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Week ahead: Ukraine talks, UK CPI in the spotlight
Geopolitics will continue to be front and centre on investors' minds over the coming week, as negotiators from the US, Ukraine and Russia meet in Saudi Arabia.
US close: Late rally pushes stocks higher, but gains limited
A late-afternoon rally sent US stock indices into positive territory by the close on Friday, though gains were limited after a tumultuous few weeks with markets still trading close to six-month lows.
Weekly review
The FTSE 100 ended the week up 14. 46 points, or 0. 17%, closing at 8,646. 79 on Friday.
Europe close: Stocks end turbulent weak down
European shares were mostly lower on Friday as investors digested a week of policy decisions from central bankers amid the turmoil of US President Donald Trump’s erratic trade measures, while airline stocks were down after a substation fire closed London's Heathrow airport.
Heathrow to resume limited flights after fire causes power cut
London’s Heathrow airport said some operations would resume on Friday after a fire at a local electricity substation overnight caused a power outage, hitting more than 1,300 flights and disrupting air travel globally.
Broker tips: Crest Nicholson, Asos
RBC Capital Markets upgraded Crest Nicholson on Friday to ‘outperform’ from ‘sector perform’ and hiked the price target to 230p from 180p after the housebuilder's capital markets day on Thursday.
London close: Stocks finish lower amid massive Heathrow disruption
London stocks ended lower on Friday, pressured by weak airline performance amid an all-day closure at Heathrow Airport, as well as disappointing public finance figures.
IATA criticises Heathrow over possible 'planning failure'
The airline industry trade body has attacked Heathrow management for what appeared to be a "clear planning failure" in not having a sufficient backup power source after a fire at a local electricity substation causing an outage and closed the airport.
WPP in talks to sell in-flight entertainment provider Spafax - report
Advertising agency WPP is reportedly in talks to sell Spafax, a provider of in-flight entertainment which counts some of the world's leading airlines among its clients.
FCA launches probe into pure protection insurance market
The Financial Conduct Authority announced on Friday that it is to launch an investigation into the pure protection insurance market amid concerns about how adviser commissions are affecting consumers.
Mike Ashley’s Frasers Group lifts Asos stake
Mike Ashley’s Frasers Group lifted its stake in Asos on Friday to 25. 13% from 24. 21%.
FTSE 100 movers: British Land gains; JD Sports hit by Nike update
London’s FTSE 100 was down 0. 6% at 8,648. 96 in afternoon trade on Friday.
US open: Stocks slip again on macro uncertainty
US stock markets fell for the second straight day on Friday, as optimism fuelled by the Federal Reserve earlier in the week quickly faded, with blue chips Nike, Micron Technology and FedEx providing a drag as earnings disappointed.
British Land secures approval to redevelop Euston Tower
Real estate developer British Land has been given the green light to redevelop the 31-storey Euston Tower into 560,000 square feet of workspaces and hospitality venues.
Carnival posts record Q1 revenues, boosts FY earnings outlook
Cruise operator Carnival lifted its full-year earnings outlook on Friday as it reported record revenues for the first quarter, citing outperformance across the board.
Big Technologies considers action against suspended CEO; Shares tank
Shares in Big Technologies plunged on Friday as the company said it was considering action against suspended chief executive officer and founder Sara Murray.
Angle completes assay development projects
Angle announced on Friday the successful completion of assay development projects for AstraZeneca and Eisai, further expanding its portfolio of liquid biopsy solutions and strengthening its position as a partner to the pharmaceutical industry in oncology drug development.
Europe midday: Stoxx down on trade war fears, Heathrow closure
European shares were lower on Friday as investors digested a week of policy decisions from central bankers amid the turmoil of US President Donald Trump’s erratic trade measures, while airline stocks were down after a substation fire closed London's Heathrow airport.
London midday: Stocks extend losses after borrowing data; Heathrow closure hits airlines
London stocks had extended losses by midday on Friday as data showed that UK borrowing significantly overshot expectations in February, with airlines weaker as Heathrow was forced to shut after a fire at a substation caused a power outage.