Market Report
Savannah receives positive advice from Oman authorities
Resource development company Savannah Resources announced on Friday that it had now received initial advice from the Ministry of Environment and Climate Affairs on the environmental impact assessment (EIA) for the development of a processing plant and tailings facility for its Block 4 and 5 copper projects in Oman.
Amazon to buy Whole Foods in $13.7bn deal
Amazon has agreed to buy Whole Foods Market for $42 per share in cash, in a deal valued at around $13. 7bn.
Premaitha Health launches 'Sage' prenatal testing product
Molecular diagnostics group Premaitha Health announced the launch of ‘Sage’ on Friday, which it described as an non-invasive prenatal testing (NIPT) solution incorporating additional prenatal screening analysis tools.
May US housing starts miss forecasts
Activity in the US housing market cooled sharply last month.
London midday: Stocks extend gains as traders pick up some bargains
Equity markets in London were extending gains by midday on Friday, recovering from the previous session’s losses.
SThree bounces back in quarter two but UK remains one big drag
Interim results from SThree showed the recruiter bounced back in recent months after two weak quarters.
EU Supply enters new framework agreement worth up to EUR 3.6m
E-procurement software provider EU Supply announced on Friday that it had entered into a new framework agreement with an existing, unnamed customer, for additional services to its ‘CTM’ platform.
SDL finance chief Lavelle taking medical leave
SDL announced on Friday that Dominic Lavelle had taken temporary leave of absence to undergo treatment for a medical condition.
Great Western Mining raises £1.15m in placing
Gold, silver and copper exploration and development company Great Western Mining announced on Friday that it had raised £1. 15m before expenses via a placing of 92 million new ordinary shares of €0. 0001 each, at a price of 1. 25p per placing share, to institutions and existing shareholders.
Europe midday: Stocks rise on car sales data, Greece optimism
European stocks were modestly higher at the end of the week on the back of improved European car sales data and on the heels of progress overnight on debt relief for Greece.
BHP Billiton appoints Ken MacKenzie as chairman
Ken MacKenzie has been elected to succeed Jac Nasser as chairman of BHP Billiton with effect from 1 September following Nasser’s retirement.
Asia report: Most markets higher as BoJ stands pat
Most markets in Asia were marginally higher on Friday, with investors keeping an eye on the tech slide in New York as the Bank of Japan stood pat on policy.
US pre-open: Stocks seen touch higher ahead of housing starts, consumer sentiment
US futures pointed to a marginally higher open on Wall Street ahead of housing starts and consumer sentiment data.
Liberum upgrades Wolseley to 'buy' from 'hold'
Liberum upgraded heating and plumbing products distributor Wolseley to ‘buy’ from ‘hold’ and bumped up the price target to 5,300p from 4,975p.
Applegreen appoints Niall Dolan as CFO
AIM-listed forecourt and food-to-go retailer Applegreen has appointed Niall Dolan - currently head of the company’s corporate finance & treasury - as its new chief financial officer with effect from 1 July.
BTG releases results of ACCESS PTS trial
Global specialist healthcare company BTG highlighted the results of its ACCESS PTS trial, presented at the Society for Vascular Medicine 28th Annual Scientific Sessions in New Orleans, on Friday.
Amec Foster Wheeler secures Western Australia gold project contract
Amec Foster Wheeler has been awarded an engineering procurement and construction (EPC) contract worth AUD298m by Gruyere Management - the agent and manager for the joint venture between Gold Road Resources and Gruyere Mining Company - the Gruyere gold project in Western Australia.
London open: Stocks edge higher after Thursday's losses
London stocks edged higher in early trade on Friday, recovering some ground after a more hawkish stance than expected from the Bank of England lifted the pound.
Tesco tears off to strong start as fresh food outperforms
Tesco romped off to a strong start to its new financial year, with Britain's biggest grocer delivering first quarter UK sales ahead of City expectations despite current tough conditions for the wider retail industry.