-- Immutep (ASX:IMM) said JPMorgan Chase and its affiliates cut their stake in the company on Tuesday to 5.43% or about 80.1 million shares from 6.94% or roughly 102.3 million shares, according to a Friday filing with the Australian bourse.
Shares of Immutep were down 9% in recent Friday trade.
London-listed energy projects developer Pennpetro Energy (PPP.L) appointed Ronald Derrickson as nonexecutive co-chairman to support Executive Chairman Richard Spinks.Derrickson is the owner and president of RMD Group, according to a Friday release.
Mattresses and pillows manufacturer Magenta Lifecare (BOM:544188) has secured an order of an undisclosed amount for 6,000 mattresses from Reliance Industries (NSE:RELIANCE, BOM:500325), according to a BSE filing on Friday.The company's shares were down nearly 5% in recent trade.
Dampened domestic demand and external strains from the US-Iran war will continue to temper credit prospects in China, Fitch Ratings said in a recent release.Fitch expects China to post real GDP growth of 4.3% under its base case, but this could fall to 3.8% under a downside scenario where the Strait of Hormuz remains closed through the end of the second quarter.Lingering weak demand continues to be China's main credit pressure, with increased input costs and eroded export support also factoring into the downtrend, Fitch said.Credit constraints will be distilled in exposed sectors, including chemicals, which face pressure from increased feedstock costs amid tighter crude, naphtha, and liquefied petroleum gas markets, as well as downstream oil and gas, the rating agency said.Policymakers will likely continue prioritizing supply over demand, which narrows the potential for a more robust recovery in household spending, Fitch said.Property weakness further strains credit dynamics across sectors, with Fitch forecasting 2026 sales to drop by 7% and 8%.The rating agency expects funding conditions to remain accessible even with the external shock, with sufficient domestic liquidity and low market rates anchoring the bond market.