London's FTSE 100 index finished the week 2. 73 points higher at 7,508. 70.
London stocks sneaked into the green by the close on Friday, as investors digested news that public sector net borrowing in the UK rose sharply in June and continued to react to Fed developments stateside overnight.
European shares were just above the waterline as they closed on Friday, with a boost from stronger sessions in the US and Asia and renewed hopes of more monetary easing from the US Federal Reserve managing to keep things chugging.
Analysts at Berenberg upped their target price on low-cost carrier EasyJet from 1,120p to 1,150p on Friday, noting that momentum appeared to have improved earlier than they expected.
Travis Perkins: RBC Capital Markets upgrades to outperform with a target price of 1,600p.
JKX Oil and Gas reported that testing at IG142, a new well drilled in the Ignativske field in Ukraine, significantly exceeded expectations on Friday.
London’s FTSE 250 was up 0. 35% at 19,604. 19 in afternoon trade on Friday, with Acacia Gold leading the index higher.
Sadiq Khan is set to demand an overhaul of tenancy laws in a bid to control the capital's rental market as part of his 2020 re-election campaign.
US asset manager BlackRock fell short of estimates on the Street in its last trading quarter as investment advisory and lending revenues dropped amid a rise in costs.
The UK government is set to publish its results for the telecoms supply chain review, but will leave out its decision on Huawei’s future involvement in the 5G technology development.
Lekoil revealed on Friday that chief executive Olalekan Akinyanmi had acquired 915,950 ordinary shares in the AIM-listed crude oil producer.
Analysts at RBC Capital Markets reiterated their 'top pick' rating on British insurance firm Beazley on Friday, but cut their target price from 700p to 675p, citing a short term negative impact on its earnings.
Beter Bed Holding announced on Friday that it had reached agreement with its banks and major shareholders to facilitate its exit of German mattress discounter Matratzen Concord.
Symphony Environmental Technologies announced an equity subscription for 15,456,900 new ordinary shares by Vincel Investment Holdings on Friday, at a price of 12. 5p each, making for gross proceeds of £1. 93m.
Science Group on Friday confirmed it had increased its stake in takeover target Frontier Smart Technologies to 43%.
Consumer sentiment in the US picked up a touch in July, according to a preliminary reading from the University of Michigan.
PepsiCo has agreed to buy South Africa’s Pioneer Foods Group for $1. 7bn.
US stocks opened higher on Friday after two top Federal Reserve officials hinted that more aggressive policy easing from the central bank was on the horizon.
UK Finance Minister Philip Hammond effectively declared war on Boris Johnson on Friday, when he refused to rule out supporting a no-confidence motion if the Tory leadership favourite became prime minister.
The Competition and Markets Authority (CMA) has been investigating the award of the East Midlands rail franchise to Abellio, it announced on Friday, as part of its remit to look into the award of rail franchises as part of its mergers work.