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London close: Stocks tumble on Powell comments as GDP stagnates
London markets declined on Friday as investors reacted to hawkish remarks by Federal Reserve chair Jerome Powell made overnight.
Europe close: Stoxx 600 drops 1% on profit-taking ahead of weekend
European stocks finished Friday's session firmly lower as risk appetite was dampened ahead of the weekend.
Weekly review
The FTSE 100 ended the week down 57. 18 points, or 0. 77%, closing at 7,360. 55 on Friday.
Broker tips: Wizz Air, Smith & Nephew
Analysts at RBC Capital Markets lowered their target price on low-cost carrier Wizz Air from 3,400. 0p to 3,200. 0p on Friday following the group's interim results.
Director dealings: IQE CEO raises stake
IQE revealed on Friday that chief executive Americo Lemos had acquired 1. 36m ordinary shares in the AIM-listed compound semiconductor wafer products supplier.
US open: Stocks trade higher, look to shrug off yesterday's losses
Wall Street stocks were in the green early on Friday as market participants zeroed in on Treasury yields and comments from the central bank's chairman.
US consumer sentiment drops to six-month low
Consumer sentiment in the United States declined for the fourth straight month in November, according to a closely watched survey by the University of Michigan.
Babcock secures £750m contract with MoD
Defence company Babcock International said on Friday that it has signed a four-year £750m submarine maintenance contract with the UK Ministry of Defence's (MOD) Submarine Delivery Agency (SDA).
FTSE 100 movers: Diageo tumbles; defensives rise as risk appetite wanes
Diageo was the standout mover of the day on the FTSE 100, dropping over 14% after giving a disappointing update on its first-half performance; meanwhile, a decline in risk appetite hit mining stocks and lifted shares of defensive names in utilities and phamaceuticals.
FTSE 250 movers: Redrow, Wizz Air slump
London’s FTSE 250 was down 1. 3% at 17,808. 74 in afternoon trade on Friday.
High street sales push higher - BDO
UK retail sales pushed higher last week, industry data showed on Friday, as people stocked up for Halloween and Bonfire Night.
RBC Capital Markets lowers target price on Wizz Air
Analysts at RBC Capital Markets lowered their target price on low-cost carrier Wizz Air from 3,400. 0p to 3,200. 0p on Friday following the group's interim results.
US pre-open: Futures mixed as traders digest Powell comments
Wall Street futures were mixed ahead of the bell as market participants zeroed in on Treasury yields and comments from the central bank's chairman following what was an eight-day winning streak for the broader market.
Quilter clarifies political donation position after opposition from SA shareholders
Quilter updated the market on its annual general meeting on Friday after it noticed certain voting patterns emerging between its South African and UK-registered shareholders.
SigmaRoc makes progress on sustainability initiatives
Quarried materials specialist SigmaRoc updated the market on its sustainability initiatives on Friday, aligning with its goal to achieve net-zero emissions by 2040.
London midday: Stocks slump on Powell comments; UK GDP shows stagnation
London stocks had extended losses by midday on Friday following hawkish comments from Fed chair Jerome Powell, and as data showed the UK economy stagnated in the third quarter.
Bowleven reports $2m loss as it looks to shore up funding
Africa-focused oil and gas exploration group Bowleven reported a loss of $2m in its full-year results on Friday.
Europe midday: Powell's hawkish comments spark sell-off
European stocks declined by over 1% on Friday hawkish comments from the chair of the Federal Reserve spooked investors who have convinced themselves that more rate hikes are off the table.
Warpaint full-year results to beat market expectations
Cosmetics company Warpaint said on Friday that results for the year to the end of December are set to be ahead of market expectations following a continued strong performance.
Richemont flags softer demand, shares fall
Shares in Richemont fell on Friday, after the luxury group posted first-half profits below expectations and flagged weaker customer sentiment.