The newspaper and magazine distributor's stock rose 4.5% after it announced new agreements with Frontline and Seymour Distribution, projected to generate £105 million in annual revenue starting in 2030.
Japanese stocks experienced a sharp sell-off on Friday, with the benchmark Nikkei 225 index falling 3.96% to its lowest point in a month amid widespread declines led by the paper, transport, and communication sectors.
Asian stock benchmarks tumbled, with Japan's Nikkei 225 falling over 10% from its recent peak, as a global rout in technology shares triggered widespread profit-taking and raised valuation concerns among investors.
London's FTSE 100 index fluctuated in early trading as a sixth night of U.S. military strikes against Iran triggered a sharp sell-off in Asian markets and pushed investors toward safe-haven assets.
European markets opened lower on Friday, pressured by a global downturn in technology stocks and escalating geopolitical risks in the Middle East. The STOXX 600 is on track for a weekly loss as investors rotate out of high-valuation sectors.
European shares fell on Friday as escalating military tensions in the Middle East drove up oil prices, but a robust corporate earnings season helped cushion the decline and keep major indexes on track for a weekly advance.
Burberry stock declined after the luxury brand reported that a conflict-linked drop in tourist spending in Europe offset first-quarter sales growth that met expectations.
Macquarie identified its top four picks in South Korea's power equipment sector, highlighting Hyosung Heavy due to accelerating demand from data centers and for high-voltage transformers.
The global lock manufacturer's stock surged after reporting second-quarter profit and revenue that surpassed analyst expectations, driven by accelerating organic growth and improved profitability.
