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Direct Line faces £30m bill for overcharging customers
UK insurer Direct Line has agreed with regulators to review overcharging of existing motor and home policyholders in a move that could cost it £30m to fix.
US close: Markets rise after jobs data, but gains limited
US stock markets finished with small gains on Friday ahead of the long weekend after a crucial jobs report raised hopes that the Federal Reserve's current rate-raising cycle is finally over.
London close: Stocks close up as investors mull payrolls
London stocks ended up on Friday as investors bet that the latest US non-farm payrolls will prompt the Federal Reserve to pause on interest rates this month.
Weekly review
The FTSE 100 ended the week up 130. 91 points, or 1. 79%, closing at 7,464. 54 on Friday.
Europe close: Shares mixed as investors digest US payrolls
European stock markets closed with mixed results on Friday, despite varying manufacturing data, as investors weighed the implications of a crucial jobs report from the United States.
US manufacturing contracts for 10th straight month, but decline eases
Manufacturing activity in the US contracted for the 10th straight month in August, according to the Institute for Supply Management, though the decline eased more than expected.
US open: Stocks rise as jobs data cements expectations for a Fed pause
Wall Street stocks rose on Friday morning after a much-anticipated labour-market report showed an unexpected rise in US unemployment, raising hopes that the Federal Reserve will hold off from tightening monetary policy any further at its next meeting.
Payrolls rise more than expected, unemployment rate jumps
The US economy added more jobs than forecast in August but an unexpected jump in the unemployment rate, cooling wages and revisions to the previous months' data raised expectations the Federal Reserve will pause on rates this month.
FTSE 250 movers: Eurowag higher ahead of interims; Direct Line slumps
London’s FTSE 250 was down 0. 3% at 18,555. 17 in afternoon trade on Friday.
FTSE 100 movers: Johnson Matthey surges; Admiral in the red
London’s FTSE 100 was up 0. 3% at 7463. 32 in afternoon on Friday as investors mulled the latest US non-farm payrolls data.
Director dealings: Hiscox CEO invests; Coca-Cola HBC counsel exercises, sells options
Hiscox was among those on the list of director buys on Friday, after its chief executive officer added to his holding.
Totally warns shareholders of 'challenging' NHS environment
Healthcare contractor Totally said in an update on Friday that it was currently operating in a “challenging environment” due to the ongoing crisis in the NHS.
EnSilica signs $2.4m contract with existing customer
Application-specific integrated circuit (ASIC) producer EnSilica confirmed a new contract worth around $2. 4m on Friday, with a Europe-based existing customer.
Libertine warns of possibly falling short this year as projects conclude
Linear generator technology developer Libertine Holdings updated the market on its trading and operations on Friday, reporting that its grant-funded development project in collaboration with Mahle Powertrain and the Department for Business, Energy and Industrial Strategy (BEIS) had finished.
One Media iP renews music distribution partnership
Digital media content specialist One Media iP Group announced the renewal of its partnership with its music distribution company on Friday.
Kibo subsidiary MED extends joint venture agreement due date
Kibo Energy announced on Friday that its UK-based subsidiary Mast Energy Developments (MED) has extended the long-stop date for the completion of its first definitive and binding joint venture agreement (JVA).
Europe midday: Markets higher as eyes turn to US jobs report
European stock markets were mildly higher on Friday despite some mixed manufacturing data, as investors awaited a key jobs report from the US.
Shell sells home energy business in UK, Germany to Octopus Energy
Oil giant Shell said on Friday that it has agreed to sell its home energy business in the UK and Germany to Octopus Energy.
London midday: Stocks extend gains ahead of payrolls report
London stocks had extended gains by midday on Friday ahead of the latest non-farm payrolls release, as investors mulled better-than-expected Chinese manufacturing data, but uninspiring UK manufacturing and house price figures.
US pre-open: Modest gains expected ahead of all-important jobs report
US stocks were expected to put in modest gains on Friday as markets awaited key labour-market data that could show job creation slowed to its lowest level this year.