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London close: Stocks mixed, NatWest drags banks lower
London’s financial markets put in a mixed performance on Friday as investors reacted to crucial US inflation data and NatWest’s disappointing financial results.
Weekly review
The FTSE 100 ended the week down 110. 86 points, or 1. 5%, closing at 7,291. 28 on Friday.
Europe close: Investors take profits as corporate earnings disappoint
After a tentative start, European stocks sunk into the red by the close as weak corporate earnings dragged share prices of blue chips across the continent lower.
Broker tips: Reckitt, Trainline
Analysts at Berenberg downgraded personal care group Reckitt on Friday from 'buy' to 'hold', saying it was now "difficult to identify a catalyst".
Director dealings: Seeing Machines chair ups stake
Seeing Machines revealed on Friday that Dunford Super Fund had acquired 300,000 ordinary shares in the AIM-listed computer vision technology company.
US open: Stocks mixed after PCE data, Amazon helps Nasdaq rebound
US stock markets opened mixed on Friday as the Nasdaq bounced back after some heavy falls while other indices searched for direction in the wake of key inflation data.
JPMorgan CEO Dimon planning first ever stake sale
The chief executive of JPMorgan is planning to sell 1m shares in the bank next year.
FTSE 250 movers: Trainline boosted by upgrade; airlines retreat
London’s FTSE 250 was up 0. 5% at 16,873. 46 in afternoon trade on Friday.
Chevron shares dive as Q3 profits drop 42%
Shares in Chevron dived on Friday after the US oil and gas giant missed expectations with third-quarter profits, as the bottom line shrunk by 42% year-on-year.
Fed’s preferred inflation gauge eases in September
The US Federal Reserve’s preferred inflation gauge eased in September, according to figures released on Friday by the Commerce Department.
ExxonMobil Q3 profits fall from record highs
Natural gas giant ExxonMobil saw profits fall in the three months ended 30 September but still opted to raise its interim dividend amid heightened crude prices.
Beowulf's Grafintec seeing opportunities in China export ban
Beowulf Mining updated the market on its graphite strategy on Friday as it looked to capitalise on a new, restrictive regulatory move from China.
Kodal Minerals agrees financing package with Hainan Mining
Lithium and gold-focussed explorer and developer Kodal Minerals announced significant progress in its funding arrangement on Friday, reaching an agreement for a package with Hainan Mining and its UK-based subsidiary Xinmao Investment that was first announced on 19 January.
Arc Minerals completes joint venture deal with Anglo American
Arc Minerals announced the fulfilment of substantive regulatory conditions related to its joint venture agreement with a subsidiary of Anglo American on Friday.
FTSE 100 movers: Rentokil recovers; NatWest tumbles
London’s FTSE 100 was down 0. 1% at 7,348. 19 in afternoon trade on Friday.
JPMorgan upgrades Trainline to 'overweight'
Trainline surged on Friday as JPMorgan Cazenove lifted the shares to ‘overweight’ from ‘neutral’ and upped the price target to 300p from 295p, pointing in part to an attractive valuation.
Canaccord Genuity reiterates 'buy' rating on Trainline ahead of interims
Analysts at Canaccord Genuity reiterated their 'buy' rating on online ticket retailer Trainline on Friday ahead of the group's interim results on 2 November.
Christie & Co appointed to market 29 caravan parks and properties
Christie Group announced on Friday that its agency and advisory business, Christie & Co, has been appointed by the administrators for several companies linked to RoyaleLife Group to market 29 residential caravan parks and properties.
Arcontech inks significant deal with tier-one bank client
Arcontech announced a significant deal with an unnamed tier-one bank client for its CityVision platform on Friday.
UAE lender to support Barclays family with £1bn bid for Telegraph - report
First Abu Dhabi Bank, the largest bank in the United Arab Emirates, is rumoured to be the backer of the Barclays family's £1bn bid for The Telegraph.