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UK Monthly Services Output Down 0.2% in April

Britain's services output fell 0.2% month over month in April, following a 0.3% gain in March, according to data from the Office for National Statistics published Friday.On a yearly basis, the index rose 1.7%, against the 1.5% increase earlier.

British Monthly Construction Output Up 0.1% in April

Construction output in the UK inched up 0.1% month over month in April, following a 1.5% increase in March, the Office for National Statistics said Friday.On a yearly basis, construction output was 1% lower, compared with the 0.3% decrease earlier and the market forecast of a 1.7% decline.

Equities45d ago

TGS to Provide Monitoring System for Scatec's South African Solar Project

TGS (TGS.OL) received an order for its PowerView Plant Scada system for renewable energy company Scatec's (SCATC.OL) solar power project in South Africa.The system will provide real-time monitoring and performance management for the Grootfontein facility, according to a Friday release from the energy sector data and intelligence provider.

$SCATC.OL$TGS.OL

J&T Express Says Affiliate Under Investigation by China's State Post Bureau

J&T Global Express (HKG:1519) said a consolidated affiliated entity received an investigation notice from China's State Post Bureau related to work and production safety, according to a Friday Hong Kong bourse filing.The company said it does not expect the investigation to have a material impact on its business operations or financial position.J&T Express said it is conducting an internal review and is fully cooperating with the regulator in accordance with applicable laws and regulations.

HKG:1519

Hang SengShanghai Composite^SZSE

Market Chatter: China's Dreame Technology Explores Hong Kong Listing

Chinese robot appliance maker Dreame Technology is considering a Hong Kong listing that could raise several hundred million dollars, Bloomberg reported Friday, citing people familiar with the matter.The firm has hired advisers for the potential listing, though deliberations are ongoing and details may change, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Guotai International Gets Shenzhen Bourse's Nod for Exchangeable Bonds

Jiangsu Guotai International Group (SHE:002091) received approval from the Shenzhen Stock Exchange to issue exchangeable corporate bonds of up to 1.30 billion yuan, according to a Shenzhen bourse filing on Thursday.The Chinese electrolyte supplier will use its shares in Jiangsu Ruitai New Energy Materials (SHE:301238) as the underlying securities for the issuance.

SHE:002091SHE:301238

Hitachi Energy India to Invest INR20 Billion in Gujarat Transformer Plant; Shares Up 3%

Hitachi Energy India (NSE:POWERINDIA, BOM:543187) said it will invest about 20 billion rupees to set up a large power transformer manufacturing facility at Karjan in Vadodara, Gujarat, according to a regulatory filing with Indian stock exchanges on Friday.The plant is expected to be completed in fiscal 2028 and will produce power transformers for applications including high-voltage transmission, HVDC systems, power generation, data centres, and other industrial projects, the filing said.The company said the investment aims to meet accelerating demand for transmission infrastructure and power equipment in India.Shares of the company rose over 3% in recent trade.

BOM:543187NSE:POWERINDIA

UK Trade Deficit Widens in Quarter to April

Britain's goods and services trade deficit rose by 7.7 billion pounds sterling to 9.9 billion pounds in the three months to April, the Office for National Statistics said Friday.The UK's goods trade deficit increased by 7.6 billion pounds to 62.5 billion pounds, while the services trade surplus declined by 200 million pounds to 52.6 billion pounds.

Wedge Industrial Subsidiary, Controller Guarantees 30-Million-Yuan Credit Line

Wedge Industrial (SHE:000534) subsidiary Inner Mongolia Shuangqi Pharmaceutical and actual controller Lin Weiguang provided a joint guarantee for a 30-million-yuan comprehensive credit line from Xiamen International Bank.Following this guarantee, subsidiary-provided guarantees for the real estate and building materials developer now total 250 million yuan, according to a Friday filing with the Shenzhen bourse.Shares of Wedge Industrial rose 2% in recent trade.

SHE:000534

UK's Monthly Manufacturing Output Rises 0.4% in April

The UK's monthly manufacturing production edged up 0.4% in April, following a 1.2% increase in the prior month, the Office for National Statistics said Friday.Analysts expected a 0.2% fall for the month.On a yearly basis, British manufacturing output rose 1%, compared with the 1.2% growth earlier and the consensus estimate of a 0.4% gain.

