It’s set to be a quiet run into the holiday weekend with limited newsflow in circulation this morning. However, the airport-centric retailer WH Smith is seeing some buying support in early trade following yesterday’s bruising shake down. That came in the wake of a reported accounting error which is set to have a material impact on profits for the year to 31st August. In early trade, the WHI Smith share price was trading around 3% higher.
The Asian focused bank popped higher at the open on Friday, helped along by news that the US government had dismissed claims that the company had circumvented sanctions. This story has been in play for some years and could have dragged the bank into an FBI investigation. The Standard Chartered share price was up more than 3% shortly after the open.
Down to the small cap end of the market and Revolution Beauty concluded a funding round this morning, with an eye catching result. The equity base was expanded by more 150% and new capital was raised at a 15% discount, with the significant capital injection being accompanied by news that the founders will return to the business. Funds will be used to reduce debt, provide working capital, pay fees and provide a basis for the business to return to growth. The Revolution Beauty share price was more than 10% higher by 8.30am.
Most read news on Investegate this morning
Update on production at Triton FPSO - - Serica Energy (SQZ)
Warehouse REIT PLC - No Increase Statement - - Tritax Big Box Reit (BBOX)
Preliminary Unaudited Results - - Revolution Beauty Group (REVB)
