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Week ahead: French EDP, BoE in focus
All eyes over the coming week are likely to remain on France and the newsflow ahead of the first round of voting in parliamentary elections at the end of June.
Europe close: Stocks slump again
European equities slumped further into the red on Friday, continuing a miserable week, with French and Italian stocks weaker again on worries over upcoming snap elections in France and the implications for government debt burdens.
US consumer confidence little changed in June, University of Michigan says
US consumer confidence was little changed come June despite high prices, the preliminary results of a closely followed survey revealed.
Weekly review
The FTSE 100 ended the week down 98. 51 points, or 1. 19%, closing at 8,146. 86 on Friday.
Broker tips: Halma, Genuit
Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,295. 0p to 2,450. 0p on Friday following the group’s full-year earnings report a day earlier.
Ardian, Saudi fund to buy 37.6% stake in Heathrow
Ferrovial - Heathrow’s largest shareholder - said on Friday that it has agreed to sell a 37. 6% stake in the London airport to the Saudi Public Investment Fund and French private equity firm Ardian for just under £3. 3bn.
London close: Stocks fall amid French political concerns
London stocks were still in the red by the close on Friday, mirroring a broader European selloff driven by political uncertainty in France.
Director dealings: Netscientific director ups stake
Netscientifc revealed on Friday that executive director Ed Hooper had acquired 20,000 ordinary shares in the AIM-listed life sciences VC group.
FTSE 100 movers: BT Group rallies again; Burberry slumps
London’s FTSE 100 was down 0. 4% at 8,129. 32 in afternoon trade on Friday.
US open: Stocks head south in early trading
Wall Street stocks were in the red early on Friday but both the S&P 500 and Nasdaq Composite were still tracking towards a winning week.
FTSE 250 movers: Crest Nicholson surges as it rebuffs Bellway bid
FTSE 250 (MCX) 20,148. 20 -0. 24%.
Bradda Head reports promising results from Basin Project drilling
North America-focussed Bradda Head Lithium reported promising geochemical results from its drilling programme at the Basin Project in Arizona on Friday.
US import prices stage unexpected May drop
The cost of goods purchased overseas by the US declined unexpectedly in May.
Aptamer enters partnership with Microsaic Systems
Aptamer Group announced a partnership with Microsaic Systems on Friday, to develop a panel of Optimer binders for integration into Microsaic's water testing system.
CMA clears Pennon's Sutton & East Surrey Water and South West merger
Water utility company Pennon has received the green light from the UK's competition watchdog for the proposed merger of Sutton & East Surrey Water and South West.
UK consumers expect inflation to keep falling - BoE
Expectations for inflation have fallen to a three-year low across the UK public, a Bank of England survey showed on Friday.
EU trade balance shifts into surplus
The Eurozone trade balance moved into surplus in April, official data showed on Friday, although the amount came in below market expectations.
US pre-open: Futures point to losses following surprise wholesale inflation reading
Wall Street futures were in the red ahead of the bell on Friday but both the S&P 500 and Nasdaq Composite were still tracking towards a winning week.
London midday: FTSE falls as French political uncertainty dents sentiment
London stocks had fallen into the red by midday on Friday amid a much steeper selloff in Europe, as French political uncertainty weighed on sentiment.
Europe open: Shares rally, but France lower again on poll fears
European equities staged a slight rally at the open on Friday after a sell-off in the previous session. although French stocks were weaker again, fuelled by worries over the country’s upcoming snap election.