London's top-flight index carved out a new all-time high after it was reported that the US labor market created far more jobs at the start of 2023 than anyone had dared imagine.
Activity in the US services sector rebounded sharply at the beginning of the year, led by a surge in new orders, the results of a closely followed survey revealed.
London's FTSE 100 was up 0. 9% at 7,893. 62 in afternoon trade on Friday as investors mulled a much stronger than expected US non-farm payrolls report.
Deutsche Bank adjusted its ratings on a number of retailers on Friday, as it noted that the European general retail sector ended 2022 on a "surprisingly good" note.
Wall Street futures were in the red early on Friday as traders digested some key labour data.
Hiring in the US shot higher at the start of 2023.
FTSE 250: 20,546. 57, -0. 33% at 1400 GMT.
Mongolian exploration and production company Petro Matad slumped on Friday after raising $6m in a discounted placing and subscription.
Analysts at Barclays downgraded insurance firm IWG to 'equal weight' on Friday.
Wall Street futures were in the red ahead of the bell on Friday as traders look ahead to some key labour data.
The financial regulator blocked more than 8,500 adverts last year, as it looked to crack down on misleading promotions and social media influencers.
London stocks had ticked a little higher by midday on Friday as investors mulled the latest reading on the UK services sector and looked ahead to the release of the non-farm payrolls report.
European shares pared losses on Friday as the eurozone economy grew in January for the first time since June 2022 after sentiment had been dented at the open by softer earnings from US tech giants, while a surge in Zur Rose stock also provided a lift.
Aircraft leasing firm Avation said on Friday that interim revenues had fallen as the airline sector continues to recover from the Covid-19 pandemic.
Shares in Nanoco Group tumbled on Friday after the London-listed tech firm confirmed it had struck a $150m settlement with Samsung.
Uranium group Yellow Cake announced a placing of 15. 0m new ordinary shares with existing and new institutional investors at a fixed price of £4. 12 per share via an accelerated bookbuild.
The UK service sector continued to struggle last month, a closely-watched survey showed on Friday, as weaker demand pushed output to a two-year low.
The eurozone economy grew in January for the first time since June 2022, according to a survey released on Friday.
The cryptocurrency market falls once again. Bitcoin (BTC) has dropped more than 1. 5% in the last 24 hours and is below $23,500 after reaching over $24,000 previously. For its part, Ethereum (ETH) also falls, by 1. 8%, and tries to maintain the $1,600 level.
Ofcom said on Friday it was minded to back BT Group’s planned Openreach wholesale prices, arguing they were not anti-competitive.
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