Labour’s policies including a pledge to nationalise the bulk of Britain’s broadband network threaten to “crack the foundations of our economy”, according to the head of the Confederation of British Industry. Dame Carloyn Fairburn said the plan to nationalise BT had left industries wondering if they would be the next to be targeted. Asked by Sky if Jeremy Corbyn was a “friend to business” she said that the CBI “really understand the questions that Labour are asking.
Wall Street closed at fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.
European stocks were mixed at lunchtime on Friday, reversing early gains as another spate of optimism for an initial US-China trade deal was muddied by corporate news.
Stocks in London reversed their lunchtime losses to finish in the green on Friday, after a top White House official told reporters that a US-China trade deal was "near", assuaging some investors' concerns of a potential 'false dawn' in negotiations.
Fifteen countries including Australia, the US, India and New Zealand have asked for trade compensation from the UK and the EU over the economic hit caused by Brexit.
Thor Mining has been advised by EnviroCopper of the start of field pumping tests at the Kapunda copper project in South Australia, it announced on Friday.
London's FTSE 100 was down 0. 21% at 7,277. 72 in afternoon trade on Friday, with Hiscox leading the index lower.
Gas heating, electrical and building services provider Bilby announced the completion of its fundraise on Friday, confirming that it conditionally raised an aggregate sum of about £2m by way of a placing and a subscription of 18,181,818 new ordinary shares at a price of 11p each.
Stocks on Wall Street stormed to fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.
Independent video games developer Sumo Group said on Friday that Tencent Holdings, through a direct wholly-owned subsidiary, alongside Perwyn Bidco UK, have notified ot that they have entered into an agreement for the acquisition by Tencent from Perwyn of 15 million shares in Sumo.
Carpetright announced on Friday that both its board, and that of Meditor Holdings (MHL), have agreed the terms of a recommended cash offer to be made by MHL to acquire the entire issued and to-be-issued share capital of Carpetright not already owned by Meditor Fund.
Pure Gold Mining reported the completion and advancement of a number of “key milestones” on its 100%-owned Madsen Red Lake Mine project in its third quarter update on Friday.
Whitbread: Barclays upgrades to overweight with a target price of 4,900p.
London's FTSE 250 was up by 0. 33% at 20,299. 19 in afternoon trade on Friday, with FirstGroup leading the index higher.
Most markets in Asia finished the last trading session of the week on a positive note on Friday, as investors did their best to digest the latest development in the never-ending saga that is the US-China trade war.
Clinical artificial intelligence (AI) technology company Sensyne Health revealed the names of its partners for the launch and sale of its digital health software products in the United States on Friday.
Haynes Publishing Group is embarking upon a formal sale process to sell the entire issued share capital of the company, including all subsidiary companies, it announced on Friday.
Energy storage technology company RedT Energy updated the market on the proposed merger with Avalon Battery Corporation on Friday.
Kier Group said it was trading in line with its expectations in an update on Friday, reporting that since 30 June, it had been awarded around £1bn of new contracts and been appointed to a number of frameworks, including the £30bn ‘Construction Works and Associated Services’ framework for the Crown Commercial Service.
Stocks in London were trading lower at the end of the week, reversing early gains, even after a top White House official told reporters that a US-China trade deal was "near", assuaging some investors' concerns of a potential 'false dawn' in negotiations.