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Europe close: Stocks ended on the back foot as jitters rise over Italian referendum
European stocks closed in the red as excitement over the OPEC deal tapered off and nerves grew ahead of the upcoming Italian referendum, together with a mixed US non farm payrolls report.
London close: Investors opt for caution ahead of Italian referendum
London stocks slipped at the end of the week after a weak monthly US non-farm payrolls report and as investors sought out the safety of government bonds ahead of the coming weekend´s Constitutional referendum in Italy.
Small cap round up
AIM-listed Elektron Technology has sold its rubber instrument manufacturing business to C&M Project for £300,000. The company sold Wallace, a manufacturer of rubber testing instruments, as part of its strategy of a “rationalisation of its portfolio” as it focuses its Connectivity, IMC (Instrumentations, Monitoring and Control) and Checkit businesses, while the funds from the sale will be used as working capital.
Over one million EU citizens face deportation risk as residency applications rocket
European citizens residing in Britain are waiting anxiously to find out whether they will be deported from the region after Brexit as they are unable to prove their right to residence.
Formula One champion Nico Rosberg announces shock retirement from sport
Nico Rosberg has announced his unexpected retirement from Formula One only five days after reaching the pinnacle of the sport by winning the World Championship.
Directors dealings: Investec´s finance chief cuts stake
Investec´s finance chief and risk director Glynn Burger sold a big slice of shares in the specialist bank and asset manager which he helps to run.
Sector movers: Interest-rate sensitive electricity stocks pace gains
Interest rate-sensitive issues were on the front foot amid a sharp drop in government bond yields following the release of a mixed report on the state of the US jobs market in November.
FTSE 250 movers: Berkeley gains on results; Restaurant Group goes stale
The FTSE 250 index was down 0. 33% to 17,438. 99 in late afternoon trade.
Results round-up
Property developer Berkeley Group reported a better-than-expected increase in first half earnings and revenue on Friday, boosted by continued strength in the London market.
US open: Stocks mostly higher as non-farm payrolls rise
US stocks were mostly higher as data revealed that unemployment fell to its lowest level in nine years, with the Federal Reserve on course for an expected rate hike in a fortnight.
FTSE 100 movers: Property stocks rally but miners slip
London’s FTSE 100 was down 0. 2% to 6,736. 59 in afternoon trade.
Bank of England's chief economist sounds cautious note on interest rates
Bank of England chief economist Andrew Haldane on Friday sounded a cautious note on interest rates.
Week ahead: All eyes on Austrian elections, Italy referendum
All eyes will be on the political landscape over on the Continent, how markets react to the outcome of the Italian referendum on Constitutional reform and Austria´s presidential elections and, if necessary, whether and how the European Central Bank is forced to step in.
Pandora Media surges on report it's open to talks with SiriusXM
Shares in online streaming service Pandora Media surged on Friday following a report the company is now open to selling itself.
US non-farm payrolls increase by 178,000 in November
Employment conditions in the States continued to improve at a steady clip in November, although upwards wage pressures were more restrained than in the previous month.
Paris and Madrid among cities to ban use of diesel cars by 2025
Leaders of four major cities have indicated they are ready to ban diesel vehicles by the year 2025, in an attempt to clean the air in many urban centres.
Prospex Oil and Gas drilling plan approved
Prospex Oil and Gas, an AIM listed investment company, has announced that it has received approval for its well drilling plan by the Polish Mining Authority.
Friday broker round-up
John Menzies: Berenberg starts coverage at buy with a target price of 660p.
Southern Rail passengers to be paid compensation for disruptions
Southern Rail are compensating over 84,000 passengers for the disruptions caused by the Network Rail track failures, engineering works, unacceptable poor performance and the actions of the Rail, Maritime and Transport Workers (RMT) union.