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Amerisur Resources continues work at Putumayo asset following recent flooding
South America-focussed oil and gas producer Amerisur Resources warned that while work at its Putumayo basin project had continued despite recent flooding, the adverse weather conditions had necessitated the installation of further drainage and civil works to nearby roads.
Oaktree guns for Ranger Direct Leasing Fund board in open letter
Oaktree Capital Management, a 19% shareholder of Ranger Direct Lending Fund, released another open letter to Ranger shareholders on Friday, saying the board’s latest response to its open letter on 6 June raised “a number of troubling questions”, which it urged the board to answer without delay.
Trump snubs May and launches furious rant at trade allies ahead of G7
Tensions between US President Donald Trump and other leaders of the G7 heightened on Friday ahead of the Canadian summit as French President Emmanuel Macron urged the other six leaders to stand up to American "hegemony".
Deutsche Bank chairman suggests merger with Commerzbank - report
Deutsche Bank chairman Paul Achleitner has reportedly spoken to shareholders this week about a potential merger with Commerzbank.
IWG still in talks with Starwood and TDR, offer deadline extended
Office space provider IWG is still in talks with private equity groups Starwood Capital and TDR Capital and has extended the deadline for them to make an offer or walk away.
US pre-open: Stocks seen lower as investors grow nervous ahead of G7
US futures pointed to a downbeat open on Wall Street on Friday as investors grew nervous ahead of the G7 summit in Canada, which looked set to be an acrimonious two days of talks.
London midday: Stocks maintain losses amid G7 jitters
London stocks were still firmly in the red by midday on Friday as investors adopted a risk-off strategy ahead of what could be a heated G7 summit in Canada.
Concurrent Tech launches new VME board products
Processor board developer Concurrent Technologies on Friday launched two new VME boards for long life-cycle applications.
Glencore faces new Congo legal challenge
Congolese-American businessman and convicted fraudster Charles Brown has resurrected a lawsuit against mining giant Glencore, claiming he was owed $1bn in compensation for a 19% stake he previously held in Mutanda Mining, the world's biggest cobalt miner.
Versarien agrees deal for graphene inks, launches new product range
Shares in materials engineer Versarien jumped on Friday after a wide-ranging agreement was made over graphene-based inks and a new 'Graphinks' product range was launched.
Papua Mining confirms 'large gold targets' at Marengo project
AIM-quoted exploration company Papua Mining has confirmed several large gold targets at its Marengo gold and copper project in Australia after a recently completed dipole geophysics survey at the site.
Berenberg upgrades Auto Trader as risks better understood
Risks appear better understood and expectations for Auto Trader are more reasonable, Berenberg said on Friday as it upped the stock to ‘hold’ from ‘sell’ and lifted the price target to 365p from 350p.
Morgan Stanley upgrades Pets at Home, Berenberg downgrades
Morgan Stanley upgraded Pets at Home to ‘equal-weight’ from ‘underweight’ on Friday following significant recent share price underperformance, but Berenberg cut the stock to 'buy' from 'hold' .
Emerging market correction 'has further to go'
The US is at the centre of erupting drama across emerging markets this week, with Brazil's and Mexico's stock markets and currencies crashing, India unexpectedly hiking interest rates and Turkey tightening policy for the third time in less than two months.
Synthomer included in EU styrene monomer purchasing probe
Specialist chemicals maker Synthomer said it had been included in a European Commission anti-trust probe into practices relating to the purchase of styrene monomer in the European Economic Area.
BT boss Patterson axed after shareholder pressure
BT Group chief executive Gavin Patterson will step down later this year after the telecoms giant's board wielded the axe after pressure from major shareholders.
China trade data surprises, Japan's less so
China's trade performance was resilient in May with imports surging more than export growth to surprisingly reduce the monthly surplus, while Japan's first quarter economic output was confirmed.
Capita gains on RBC upgrade to 'outperform'
Capita was on the front foot on Friday as RBC Capital Markets upped the stock to ‘outperform’ from ‘sector perform’ and lifted the price target on the outsourcer to 200p from 185p.
Paddy Power Betfair agrees sports betting deals with US racetracks
Bookmaker Paddy Power Betfair's US wing has reached long-term agreements to provide retail and online sports betting to New Jersey's Meadowlands Racetrack and Tioga Downs in New York pending legislative and regulatory authorization.
Games Workshop ends year on a high, declares dividend
Games Workshop updated the market on the end of its trading year on Friday, reporting that its sales and profit growth, as discussed in its update on 4 May, had continued to the end of the financial year.