Major sporting events around the globe have been cancelled or postponed as organisers moved to stop mass gathering to combat the coronavirus pandemic.
London’s benchmark lost some of its earlier gains by the close on Friday, but remained above the waterline, with stimulus hopes lending support as investors continued to mull the impact of the Covid-19 coronavirus pandemic.
Stocks across the Continent finished slightly higher as the European Commission and German officials promised to open the fiscal taps to offset the impact of the coronavirus health crisis.
Scotgems revealed on Friday that non-independent director Angus Tulloch had acquired 250,000 ordinary shares in the London-listed investment trust.
Prime Minister Boris Johnson has urged the UK’s leading tech companies and artificial intelligence researchers to help in the fight against the coronavirus.
The FTSE 100 ended the week down 1,139 points at 5,323. 75.
The US is expected to declare a national emergency at the end of the week and call for a coordinated international response to contain the coronavirus and its economic fallout.
Natural resources investment company Cluff Natural Resources responded to its recent share price volatility on Friday, telling shareholders that, irrespective of market uncertainty related to commodity price weakness and the Covid-19 coronavirus pandemic, its operations and planned work programmes remained on track, with day-to-day operations said to be unaffected.
Analysts at Berenberg slashed their target price on mining firm Gem Diamonds from 92. 0p to 44. 0p on Friday, stating that the recent coronavirus outbreak had hit the diamond market's recovery.
Oil and gas investment company Reabold Resources updated the market on what it called the “current volatile market conditions” relating to the Covid-19 coronavirus pandemic on Friday.
Education management software company Tribal Group has resolved its dispute with its software platform provider, it announced on Friday.
Agronomics announced on Friday that one of its major holdings, Foods United, has completed a $200m financing and rebranded as ‘the Livekindly Co’.
US stocks opened higher on Friday following the Dow’s worst day since Black Monday in 1987 in the previous session.
Bitcoin was down 48% from a day ago to $4,001. 60, according to data from Coindesk early on Friday.
British Airways CEO warned staff that the industry is going through a crisis due to the coronavirus outbreak and expects to make job cuts and ground an unprecedented number of planes.
London’s FTSE 250 was down 0. 8% at 15,587. 07 in afternoon trade on Friday.
Africa-focussed oil and gas company Tower Resources has received an updated independent reserves report from Oilfield International (OIL) on behalf of its wholly-owned subsidiary Tower Resources Cameroon, it announced on Friday, covering its Thali production sharing contract, offshore Cameroon.
London’s FTSE 100 was up 3. 1% to 5,400. 00 in afternoon trade on Friday, well off earlier highs as the rebound from Thursday’s session lost momentum.
Stocks across the Continent are bouncing back following a ban on short-selling Italian and Spanish stocks, and amid a coordinated economic response from European authorities.
The spreading coronavirus and big falls in stock market prices weighed on US consumer sentiment at the start of the month, the results of the most closely-watched survey showed.
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