Market Pulse
Kinovo receives direct awards following addition to NHMF framework
Property services group Kinovo said on Friday that it has received "a number of direct awards" from new clients following its successful placing on the National Housing Maintenance Forum's framework for Planned Maintenance, Net Zero Carbon and Passive Fire Safety Works.
Bowleven planning to delist, re-register as private company
Africa-focussed oil and gas explorer Bowleven announced plans to delist its shares from trading on AIM on Friday, re-register as a private limited company, and adopt new articles of association.
Neil Sachdev appointed as Hornby's new non-executive chair
Models and collectibles group Hornby announced the appointment of Neil Sachdev MBE as its new non-executive chairman on Friday, effective immediately.
Oncimmune secures new contract win with 'top ten' global pharma company
Autoantibody profiling business Oncimmune said on Friday that it had secured a new contract win with a "top ten global pharma company".
Citi cuts Fever-Tree price target, keeps ‘neutral’ rating
Citi cut its price target on Fever-Tree on Friday to 950p from 1,115p citing slight model changes and an adjustment to its price-to-earnings valuation method.
CMO Group confident despite challenging first half
Online building materials retailer CMO Group said in an update on Friday that it experienced a challenging first half, with sales falling to £30. 3m from £36. 9m a year earlier.
The Renewables Infrastructure Group net asset value falls in H1
Investment trust The Renewables Infrastructure Group said on Friday that its net asset value had fallen in the six months ended 30 June as lower prices and soft energy generation impacted its overall performance.
Future Metals chair goes part-time amid PGM price slump
Future Metals announced in an update on Friday that its executive chair Patrick Walta had made a strategic decision to transition to a part-time role from 1 August.
London open: Stocks gain as US jobless claims allay fears
London stocks gained in early trade on Friday following a positive session on Wall Street, as stronger-than-expected jobless claims numbers eased concerns about the US economy.
TBC Bank upbeat on solid first-half results
Georgia-based TBC Bank reported robust second-quarter and first-half results on Friday, with significant year-on-year growth in profits and returns on equity (ROE).
China CPI ticks up more than expected in July
Consumer price inflation accelerated more than expected in July, according to figures released on Friday by the National Bureau of Statistics.
London pre-open: Stocks to gain on positive US cues
London stocks were set to gain at the open on Friday following a positive session on Wall Street, as better-than-expected jobless claims eased concerns about the US economy.
Friday newspaper round-up: Drax, X, Lord Saatchi
The Drax power station was responsible for four times more carbon emissions than the UK’s last remaining coal-fired plant last year, despite taking more than £0. 5bn in clean-energy subsidies in 2023, according to a report. The North Yorkshire power plant, which burns wood pellets imported from North America to generate electricity, was revealed as Britain’s single largest carbon emitter in 2023 by a report from the climate thinktank Ember. – Guardian.