Market Report
Altria to buy 45% stake in Cronos Group
Cigarette maker Altria Group has agreed to buy a 45% stake in Toronto-based cannabinoid company Cronos Group for $1. 8bn.
UniVision profits boosted by 'transformational contract' with MTRC
CCTV systems outfit Univision saw both profits and revenues soar in the first half of its trading year, driven by a "transformational contract" with MTRC in Hong Kong.
Immupharma plots patient recruitment for Lupzor trials
Drug discovery and development outfit Immupharma has progressed its managed access programme on Lupzor as planned, with patient recruitment in France and the UK expected to follow the firm's analysis of regulatory processes across the EU.
Zinc Media names Mark Browning as next CEO
Zinc Media has tapped former ITN Productions executive Mark Browning to take on the role of chief executive in the first half of 2019.
Mirada signs contract with Mongolia’s Skytel for Iris multiscreen product
Mirada has signed a new contract with Mongolia’s Sky Media Corporation, a subsidiary of Skytel, for its Iris multiscreen product.
FCA proposes permanent restrictions on CFDs, binary options
UK financial regulators plan a permanent ban on the sale of binary options to retail customers and restrictions on the sale, marketing and distribution of CFDs.
Inspired Energy agrees to acquire Inprova's finance wing
Energy procurement consultant Inspired Energy has conditionally agreed to acquire rival Inprova Finance for £19. 5m in cash.
US pre-open: Stocks to drop as attention shifts to payrolls
US stocks looked set to fall at the open on Friday, bucking the global trend after a late recovery in the previous session as investors eye the release of the latest non-farm payrolls report.
London midday: Stocks extend gains after global selloff; payrolls eyed
London stocks had regained further lost ground by midday on Friday, recovering from heavy losses in the previous session that took the top-flight index to its worst level since the Brexit referendum, as investors eyed the release of the latest non-farm payrolls report.
ABF's Primark fights hard to remain on track
Associated British Foods said that its Primark retail arm endured a "challenging" period of trading last month but expectations for annual profits growth remain unchanged.
ANZ sale in jeopardy as Aussie regulator comes down on buyer
Australia and New Zealand Banking Group updated the markets down under on the sale of its Wealth businesses overnight, following regulatory action against IOOF Holdings as announced on Friday by the Australian Prudential Regulation Authority (APRA).
President Energy upbeat on latest drill results from Rio Negro
Upstream oil and gas company President Energy updated the market on its concessions in Argentina’s Rio Negro province on Friday, with positive updates from both primary and secondary targets.
Berenberg downgrades Centamin amid caution over 2019 guidance
Berenberg downgraded gold miner Centamin to ‘hold’ from ‘buy’ on Friday, cutting the price target to 106p from 115p, citing caution over 2019 guidance.
James Halstead confident going forward despite Brexit concerns
Commercial flooring company James Halstead confirmed it was continuing its long record of increased dividend payments on Friday, as investors gathered for the annual general meeting.
AJ Bell sets price for upcoming London IPO
Investment platform AJ Bell on Friday reached an issue price of 160p per share for its upcoming initial public offering, giving the group a market capitalisation of approximately £651m from day one.
Standard Life Investments almost halves property vacancy rate
Standard Life Investments Property Income Trust has completed the letting of its largest vacancy, it announced on Friday - a logistics unit in Swadlincote.
Roche's 'Tecentriq' gets another FDA approval
Roche announced on Friday that the US Food and Drug Administration (FDA) approved ‘Tecentriq’ (atezolizumab) in combination with ‘Avastin’ (bevacizumab), paclitaxel and carboplatin (chemotherapy), for the initial treatment of people with metastatic non-squamous non-small cell lung cancer (NSCLC), with no EGFR or ALK genomic tumour aberrations.
House price growth falls to six-year low - survey
House prices dropped much more than expected last month, with annual growth falling to a six-year low as political and economic uncertainty ramped up.
McCarthy & Stone hires two new COOs to drive transformation
McCarthy & Stone has poached a pair of executives from Kier Group and the AA to carry out its new transformation strategy as join chief operating officers.
London open: Stocks recover as investors eye non-farm payrolls
London stocks rose in early trade on Friday to recoup some of the heavy losses a day after the top-flight index closed at its worst level since the Brexit referendum, with US non-farm payrolls also coming in focus.