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Europe close: Stocks slip after weak euro area services sector data
Stocks across the Continent finished slightly lower on Friday, despite data showing a sharp slowdown in services sector growth inside the single currency block.
London close: Stocks weaker as investors mull economic data
London’s top-flight index ended in the red on Friday, as investors mulled over a raft of economic data, with sterling under the cosh after the EU blamed the UK for deadlocked Brexit talks.
Broker tips: Hammerson, DCC, Antofagasta
Analysts at RBC Capital Markets cut their target price on real estate investment trust Hammerson from 65. 0p to 55. 0p on Friday, stating the group's planned restructuring marked a "big change in strategy".
Director dealings: Whitbread HR directors makes share sale
Whitbread revealed on Friday that human resources director Louise Smalley had disposed of 1,742 ordinary shares in the FTSE 250-listed hotel operator.
Inland Homes agrees acquisition and development of Hounslow site
Developer and housebuilder Inland Homes announced on Friday that its asset management division has entered into agreements relating to the acquisition and development of one of the largest brownfield sites in London - the 36. 7 acre Cavalry Barracks in Hounslow.
Advanced Oncotherapy draws down first $10m from Nerano facility
Proton cancer treatment developer Advanced Oncotherapy has drawn down an initial $10m (£7. 65m) from the interest-bearing secured convertible facility with Nerano Pharma, it announced on Friday.
Tiziana gets US patent on use of 'Milciclib'
Biotechnology company Tiziana Life Sciences announced on Friday that the United States Patent and Trademark Office (USPTO) has granted a patent on use of ‘Milciclib’ in combination with tyrosine kinase inhibitors (TKIs) such as ‘Sorafenib’, ‘Regorafenib’ and ‘Lenvatinib’ for the treatment of hepatocellular carcinoma (HCC) and other cancers in humans.
Bellway shares 'up with events', says Deutsche Bank
Deutsche Bank downgraded housebuilder Bellway to ‘hold’ from ‘buy’ on Friday, saying the shares are largely "up with events".
Simec Atlantis enters debt financing agreement for Uskmouth
Sustainable energy company Simec Atlantis Energy announced on Friday that it has entered into an exclusive debt financing agreement with South Korean financial institution Hana Financial Investment (HFI) to work together to fund 100% of the 110MW first phase of the Uskmouth conversion project, through a senior secured loan to SIMEC Uskmouth Power (SUP).
Manx Financial Group announces government-backed lending appointments
Financial services company Manx Financial Group announced what it described as “significant” government-approved appointments in the Isle of Man and the UK on Friday.
US open: Stocks go green following better-than-expected data
Wall Street stocks were higher at the bell on Friday, with the Nasdaq Composite hitting a fresh intraday high as a record week for indices gets set to draw to a close.
US manufacturing and services sector PMIs jump in July
Activity levels at both US factories and among services sector firms picked up substantially in August, according to the results of two closely-followed surveys.
FTSE 250 movers: HGCapital Trust rallies; Bellway falls on downgrade
London’s FTSE 250 was up 0. 1% at 17,508. 76 in afternoon trade on Friday.
Existing US home sales jump at twice the expected pace in July
Existing home sales in the US jumped last month at nearly twice the pace that economists had forecast.
FTSE 100 movers: DCC hit by downgrade; InterContinental up on M&A spec
London’s FTSE 100 was down 0. 5% at 5,986. 20 in afternoon trade on Friday.
Friday broker round-up
Bellway: Deutsche Bank downgrades to hold with a target price of 2,422p.
Ovo Energy pays £1.2m fine as SSE unit misses smart meter target
Gas and electricity supplier Ovo Energy has paid a voluntary £1. 2m fine as its recently-acquired SSE Energy Services unit failed to hit smart meter installation targets last year.
EU approves €290m aid for Lufthansa Belgian unit
The European Commission on Friday approved a €290m aid package for German carrier Lufthansa's Belgian unit Brussels Airlines, to help it withstand the impact of the coronavirus pandemic.
EU's Barnier warns Brexit trade talks 'going backwards'
European Union Brexit negotiator Michel Barnier said talks between the UK and the EU went "backwards” this week, adding that negotiators are “wasting valuable time”.
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