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Europe open: Shares gain on US tech results; Anglo rebuffs BHP
European shares opened higher on Friday as strong earnings from tech giants Google and Microsoft overnight boosted sentiment, while Anglo American rebuffed BHP’s mega £31bn offer as “opportunistic”.
Sainsbury's kicks off £200m share buyback programme
Sainsbury’s kicked off its share buyback programme on Friday, having announced it on 7 February, aiming to repurchase up to £200m of shares by the end of the current financial year.
Record reports solid rise in assets under management
Specialist currency and asset manager Record said in a trading update on Friday that in the 2024 financial year, its assets under management equivalent (AUME) jumped 17% to $102. 2bn.
ITM Power inks strategic partnership with Hygen
ITM Power announced a strategic partnership with Hygen on Friday, designating it as the preferred supplier of proton exchange membrane (PEM) electrolysers for hydrogen projects in the UK and across Europe.
Pantheon net asset value expands 0.9pc in March
Pantheon International reported a 0. 9% month-on-month improvement in its unaudited net asset value per share in March on Friday, to 488. 1p, as its total net asset value stood at £2. 3bn.
Darktrace agrees to be bought by Thomas Bravo in $5bn deal
Darktrace announced on Friday that the newly-formed Thomas Bravo entity, Luke Bidco, had agreed to acquire it in an all-cash deal.
Gym Group enlists Savills to help with site selection
Low-cost gym operator the Gym Group announced on Friday that it has enlisted the expertise of Savills to assist in its site selection process, as it embarked on a strategic expansion plan.
Carnival concludes private offering, reprices senior notes
Carnival announced on Friday that it has concluded its private offering of €500m in 5. 75% senior unsecured notes, due 2030.
GCP Infra offloads Blackcraig Wind Farm assets for £31m
GCP Infrastructure Investments announced the successful disposed of its interest in loan notes secured against the Blackcraig Wind Farm in Dumfries and Galloway, Scotland on Friday.
Redde Northgate to change name to Zigup
Redde Northgate is seeking approval to change its name to Zigup, the mobility specialist confirmed on Friday.
Senior sales rise as aerospace strength offsets Flexonics weakness
Aerospace and defence components manufacturer Senior said on Friday that trading over the first quarter has been in line with expectations with strong growth in commercial aerospace, as it held on to guidance for the full year.
Pearson reports in-line Q1, reiterates full-year guidance
Pearson reported an in-line performance for the first quarter and reiterated its full-year guidance.
Quarterly profits slide at NatWest Group
First-quarter profits fell at NatWest Group, the banking group confirmed on Friday, although the decline was less than expected.
Anglo American rejects £31bn BHP offer
Anglo American on Friday rejected an "opportunistic" £31bn bid from rival miner BHP, saying it significantly undervalued the company.
London pre-open: FTSE 100 to top 8,100 early on
UK stocks are expected hit more record highs on Friday as investors continued to digest another round of corporate earnings ahead of some crucial economic data from the US later on.
Friday newspaper round-up: Microsoft, mortgage rates, Boeing, Alphabet, Trump
Microsoft beat Wall Street estimates for its third-quarter revenue last night, driven by gains from artificial intelligence adoption across its cloud services and business software products. The company said its revenues had risen to $61. 9 billion, up by 17 per cent and exceeding the $60. 8 billion, or 15 per cent rise, that had been forecast. Its net income was $21. 9 billion, up by 20% from the year before. - The Times.
Anglo American rejects BHP's bid, GCP Infra offloads wind farm notes
London open The FTSE 100 is expected to open 60 points higher on Friday, having closed up 0. 48% on Thursday at 8,078. 86.