1. Britishvolt met government, had funds in sight before collapse
Although the government had committed £100mln for Britishvolt’s prospective £3.8bn electric vehicle (EV) battery in Northumberland, the company failed in January after it was unable to access a £30mln advance on the funds.
2. NatWest profit beats City expectations but deposits slip
The FTSE 100-listed lender described the performance as “strong” with operating profit before tax of £1.82bn, up from £1.22bn a year ago, and ahead of City forecasts of £1.6bn.
3. FTSE 100 ends April with modest gains
The FTSE 100 finished Friday 0.5% higher at 7,871 following a volatile week for London's blue-chip index.
4. Kingspan joins CRH on the London delisting bandwagon
Kingspan cited “negligible” trading activity on the LSE as the reason, while reaffirming its commitment to the primary listing on the main market of Euronext Dublin, “where the majority of share trading takes place”.
5. Huawei’s revenues show brutal effect of US sanctions
Huawei released a rather austere first-quarter trading statement on Friday, yet the two paragraphs were enough to show the catastrophic impact US sanctions have had on the Chinese tech firm.