Market Report
Pernod Ricard buys majority stake in Kentucky-based Rabbit Hole Whiskey
France's Pernod Ricard has added Bourbon to its portfolio with the acquisition of a majority share in Kentucky-based Rabbit Hole Whiskey.
Broadcom warns on impact of trade uncertainty, Huawei restrictions
US chip maker Broadcom turned cautious on the outlook for the back half of 2019 on Thursday, citing the "continued geopolitical uncertainties" and the impact of export restrictions on one of its largest customers, presumably Chinese telecoms equipment manufacturer Huawei.
Europe open: Stocks dip amid weak Chinese data, tensions in Persian Gulf
Stocks are moving lower at the end of the week, weighed down by a spate of mixed readings for the Chinese economy in May and amid heightened tensions in the Persian Gulf.
Spain's Indra may bid for majority stake in Rolls-Royce's ITP Aero
Spanish information technologies outfit Indra has expressed an interest in acquiring a majority stake in ITP Aero from Rolls Royce.
Canada's CGI to buy Scisys in £78.9m deal
Scisys shares surged on Friday after Canadian IT services company CGI offered to buy the London-listed computer software services group for 254. 15p a share in cash.
Shell agrees to compensate 12,000 overcharged customers
Royal Dutch Shell has agreed to compensate roughly 12,000 customers after overcharging on its default tariffs after the UK's new price cap was introduced.
ShoreCap upgrades AO World to 'hold' after recent declines
Shore Capital upgraded its stance on AO World to 'hold' from 'sell' on Friday following recent share price declines.
Europe midday: Stocks down on geopolitical worries, tech and basic resources weakest
Stocks are moving lower at the end of the week, weighed down by a spate of mixed readings on the Chinese economy for the month of May and amid heightened tensions in the Persian Gulf.
Bayer set to invest €5bn in research for new weedkillers
Pharmaceutical company Bayer is set to invest €5bn (£4. 5 bn) in weedkiller research as if faces mounting litigation against its US arm over its Roundup pesticide which claimants allege causes cancer.
RBC cuts 'fully valued' 3i Infrastructure to 'sector perform'
3i Infrastructure (3IN) deserves its premium rating but is fully valued, Royal Bank of Canada said as it downgraded the investment company to 'sector perform'.
US pre-open: Stocks look set decline as White House blames Iran for tanker attacks
Wall Street futures were pointing to losses ahead of the weekend as investors reacted to economic data out of China and tensions between the US and Iran following an attack on two oil tankers in the Gulf of Oman a day earlier.
London midday: Stocks extend losses on China data, Middle East tensions
London stocks had fallen further into the red by midday on Friday as weak Chinese data and Middle East tensions weighed on sentiment.
Asia report: Markets mixed as investors hold their breath over Gulf tensions
Markets in Asia were in a mixed state as they closed on Friday, as Middle East tensions took a front seat following attacks on two tankers in the Gulf of Oman.
United Utilities COO stepping down to become Cadent Gas CEO
United Utilities said on Friday that Steve Fraser is stepping down as chief operating officer after more than 14 years at the company.
Asiamet upbeat on updated resource estimate at Indonesia's BKM deposit
Asiamet Resources announced an updated 2019 mineral resource estimate (MRE) for the Beruang Kanan Main (BKM) copper deposit in Central Kalimantan, Indonesia on Friday.
Faron Pharmaceuticals reports 'significant' findings from YODA study
Clinical stage biopharmaceutical company Faron Pharmaceuticals announced results from its pharmacokinetic/dynamic ‘YODA’ study examining the administration of concomitant steroids and Traumakine in healthy volunteers on Friday.
Mporium Group raises £1.92m for its restructure through subscription
Event-driven marketing technology company Mporium Group has conditionally raised a total of £1. 923m by way of subscription, mainly from existing investors, for a total of 192,300,000 new shares at an issue price of 1p, it announced on Friday.
GAN celebrates market expansion as New Hampshire legalises online betting
Internet gambling software company GAN signalled a potential expansion of its United States market on Friday, as it “welcomed” the signing and legalisation of internet sports betting in the state of New Hampshire.
InfraStrata seeks EU cash for North Channel gas pipeline reversal project
Natural gas storage development company InfraStrata has submitted an application for a grant from the EU's Connecting Europe Facility (CEF) 2014-2020, it announced on Friday.