UniTest Secures Nearly $40 Million Solar Power Plant Contract in Guam

Unitest (KOSDAQ:A086390) secured a $39.5 million solar power plant contract in the U.S. territory of Guam, according to a Friday filing with the Korean Exchange.The contract, which is for the construction of a solar power plant, will conclude by Dec. 31, 2028.

KOSDAQ:A086390

British Monthly Industrial Production Flatlines in April

The UK's monthly industrial production stalled in April, following a 0.2% fall in March, the Office for National Statistics said Friday.Analysts expected a 0.1% increase for the month.On a yearly basis, UK industrial output declined 0.2%, against the zero growth earlier and the consensus estimate of a 0.1% drop.

German Annual Inflation Eases to 2.6% in May, Final Data Shows

Confirming the flash estimate, Germany's annual inflation rate fell to 2.6% in May from 2.9% in April, final data from the country's Federal Statistical Office showed Friday.On a monthly basis, consumer prices were down 0.2%, matching the preliminary reading.The annual harmonized inflation rate for May stood at 2.7%, confirming the initial estimate and down from the prior 2.9%. Meanwhile, the harmonized consumer prices declined 0.1% month over month, consistent with the flash data.

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NFC Tops Selection for $773 Million Mongolia Copper Smelter; Shares Up 10%

China Nonferrous Metal Industry's Foreign Engineering and Construction Co. (SHE:000758), or NFC, secured priority negotiation rights after achieving the highest score in the selection process for Mongolia's copper smelting project, according to a filing with the Shenzhen bourse.The project, owned by Mongolia's state-owned Erdenet Mining and Copper Processing Complex, envisions a 120,000-ton-per-year cathode copper smelter valued at about $773 million.No binding agreement has been signed.Shares of the mining and metals company rose 10% in recent trade.

SHE:000758

UK's Monthly GDP Contracts 0.1% in April

The UK's gross domestic product fell 0.1% month over month in April, following a 0.3% increase in March, the Office for National Statistics said Friday.The reading, which matched the market forecast for the month, marks the first monthly fall in UK GDP since August 2025.On a yearly basis, the British economy grew 1.2%, against the prior 1.2% expansion and the consensus estimate of a 1.3% gain.

Tourism Holdings Grants Due Diligence Access to Consortium for Proposed Acquisition; Shares Rise 6%

Tourism Holdings (ASX:THL, NZE:THL) granted due diligence access to a consortium comprising BGH Capital and the family interests of Luke and Karl Trouchet for a proposed acquisition of the company, according to a Friday filing with the Australian and New Zealand bourses.The consortium has proposed to acquire Tourism Holdings at an indicative all-cash offer price of NZ$3.10 per share.The company said it granted the due diligence access after the consortium confirmed it was willing to hold its offer at that price level following a cut to Tourism Holdings' fiscal year 2026 underlying net profit after tax guidance.Tourism Holdings will continue to work with the consortium on a potential deal, but warned that the decision to grant due diligence access does not constitute a recommendation on the offer.The company's Australia-listed shares gained 6% in recent Friday trade.

ASX:THLNZE:THL

Market Chatter: Bank of Korea Policymaker Backs Timely Rate Hike

South Korea's central bank should raise interest rates "on time" as inflation is expected to remain above target for a considerable period, Reuters reported Friday, citing Bank of Korea Governor Shin Hyun-song.Shin said monetary policy should focus on price stability, adding that recent data and higher oil prices triggered by the Middle East conflict support the case for tighter policy, according to the report.South Korea's consumer inflation accelerated to 3.1% in May, its highest level in more than two years.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Market Chatter: Sony Group Shortens Hawk-Eye's Play Review Times as World Cup Begins

Sony Group (TYO:6758) has upgraded its advanced soccer officiating technology in time for this week's FIFA World Cup opening, shortening the time required for play reviews, Nikkei Asia reported Friday.The updated Hawk-Eye system, developed by Sony-owned Hawk-Eye Innovations, uses artificial intelligence that automatically determines if a ball has traveled out of bounds, the report said.The changes aim to remove the minutes-long delays seen in previous tournaments, according to the report.The technology will also track offside violations faster by notifying on-field referees, the report said.Meanwhile, FIFA technology partner Lenovo Group (HKG:0992) will launch 3D player avatars to recreate offside decisions and provide participating countries with the FIFA AI Pro tool for tactical analysis, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0992TYO:6758