Full List Of Stories
FTSE 100 movers: Miners fall; Rentokil higher after Trian buys shares
London’s FTSE 100 was down 0. 3% at 8,284. 13 in afternoon trade on Friday.
UK govt cuts NatWest stake to just under 10%
The UK government has cut its stake in NatWest to just under 10%, taking the bank one step closer to private ownership.
Rentokil rallies as Trian buys £31m worth of shares
Rentokil Initial rallied on Friday after activist investor Nelson Peltz’s Trian Fund Management bought 7. 5m shares in the pest control company for £31m.
London midday: Stocks up as sterling hit by GDP data
London stocks were firmer by midday on Friday as sterling lost ground after data showed the UK economy unexpectedly contracted in October.
RBC Capital starts Greggs at ‘outperform’, says ‘buy the dip’
RBC Capital Markets recommended that investors "buy the dip" on Friday, as it initiated coverage of bakery chain Greggs with an ‘outperform’ rating and 3,240p price target.
Kosmos in 'very preliminary' talks over Tullow takeover
US-based Kosmos Energy has confirmed it is in "very preliminary" talks with Tullow Oil about a possible takeover of the oil and gas exploration company.
XXL to go ahead with rights issue as Frasers bid unlikely to succeed
Norwegian sportswear retailer XXL said on Friday that it would go ahead with a rights issue as a takeover offer from Mike Ashley’s Frasers Group’s was unlikely to succeed.
London open: Gains muted as UK economy contracts again
London stocks were in the black in early trade on Friday but gains were muted as data showed the UK economy unexpectedly contracted again in October.
UK economy unexpectedly contracts in October
The UK economy unexpectedly contracted in October, according to data released on Friday by the Office for National Statistics.
London pre-open: Stocks seen down as UK economy unexpectedly contracts
London stocks were set to fall at the open on Friday following weak sessions in the US and Asia, as data showed the UK economy unexpectedly contracted in October.
Friday newspaper round-up: Shein, clean power, farmers
Britain’s financial regulator is taking longer than usual to approve the fast-fashion retailer Shein’s stock market listing because it is checking its supply chain oversight and assessing legal risks after an advocacy group for China’s Uyghur population challenged the listing, according to two sources close to the matter. Britain’s Independent Anti-Slavery Commissioner, a monitoring body of the Home Office, has also raised concerns within government over a Shein initial public offering (IPO) because of allegations about labour practices at its suppliers.