The coming week's focus in financial markets will be on the Bank of England policy meeting on Thursday.
European shares started the final session of the week in downbeat mood as investors continued to fret over the US Federal Reserve adopting a hawkish tone on asset purchases.
The FTSE 100 ended the week 116. 59 points lower, closing at 7,017. 47 on Friday.
European shares closed weaker on Friday, as investors continued to fret over the US Federal Reserve's move towards a hawkish tone on asset purchases.
London stocks closed well into negative territory on Friday, weighed down by inflation concerns and disappointing retail sales data.
Liberum upgraded shares of fast fashion retailer Boohoo to 'buy' from 'hold' on Friday as it argued that the valuation deserves to recover.
HSBC said on Friday that it has agreed to sell its French retail bank to My Money Group in a deal that will lead to a pre-tax loss of around $2. 3bn.
A key Fed figure sees interest rate increases kicking off in the United States in late 2022, it was revealed on Friday, as the cadence of inflation increased faster than expected.
Safestyle revealed on Friday that chief executive Michael Gallacher had disposed of 258,500 ordinary shares in the AIM-listed windows and doors manufacturer.
London’s FTSE 250 was down 1% at 22,308. 96 in afternoon trade on Friday.
Wall Street stocks were in the red at the open on Friday, setting the Dow Jones on a course for its worst week since January as market participants continued to digest the Federal Reserve's latest policy update.
London’s FTSE 100 was down 1. 6% at 7,042. 44 in afternoon trade on Friday.
European start-ups raised €43. 8bn in investment in the first six months of 2021, breaking the record of €38. 5bn invested in all of 2020.
The UK’s chief data protection regulator, the Information Commissioner's Office, has warned over reckless and inappropriate use of live facial recognition (LFR) in public places as it could risk mass data collection.
US ecommerce group eBay and Norway’s Adevinta have secured regulatory approval for a tie-up of their global classified ads businesses.
Heating, cooling and transportation technology company Sabien announced the appointment of Dr Athan Fox as its chief scientific officer on Friday, effective immediately.
The European Council has recommended that non-essential travel bans be lifted from 14 countries, including the US, in a move that would permit citizens from the listed nations to vacation in Europe with more ease.
Car dealership Inchcape said on Friday that its full-year pre-tax profit is set to be "significantly ahead" of market consensus of £216m after a better-than-expected performance in the first half.
Analysts at Berenberg reiterated their 'hold' rating on software firm Blue Prism on Friday but cautioned that concerns around the stock just kept compounding.
HSBC upgraded its stance on low-cost carriers easyJet, Wizz Air and Ryanair on Friday, saying it is now more optimistic about the reopening of travel across Europe than it has been this year.
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