Market Report
Unite Group exchanges contracts on £80m Leeds development
Developer and manager of student accommodation, Unite Group, has exchanged contracts to acquire a development site in Leeds on a subject to planning basis, it announced on Friday.
London open: Stocks nudge up ahead of industrial production, manufacturing data
London stocks nudged a touch higher in early trade on Friday as investors eyed the release of key manufacturing and industrial production data and the continuation of Brexit talks.
Ultra Electronics expects DoJ decision on Sparton deal in March 2018
Ultra Electronics said on Friday that a decision from the US Department of Justice about its proposed acquisition of NYSE-listed Sparton is now expected at the end of March 2018.
Galliford Try hails 'increased certainty' in social housing partnerships
Galliford Try's council partnerships arm has benefited from "increased certainty" following recent government announcements and has a record order book, while housebuilding sales rates and the construction order book have remained unchanged since the year end.
Ferguson to sell Nordics building materials business to Lone Star
Plumbing and heating products distributor Ferguson - formerly known as Wolseley - has agreed to sell its Nordics building materials distribution business, Stark Group, to an affiliate of private equity firm Lone Star Funds for €1. 03bn on a debt-free and cash-free basis.
London pre-open: Stocks to edge up ahead of manufacturing, industrial production data
London stocks were set to edge higher at the open on Friday, recovering from losses in the previous session as investors eyed the release of key manufacturing and industrial production data and the continuation of Brexit talks.
Friday newspaper round-up: Brexit, Equifax, National Grid, Saudi Aramco
British and European business leaders are to demand an urgent breakthrough on Brexit from Theresa May in order to salvage a transition deal from the stalled negotiations in Brussels. The CBI and counterparts from France, Germany and Italy will meet the prime minister at Downing Street on Monday to warn that taking much longer to negotiate a transition agreement could render it useless because companies will soon be forced to assume the worst about the terms of Britain’s departure from the EU.
US close: Markets in the red as Senate Republicans reveal their tax plans
US markets finished lower on Thursday as investors dealt with more earnings news and details on the Senate’s tax bill.