Market Pulse
Mothercare shares slide as group enters refinancing negotiations
Retailer Mothercare shares nosedived in early trading as the group revealed it had entered refinancing negotiations as demand for its products continued to be subdued.
C&C backs guidance as it delays FY results
Bulmers, Magners and Tennent’s owner C&C Group reaffirmed its annual guidance on Friday as it said full-year results will be delayed as additional time is needed to complete a review of certain non-cash accounting measurements relating to previous financial periods.
London open: FTSE gains as UK exits recession
London stocks rose in early trade on Friday as data revealed the UK is no longer in recession.
Bytes Technology appoints Sam Mudd as permanent CEO
Bytes Technology Group announced the appointment of Sam Mudd as its permanent chief executive officer on Friday, as it also welcomed two independent non-executive directors to its board.
UK no longer in recession as Q1 GDP grows 0.6%
The UK is no longer in recession, according to data released on Friday by the Office for National Statistics.
London pre-open: Stocks seen up as UK economy no longer in recession
London stocks were set to rise at the open on Friday as investors mulled the latest UK GDP figures.
Friday newspaper round-up: Tata, Post Office, John Lewis, KPMG
Members of a steelworkers’ union have voted to take industrial action in protest at planned job losses at Tata. The company last month rejected a plan by unions to keep open a blast furnace at the Port Talbot steelworks, ending hopes of avoiding as many as 2,800 job losses. – Guardian.