Headline News
UK retail sales nudge higher in September - CBI
Retail sales edged higher in September, an industry survey showed on Friday, boosted by strong online demand.
API offloads majority of portfolio to GoldenTree in £351m deal
Abrdn Property Income Trust is to sell the vast majority of its portfolio to Travelodge's US owner GoldenTree Asset Management, it was confirmed on Friday.
Eurozone economic sentiment weakens in September
Confidence eased across the eurozone in September, an official survey released on Friday showed, as the bloc’s economic recovery struggled to take hold.
Haleon ups stake in China joint venture to 88%
Haleon said on Friday that it has agreed to buy an additional 33% interest in Tianjin TSKF Pharmaceutical - its joint venture in China - from its partners Tianjin Pharmaceutical Group (TPG) and Tianjin Pharmaceutical Da Ren Tang Group Corporation (DRTG) for RMB4,465m (circa£0. 5bn).
Chinese equities rally as Beijing moves to bolster economy
Chinese equities rallied on Friday following a series of moves by Beijing intended to bolster the country’s ailing economy, including a further cut to a key interest rate.
Mutares hits back after short-seller attack
German private equity firm Mutares responded on Friday to allegations made by short-seller Gotham City Research, insisting that discrepancies in its cash balances were down to a transcription error.
Intel rejects approach from Arm Holdings - report
Intel has rebuffed an approach from Arm Holdings about buying the US chipmaker’s product division, it was reported on Friday.
Moncler surges on LVMH deal
Moncler surged on Friday after LVMH bought a 10% stake in Double R, the investment vehicle controlled by the holding company owned by Moncler chief executive and chairman Remo Ruffini.
International PPL partially sells FHSP investment
International Public Partnerships announced the partial disposal of its investment in the Family Housing Support Project (FHSP) on Friday, generating £30m.