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London open: Stocks drop as nerves set in ahead of G7 summit
London stocks fell in early trade on Friday as investors adopted a risk-off strategy ahead of what could be a heated G7 summit in Canada.
Takeda secures $7.5bn bank loans to help fund Shire deal
Japan's Takeda Pharmaceutical has secured the largest ever syndicated bank loan in Asia to help pay for the cash portion of its $46bn acquisition of FTSE 100-listed Shire.
Non Ferrous China to invest $70m in Kaz Minerals' Koksay project
Kaz Minerals said on Friday that Non Ferrous China has agreed to invest $70m into its Koksay project, giving it a 19. 4% stake.
Shazam boss joins Merlin Entertainment
Legoland and Alton Towers operator Merlin Entertainment has appointed Andrew Fisher, current chairman and former CEO of Apple's Shazam music business, as a director.
London pre-open: Stocks to drop on weak Asian cues; G7 summit eyed
London stocks were set to drop at the open on Friday, taking their cue from weakness in Asia as investors digested the latest data out of China and eyed the G7 summit in Quebec.
Friday newspaper round-up: CBI, G7, Pfizer, TSB, Thames Water
Britain’s leading employers’ organisation, the Confederation of British Industry, has warned the UK economy will shift down a gear this year and risks remaining in the slow lane because of Brexit. Cutting its growth forecasts for the year, owing to heavy snowfall in the opening months of 2018 and lingering fears over Brexit, the CBI said it expected the growth rate for the British economy to slow to 1. 4%, from 1. 8% last year. – Guardian.
Lloyds sells Standard Life Aberdeen stake for £344m
Lloyds Bank on Friday said it had sold its remaining 3. 3% in Standard Life Aberdeen (SLA) for £344m.
US close: Markets mixed as tech stocks tumble
Wall Street finished mixed on Thursday as the Dow rose, while the Nasdaq Composite ended its four-day streak with technology declines sending the index lower.