A Cheshire chemicals factory is to start capturing carbon dioxide on an industrial scale from energy generation in what is described as the UK’s first major use of the emissions-reduction technology. Tata Chemicals Europe (TCE) hopes to capture 40,000 tonnes of the greenhouse gas per year, reducing its annual emissions by 10% and providing it with a supply of high-purity carbon dioxide that could be used in products ranging from glass and washing detergents to pharmaceuticals and food.
The coming week's spotlight will be on the geopolitical with G7 leaders set to meet on 25-26 June and with NATO leaders preparing to do the same on 28-30 June.
Cyclicals including Industrial Transportation and Life Insurance names paced gains at the end of a positive week for the FTSE 350.
European shares jumped on Friday with investors hunting for bargains, although Italian oilfield services outfit Saipem crashed after warning that it needed to raise cash urgently.
Carnival's cash from operations moved back into the black over the second quarter, as sales grew by almost half sequentially and the cruiseline operator recorded its best booking volumes since the start of the pandemic.
London stocks finished well above the waterline on Friday, having taken cue from positive US and Asian sessions earlier, as investors digested the latest retail sales and consumer confidence data.
The FTSE 100 ended the week 192. 56 points higher, closing at 7,208. 81 on Friday.
Consumer confidence in the US was a tad weaker than expected in June, but inflation expectations also fell back over the course of the month, the results of a closely-followed survey revealed.
Energean found itself on both sides of the ledger on Friday, after it disclosed transactions linked to both its chief executive officer and its chair.
New home sales rose by much more than expected last month, but the strength was focused in only some parts of the country and prices fell back.
Another one of Bank of America's contrarian equity strategy indicators moved into 'buy' territory over the past week, the investment bank's analysts said.
US stocks rose in early trade on Friday as traders scaled back rate hike expectations and stepped in to pick up a few bargains at the end of the week.
Britain’s ruling Conservative Party suffered a pair of humiliating by-election defeats on Friday, ramping up the pressure on Prime Minister Boris Johnson, whose authority was already under question after a series of high-profile scandals.
The FTSE 250 was up 1. 46% at 18,966. 11 at 1430 BST.
Zendesk said on Friday that it has agreed to be bought by an investor group led by private equity firms Permira and Hellman & Friedman in a $10. 2bn all-cash deal, sending shares in the San Francisco-based software maker surging.
London’s FTSE 100 was up 1. 6% in afternoon trade on Friday at 7,132. 80, as investors mulled the latest retail sales data and a consumer confidence survey from GfK.
Opioid addiction treatment maker Indivior has settled a patent infringement case with generic drug maker Dr. Reddy’s Laboratories.
Wall Street futures were in the green ahead of the bell on Friday, putting major indices on track for a winning week.
Infrastructure and private equity manager Foresight Group announced on Friday that Foresight Sustainable Forestry Company (FSF) has successfully completed its placing and offer for subscription.
Biotherapeutics developer 4D Pharma requested an immediate suspension of trading in its shares on Friday.
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