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UK's Starmer appoints Cabinet; Reeves becomes Finance Minister
New British Prime Minister Keir Starmer swiftly appointed the members of his Cabinet after crushing the Conservative Party in Thursday’s General Election.
Week ahead: French elections, US CPI in focus
All eyes over the coming week will be on the results of the second round of voting in the French elections, their likely implications and outlook for France's economy.
Europe close: Stocks end mostly lower ahead of second round of French elections
European shares were mostly lower with the UK Labour Party's landslide election victory well-received.
Broker tips: Softcat, Close Brothers, GSK
Analysts at Jefferies downgraded IT infrastructure provider Softcat to 'underperform' on Friday, citing "incremental caution" around the IT services sector.
Weekly review
The FTSE 100 ended the week up 39. 81 points, or 0. 49%, closing at 8,203. 93 points on Friday.
London close: Stocks mixed as PM Starmer names his Cabinet
London’s stock markets ended the week on a mixed note on Friday, after a subdued response to Labour's general election victory, although housebuilders and the more domestically-focussed FTSE 250 made gains.
Bitcoin drops as Mt.Gox starts reimbursing victims of 2014 hack
Bitcoin prices were attempting to clamber back following a sharp drop overnight after Mt. Gox began repaying some of the investors whose accounts were hacked in 2014.
Crest Nicholson 'not currently minded' to engage with Avant Homes after merger proposal
Crest Nicholson said on Friday that it had received "unsolicited, preliminary, indicative proposals" from Avant Homes about a potential all-share combination but that it was "not currently minded" to engage in discussions with the rival housebuilder.
FTSE 100 movers: Housebuilders rally on Labour win; Lloyds boosted by upgrade
London’s FTSE 100 was down 0. 6% at 8,190. 25 in afternoon trade on Friday.
US open: Stocks mixed as nonfarm payrolls beat consensus
Wall Street stocks were little changed early on Friday as traders returned from the Independence Day break to some hotly anticipated labour market data.
US payrolls undershoot forecasts by wide margin on revisions
Hiring and wage growth in the US eased as expected last month, but after a much faster-than-expected slowdown over the previous two months.
Sector movers: Homebuilders get a boost as markets take stock of Starmer
UK stocks were higher at the end of the week following a massive win for Labour under Sir Keir Starmer in the previous night's election.
ADM Energy reports progress at JKT Reclamation
ADM Energy updated the market on operations at JKT Reclamation on Friday - an oil reclamation business in which ADM holds a 30. 6% economic interest.
US pre-open: Futures little changed ahead of nonfarm payrolls data
Wall Street futures were little changed ahead of the bell as traders got set to return from the Independence Day break.
Baron Oil changes name to Sunda Energy
Baron Oil announced on Friday that it has officially changed its name to Sunda Energy.
Strong online demand boosts retail sales - BDO
High street sales jumped last week, industry data showed on Friday, supported by a surge in online shopping.
Kibo raises £0.15m to continue delayed audit, appoints interim CEO
Renewable energy developer Kibo Energy announced the receipt of £0. 15m on Friday, in first trance placing proceeds, to enable the continuation of the audit for the 2023 accounts.
German industrial production unexpectedly drops
Industrial production in Germany unexpectedly declined in May, registering its worst contraction in two and a half years, according to data by the Federal Statistical Office.
London midday: Top-flight index pares gains, FTSE 250 shines
London’s top-flight index had pared earlier gains by midday on Friday in a rather muted reaction to Labour’s expected election victory, but housebuilders and the more domestically-focused FTSE 250 outperformed.