Market Pulse
Asia report: Most markets fall after US inflation report
Asia-Pacific markets finished in a mixed but largely negative state on Friday, largely influenced by the surprising surge in producer prices in the United States overnight.
Jefferies upgrades Mondi after YTD underperformance
Jefferies upgraded its rating on packaging firm Mondi on Friday following year-to-date underperformance.
Scottish Mortgage Investment Trust to spend up to £1bn on buybacks
Scottish Mortgage Investment Trust announced on Friday that it had made available at least £1bn for share buybacks over the next two years, following strong operational results from its public and private portfolio.
London open: Stocks flat but Vodafone jumps on Swisscom deal
London stocks were steady in early trade on Friday as investors continued to mull another hotter-than-expected US inflation reading, but Vodafone surged on news Swisscom is buying its Italian business.
Biome Technologies division wins £0.54m contract
Bioplastics and radiofrequency technology specialist Biome Technologies announced a new contract for its RF technologies division Stanelco on Friday.
RBC Capital downgrades CVS Group on CMA review
RBC Capital Markets downgraded CVS Group on Friday to ‘sector perform’ from ‘outperform’ and slashed the price target to 1,200p from 2,100p after the UK Competition and Markets Authority said it had provisionally decided to launch a formal investigation into the vet market.
Volution sees FY EPS ahead of expectations after 'strong' H1
Volution Group said on Friday that full-year earnings per share were set to be ahead of consensus after a "strong" first half.
London pre-open: Stocks seen flat as investors continue to mull US inflation
London stocks were set for a steady open on Friday following a downbeat close on Wall Street, after another hotter-than-expected US inflation reading.
Friday newspaper round-up: Unilever, civil servants, Wegovy
Unilever could face a potential row with shareholders after it emerged that the new boss of the consumer goods company can earn up to €17. 4m (£14. 9m) this year if he hits maximum targets. Hein Schumacher, who joined the owner of Marmite, Domestos and Dove in June last year, took home €3. 9m for his first six months as chief executive. He earned a €1. 86m annual bonus on top of his €1. 4m in basic pay and benefits, which included €292,492 to help cover his relocation to the UK, according to Unilever’s annual report published on Thursday.