Market Report
Arian Silver posts positive test results on lithium purchase options
Mexico-focussed resource exploration and development company Arian Silver Corporation reported on Friday that, further to its announcement on 11 April regarding the option agreement to acquire three lithium projects, the test results of its preliminary sampling programme had confirmed the presence of lithium concentrations.
London open: Stocks edge higher in quiet trade
London stocks edged higher in quiet trade on Friday with little in the way of macroeconomic or corporate news to provide much direction.
Entertainment One profit to take £47m hit from film division restructuring
Peppa Pig owner Entertainment One said it expects to report around £47m of one-off costs for the year to the end of March 2017 after it renegotiated one of its larger film distribution arrangements as part of its wider reshaping of the film division.
United Internet to buy Drillisch for €2.8bn
United Internet has agreed to buy Drillisch and merge the telecommunications provider with its 1&1 Telecommuniction subsidiary.
Redefine signs up new Derby tenant for 50% rent boost
Redefine International has signed a 15-year lease with TK Maxx for a property in Derby for 50% above its estimated retail value as it spends £2. 2m on redeveloping the store space.
Driver Group disposes of South African subsidiary
AIM-listed Driver Group announced the disposal of its South African subsidiary, Driver Trett South Africa Pty Ltd, to DTSA's local management team.
Havas surges on Vivendi offer
Havas shares surged on Friday after media group Vivendi offered €9. 25 a share in cash to buy Group Bollore's 60% stake in the French advertising and PR company.
Continued net asset value growth for HarbourVest
Closed-end investment company HarbourVest Global Private Equity announced its audited results for the year to 31 January on Friday, reporting continued growth in net asset value per share of 10% during the year, to $18. 47.
Vanquis Bank and Moneybarn keep Provident steady, AstraZeneca sees success with immuno-oncology drug
London open.
London pre-open: Stocks seen muted on what should be quiet day
London stocks were set for a muted start on Friday, with no major macroeconomic releases due to provide any direction and a fairly quiet corporate calendar.
Friday newspaper round-up: Deliveroo, Jes Staley, Lloyds
Relations between the world’s two largest economies have hit “a new high”, Donald Trump’s commerce secretary has claimed, announcing a “herculean” trade deal between Washington and Beijing in the latest sign of warming ties. Trump frequently lashed out at China on the campaign trail, describing Beijing as an “enemy” of the United States. - Guardian.