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US close: Stocks hit fresh highs as US and China reportedly near a deal
Wall Street closed at fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.
Trump to visit UK for NATO meeting in December
US President Donald Trump will travel to the UK in December to attend a NATO meeting, the White House said in a statement on Friday.
Weekly review
London's FTSE 100 ended the week down 56. 44 points, closing its Friday session at 7,302. 94.
Europe close: Markets finish Friday higher as investors remain hopeful on trade
European stocks were mixed at lunchtime on Friday, reversing early gains as another spate of optimism for an initial US-China trade deal was muddied by corporate news.
London close: Stocks reverse lunchtime losses to finish higher
Stocks in London reversed their lunchtime losses to finish in the green on Friday, after a top White House official told reporters that a US-China trade deal was "near", assuaging some investors' concerns of a potential 'false dawn' in negotiations.
Fifteen countries outside the EU ask for Brexit trade compensation
Fifteen countries including Australia, the US, India and New Zealand have asked for trade compensation from the UK and the EU over the economic hit caused by Brexit.
Thor pleased with fresh progress at EnviroCopper investment
Thor Mining has been advised by EnviroCopper of the start of field pumping tests at the Kapunda copper project in South Australia, it announced on Friday.
FTSE 100 movers: Hiscox dips, Whitbread climbs
London's FTSE 100 was down 0. 21% at 7,277. 72 in afternoon trade on Friday, with Hiscox leading the index lower.
Bilby successfully raises £2m through placing and subscription
Gas heating, electrical and building services provider Bilby announced the completion of its fundraise on Friday, confirming that it conditionally raised an aggregate sum of about £2m by way of a placing and a subscription of 18,181,818 new ordinary shares at a price of 11p each.
US open: Wall Street storms to fresh record highs on trade talk optimism
Stocks on Wall Street stormed to fresh record highs on Friday following upbeat remarks from two top US administration officials regarding the chances of a preliminary trade deal with China.
Tencent picks up stake in Sumo Group
Independent video games developer Sumo Group said on Friday that Tencent Holdings, through a direct wholly-owned subsidiary, alongside Perwyn Bidco UK, have notified ot that they have entered into an agreement for the acquisition by Tencent from Perwyn of 15 million shares in Sumo.
Carpetright board agrees Meditor cash acquisition
Carpetright announced on Friday that both its board, and that of Meditor Holdings (MHL), have agreed the terms of a recommended cash offer to be made by MHL to acquire the entire issued and to-be-issued share capital of Carpetright not already owned by Meditor Fund.
Pure Gold Mining makes progress at Madsen Red Lake
Pure Gold Mining reported the completion and advancement of a number of “key milestones” on its 100%-owned Madsen Red Lake Mine project in its third quarter update on Friday.
Friday broker round-up
Whitbread: Barclays upgrades to overweight with a target price of 4,900p.
FTSE 250 movers: FirstGroup steams ahead, Qinetiq falls
London's FTSE 250 was up by 0. 33% at 20,299. 19 in afternoon trade on Friday, with FirstGroup leading the index higher.
European Investment Bank to cut funding for fossil fuels
The European Investment Bank has agreed to phase out funding for fossil fuels by 2021 and become the world’s first “climate bank”, it announced on Friday.
Veltyco tumbles after warning of losses, creditor concerns
Shares in Veltyco plummeted on Friday after it warned it may struggle to remain afloat as continues to trade at a loss on a monthly basis.
Asia report: Most markets rise on fresh trade optimism
Most markets in Asia finished the last trading session of the week on a positive note on Friday, as investors did their best to digest the latest development in the never-ending saga that is the US-China trade war.
Sensyne Health reveals Cognizant and Agorai as US partners
Clinical artificial intelligence (AI) technology company Sensyne Health revealed the names of its partners for the launch and sale of its digital health software products in the United States on Friday.
Haynes Publishing puts itself on the market
Haynes Publishing Group is embarking upon a formal sale process to sell the entire issued share capital of the company, including all subsidiary companies, it announced on Friday.