– Frank Field urges Mike Ashley to take on House of Fraser pension scheme
British American Tobacco (BATS), Imperial Brands (IMB) – Controversial proposals to relax laws on e-cigarettes have been warmly welcomed by leading tobacco companies. Parliament’s Science and Technology Committee published its finding into vaping on Friday with its chair saying e-cigarettes “could be a key weapon in the NHS’s stop smoking arsenal”. Users should be allowed to vape in public places such as offices and public transport, MPs recommended.
Global Ports Holding (GPH) shrugs off Turkish volatility as weak lira bolsters profits
Interserve (IRV) wins £105m construction contract for Durham University
City scribblers rounded up on B&Q owner Kingfisher (KGF) to drag its shares down to a five-year low. Analysts at HSBC, RBC and UBS all trimmed their price targets for the DIY giant as it struggles to turn around its ailing French businesses.
Kaz Minerals (KAZ) slumped a further 81.7p to 478.5p, a fresh one-year low, after Credit Suisse blasted its decision to snap up a $900m mine in the far east of Russia. In a downgrade to “neutral”, it warned that the company’s outlook had been “turned on its head” by the acquisition.
AIREA (AIEA) jumped 5.5p to 60p after its performance improved following the closure of its carpets business.
