Market Report
Westminster Group sees decent improvement in revenue
Managed services and technology-based security solutions provider Westminster Group reported a 24% improvement in revenue in its final results on Friday, to £6. 7m.
Foot Locker misses on sales, trims full-year EPS guidance
US retailer Foot Locker saw profits rise in the first quarter of its trading year, but sales came in lower than expected and the group trimmed its full-year profit guidance amidst the prospect of tariffs on Chinese made goods hitting the sports shoe and apparel industry.
Europe midday: Stocks bounce as Trump hints at partial reprieve for Huawei
Stocks across the Continent are bouncing higher at the end of the week helped by some more optimistic sounding noises out of the White House regarding US-China trade talks.
US pre-open: Stocks set for bounce as Trump softens stance on Huawei
Wall Street futures were pointing to a positive open on Friday following some positive news on the trade front, with the President indicating he would be willing to ease restrictions on Chinese telco giant Huawei as part of a broader trade agreement.
Tearful May says she will quit on June 7
A tearful Theresa May finally fell on her sword on Friday as she said she would quit office on June 7, having failed to secure agreement on her Brexit withdrawal deal.
Mitchells & Butlers fizzes higher on Liberum upgrade
Shares in pub chain Mitchells & Butlers fizzed higher on Friday as Liberum upgraded the stock to ‘buy’ from ‘hold’ and hiked the price target to 340p from 270p after its half-year results a day earlier.
London midday: Stocks stay up after May's resignation
London stocks were still in the green by midday on Friday following the widely expected resignation of Prime Minister Theresa May.
Faron appoints new CFO after some internal shuffling
Clinical-stage biopharmaceutical company Faron Pharmaceuticals updated the market on its board and management team on Friday, announcing that Yrjö Wichmann was leaving his current role as its chief financial officer to take up the new position of vice-president, financing and investor relations.
Caspian Sunrise intersects oil bearing reservoir at BNG site
Central Asian exploration and development outfit Caspian Sunrise revealed on Friday that two core samples taken from its flagship BNG contract area were shown to be porous and oil and gas bearing.
Victoria Oil & Gas revenues halve but cost-cutting efforts narrow pre-tax losses
Victoria Oil and Gas saw revenues halve in its last trading year, but a recently implemented cost-cutting programme helped the firm narrow pre-tax losses.
Asia report: Markets mixed as trade war sentiment continues to sour
Markets in Asia finished in a mixed state on Friday, with concerns over the ongoing trade war between the US and China continuing to linger.
UK retail sales steady in April
UK retail sales were flat in April, according data released on Friday by the Office for National Statistics.
Fevertree backs FY guidance despite tough comparatives
Premium mixers maker Fevertree backed its full-year expectations on Friday despite tough comparatives.
Hargreaves Services agrees sale of 10.75 acres at Blindwells
Industrial and property service provider Hargreaves Services has exchanged conditional contracts with Bellway Homes for the sale of 10. 75 acres of serviced residential development land at its key Blindwells site near Edinburgh, it announced on Friday.
Caledonian Trust amends disposal plans for St Margaret's House
Edinburgh-based property investment holding and development company Caledonian Trust updated the market on the proposed sale of St Margaret's House at 151 London Road to Drum Property Group on Friday.
Rose Petroleum raises £0.3m and gets a new chairman
Natural resources business Rose Petroleum confirmed the receipt of £0. 3m for a subscription for 25 million new ordinary shares at 1. 2p per share on Friday, as well as the appointment of Colin Harrington as its executive chairman, effective immediately.
Two Shields to increase WeShop stake via share swap
Two Shields Investments has signed a share purchase agreement under which certain shareholders of WeShop had conditionally agreed to swap their shares for the issue and allotment of new ordinary shares in Two Shields, it announced on Friday.
Secure Property making good progress with sale of non-Greek assets
South Eastern Europe-focussed property company Secure Property Development updated the market on the sale of its non-Greek assets to Arcona Property Fund on Friday.
IQE reiterates guidance despite Huawei blacklisting
British semiconductor company IQE said on Friday that its strategy of supplying multiple major manufacturers protected it from the recent blacklisting of Chinese telecom group Huawei to "a very significant degree".
Vectura set to get $2.5m milestone payment from Novartis
Vectura Group announced on Friday that it will receive a $2. 5m milestone payment under an exclusive licence agreement with Novartis.