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Telford Homes climbs as Canaccord Genuity bumps it to 'buy'
Canaccord Genuity upgraded Telford Homes to ‘buy’ from ‘hold’ and raised its price target to 360p from 330p.
French president Francois Hollande will not stand for re-election
François Hollande will not stand for re-election as France’s president next year, the first since the Second World War not to contest a second term.
Trump names former Iraq and Afghanistan general Mattis as defence secretary
US president-elect Donald Trump is continuing to form his administration for when he takes over from Barack Obama on 20 January of next year, naming former marine James Mattis, known as "Mad Dog", as his defence secretary.
UK construction PMI unexpectedly rises in November
The UK construction sector expanded further in November with business activity and new orders increasing at the strongest pace in eight months.
Lib Dems win Richmond by-election on pro-Europe ticket
The Liberal Democrats dumbfounded Zac Goldsmith by overturning his 23,000 majority to win the Richmond Park by-election, in a rebuke to the government's stance on Brexit.
Credit Suisse cuts UK equities to 'underweight', adds to Europe 'overweight'
Credit Suisse downgraded UK equities to ‘underweight’ from ‘benchmark’ in its latest global equity strategy note.
HSBC sees 'no' vote in Italy referendum, Renzi to stay and no early elections
Markets appear to be positioned for a ‘no’ vote in Italy’s referendum on constitutional reform on Sunday, HSBC said, with banks there underperforming their European peers by 9% and the European stock market by 11% over the past month.
Numis upgrades Berkeley to 'buy' from 'add' after first half earnings
Berkeley Group’s shares rose on Friday as Numis raised its rating on the property developer to ‘buy’ from ‘add’ and reiterated a target price of 3,844p following better-than-expected first half results.
Berkeley Group exceeds estimates with rise in first half earnings
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.
EasyJet flies lower on RBC Capital downgrade
EasyJet flew lower on Friday as RBC Capital Markets cut its stance on the stock to ‘underperform’ from ‘sector perform’.
Europe open: Stocks drop ahead of Italy referendum; investors eye payrolls
European stocks fell in early trade as the oil rally stalled, with investors growing cautious ahead of this weekend’s referendum in Italy, as they looked ahead to the release of the nonfarm payrolls report later in the day.
London open: Stocks open lower ahead of US non-farm payrolls
London stocks opened in the red on Friday as traders looked ahead to the afternoon’s US non-farm payrolls report.
Laird to raise £185m through a rights issue, scraps final dividend
Electronics company Laird is to raise £185m through a rights issue and scrap its final dividend in a bid to strengthen its financial position.
Allied Minds raises £64m to fund further investment in tech
Science and technology investor Allied Minds has raised £64m ($81m) in an equity placing to increase investment in its portfolio of businesses and fund a pipeline of emerging technologies.
Japan approves GSK's bronchitis and emphysema drug
The Japanese government has approved GlaxoSmithKilne and Nasdaq-listed Innoviva’s drug which treats chronic bronchitis and pulmonary emphysema.
QinetiQ secures £1bn LTPA contract amendment
Qinetiq has been awarded a £1bn amendment to the Long Term Partnering Agreement from the UK Ministry of Defence to deliver modern air ranges and test aircrew training, enabling military capability for the future.
London pre-open: FTSE to open lower ahead of US non-farm payrolls report
The FTSE 100 is expected to open 44 points lower to 6,708 as investors cautiously await the US non-farm payrolls report.
G4S agrees disposal of Israeli arm
G4S has agreed to sell its Israeli arm, G4S Israel, to private equity firm FIMI Opportunity Funds for an estimated net consideration of 425 million new Israeli Sheqel (£88m) in cash.
Berkeley earnings better than expected, GSK's Relvar Ellipta approved for COPD in Japan
London’s FTSE 100 was called to open 44 points lower at 6,708.
Friday newspaper round-up: Nissan, Brexit, landlords
The British government has rejected a Freedom of Information request to release a letter from Greg Clark, the business secretary, that encouraged the Japanese carmaker Nissan to invest in its factory in Sunderland despite the uncertainty over Brexit. The Department for Business, Energy and Industrial Strategy (BEIS) said it would consider where there is a “public interest” in making the letter public but said it rejected the request because the details are commercially sensitive.