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London midday: Stocks maintain losses amid trade war fears; Smiths tumbles on results
London stocks were still in the red by midday as financial markets were hit by fresh worries about a trade war after China promised immediate retaliation against the import tariffs levied by US President Donald Trump.
Kellan Group's shares jump almost 7% as company swings to 2017 profit
Recruitment company Kellan Group announced on Friday that it swung to a profit for 2017 despite revenue remaining broadly unchanged since the previous year.
Cenkos posts jump in profit but cautious on outlook
Stockbroker Cenkos Securities posted a surge in full-year profit on Friday but sounded a cautious note on its outlook.
Trans-Siberian warns on profits after 'operational challenges'
Despite seeing total gold production for the year exceed its guidance, AIM-quoted miner Trans-Siberian Gold warned investors on Friday that profits would fall as a result of "operational challenges" experienced throughout the period.
China supports stocks, but US tariffs 'not as bad as thought'
The threat of a trade war between the world's two biggest economies did not have as big an effect on Chinese stocks after Beijing intervened to support its stock market on Friday, while economists said US tariffs were not as big as had been feared.
Nighthawk Energy shares hit as workovers continue to hamper production
Nighthawk Energy shares dropped by over 5% on Friday after the company confirmed that it saw a 27% year-on-year fall in January output as maintenance work on wells interfered with schedules.
China could hit back at the US with $3bn tariffs
China has announced $3bn tariffs as a response to the US’ new levies on steel and aluminium imports that were implemented on Friday. China listed 128 US products that could be subject to tariffs if there are no new negotiations on trade.
Fevertree founder Charles Rolls sells twice as many shares as expected
Posh mixers maker Fevertree Drinks slumped on Friday as co-founder and deputy chairman Charles Rolls sold 3m shares in the company, or a 2. 6% stake.
UK Oil & Gas receives final decision from Surrey Council
Horse Hill Developments, the operator of its PEDL137 and PEDL246 licences, has received final decision notices to allow test-drilling at the Surrey site to begin, boosting shares in UK Oil & Gas and other investors.
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 product after a US court found a rival generic challenger of the drug did not infringe on its patents.
Gaming Realms swings to profit as company sheds affiliates
Mobile gaming publisher and developer Gaming Realms reported it had swung to a positive underlying profit for 2017, despite revenues falling compared to the previous year.
Big Yellow buys new site in Hove
Self-storage company Big Yellow has acquired a site in Hove, west of Brighton, for a new 56,000 square feet store.
Trading Emissions sets sale date for last Italian solar asset
Having announced the sale of its remaining solar operating subsidiary back in February, Isle of Man-based group Trading Emissions has set a date for the sale of its remaining Italian solar operating subsidiary, Solar Energy Italia 1.
Smiths Group profit drops, says FX headwinds to persist
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.
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.
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.
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.
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.