RM2 trimmed costs to reduce losses in the first half of its trading year despite a contraction in revenues but said it would be difficult to break even in the coming year.
JPMorgan Cazenove upgraded Whitbread to 'overweight' from 'neutral' on Friday and lifted the price target to 5,500p from 4,470p.
Investec updated the market on its core business performance for the first half of its financial year ahead of its close period on Friday, reporting that the company had continued to see macro challenges in its key operating geographies.
Investec announced the demerger and listing of Investec Asset Management on Friday, following a strategic review process carried out by its board and executive directors.
ViiV Healthcare - the HIV specialist majority-owned by GlaxoSmithKline, alongside minority shareholders Pfizer and Shionogi - announced the submission of a marketing authorisation application to the European Medicines Agency on Friday, for a single-tablet, two-drug regimen of dolutegravir and lamivudine for the treatment of the HIV-1 infection.
SSE and npower parent innogy have appointed Dr Martin Read CBE as chairman-designate for the new independent British energy supply and services company they have agreed to form, the announced on Friday, subject to final regulatory approval.
London stocks rose in early trade on Friday, taking their cue from a positive session on Wall Street as investors eyed comments from Bank of England governor Mark Carney.
Sirius Minerals said on Friday that it has secured a new $250m funding deal that should give it sufficient funding to the second quarter of 2019.
Bank of Georgia Group announced on Friday that its banking subsidiary JSC Bank of Georgia has been awarded a ‘Consumer Digital Bank of Distinction Award’ from Global Finance in Central and Eastern Europe, for the second consecutive year.
AstraZeneca and its global biologics research and development arm MedImmune announced on Friday that the US Food and Drug Administration (FDA) has approved Lumoxiti (moxetumomab pasudotox-tdfk) for the treatment of adult patients with relapsed or refractory hairy cell leukaemia.
Close Brothers has announced the sale of its retail point of sale finance business, Close Brothers Retail Finance, to Swedish payment solutions group Klarna for an undisclosed sum.
London stocks were set to open higher on Friday, taking their cue from a positive session on Wall Street as investors eye a speech by Bank of England governor Mark Carney.
Close Brothers selling retail finance division, Wetherspoon posts profits slightly ahead of forecasts
London open The FTSE 100 is expected to open 27 points higher on Friday, having closed down 0. 43% at 7,281. 57 on Thursday.
The Royal Bank of Scotland chief executive has been accused of withholding information from MPs investigating the bank’s mistreatment of small businesses. In a frosty exchange with Nicky Morgan, the Treasury committee chair, Ross McEwan rejected the suggestion that he had misled MPs at an evidence session into heavily criticised practices at the lender’s Global Restructuring Group. – Guardian.
Trading on Wall Street finished on a positive note on Thursday, with shares of Apple well into the green the way as investors welcomed the latest developments between the US and China on the trade front.