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Smiths Group profit drops but 2018 guidance reaffirmed

Smiths Group tumbled on Friday after it posted a 12% drop in interim profit as revenue fell and while the engineering company did reiterate its guidance for the year, it also warned that forex headwinds would persist.

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Joe Hudson to take up Ibstock reins on 4 April

Ibstock updated the market on its CEO succession plan on Friday, confirming that Joe Hudson would be appointed as chief executive with effect from 4 April, on completion of the handover period with retiring CEO Wayne Sheppard.

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John Laing Infrastructure Fund boasts year of solid progress

John Laing Infrastructure Fund issued its results for the year ended 31 December on Friday, declaring a dividend of 3. 57p per share for the last six months of the year, up 2. 5%.

Aviva scraps plans to cancel preference shares

Aviva has decided not to cancel £450m worth of preference shares following "strong feedback and criticism" from a large number of investors.

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London open: Stocks drop amid trade war worries; Next bucks trend after results

London stocks fell in early trade on Friday following heavy losses in the US and Asia as financial markets were hit by fresh worries about a trade war after China promised immediate retaliation to the hefty import tariffs levied by US President Donald Trump.

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Next profits fall and expected to fall again

Profits fell at Next for the third year in a row in 2017 and are expected to fall again in 2018 as falling store sales and good online growth largely cancel each other out and the clothing retailer looks to "attack costs" and "defend sales and profitability".

GSK gets approval for Shingrix in Europe and Japan

GlaxoSmithKline announced on Friday that the European Commission has approved Shingrix for the prevention of shingles (herpes zoster) and post-herpetic neuralgia (PHN) in adults aged 50 years or older.

GlaxoSmithKline confirms it's no longer interested in Pfizer

GlaxoSmithKline confirmed on Friday that it has withdrawn from the process relating to Pfizer's Consumer Healthcare business.

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Indivior warns of potential sales collapse after US court ruling

Indivior warned of a potential "rapid and material loss" of sales from its main revenue-generating drug after a US court found a rival generic version of the drug did not infringe on its patents.

London pre-open: Stocks to tumble as US and China exchange trade salvos

London stocks are expected to open lower on Friday in line with global markets as a trade war breaks out between the world’s two biggest economies, with China promising retaliation to the opening salvo from the US.

Friday newspaper round-up: China, Brexit, Unilever, Glencore, Facebook

China has retaliated against Donald Trump’s decision to impose tariffs on steel and aluminium by signalling that it will hit US goods such as pork, apples and steel pipe with higher duties. As Asian stock markets plunged at the prospect of a trade war between the world’s two biggest economies, China’s commerce ministry urged Washington to negotiate a settlement as soon as possible but set no deadline. - Guardian.

22 Mar
US close: Markets decline amid Fed developments, trade war fears

US stocks finished lower on Thursday, as investors continued to mull over the latest policy announcement from the Federal Reserve overnight, and amid worries about a trade war leading to what one analyst referred to as "a veritable bloodbath" on Wall Street.

22 Mar
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Market buzz: May BoE hike 'not set in stone', FTSE 100 enters correction

1700:Close Global trade concerns sent stocks lower as traders debated the implications of the Bank of England's latest communications and that of its US central bank's counterpart overnight, with a global trade war brewing.

22 Mar
Europe close: Stocks take heavy hit from trade frictions

Stocks on the Continent got dinged on Thursday, weighed down by a slate of weaker-than-expected economic data ahead of the expected announcement of US trade tariffs against China later in the day.

22 Mar
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Broker tips: Just Eat, Marshalls, Prudential

Goldman Sachs kept its 'buy' rating on Just Eat as it continued to include it in its Conviction List, saying the company's decision to invest in own its own delivery service "is the correct one".

22 Mar
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Sector movers: Miners, software pace losses

Miners and oil equipment stocks gave back their gains from the previous session amid concerns ahead of the expected announcement by the US of tariffs on $50bn-worth of Chinese goods.

22 Mar
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London close: FTSE flops to sub-7,000 finish for first time in 15 months

London stocks fell their lowest close since late 2016 as the pound held its gains after the Bank of England left the door open for a May rate rise, while miners and retailers leading the falls.

22 Mar
Trump's lead lawyer in Russia investigation quits

President Donald Trump’s lead lawyer for the investigation into alleged Russian election interference has resigned from the legal team according to media reports on Thursday.

22 Mar
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Catalonia is set to vote-in a new president on Thursday

Catalan president, Roger Torrent has called for a vote in the regional assembly on Thursday afternoon on whether to nominate Jordi Turull as their candidate to Catalonia's presidency, despite the imminent risk that he might be sentenced to jail on charges of secession.