Financial markets' focus over the coming week is likely to be on the head of the Federal Reserve, Jerome Powell, who is due to make at least three public appearances, starting with a panel from the US House of Representatives on Tuesday and again on each of one of the next two days, before the House panel on Covid-19 on Wednesday and the Senate Banking Committee on Thursday.
Analysts at Canaccord Genuity have reiterated their 'buy' recommendation and 839. 0p target price for shares of Gresham House, the alternative fund manager, given its focus on Environmental, Social and Governance issues and "strong" long-term outlook for the business.
European shares were lower at the end of the week with travel stocks acting as the main drag amid concern over tightening mobility restrictions including in the UK and Spain and a fast rising case count in France.
London stocks closed in negative territory on Friday, amid concerns about rising coronavirus cases and the introduction of further mobility restrictions, as investors digested the latest UK retail sales data.
The FTSE 100 ended the week down 25. 04 points at 6,007. 05.
Photo-me International revealed on Friday that Tibergest, an entity closely associated with chief executive Serge Crasnianski, had acquired 3. 56m ordinary shares in the London-listed Photo Booth operator.
Braveheart Investment Group announced on Friday that Pharm 2 Farm, in which it has a controlling interest, has placed an order for an automated face mask production line, which is expected to be delivered in November and commissioned by the end of December.
Software-as-a-service marketing technology company Eagle Eye announced on Friday that sandwich chain Pret A Manger is using its ‘AIR’ platform for its new coffee subscription service.
Superyacht painting, supply and maintenance company GYG announced the signing of a letter of intent for a 100+ metre new build yacht in Europe on Friday, scheduled to start in the second quarter of 2021.
Wall Street stocks were mixed after the bell on Friday as stimulus talks, Chinese apps and vaccination news were all in the spotlight.
US consumer confidence overall rose back to its highs from April, having moved roughly sideways since then, the results of a closely-followed survey revealed.
European shares were mostly lower at the end of the week with travel stocks acting as the main drag amid concern over tightening mobility restrictions including in the UK and Spain and a fast rising case count in France.
London’s FTSE 250 was down 1% at 17,563. 93 in afternoon trade on Friday.
The European Union agreed an advance purchase agreement with Sanofi and GlaxoSmithKline for the companies' potential Covid-19 vaccine.
Salesforce. com is set to create 12,000 jobs over the next year, including 4,000 positions in the coming six months, Chief Executive Officer, Marc Benioff, said in a tweet on Friday.
Pearson's new boss Andy Bird has got off to a bad start with the company's investors after almost a third of shareholder votes opposed the $9. 4m (£7. 3m) pay deal he agreed to run the company.
Analysts at Liberum hiked their target price on Keywords Studios from 1,825. 0p to 2,450. 0p, stating the long-term outlook for both the firm and the video games industry at large was looking "better than ever".
The US government has ordered a ban on the continued distribution of Chinese-made mobile apps WeChat and TikTok to stymie the potential use of data gathered on American citizens' personal data to undermine the country's national security.
London’s FTSE 100 was down 0. 5% at 6,017. 26 in afternoon trade on Friday amid worries about rising coronavirus cases and the imposition of further restrictions.
Ryanair said on Friday that it will cut its October capacity by another 20% as Covid-related travel restrictions continue to dent bookings, and warned that further cuts to the winter schedule are likely.
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