The spotlight over the coming week is likely to be on progress with vaccination programmes around the world.
European stocks slumped at the end of the week as investors ignored long-awaited US stimulus proposals from President-elect Joe Biden and focused on news a temporary slowdown of shipments of Pfizer's Covid-19 vaccine.
US banking giant Citigroup's revenues fell short of analysts' estimates in the last quarter of 2020.
London stocks closed in the red on Friday, as investors digested the latest UK GDP data, with US President-elect Joe Biden’s Covid relief package failing to lift markets amid growing worries about the pandemic and tightening restrictions.
Lidl narrowly beat Aldi as the cheapest supermarket in the UK of 2020 said Which?.
Russia said it will withdraw from a defence treaty that allows member states to make surveillance flights over each other’s territory.
The FTSE 100 ended the week 173. 55 points lower, closing on Friday at 6,735. 71.
Barclays downgraded Wood Group to ‘equalweight’ from ‘overweight’ on Friday and cut the price target to 330p from 370p following recent outperformance.
Hikma Pharmaceuticals said on Friday that it had temporarily paused the launch of its generic version of GlaxoSmithKline's asthma treatment, Advair Diskus.
London’s FTSE 250 was down 0. 8% at 20,603. 61 in afternoon trade on Friday.
BT: UBS downgrades to sell with a target price of 111p.
Pfizer will slow deliveries of its Covid-19 vaccine over the next three to four weeks in order to upgrade a key facility and boost production across the remainder of 2021.
River And Mercantile Group revealed on Friday that chief executive James Barham had acquired 10,000 ordinary shares in the London-listed management consulting company.
Industrial output in the US jumped past forecasts at the end of December with across the board gains in all sub-sectors.
Consumer confidence in the States only dipped at the turn of the year despite the ongoing novel coronavirus pandemic and poor political headlines, the results of a closely-followed survey revealed.
London’s FTSE 100 was down 1. 6% at 6,695. 52 in afternoon trade on Friday.
Wall Street stocks opened lower on Friday as several major US banks reported their latest quarterly earnings.
Exxon Mobil is reportedly being investigated by the US Securities and Exchange Commission after an employee filed a whistleblower complaint last autumn alleging the energy company overvalued its key asset in the Permian Basin.
US retail sales slipped even further in December amid renewed measures to curb the spread of Covid-19 weighed on spending at restaurants and led to lower levels of foot traffic in shopping malls.
Manufacturing activity in the New York jurisdiction unexpectedly deteriorated in January, according to a survey released on Friday.
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