Weekly review

The FTSE 100 ended the week up 40.52 points to 6,375.15.

Equity view

HSBC will shut down its private banking business in India by March of next year with staff moved to the retail bank.

Anglo American tumbled as it announced the closure of its Drayton coal mine in Australia next year after the New South Wales Planning and Assessment Commission recommended that the government block an expansion of the mine

Mining giant Rio Tinto has approved the $1.9bn expansion of its high-quality Amrun bauxite project in Queensland's Cape York Peninsula to meet Chinese demand, with much of the capital expenditure scheduled for 2017 and 2018 and first delivery from 2019.

Lloyds Banking Group said Thursday it plans to cut up to 1,000 jobs across its operations as part of a restructuring it announced a year ago.

BHP Billiton has hit back at claims that waste from the tailings burst at the Samarco mine in Brazil is toxic.

The Financial Conduct Authority has fined Barclays Bank £72.1m for the poor handling of financial crime risks.

Wood Group has won a $90m contract, beginning immediately, to provide project management and front-end engineering design for an onshore facility in Iraq and future projects.

Tesco has paid $12m to settle one of two class action lawsuits brought by disgruntled US investors who sued over the overstatement of the grocer's 2014 first-half profits.

Daily Mail & General Trust has sold its online discount business, Wowcher, to a newly formed company controlled by Exponent Private Equity, in which it holds a stake of around 30%. The company also revealed its newly announced rolling share buy-back and robust final results were not enough to offset its gloomy guidance for the new financial year.

Pharmaceutical firm Shire was about to make a fresh takeover bid for US biotechnology business Baxalta, it was reported on Tuesday night.

The chief executive of UK Mail Group for the last decade, Guy Buswell, has been given the axe as the company struggles with the transition to its new high-tec parcel sorting hub.

After a five-year holiday, Thomas Cook reported its first annual profit after tax since 2010 and said it had got off to a positive start to the next year as well.

Specialists technologies provider Cobham has completed the sale of its composites businesses to engineering group Meggitt for $200m (£132.5m).

Drinks company Britvic reported an 11% rise in pre-tax profit for the year despite a small fall in revenue and said it expects to grow profit in 2016 even though the year has got off to a slow start.

Betfair's revenue and profit are ahead of expectations in the first half of the year, despite being compared to a FIFA World Cup year.

Income investor favourite United Utilities upped its interim dividend by a quarter of a penny at the end of a half-year period where profits were crunched by new regulatory price controls.

Kingfisher reported increased like-for-like sales in the third quarter of 2.6%, though total sales of £2.7bn were down 2.5% due to currency effects as a strong UK performance was undermined by continued softer trading in France.

Ladbrokes shareholders have approved the FTSE 250 bookmaker's planned merger with Gala Coral.

Babcock International Group has seen 12% growth in underlying revenue for the first half of the year, due to strong growth in its support services division.

Budget airline easyJet has confirmed it will cancel all flights to and from Sharm El Sheikh until 6 January

Rolls-Royce Holdings says a "major restructuring" is on the cards as it unveils the results of new-CEO Warren East's operational review.

Economic news

London registered the greatest increase in average property value over the last 12 months in October, data released on Friday showed.

UK house prices growth slowed by more than expected in November to record the smallest rise since June, according to research by the Nationwide building society

UK consumer confidence declined to a six-month low in November, according to data published from research company GfK. The consumer sentiment index declined from 2 points to 1 in October, the lowest level since May and falling short of analysts’ expectations for an unchanged reading.

UK house prices growth slowed by more than expected in November to record the smallest rise since June, according to research by the Nationwide building society. The Nationwide house price index rose 0.1% in November compared to the previous month, down from the 0.6% monthly rise recorded in October, and lower than the consensus forecast for a 0.50% increase.

The second estimate of third quarter UK gross domestic product from the Office for National Statistics had little effect on the market, with an annualised unrevised growth of 2.3% in October, as expected by analyst. The quarter-on-quarter comparison was also unrevised at 0.5% growth in the three months to September, down from 0.7% in the second quarter.

In his autumn statement to parliament on Wednesday, Chancellor George Osborne said he would continue to reduce the deficit, increase spending and make a big U-turn on tax credits, thanks to improved growth and tax forecasts.

The number of people who purchased a house in London for the first time rose sharply in the third quarter, figures released on Wednesday showed. According to the Council of Mortgage Lenders, first-time buyer loans in London

Gross mortgage borrowing reached its highest level in over seven years in October, figures released on Wednesday showed.

The Bank of England's chief economist Andy Haldane has warned that monetary policy may need to be eased rather than tightened in the short term.

Retail sales in the year to November slowed again, while orders fell for the first time since April, according to a survey from the Confederation of British Industry.

International events

US durable good orders rose more than analysts' expected in October, the Commerce Department revealed.

Sales of new single-family detached homes surged past expectations in October, official data published on Wednesday showed.

The US services sector expanded at the fastest pace in seven months in November, a widely followed survey showed on Wednesday.

US consumers were slightly more confident than expected in November, data released on Wednesday showed.

US consumer spending rose slowly in October, data released on Wednesday showed.

Russian President Vladimir Putin has said Turkey shooting down a Russian fighter jet on Tuesday is a "stab in the back", RT reported.

The European Union will extend economic sanction against Russia for another six months, in spite of Russian president Vladmir Putin's newly cooperative stance in the fight against Isis.

US economic growth was revised higher in the third quarter in line with analysts' expectations, the Commerce Department revealed on Tuesday

Japanese data showed an unexpected fall in the jobless rate to 3.1% in October from 3.4% the previous month, while the consumer price index rose to 0.3% year-on-year last month from 0%, as anticipated by analysts. However, CPI fell 0.1% year-on-year, as predicted, when stripping out volatile food prices.

Japan’s household spending dropped 2.4% in October, compared to forecasts of 0% and September’s 0.4% decrease.

Greece has been granted the next tranche of its bailout package, the head of the Eurozone finance ministers announced this weekend.