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Weekly review
The FTSE 100 ended the week up 129. 99 points, or 1. 59%, closing at 8,285. 71 on Friday.
London close: Stocks finish higher as US inflation slows
London stocks ended the week on a positive note on Friday, with NatWest a standout performer, as investors digested a dip in inflation from across the pond.
3M comfortably beats expectations for Q2 revenue, earnings
American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
Law Debenture delivers 'solid' overall first-half performance
Law Debenture Corporation reported a robust first-half performance in both its investment and independent professional services (IPS) business on Friday.
Taylor Maritime reports solid quarterly NAV return
Taylor Maritime Investments reported an unaudited net asset value of $1. 52 per share as of 30 June in its quarterly update on Friday, up from $1. 48 at the end of March, representing a total return of 4. 3% for the quarter.
Drivers pay £1.6bn too much in weak petrol market - CMA
The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1. 6bn more than they should have in 2023.
GCP Infrastructure reports slight decrease in NAV per share
GCP Infrastructure Investments said in an update on Friday that its unaudited net asset value per share was 107. 58p as at 30 June, a slight decrease from 107. 62p at the end of March.
National Grid sells final 20pc interest in National Gas
National Grid announced the sale of its final 20% equity interest in National Gas to its current majority owners on Friday, consisting of a consortium of long-term infrastructure investors led by Macquarie Asset Management.
Asia report: Most markets rise, Tokyo core inflation unchanged
Asia-Pacific markets mostly rebounded on Friday, recovering from Thursday's sell-off, which had pushed some regional indexes to their lowest levels in months.
Record reports 'solid start' to financial year
Specialist currency and asset manager Record reported an increase in assets under management for its first quarter on Friday.
Segro reports continued rental growth in its first half
Segro reported a strong financial performance and continued rental growth in its half-year results on Friday.
FirstGroup trading as expected as chairman steps down
FirstGroup said in an update on Friday that its trading in the financial year-to-date remained in line with the expectations set out in its full-year results in June, as it also announced the retirement of chairman David Martin.
IMI reports robust growth in first half
IMI reported continued strategic progress and a robust financial performance in its first half on Friday, with growth in organic revenue and profits.
AstraZeneca gets positive feedback on possible Imfinzi indication
AstraZeneca's ‘Imfinzi’, or durvalumab, was recognised by the FDA's oncologic drugs advisory committee (ODAC) on Friday for its efficacy in treating resectable non-small cell lung cancer (NSCLC), based on phase three trial results.
AstraZeneca gets positive feedback on Imfinzi indication, IMI reports half-year of growth
London open The FTSE 100 is expected to open 20 points higher on Friday, having closed up 0. 4% on Thursday at 8,186. 35.
London close: Stocks mixed on tsunami of updates, US GDP data
London stocks closed with mixed results on Thursday as investors processed faster-than-anticipated economic growth in the United States, following a heavy flow of corporate announcements earlier in the day.
Victoria still facing uncertain demand across most markets
Flooring specialist Victoria said in an update on Thursday that it continued to outperform a number of its competitors during the first quarter of the financial year. #.
American Airlines posts record quarterly revenue but slashes earnings outlook
American Airlines reported its highest-ever quarterly revenue for its second quarter on Thursday, at $14. 3bn, although that still fell short of its own expectations, as the airline also lowered its full-year earnings guidance.
UMG shares slide as subscription, streaming revenue disappoints
Shares in Universal Music Group (UMG) experienced their steepest slide since going public on Thursday, after the Amsterdam-traded company’s subscription and streaming revenue growth failed to meet investor expectations.
HSBC, Lloyds among banks found in violation of CMA rules
Four major high street banks - HSBC, Lloyds, TSB, and Allied Irish Banks (AIB) - have been found in violation of rules set by the Competition and Markets Authority (CMA), it emerged on Thursday.