International News
Europe close: Stocks stay above the water to end week in the green
European shares were just above the waterline as they closed on Friday, with a boost from stronger sessions in the US and Asia and renewed hopes of more monetary easing from the US Federal Reserve managing to keep things chugging.
BlackRock falls short of estimates as revenues slide
US asset manager BlackRock fell short of estimates on the Street in its last trading quarter as investment advisory and lending revenues dropped amid a rise in costs.
UK to leave Huawei out of telecoms review
The UK government is set to publish its results for the telecoms supply chain review, but will leave out its decision on Huawei’s future involvement in the 5G technology development.
Beter Bed reaches financial agreements with banks and major shareholders
Beter Bed Holding announced on Friday that it had reached agreement with its banks and major shareholders to facilitate its exit of German mattress discounter Matratzen Concord.
US consumer sentiment picks up in July - Uni Michigan
Consumer sentiment in the US picked up a touch in July, according to a preliminary reading from the University of Michigan.
PepsiCo to buy South Africa's Pioneer Foods for $1.7bn
PepsiCo has agreed to buy South Africa’s Pioneer Foods Group for $1. 7bn.
US open: Stocks go green as focus switches back to the Fed
US stocks opened higher on Friday after two top Federal Reserve officials hinted that more aggressive policy easing from the central bank was on the horizon.
US pre-open: Futures point to gains as interest rate cuts return to focus
Wall Street futures pointed to a firmer open on Friday after two top Federal Reserve officials hinted that more aggressive policy easing from the central bank was on the horizon.
Nordea boss warns of further job cuts
Nordea Bank on Friday it would have to axe more jobs to cut costs less than two years after sacking 6,000 staff.
Asia report: Markets rise on renewed Fed rate cut hopes
Markets in Asia advanced on the last trading day of the week, as expectations for some easing from the US Federal Reserve began to ripple across the Pacific.
AB InBev sells Australian business to Asahi
Anheuser-Busch InBev has agreed to sell its Australian operations to Japan's Asahi Group for an enterprise value of A$16bn (£9bn) to pay off debt.
Acacia Mining agrees £951m sale to Barrick Gold
Acacia Mining has agreed to be bought by Barrick Gold in a deal that values the UK gold miner at about £951m and concludes two months of fractious talks between the companies.
RBS CEO Ross McEwan to run National Australia Bank
Royal Bank of Scotland's departing chief executive, Ross McEwan, has been appointed to run National Australia Bank as the Australian lender seeks to rebuild its reputation.