Market Report
FTSE 250 movers: Balfour Beatty takes off on LAX deal; BGEO numbers disappoint
Investors cast aside their inflationary worries on Friday and happily piled into equities on the FTSE 250.
Steve Bannon refuses to answer questions in Russia inquiry
Steve Bannon, former strategy chief of President Donald Trump, has been questioned several times this week as part of the investigation into possible Russian intervention in the 2016 elections.
Asia report: Stocks mixed with few markets in region open
Markets in Asia finished mixed on Friday, after a day of light trading with a number of bourses closes for the Lunar New Year holiday.
Fox likely to sweeten terms of Sky offer, RBC thinks
Sky has effectively de-risked the threat of key sports broadcasting rights losses in the UK and Germany since the start of last year with renewals of both Premier League and Bundesliga rights, but analysts at RBC Capital Markets downgraded the stock on valuation ground.
Christie brokers sale of five-star hotel in Alicante
AIM-listed Christie Group said on Friday that Christie & Co, its specialist provider of agency and advisory services, has brokered the sale of the Hotel Denia La Sella Golf Resort & Spa in Alicante, Spain.
Kitron shares stumble despite strong Q4 revenue and profit
Share in Scandinavian electronics manufacturer Kitron took a tumble on Friday even as it reported strong revenue growth and improved profits.
US pre-open: Stocks set for sixth day of gains as investors eye data slew
US futures pointed to a sixth day of gains on Wall Street on Friday as investors set aside their concerns about rising inflation and higher interest rates and looked ahead to a slew of economic data releases.
Petropavlovsk CFO Andrey Maruta resigns
Gold miner Petropavlovsk announced the resignation of its chief financial officer Andrew Maruta on Friday, along with the appointment of former HSBC investment banker Adrian Coates to the position of independent non-executive director.
London midday: Stocks hold on to gains as pound slips back after retail sales
London stocks were holding on to solid gains by midday on Friday as the pound slipped back below $1. 41 following disappointing retail sales data.
UK retail sales grow less than expected in January
Retail sales in the UK grew less than expected in January, according to data from the Office for National Statistics.
Europe midday: Shares look to close week on a high as earnings lift mood
European shares looked set to break their losing run on Friday as Asia and Wall Street provided initial support before solid corporate earnings provided extra impetus.
Phoenix Global Resources refinances in support of accelerated strategy
Independent Argentina-focussed oil and gas exploration and production company Phoenix Global Resources announced additional funding arrangements to support an accelerated business plan for 2018 on Friday, and provided an operational overview for 2017.
Concepta shores up management strength as part of China strategy
Healthcare technology company Concepta announced the appointment of David Darrock, chief operating officer of the Concepta group, as a director of Concepta Diagnostics on Friday.
BlackRock loans W Resources cash for La Parrilla restart
Tungsten, copper and gold exploration and development company W Resources has signed a credit and guaranty agreement, it announced on Friday, with lenders including funds managed by BlackRock Financial Management, to provide a $35m secured term loan facility to fund the La Parrilla mine development.
Advanced Oncotherapy subscription cash gets regulatory clearance
Next-generation proton therapy systems developer Advanced Oncotherapy announced on Friday that, in relation to its announcement on 7 December and following the passing of the resolution by shareholders on 23 January, it has been informed by Yantai Cipu that the Chinese authorities have authorised the transfer from China of £13. 5m.
Brown out, Noland in as accesso CEO
Technology solutions provider accesso Technology Group announced on Friday that Royce Paul Noland Jr, president and CEO of the International Association of Amusement Parks and Attractions (IAAPA), would succeed Steve Brown as its chief executive officer, and is expected to join the Board of accesso on 9 April.
OnTheMarket pleased with progress after first week on AIM
Online property portal operator OnTheMarket announced on Friday that after five days of trading on AIM, agent support for its portal has been extremely encouraging.
SEGRO posts strong set of results as growth continues
SEGRO took the wraps off a strong set of financial, operating and portfolio performance metrics on Friday, reporting a record level of development completions for the 2017 year, almost all of which have been leased.
Faron Pharma to raise £15m for Traumakine investment
AIM-listed biopharmaceutical group Faron Pharmaceuticals announced plans on Friday to raise up to £15m through a placing and subscription.
Balfour Beatty wins share of $2bn LAX airport shuttle contract
Balfour Beatty has won a share worth around £420m of a huge contract to design and build an 'automated people mover' at Los Angeles International airport.