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Week ahead: Fed, BoE, ECB and China data in the spotlight
Investors will be monitoring interest rate decisions from the US Federal Reserve, Bank of England and European Central Bank over the coming week, alongside a slew of economic data.
London close: Stocks weaker as US inflation surges to 39-year high
London stocks finished back in negative territory on Friday, as investors pored over inflation figures from across the pond that pointed to the fastest rise in consumer prices for 39 years.
Weekly review
The FTSE 100 ended the week 169. 46 points higher, closing at 7,291. 78 on Friday.
MD Medical opens its first standalone medical lab in Moscow
Russian private healthcare provider MD Medical Group announced the opening of its first lab for the collection of analyses on Friday.
Broker tips: AstraZeneca, Crest Nicholson, TruFin
Analysts at Berenberg slightly lowered their target price on drugmaker AstraZeneca from 105. 0p to 100. 0p on Friday but said they were "optimistic" about the firm's pipeline destiny.
Southern Energy preparing for rig to arrive at Gwinville
US-focussed natural gas producer Southern Energy updated the market on its drilling and operations on Friday, reporting that its operating subsidiary had contracted Energy Drilling Company's Rig #15 for the upcoming programme at the Gwinville asset in central Mississippi.
Director dealings: Victorian Plumbing CEO, director spend large on more shares
Victorian Plumbing chief executive officer Mark Radcliffe splashed out £2. 9m on shares in the company, it reported on Friday, to take his shareholding to 46. 7%.
FTSE 250 movers: FirstGroup recovers; Ashmore hit by downgrade
London’s FTSE 250 was down 0. 8% at 22,971. 34 in afternoon trade on Friday.
Starcrest Education backs out of acquisition of National Training Company
Shares in Starcrest Education resumed trading on Friday, after the company confirmed the cancellation of its intended acquisition of National Training Company (NTC), which it initially announced on 6 August.
U.Michigan consumer confidence index points to emerginng wage-price spiral
American consumers' confidence was little changed at the start of December, but there were signs of a potential wage-price spiral taking form, the results of a closely-followed survey revealed.
Photo-Me revenue to be 'slightly ahead' of expectations
Photo booth operator and service provider Photo-Me International said in an update on Friday that its better-than-expected trading momentum in May, June and July continued into its fourth quarter, driven by a continued recovery in photo booth activity and a “strong” performance in laundry.
Omega challenges government on repayment after Covid test contract failure
Omega Diagnostics updated the market on its contract with the UK Department of Health and Social Care (DHSC) to provide manufacturing capacity for Covid-19 lateral flow antigen tests on Friday, indicating it was in disagreement with the government on an alleged repayment requirement.
FTSE 100 movers: Housebuilders rally on broker note; AstraZeneca falls
London’s FTSE 100 was down 0. 2% at 7,309. 15 in afternoon trade on Friday as investors mulled UK GDP and US inflation data.
US open: Stocks trade higher following CPI reading
Wall Street stocks were in the green early on Friday as investors digested key inflation data.
US inflation hits 39-year high in November
US inflation surged to a 39-year high in November amid supply constraints, according to figures released on Friday by the Labor Department.
Berenberg slightly lowers target price on AstraZeneca
Analysts at Berenberg slightly lowered their target price on drugmaker AstraZeneca from 105. 0p to 100. 0p on Friday but said they were "optimistic" about the firm's pipeline destiny.
Getty Images to go public again in $4.8bn Spac deal
Visual content creator Getty Images said on Friday that it will become a publicly-listed company again in a $4. 8bn Spac merger with CC Capital and Neuberger Berman.
US pre-open: Futures point to positive session as investors await CPI reading
Wall Street futures were in the green ahead of the bell on Friday as investors awaited some key inflation data due out later in the day.
London midday: FTSE flat as sterling drops on GDP data
London stocks had pared earlier small losses to trade flat by midday on Friday, while sterling was weaker as investors digested disappointing UK growth figures.
New Insig AI commercial chief Colm McVeigh appointed to board
Insig AI announced on Friday that its chief commercial officer Colm McVeigh has been appointed to its board of directors.
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