Investors' attention over the coming week will be on the conflict in Ukraine as they try to gauge the medium-term fallout.
European shares rebounded strongly on Friday after a late Wall Street rally overnight and despite the unprovoked Russian invasion of Ukraine.
Europe close: Stocks bounce as investors analyse sanctions and amid reports of possible Ukraine-Russia talks
European shares rebounded strongly after a late Wall Street rally overnight that was fuelled by news that some of the heaviest possible sanctions against Moscow had not yet been adopted, no widening in the conflict and reports of possible talks between Moscow and Kiev.
Russian President Vladimir Putin is prepared to dispatch a delegation to Minsk for negotiations with their Ukrainian counterparts, following an overture in that regard from Ukrainian officials.
London stocks managed a positive finish on Friday, following heavy losses in the previous session on the back of Russia’s full-scale invasion of Ukraine.
The FTSE 100 ended the week 24. 16 points lower, closing at 7,489. 46 on Friday.
Irish food company Kerry Group was at the top of the buyers’ list on Friday, having disclosed a purchase worth more than £0. 33m.
Tintra updated the market on the sale of certain assets of its lottery administration business Prize Provision Services to Sterling Management Centre on Friday.
Logistics Development Group (LDG) announced a share buyback programme on Friday, to purchase and cancel up to 140,441,180 shares before 7 July 2023.
Mongolia-focussed oil company Petro Matad updated the market on its operations on Friday, reporting that at the Block XX exploitation area, it had advanced negotiations with operational service providers for the 2022 work programme, and secured some price reductions compared to the 2019 programme.
Embedded computer board company Concurrent Technologies announced the launch of a new plug-in card (PIC) on Friday.
RBC Capital Markets upgraded BP to 'outperform' from 'sector perform' on Friday and lifted its price target on the stock to 450. 0p from 430. 0p.
Durable goods orders in the US continued to grow at a very quick pace at the start of 2022.
Americans opened their wallets and spent freely at the start of the year despite a lack of further income growth.
US consumer confidence continued to languish near its weakest level in the past decade amid rising inflation, the results of a closely-followed survey revealed.
Wall Street stocks were mixed early on Friday after major indices staged a sharp reversal in the previous session following Russia's invasion of Ukraine.
London’s FTSE 250 was up 2. 8% at 20,820. 28 in afternoon trade on Friday.
London’s FTSE 100 was up 3. 1% at 7,429. 82 in afternoon trade on Friday.
SSE has reportedly has lined up banks to lead the sale of minority stakes in two electricity networks as it seeks funds for its green spending drive.
Analysts at Berenberg raised their target price on real estate investment trust Segro from 1,500. 0p to 1,560. 0p on Friday, stating the firm was now "justifying its premium rating".
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