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Sector movers: Auto and Oil&Gas stocks pace losses
Some of the most cyclical areas of the stock market, such as Autos&Parts and Oil&Gas, were the worst hit at the end of the week as a raft of negative news headlines hit the wires, especially those around Brexit talks with the European Union.
Europe close: Brexit worries, US stimulus doubts weigh on sentiment
European shares extended losses on Friday as a no-deal Brexit became an increasingly likely prospect with both sides talking down hopes of an agreement and stimulus talks on Capitol Hill hit a snag.
London close: Stocks finish weaker amid no-deal Brexit warnings
London stocks closed in negative territory on Friday, after Prime Minister Boris Johnson warned there was a "strong possibility" of a no-deal Brexit.
US final demand inflation edges past forecasts in November
Wholesale inflation in the States picked up a bit more quickly than anticipated last month.
Broker tips: Volution, NatWest
Analysts at Berenberg hiked their target price on ventilation products provider Volution from 240. 0p to 315. 0p on Friday follow "a very impressive trading update" from the group.
Director dealings: Stock Spirits CFO makes share sale
Stock Spirits revealed on Friday that chief financial officer Paul Bal had disposed of 50,691 ordinary shares in the London-listed spirits and liqueurs producer.
FTSE 250 movers: Calisen surges on takeover offer; Frasers retreats
London’s FTSE 250 was down 0. 6% at 19,636. 14 in afternoon trade on Friday.
Asiamet confirms Covid-19 delay to KSK sale process
Asiamet Resources updated the market on the sale process for the KSK contract of work on Friday, having entered into a non-binding heads of agreement with PT Wasesa Indo Nusa (PT WIN) to acquire its wholly-owned subsidiary Indokal on 8 October.
Power Metal begins work programme at Alamo
Metals exploration and development company Power Metal Resources updated the market on the Arizona-based Alamo Gold Project on Friday, in which it has the right to earn-in up to a 75% interest.
Ofcom fines BT £6.3m for breaking rules in NI tender
UK regulator Ofcom fined BT £6. 3m after it had failed to meet regulatory obligations during procurement for a major public sector telecoms services contract in Northern Ireland.
US consumer confidence surprises to the upside, but further economic stimulus may be key
US consumer confidence surprised to the upside last month as Democratic voters became "much more optimistic" following Joe Biden's win in the last presidential elections, the results of a closely-followed survey revealed.
US open: Dow Jones on track for first weekly loss in three weeks
Wall Street stocks opened in the red on Friday, putting the Dow on track for its first weekly loss in three weeks amid an uncertain outlook in regards to a potential stimulus package from the government.
FTSE 100 movers: Banks under the cosh; Ocado rises
London’s FTSE 100 was down 0. 6% at 6,557. 67 in afternoon trade on Friday.
Energy consulting firm Beond to be bought by eEnergy
Energy efficiency service company eEnergy Group has conditionally agreed to acquire UK-focussed renewable energy consulting and procurement business Beond Group, it announced on Friday.
FTSE 250 could drop up to 10% in no-deal Brexit, says Morgan Stanley
As Prime Minister Boris Johnson warned there was a "strong possibility" of a no-deal Brexit, analysts at Morgan Stanley considered the near-term implications of such an outcome, suggesting up to 10% downside for the domestically-focused FTSE 250 and a decline of as much as 20% for UK domestic bank stocks.
Capita secures two-year contract extension with MoD
Outsourcer Capita has secured a two-year contract extension with the Ministry of Defence (MoD) to continue to deliver the recruitment service for the British Army.
Berenberg raises target price on Volution
Analysts at Berenberg hiked their target price on ventilation products provider Volution from 240. 0p to 315. 0p on Friday follow "a very impressive trading update" from the group.
BoE doing extensive work on possible impact of adopting negative interest rates
Extensive work was being carried out at the Bank of England on the possible implications and practicalities around adopting negative interest rates.
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