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Week ahead: Global PMIs, Alphabet, Tesla in focus
Investors' attention over the coming week will be divided between a raft of purchasing managers' surveys due out and the ongoing stream of corporate results in the States.
FTSE 100 movers: Airlines pace declines at the end of the week
Airline shares weighed on the top flight index at the end of the week after falling afoul of a cascade of IT glitches around the world triggered by a update from cyber security outfit Crowdstrike.
Europe close: Shares lower as global IT chaos, UK retail sales weigh
European stocks closed lower on Friday as a major technical outage involving Microsoft hit businesses around the world, while weaker-than-expected UK retail sales also hit sentiment.
Europe midday: Shares down as global IT outage hits all sectors using Windows
European stocks opened lower on Friday as a major technical outage involving Microsoft hit businesses around the world.
Weekly review
The FTSE 100 ended the week down 97. 19 points, or 1. 18%, closing at 8,155. 72 on Friday.
London close: Stocks fall on day of global IT chaos
London's stock markets closed in the red on Friday, affected by a significant global IT outage and a drop in UK retail sales.
Global IT systems crash after CrowdStrike update hits Microsoft
Thousands of businesses around the world were thrown into disarray on Friday after a software update from cybersecurity firm CrowdStrike led to Microsoft-run system crashes at airlines, banks, hospitals, media outlets and retailers.
Broker tips: AJ Bell, Dunelm
Analysts at Berenberg hiked their target price on financial services firm AJ Bell from 370. 0p to 410. 0p on Friday after the group's Q3 earnings on 18 July sent shares up roughly 6% on the day.
US open: Stocks lower following global IT outage
Wall Street stocks were in the red early on Friday following heavy losses recorded a day earlier.
Yellow Cake reports strong year as uranium prices rise
Yellow Cake reported a significant rise in its full-year financial performance on Friday, driven by a substantial increase in uranium prices.
London midday: Stocks hold lower after global IT snafu
Stocks in London were holding lower in early afternoon trading as investors digested the latest political headlines out of the US and their potential implications for the stock market.
FRP Advisory acquires Lexington Corporate Finance for £3m
Business advisory firm FRP Advisory Group announced the acquisition of Lexington Corporate Finance on Friday, for total consideration of £3m, plus an additional amount for net assets acquired of about £0. 5m.
Bridgepoint upgrades full-year expectations after solid first half
Bridgepoint Group upgraded its full-year expectations on Friday, after reporting a stronger-than-expected financial performance for the first half, driven by successful fundraising and robust capital deployment.
Praxis Group mulling offer for Capital & Regional
Praxis Group announced on Friday that it was in the preliminary stages of considering a potential cash offer for Capital & Regional.
Big Technologies non-executive chair steps down
People monitoring technology specialist Big Technologies announced the resignation of its independent non-executive chair Simon Collins on Friday.
US pre-open: Futures lower amid global IT crash
Wall Street futures were in the red ahead of the bell on Friday following big losses for the Dow in the previous session.
GSK application for myeloma treatment accepted by EMA
GSK announced on Friday that the European Medicines Agency (EMA) has accepted its marketing authorisation application for ‘Blenrep’, or belantamab mafodotin, in combination with bortezomib plus dexamethasone - ‘BorDex’, or pomalidomide plus dexamethasone - PomDex, for treating relapsed or refractory multiple myeloma.
United Utilities affirms financial guidance in trading update
United Utilities Group reported sustained strong operational performance in an update on Friday, affirming its financial guidance for the 2024-2025 period remained unchanged.
Harworth makes £8.5m land sale to Taylor Wimpey
Harworth Group announced the completion of an £8. 5m sale on Friday, of 15. 6 acres of serviced residential land at its Stopes Road development near Little Lever in Bolton, to Taylor Wimpey UK.