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Europe close: Stocks dip, euro continues to gain strength
European markets finished the week on a down note as the single currency continued gaining altitude with disappointing data from France and Germany pulling the Continent’s benchmark indices lower.
Week ahead: Brexit, US non-farm payrolls in focus
Investors returning from the Bank holiday will have their work cut out for them.
London close: Stocks finish weaker as pound surges
London’s top-flight index closed in the red ahead of the bank holiday weekend, weighed down by a sharp move higher in sterling.
Boohoo slumps as supply chain scandal intensifies
Boohoo shares slumped on Friday following a report the fast-fashion retailer has been selling clothes made by at least 18 factories in Leicester, which according to audits have failed to prove they pay workers the minimum wage.
Broker tips: Rolls-Royce, DMGT, WPP
There are three new reasons for investors to cut their holdings in Rolls-Royce, JP Morgan said as it reduced its price target on the engine maker.
Director dealings: Wizz Air CEO makes share sale
Wizz Air said on Friday that chief executive Jozsef Varadi had disposed of 75,000 ordinary shares in the London-listed airline.
FTSE 250 movers: Carnival cruises higher; Avon Rubber falls
London’s FTSE 250 was up 0. 1% at 17,775. 68 in afternoon trade on Friday.
Hedge fund makes record bet against Lloyds shares
One of Europe's biggest hedge funds has made a record bet against Lloyds Banking Group's share price, according to a report.
US consumer sentiment edges up in August
Consumer sentiment in the US improved a touch in August, according to final figures released on Friday.
US open: Dow Jones on track to erase 2020 losses
Wall Street stocks opened higher on Friday, with the Dow Jones set to erase all of its 2020 losses at the open as a record-breaking rally for the index looks set to continue.
Workspace suits 'hub and spoke' office future, JP Morgan says
Workspace is best placed to benefit from a shift towards a "hub and spoke" model for corporate real estate, JP Morgan said as it cut its target price on the company's shares.
Chicago PMI edges lower in August
Economic activity in the Chicago area deteriorated a touch in August but remained in expansion mode, according to figures released on Friday.
Bailey says BoE has more firepower to combat crisis
The Bank of England has more firepower available to combat the economic impact of Covid-19, Governor Andrew Bailey said.
Barclays hikes target for WPP, says company guidance too conservative
Analysts at Barclays reiterated their 'overweight' recommendation for shares of WPP, arguing that the company's guidance for sales growth and operating margins was too "conservative".
FTSE 100 movers: Precious metals miners shine; Rolls-Royce loses again
London’s FTSE 100 was flat at 6,000. 87 on Friday afternoon in very quiet trade ahead of the bank holiday weekend.
Codemasters releases 'Project CARS 3' motorsport game
Video game developer and publisher Codemasters confirmed the release of ‘Project CARS 3’ on Friday for Sony’s PlayStation 4, Microsoft’s Xbox One, and the PC platform via Steam.
Europa Metals upbeat on latest testwork at Toral
Europe-focussed lead-zinc and silver developer Europa Metals announced the results of the phase 3 independent metallurgical testwork conducted by Wardell Armstrong International (WAI), and the findings of a successful ore sorting analysis programme carried out by WAI and TOMRA overseen by Bara Consulting, on its wholly-owned Toral project in northern Spain on Friday.
Oracle Power and partners to meet with Pakistan authorities
Oracle Power updated the market on Friday, reporting that itself and its consortium partners China National Coal Development Company and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum have been invited to meet with Pakistan’s Private Power and Infrastructure Board (PPIB) in early September, to present the Thar Block VI project implementation plan with a view to finalising the award of a letter of intent.
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