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Europe close: Pharma and Tech issues drag on indices
Most European equity markets incurred in slight losses on Friday with pharma and technology stocks pacing losses.
Weekly review
The FTSE 100 ended the week down 8. 78%, or 0. 11%, closing at 8,063. 61 on Friday.
Broker tips: Flutter Entertainment, Premier Foods
Premier Foods' share price rally has further to run, according to RBC Capital Markets, which reiterated an 'outperform' rating on the stock on Friday and hiked its target price following the manufacturer's interim results this week.
London close: Stocks end turbulent week in the red
London stocks ended Friday in negative territory, weighed down by losses in pharmaceutical shares and a surprise slowdown in UK economic growth during the third quarter.
Director dealings: AstraZeneca CEO ups stake
AstraZeneca revealed on Friday that chief executive officer Pascal Soriot had acquired 20,000 ordinary shares in the FTSE 100-listed drugmaker.
US open: Stocks lower following Powell comments, retails sales numbers
Wall Street stocks were in the red early on Friday, setting major indices on a course for a losing week following last week's solid post-election rally.
FTSE 100 movers: Pharma stocks take a hit; Land Securities rallies
London’s FTSE 100 was down 0. 1% at 8,062. 10 in afternoon trade on Friday.
FTSE 250 movers: Burberry still in fashion; Premier Foods off the menu
FTSE 250 (MCX) 20,490. 52 -0. 16% .
US retail sales increase 0.4pc in October
US retail sales increased 0. 4% month-on-month in October, according to the Census Bureau, following an upwardly revised 0. 8% gain in September and beating consensus estimates of a 0. 3% rise.
Firering secures £0.85m in non-dilutive funding
Firering Strategic Minerals, an emerging producer of quicklime and explorer of critical minerals, announced on Friday that it has secured £0. 85m in non-dilutive funding through an 18-month unsecured bridge loan, as it accelerates the development of its Limeco quicklime project in Zambia.
Rosslyn inks big partnership with top-five consulting firm
Enterprise spend intelligence specialist Rosslyn Data Technologies announced on Friday that it has formed a significant partnership with a top-five global consulting firm.
Tekcapital raises £1m to support portfolio firm Guident
Intellectual property investor Tekcapital announced on Friday that it has raised £1m before expenses through a combination of a placing and subscription, to support the growth of its portfolio company Guident.
Europe midday: Pharma stocks slide on Kennedy pick as US health chief
European equity markets trimmed losses on Friday with pharma stocks lower on news that Robert F. Kennedy Jr – who has made misleading statements on vaccines – had been appointed as Donald Trump’s head of health.
OPG being investigated for alleged regulatory non-compliance
OPG Power Ventures said on Friday that it was the subject of an investigation into alleged regulatory non-compliance under the Foreign Exchange Management Act (FEMA).
Helium One reports progress at Galactica-Pegasus
Exploration company Helium One Global announced a number of developments at the Galactica-Pegasus project in Colorado’s Las Animas County on Friday.
Pharma stocks tank as Trump names RFK Jr health chief
Pharmaceutical and biotech stocks around the world slumped on Friday, after US president-elect Donald Trump appointed vaccine sceptic Robert F Kennedy Jr to his cabinet.
Ilika reports solid first-half progress
Solid-state battery technology developer Ilika reported significant advancements in its Stereax and Goliath battery programmes in an update on Friday.
Ofgem green lights funding for £2bn undersea power cable
Britain's energy regulator has given the funding green light for a £2bn subsea and underground cable which transport electricity from wind farms in Scotland to the North East.
US pre-open: Futures mixed following Powell comments
Wall Street futures were in the red ahead of the bell on Friday, putting major indices on a course for a losing week following last week's solid post-election rally.
Altitude Group shares slide on first-half update
Shares in branded merchandise specialist Altitude Group were sliding on Friday, even after it reported robust trading for the six months ended 30 September, with revenue expected to rise over 20% year-on-year and adjusted operating profit up 9%.