London stocks closed weaker on Friday as the pound lost further ground, with the Brexit trade deadline looming.
Analysts at Liberum upgraded Smart Metering Systems to 'buy' and raised their target price on the stock from 620. 0p to 800. 0p on Friday following the group's unscheduled trading update a day earlier.
The FTSE 100 ended the week down 17. 57 points at 6,529. 18.
Lok'n Store Group revealed on Friday that senior non-executive director Edward Luker had acquired 6,200 orders shares in the AIM-listed self-storage firm.
Cybersecurity company Falanx Group updated the market on the supply chain attack on the ‘SolarWinds Orion’ platform software on Friday, noting that it did not use the product as part of its Triarii technology stack.
Touchstone Exploration announced on Friday that its indirect wholly-owned subsidiary Primera Oil and Gas has executed a long-term natural gas sales agreement with the National Gas Company of Trinidad and Tobago (NGC) for all future natural gas production from the Ortoire block.
London’s FTSE 100 was flat at 6,548. 74 in afternoon trade on Friday.
Trident Royalties announced on Friday that its wholly-owned subsidiary TRR Services UK has entered into a binding, conditional agreement with Bellatrix - a wholly-owned subsidiary of Orion Resource Partners - to acquire a portfolio of three existing royalties over the Pukaqaqa Copper Project.
Clothing retailer Next is reportedly in talks with a well-known American investment firm about a joint bid to gain control of Philip Green's Arcadia Group, which owns Topshop, Burton and Miss Selfridge.
Michel Barnier has warned that trade talks with the UK are at a "moment of truth" with only hours left to secure a deal to prevent potential chaos in the new year.
The likelihood of a Brexit deal getting done this week has moved up to 70/30 from 60/40, JPMorgan said in a note on Friday.
Lloyds Banking Group has scrapped all staff bonuses for 2020 because of a drop in profit caused by the coronavirus pandemic, the Financial Times reported.
DP Poland has entered into a conditional share purchase agreement to acquire Polish pizza restaurant group Dominium, it announced on Friday.
Analyst at Berenberg raised their target price on ventilation products supplier Volution Group from 315. 0p to 345. 0p on Friday, stating the company's "strategically attractive" acquisition of ClimaRad.
European shares inched higher on Friday despite nervousness about the pessimistic tone being struck by both sides in the Brexit negotiations.
Wall Street futures were pointing to a muted open ahead of the bell on Friday after major indices closed at record highs in the previous session.
Alibaba said it was “dismayed” after learning that Alibaba Cloud had developed facial recognition technology to identify ethnicity and thus profile “Uyghur” muslims.
London stocks were still just a touch firmer by midday on Friday while the pound lost ground, as the Brexit trade deadline loomed.
Hurricane Energy updated the market on its operations on Friday, reporting that since its update in early October, the Lancaster field had continued to produce from the 205/21a-6 well alone, except for a short period of testing the 205/21a-7z well to assist in the refinement of the Lancaster reservoir simulation model.
UK manufacturers’ order books improved at their strongest rate since the start of the Covid-19 crisis in December as the clock ticked down to post-Brexit trading, a Confederation of British Industry survey showed.
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