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Lamprell says it's exploring funding options, shares tank
Lamprell shares tanked on Friday as it said it was exploring funding options and that it had received a bid approach from major shareholder Blofeld at a "very significant" discount.
UK retail sales drop in May as households cut back on food spending
UK retail sales fell in May as households cut spending on food amid the cost-of-living crisis, according to figures released on Friday by the Office for National Statistics.
Barclays to acquire Kensington Mortgage Company, Ultra Electronics takeover likely to be waved on
London pre-open The FTSE 100 was being called to open 48. 2 points higher ahead of the bell on Friday after the index closed 0. 97% lower on Thursday at 7,020. 45.
London pre-open: Stocks to rise as investors mull retail sales
London stocks were set to rise at the open on Friday following heavy losses in the previous session, as investors digest the latest UK retail sales data.
Friday newspaper round-up: UK chemical plants, home workers, BAE Systems
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.
Essentra to dispose of packaging division
Essential components manufacturer Essentra has chosen to dispose of its ESNT Packaging & Securing Solutions and Essentra Packaging US divisions to Austria's Mayr-Melnhof for a cash consideration of £312. 0m.
Private equity takeover of Ultra Electronics set to be approved
The £2. 6bn takeover of British defence manufacturer Ultra Electronics by a US private equity firm looks set to be waved on by the UK government after the Department for Business said it was minded to accept the deal.
Barclays to acquire UK lender Kensington Mortgage Company
Multinational bank Barclays has agreed to acquire UK specialist mortgage lender Kensington Mortgage Company as part of a deal valued at approximately £2. 3bn.
US close: Stocks rise as market volatility continues
Wall Street stocks closed on positive territory on Thursday, as market participants watched the second day of Federal Reserve chairman Jerome Powell's testimony in Washington.
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