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Broker tips: Burberry, XP Power, NatWest
RBC Capital Markets cut its price target on Burberry to 1,700. 0p from 1,900. 0p on Friday after the luxury fashion brand's sales warning a day earlier.
Europe close: Stocks at two-month high on rate-cut hopes
European stocks finished the week on a high note, jumping over 1% on Friday as investors assessed what incoming economic data means for future monetary policy decisions.
London close: Stocks higher despite weaker retail sales data
London’s stock markets finished in a positive state on Friday despite weaker-than-expected UK retail sales figures.
Axel Springer pulls out of auction for Telegraph Media - report
Germany’s Axel Springer has reportedly pulled out of an auction to buy Telegraph Media Group after baulking at the price expectations for the UK publisher.
Director dealings: Inchcape director snaps up shares
Inchcape revealed on Friday that non-executive director Byron Grote had acquired 10,000 ordinary shares in the London-listed automotive distribution and retailer company,.
FCA censures NMC Health for understating debt
The Financial Conduct Authority said on Friday that it has censured failed hospital operator NMC Health for understating its debt by up to $4bn.
FTSE 250 movers: Aston Martin powers ahead
London’s FTSE 250 was 1. 1% higher in afternoon trade on Friday at 18,548. 41.
US open: Stocks little changed as inflation data remains in focus
Wall Street stocks were little changed at the opening bell as all three major averages remained on track to deliver weekly gains.
Sir Jim Ratcliffe mounting imminent offer Man Utd stake - report
Shares in Manchester United jumped on Wall Street on Friday morning on reports that Sir Jim Ratcliffe could buy a 25% stake in the football club some time next week.
Barclays exploring acquisition of Tesco Bank - report
Barclays has reportedly been exploring a potential acquisition of Tesco's banking operations.
Reabold ups stake in LNEnergy by 0.8pc
Oil and gas investor Reabold Resources announced its intention to enhance its stake in LNEnergy by 0. 8% on Friday.
US housing starts and building permits beat forecasts
US housing starts and building permits both came in better than market expectations for October, according to figures from the Census Bureau and Department of Housing and Urban Development.
FTSE 100 movers: NatWest boosted by upgrade; retailers retreat
London’s FTSE 100 was up 1. 2% at 7,498. 66 in afternoon trade on Friday.
Future Metals acquires Australian exploration business
Mining company Future Metals has exercised its option to acquire 100% of Australia-focussed exploration firm Osprey Minerals.
Parkmead reports strong uplift in full-year revenue
Parkmead reported a 22% improvement in revenue in its preliminary results on Friday, to £14. 77m.
Volvo tanks on Geely stake sale
Volvo Cars tanked on Friday after majority shareholder Zhejiang Geely Holding Group began selling around 100m shares in the car maker in a placing.
Jersey Oil agrees acquisition of Western Isles vessel
Jersey Oil & Gas announced a significant development in its operations in the UK Continental Shelf region of the North Sea on Friday.
H&T Group secures £10m funding facility
Pawnbroker and jewellery and watch retailer H&T Group has secured additional funding to facilitate its business growth, it announced on Friday.
Indivior announces $100m share buyback
Pharma group Indivior has announced a $100m share buyback to reduce its issued shared capital and return cash to shareholders.
London midday: Stocks extend gains as investors mull retail sales
London stocks had extended gains by midday on Friday as investors mulled weaker-than-expected UK retail sales figures.