Market Report
Tower Resources looking at financing options for Thali drilling
Africa-focussed oil and gas company Tower Resources updated the market on the financing of its Cameroon operation, and announced its intention to raise gross proceeds of around £0. 15m through a subscription of approximately 15 million new ordinary shares at a price of 1p each on Friday.
Gulf Keystone annual production target intact
Gulf Keystone Petroleum left its annual production target intact as the oil and gas producer said daily activity would be towards the bottom of guidance.
KEFI Minerals making progress at Hawiah after two-year stand-down
Ethiopia and Saudi Arabia-focussed gold exploration and development company KEFI Minerals updated the market on the exploration underway at its Hawiah Exploration Licence in Saudi Arabia on Friday.
Caspian Sunrise clears 'final major hurdle' in MJF licence upgrade
Caspian Sunrise updated the market on its flagship BNG asset on Friday, confirming that the signed protocol from the Kazakhstan Ministry of Energy has been received.
S4 Capital to buy Australian customer experience company BizTech
Martin Sorrell's S4 Capital said on Friday that its global content arm, MediaMonks, has agreed to buy Australian marketing transformation and customer experience company BizTech for an undisclosed sum.
Andalas enters services agreement for work at Betun-Selo
Andalas Energy and Power has entered into an operating services and option agreement in respect of the producing Betun-Selo KSO in Sumatra, Indonesia, it announced on Friday.
Trump approves, then cancels, military strike on Iran
US President Donald Trump approved military strikes on Iran overnight, the New York Times reported on Friday morning, before backpedalling from going through with them, following a reported attack on an American spy drone.
Trainline targets £1.7bn valuation in London IPO
UK transport booking app Trainline priced its shares at the top end of its targeted range at 350 pence per share on Friday, in a move that leaves the company sporting a £1. 68bn valuation in its London stock market debut.
London open: Stocks nudge higher amid escalating Middle East tensions
London stocks nudged tentatively higher in early trade on Friday following a solid performance on Wall Street, with the mood tempered somewhat by escalating tensions between the US and Iran.
Meggitt wins multi-million dollar cooling system contract
Meggitt was on Friday awarded a multi-million dollar contract by General Dynamics Land Systems (GDLS), with the defence and aerospace engineering business set to develop advanced cooling systems for next generation ground combat platforms.
Europe open: Stocks see slightly higher start, but analysts cautious
Stock indices across the Continent have gotten off to a subdued start with traders wary of pushing their luck going into the weekend and next week's G-20 leaders' summit in Osaka, Japan.
Nanoco plunges after US customer fails to extend contract
Nanoco's shares lost more than two-thirds of their value after the nano-materials manufacturer said its large US customer had declined to extend an important contract.
Augean sees full-year profits ahead of expectations
Augean raised its full-year profit forecasts on the back of "stronger" trading over the second quarter.
Meggitt wins GLDS cooling system contract, Sports Direct to vote against Goals Soccer board
London open The FTSE 100 is expected to open 16 points lower on Friday, having closed up 0. 28% at 7,424. 44 on Thursday.
London pre-open: Stocks seen lower despite records highs in the US
London stocks were set to drop at the open on Friday despite US equity markets rising to record highs the day before on hopes that the Federal Reserve will cut rates soon.
Halma buys Australia's Ampac to expand in fire detection
Halma has agreed to buy Ampac Group, an Australian maker of fire detection systems, for A$135m (£74m) in cash.
Friday newspaper round-up: Monsoon Accessorize, Woodford, Slack, Facebook currency
Monsoon Accessorize is asking landlords to reduce rents on more than half its 258 leased stores in return for a £10m share of profits and an £18m interest-free loan to keep the company afloat. The multi-millionaire owner, Peter Simon, has also promised to halve the £5m rent on the fashion business’s London head office, which he owns, to help reduce costs. – Guardian.
US close: Markets finish higher as Gulf tensions tighten further
Stocks finished the same colour as they started on Thursday - in the green - as crude oil futures leapt higher as tensions in the Persian Gulf worsened sharply.