Investors' focus over the coming week will continue to be on the US, where several key economic reports will be reported throughout the week and a multitude of Federal Reserve officials are scheduled to take to the podium.
London stocks closed above the waterline on Friday after a better-than-expected UK GDP reading, as investors sifted through a number of key earnings from across the pond.
The FTSE 100 ended the week up 144. 58 points, or 1. 88%, closing at 7,844. 07 on Friday.
Premier Miton reported closing assets under management of £11. 1bn at the end of its first quarter on Friday, up from £10. 6bn quarter-on-quarter.
European shares were higher on Friday as investors were cheered by US inflation undershooting estimates and the UK and German economies put in better-than-expected performance, suggesting that recessions may not be as steep as first feared.
Portable oxygen concentrator developer Belluscura described “considerable progress” in a trading update on Friday, reporting that since the launch of its first-generation ‘X-PLOR’ in September 2021, it was now distributing throughout the United States through multiple sales channels.
Caledonia Mining reported record annual gold production in an update on Friday, of 80,775 ounces, exceeding the top end of its guidance and achieving its long-standing production target.
Big Pharma and Banks paced gains in the stock market at the end of the week with investors apparently opting to go global, pushing the FTSE 100 nearer to its record highs in the process.
BlackRock reported an 18% fall in its fourth-quarter adjusted profits on Friday, to $1. 36bn, as weakening economic sentiment put a lid on its fee income.
Analysts at Berenberg resumed coverage on used car dealers Pendragon at 'buy' on Friday after suspending its coverage on the stock back in September, stating the firm was now "back to business".
American coal miner Bens Creek Group announced on Friday that it has signed an amendment to the agreement with its highwall mining contractor Mega Highwall Mining, to confirm the provision and delivery of a second highwall miner - unit 77 - by the end of January.
Xtract Resources revealed on Friday that chairman Colin Bird had acquired 1. 0m ordinary shares in the AIM-listed mining company.
Celadon Pharmaceuticals updated the market on the arrival of its new finance chief on Friday.
Taylor Wimpey said on Friday that full-year operating profit was set to be in line with market views and that it was looking to cut costs, as it cautioned that sales remain "significantly" below the third quarter of last year amid rising mortgage rates and ongoing market uncertainty.
US central bank survey data published the day before suggested that wage growth decelerated "notably" at the end of 2022.
Ncondezi Energy updated the market on its 300MW solar photovoltaic (PV) and battery energy storage system (BESS) project’s transmission integration study on Friday, reporting that the study to connect the solar project into the grid had been approved by Electricidade de Moçambique (EDM).
Consumer confidence in the US improved for a second month from a low base at the start of 2023, the results of a closely followed survey revealed.
Corporate and consumer loyalty and redemption specialist Appreciate Group said in an update on Friday that trading in its third quarter was “as expected”, reflecting its normal pattern of seasonality.
Applied Graphene Materials updated the market on its ongoing strategic review on Friday, reporting that alongside financial adviser Alvarez & Marsal Europe, it was continuing discussions with various parties that had submitted non-binding indicative proposals for either the sale of its trade and assets, or of shares in its main operating subsidiary.
FTSE 250: 19,924. 89, up 0. 42% at 1507 GMT.
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