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The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie was trading 0.1% higher at C$1.3948 to the greenback, or 71.69 U.S. cents, after trading in a range of 1.395 to 1.3969. Canadian government 10-year bond yields fell 0.9 basis points to 3.167%. The yield on similar U.S. government benchmark debt rose to 4.0922%. U.S. November crude futures rose 29 cents to $60.77 a barrel on Friday.

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GERMAN INTERIOR MINISTER DOBRINDT SAYS EU INTERIOR MINISTERS WILL DISCUSS DRONE DEFENCE PLAN AT MUNICH MEETING

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US S&P 500 E-MINI FUTURES FLAT, DOW FUTURES UP 0.09%, NASDAQ 100 FUTURES FLAT

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* Beauty Tech Group sets IPO price of 271 pence per share * Company sells at-home beauty devices using lights and lasers * Total offer represents about 35.5% of its issued share capital * London IPO market has had a quiet year (Adds shares in paragraph 1-2, analyst in 7) By Charlie Conchie and Yadarisa Shabong Oct 3 (Reuters) – Shares in Beauty Tech Group rose as much as 6.6% in its London market debut on Friday, giving the British company a market capitalisation of about 320 million pounds ($430 million) and offering encouraging signs for the struggling UK IPO market. The initial public offering was priced at 271 pence per share earlier on Friday. By 1212 GMT, the shares were trading as high as 289 pence. Founder and CEO Laurence Newman said listing during a quiet period for the market had helped boost Beauty Tech Group's profile, and he hoped more firms would now follow in its wake. "It's given us great recognition, and this is an embryonic industry, so that's helpful," he told Reuters. "I'm hoping that there will be several that follow. My sense is, (from) people I've spoken to and people who've contacted me, there's a lot of people wanting to do this, but they're waiting for someone to go. And I'm hoping that today will be quite a pivotal moment in that respect." London's IPO market has had a slow start this year and seen a raft of companies seeking listings abroad despite regulatory reforms aimed to attract companies. However, there are signs of a potential pick-up as Prices Group, the maker of canned tuna and Napolina Pasta, said on Friday it was planning a London listing, and British bank Shawbrook is considering filing for an IPO in the coming days, according to sources. "That’s an encouraging start, particularly for a smaller company given the lower end of the market cap spectrum has been out of favour with investors for some time," said Dan Coatsworth, head of markets at AJ Bell, of Beauty Tech Group's debut. The company makes and sells at-home beauty devices using lights and lasers. It said the IPO comprised 10.7 million new shares to raise 29 million pounds, and 28.6 million shares sold by existing shareholders. That implied a total offer size of 106.5 million pounds, the company said, about 35.5% of its issued share capital. ($1 = 0.7439 pounds) (Reporting by Yadarisa Shabong in Bengaluru and Charlie Conchie in London. Editing by Susan Fenton and Mark Potter)

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* Beauty Tech Group and Princes Group fuel London IPO resurgence * Beauty Tech Group shares rise 5% in early trading * Advisers hope for acceleration of listings By Charlie Conchie LONDON, Oct 3 (Reuters) – A flurry of listings on the London Stock Exchange this week has raised hopes of a revival after one of the most sluggish years on record, bankers and advisers said. In the nine months to the end of September, London hosted only three IPOs on its main market, putting it at risk of its worst year yet for new share sales as companies either stayed private or opted to list in the United States and Europe in pursuit of higher valuations. But on Friday, Cheshire-based cosmetic company the Beauty Tech Group, known for its LED red light face masks, floated on the London Stock Exchange at a valuation of 300 million pounds ($403.41 million), while tinned tuna and Napolina owner Princes Group confirmed plans to list its shares. Shares in Beauty Tech Group bounced more than 5% in early trading, placing it among the top 10 gainers across the London Stock Exchange. Alternative lender Shawbrook is also expected in the coming days to file an application for an IPO that the market has long anticipated, sources told Reuters. Fermi, a data centre start-up run by former U.S. energy secretary Rick Perry, listed its shares on the London Stock Exchange on Thursday after an IPO on Nasdaq earlier in the week. COMPANIES HAVE FAVOURED MAINLAND EUROPE AND US "There has been interest from investors wanting to put money in but there was just a lack of companies seeing an IPO as a proper alternative to other forms of funding,” Julian Morse, co-CEO of investment bank Cavendish, told Reuters. “That pendulum seems to have swung, and these listings will really help. In the last few months, we've definitely seen an acceleration of companies coming to us seriously considering IPOs." The slowness of Britain's economic recovery and a perception its stock market is undervalued have meant London, which was Europe's most popular listing venue in the boom of 2021, has attracted only 2% of all European IPO volumes since January, with Zurich and Frankfurt the busiest venues in Europe, Dealogic data showed. The market has also been hit by take-private deals and high-profile firms swapping their primary listings to overseas markets, including fintech company Wise. AstraZeneca, one of Britain’s most valuable companies, unsettled some advisers and analysts this week when it said it planned to upgrade its listing in New York. HEALTH TECH, FOOD AND FINANCING The late rash of new debuts has, however, raised hopes that others may press ahead with listing plans in London. “If they can successfully build their books and trade well, this will unlock a more sustained pipeline, which is significant,” said Michael Jacobs, a capital markets lawyer at Herbert Smith Freehills Kramer. Beauty Tech Group CEO Laurence Newman told Reuters on Friday he hoped the IPO would prove a turning point. “It’s encouraging to see the range of businesses coming to market across health tech, food and financing,” said Charles Hall, head of research at investment bank Peel Hunt. “This should be just the start – we are actively engaging with a number of exciting float candidates, which should help to put London back at the top of the league table.” Ministers and regulators have looked to overhaul the London Stock Exchange’s listing rules to try to tempt more firms to come to market. Advisers, meanwhile, say larger deals in the next year could be a further spur. They include software company Visma, whose private equity owner Hg has provisionally chosen London, in a deal that could value it at around $20 billion. ($1 = 0.7437 pounds) (Reporting by Charlie Conchie; editing by Anousha Sakoui and Barbara Lewis)

