European shares ended higher on Friday, having started the day in the green after a late rally on Wall Street overnight.
London stocks ended flat on Friday, unable to hold on to earlier gains despite reassuring comments from a Fed official and encouraging Chinese and UK data.
Berenberg downgraded Hunting on Friday to ‘hold’ from ‘buy’ as it said the risk/reward is less attractive after a strong share price performance.
The FTSE 100 ended the week up 0. 87%, or 68. 45 points, closing at 7,947. 11 on Friday.
Barclays informed its staff on Friday that its chief executive officer, CS Venkatakrishnan, had completed treatment for non-Hodgkin lymphoma.
The Institute for Supply Management's non-manufacturing PMI came to 55. 1 in February, broadly flat month-on-month but ahead of expectations for a reading of 54. 5.
Vistry has reportedly told hundreds of employees they may lose their jobs as the housebuilder cuts costs in the midst of a housing slump.
London’s FTSE 100 was flat at 7,940. 44 in afternoon trade on Friday.
Volkswagen shares surged on Friday after the company forecast a sharp rise in 2023 sales.
Wall Street stocks were in the green early on Friday as traders digested some key data points.
Oil prices slid on Friday following a report that the United Arab Emirates is considering leaving the Opec cartel of oil producing countries.
FTSE 250: 19,919. 57, +0. 34% at 1430 GMT.
Jefferies upgraded PPHE Hotel Group on Friday to ‘buy’ from ‘hold’ and lifted the price target to 1,600p from 1,300p as it pointed to a valuation disconnect.
Buyout firm Providence Equity Partners is reportedly hatching plans to bid for the events arm of Ascential as it looks to bolt it together with rival Hyve, for which it has made a £306m takeover approach.
Mercantile Ports & Logistics announced on Friday that its subsidiary, Karanja Terminal & Logistics (KTPL), has signed a three-year agreement with Rudra Marine Services (RMS) for handling various liquid commodities at the company's facility at Karanja.
Alternative capital provider Duke Royalty said in an update on Friday that it was expecting to achieve recurring cash revenue of £5. 7m in the fourth quarter of the 2023 financial year.
Analysts at Canaccord Genuity slapped artificial intelligence firm Windward with a 'buy' rating and 115. 0p target price on Friday after having previously placed the stock under review.
Arrow Exploration announced the successful completion of the Rio Cravo Este-3 well on Friday, an appraisal and development well on the Tapir Block in the Llanos Basin of Colombia.
UK-based lithium-ion and sodium-ion battery cell developer and manufacturer Amte Power announced the delivery of its first ‘Ultra Prime’ cells to its customer for testing on Friday.
Energy storage specialist Invinity has entered into a prepayment agreement to repay the outstanding amount of a convertible loan facility with RiverFort Global Opportunities PCC and YA II PN, it announced on Friday.
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