Market Pulse
Clean Power Hydrogen reports £2m loss as it moves to commercial phase
Clean Power Hydrogen, a UK-based green hydrogen technology company, reported a loss of £2. 3m for the six months ended 30 June on Friday.
Asia report: Chinese markets finish bumper week in the green
Asian markets showed a strong weekly performance on Friday, driven largely by a rally in Chinese stocks, which posted their best weekly gains since 2008.
Mutares hits back after short-seller attack
German private equity firm Mutares responded on Friday to allegations made by short-seller Gotham City Research, insisting that discrepancies in its cash balances were down to a transcription error.
ValiRx losses narrow in first half
ValiRx, a life science company focussed on cancer therapeutic development, reported a total comprehensive loss of £0. 97m for the six months ended 30 June on Friday, narrowing from a loss of £1. 04m in the same period last year.
Iofina inks deal to build new iodine production plant
Iofina announced an agreement to build a new iodine production plant, IO11, in Western Oklahoma on Friday.
Eneraqua Technologies names John Samuel as CFO
Energy and water efficiency solutions provider Eneraqua has tapped John Samuel to take over as chief financial officer, effective 4 November.
LifeSafe receives new StaySafe All-in-1 purchase orders
Fire safety technology group LifeSafe revealed on Friday that it has received multiple new purchase orders for its StaySafe All-in-1 aerosol fire extinguisher.
4basebio losses widen as it progresses commercial development
4basebio, a biotechnology company specialising in synthetic DNA products and nucleic acid delivery platforms, reported revenue of over £0. 3m for the six months ended 30 June on Friday.
Moncler surges on LVMH deal
Moncler surged on Friday after LVMH bought a 10% stake in Double R, the investment vehicle controlled by the holding company owned by Moncler chief executive and chairman Remo Ruffini.
International PPL partially sells FHSP investment
International Public Partnerships announced the partial disposal of its investment in the Family Housing Support Project (FHSP) on Friday, generating £30m.
London open: FTSE nudges up as investors eye US PCE
London stocks nudged up in early trade on Friday following solid gains on Wall Street and with Chinese markets on track for their best week since 2008, as investors eyed the release of the Federal Reserve’s favourite gauge of inflation.
London pre-open: Stocks seen up ahead of US PCE
London stocks were set to rise at the open on Friday following gains on Wall Street, as investors eyed the release of the Federal Reserve’s favourite gauge of inflation.
Friday newspaper round-up: Gambling ads, road building schemes, public sector pensions
Ministers have been urged to intervene to stop football clubs from setting their own rules on curbing gambling advertising, after research showed Premier League fans were bombarded with nearly 30,000 gambling messages on a single weekend. Clubs in the top flight have so far avoided compulsory restrictions on gambling sponsorship, instead addressing public concern through voluntary measures such as a ban on front-of-shirt logos, starting in 2026. – Guardian.