Shares of Ted Baker surged on Friday after US private equity firm Sycamore Partners confirmed it is in the early stages of considering a possible cash offer for the London-listed fashion retailer.
Investors' attention over the coming week will continue to be fixated on the war in Ukraine, even though hopes that a ceasefire might be implemented relatively quickly appear to have been dampened.
European shares finished a tad higher on Friday even as Russia started shelling cities in western Ukraine and peace talks appeared to be making slow progress.
Financials did best out on the second-tier index as the domestically-focused benchmark notched up a second consecutive week of gains, finishing above where it stood the day before Russia's invasion of Ukraine.
London stocks managed to finish above the line on Friday, as investors digested reports of further Russian attacks on infrastructure in western Ukraine, near to the border with Poland.
The FTSE 100 ended the week 249. 06 points higher, closing at 7,404. 73 on Friday.
Berenberg upgraded IT infrastructure and services provider Softcat on Friday to 'buy' from 'hold' and reiterated its 1,900. 0p price target on the stock.
Home construction stocks were pacing gains on the stock market at the end of the week, benefitting from the tail-wind of the Bank of England's policy meeting the day before, which saw rate-setters temper their outlook for interest rates.
Existing home sales in the US undershot economists' forecasts last month due to "major challenge" posed by falling home affordability.
Wall Street trading got off to a mixed start on Friday as the S&P 500 looked set to try and extend its recent rally yet another day.
Wall Street futures were in the red ahead of the bell on Friday following the S&P 500's three-day rally.
Software company Essensys featured at the top of the list of buyers on Friday, after it disclosed a series of purchases that took its CEO’s interest in the company to almost 31%.
Asiamet Resources announced the appointment of Darryn McClelland as its chief executive officer on Friday.
Content and data company Mobile Streams has exercised its option to acquire the remaining 51% of KrunchData, it announced on Friday, on the terms it announced in March last year.
Portugal and Spain-focussed tungsten, tin and gold miner W Resources said on Friday that, following its maintenance shutdown, production at the La Parrilla mine in Spain had now restarted.
Alternative capital provider Duke Royalty announced a follow-on investment of CAD 10. 3m (£6. 2m) into existing royalty partner Creō-Tech Industrial Group on Friday.
Cellular agriculture investor Agronomics has joined the Alternative Proteins Association (APA) as a founding member, it announced on Friday, following the association’s launch at the Houses of Parliament on 15 March.
Copper-gold explorer and developer Bezant said on Friday that the Philippines Mines and Geosciences Bureau has renewed Crescent Mining Development Corporation's mineral production sharing agreement for a second 25-year term, with effect from 12 November 2021.
South Africa and Ghana-focussed gold producer Goldplat reported an “excellent result” in its first half on Friday, with operating profit rising 28% year-on-year to £3. 33m.
Stockbroker Cenkos Securities reported an 19% improvement in revenue in its annual results on Friday, to £37. 2m, as the board lifted the final dividend by more than a fifth.
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