govt
National Grid announced on Friday that it has reached agreement with the UK government to sell the Electricity System Operator (ESO) for an enterprise value of £630m.

DSV buys Schenker from Deutsche Bahn for €14bn
Danish freight, sea freight, road transport services and logistics giant DSV has agreed to take over Deutsche Bahn's logistics arm Schenker for €14. 3bn.
Europe open: Stoxx up on Fed rate cut bets
European shares opened higher on Friday as the betting increased on a larger-than-expected US interest rate cut in US, a day after the European Central Bank trimmed its benchmark.

Citi lifts Tesco forecasts as market share continues to rise
Citi has lifted its target price for Tesco shares ahead of the supermarket giant's interim results next month, saying that the retailer's continued market share gains should be reflected in the figures.