European markets fell away again on Friday, as investors drove down tech stocks on valuation concerns. Anxieties increased as the Nasdaq Composite tumbled 3.1 per cent on Thursday, its worst day since November 2011
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An interim management statement revealed that assets under its management for Jupiter Asset Management (JUP) increased to £32.2bn in the three months to 31 March. The company also saw net mutual fund inflows of £465m for the same period and enjoyed £0.5bn of net inflows in the first quarter.
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Mozambique miner Baobab Resources (BAO) received encouraging results from a second round of metallurgical testwork on ore from the Tenge block of its Tete pig iron project in Mozambique. A final alloy of almost 99 per cent iron was produced from the bench-scale beneficiation, reduction and smelting tests.
Games Workshop Group (GAW) says trading in the four months to 6 April has been broadly in line with management expectations.
Ladieswear retailer Bonmarche (BON) revealed that its annual results should exceed its expectations after it enjoyed soaring sales during the fourth quarter of its financial year. Like-for-like sales jumped 16.3 per cent in the 13 weeks to 29 March, helped by a 72.8 per cent surge in takings over the internet.
Vodafone (VOD) said confirmed that it has taken full ownership of Vodafone India by buying the 11 per cent it did not already own from Piramal Enterprises Limited.
Royal Bank of Scotland (RBS) has struck a deal to buy back the Government's "golden share" allowing it to resume dividend payments in the future. Under the deal RBS will pay an initial £320m followed by £1.18bn before dividend payouts resume.
OTHER COMPANY NEWS:
The Alumasc Group (ALU) revealed that Levolux has secured another multi-million pound external solar shading order at Chiswick Park in West London.
The Co-operative Bank confirmed it made a loss of £1.3bn for 2013. The losses come followed the bank's failed bid to buy 632 branches from Lloyds Bank last year. The deal collapsed after the discovery of a £1.5bn black hole in the Co-op Bank's balance sheet.
Vectura Group (VEC) announced that it will initiate a pivotal study in Europe later this calendar year for FAVOLIR, its investigational product for severe, uncontrolled asthma, as part of a planned strategy for a broad European development programme for FAVOLIR