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(Updates with official prices) By Tom Daly Oct 3 (Reuters) – Copper struck a 16-month high on Friday, poised for its strongest week in almost six months as supply constraints and a softer dollar boosted prices. Three-month copper on the London Metal Exchange was up 0.7% at $10,565 per metric ton in official open outcry trading and on course for a weekly gain of 4.1%, which would mark its best week since the week of April 7. It earlier touched $10,599.50, the highest since May 29, 2024. "The focus is squarely on the supply side – the risk to supply and the potential delay in getting supply back. That's helping drive the momentum," said Ole Hansen, head of commodity strategy at Saxo Bank. The market "hasn't looked back" since breaking through resistance at around $10,160 last week after Freeport-McMoran's force majeure at its Grasberg mine, Hansen added. Copper stocks in the LME warehouse system have sunk to 140,475 tons, the lowest since the start of August. In the United States, a buildup in copper stocks on the Comex has not weighed on prices, Hansen noted. "Copper is part of this investment story where investors are seeking protection in tangible assets," he said. The dollar, which was heading for its worst week since July, was also supporting prices. A softer dollar makes metals more affordable for holders of other currencies. Tin meanwhile continued its recent ascent, climbing 1.4% to $37,400. It earlier touched $37,695, the highest since April 2, and was on course for a weekly jump of 8.5% for its best since March. The tin market is grappling with possible supply shortages in Indonesia, where authorities have confiscated 42,000 tons of tin sands from miners linked to a corruption case. Aluminium rose 0.4% to $2,703 a ton and nickel gained 0.4% to $15,375, while lead was down 0.3% at $2,018 and zinc fell 0.8% to $2,995, having hit $3,039 earlier in the session, its highest since December 31. (Reporting by Tom Daly; additional reporting by Lucas Liew; Editing by Sonia Cheema, Mrigank Dhaniwala, Susan Fenton and Shailesh Kuber)

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LONDON, Oct 3 (Reuters) – West African crude oil differentials were stable on Friday in muted trade. * Traders are awaiting results from a tender held by Indian Oil Corp, a trade source said. * About half of Angola's available cargoes have traded, the source said. * Only one cargo of the Republic of Congo's Djeno grade remains. * Freight rates remain high, weighing on trading activity. (Reporting by Anna Hirtenstein Editing by David Goodman )

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(Adds details on Supabase and background in paragraphs 3-4, 6-11) Oct 3 (Reuters) – Open-source database startup Supabase said on Friday it has secured a valuation of $5 billion in its latest funding round, as investors continue to back companies riding the wave of the artificial intelligence boom. The $100 million Series E funding was led by venture capital firms Accel and Peak XV. Figma Ventures and other investors also participated in the round. Supabase is a backend platform that helps developers build applications quickly and has benefited from the rise in AI-powered coding assistants. The platform is built on the PostgreSQL open-source database, a system for organizing and managing information online. The latest capital-raise comes just months after Supabase's Series D round, which reportedly valued it at $2 billion. Venture capital activity in the AI domain has continued to surge, with more than half of 2025 deals going to AI startups, according to PitchBook data. Founded by Paul Copplestone and Ant Wilson in 2020, Supabase has now raised more than $500 million in total funding. Coding platforms such as Lovable and Bolt run on Supabase, which caters to more than four million developers. The company's customers also include enterprises such as PwC, McDonald's and Github Next. "This new financing aims to accelerate Supabase's efforts to become the backend for everyone, from startups to some of the most demanding, data-intensive enterprise workloads," said Caryn Marooney, general partner at investment management firm Coatue. Supabase has hired database clustering system Vitess' co-creator Sugu Sougoumarane to lead the effort. The company has also reserved an allocation for its community members to co-invest along with institutional investors, as part of the funding round. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)

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Alerts on White Mountains Insurance Group selling stake in insurance distribution platform Bamboo to funds advised by CVC Capital Partners were inadvertently tagged to Australia's CVC Ltd, an unrelated entity and have been withdrawn. For the correctly coded alerts on White Mountains, click STORY_NUMBER: STORY_DATE: STORY_TIME:[12:00:19]

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Oct 3 (Reuters) – Sofina SA: * COMPLETES PRIVATE PLACEMENT OF SCRIPS TO INVESTORS * ADDITIONAL 12.3% OF NEW SHARES SUBSCRIBED AT EUR 223 PER SHARE * NET PROCEEDS FROM NEW SHARES ESTIMATED AT EUR 538.56 MILLION * PAYMENT AND LISTING OF NEW SHARES EXPECTED ON OCT 7, 2025 Source for text: tinyurl.com/sjvyrw97 Further company coverage: (Gdansk Newsroom)

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