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Europe close: Stocks drop heading into 4 July, banks lower
Stocks across the Continent reversed early gains amid selling in shares of banks and amid news that multiple US states pausing moves to ease lockdowns.
Week ahead: US jobs data, global manufacturing in focus
The focus in financial markets over the coming week will be on the US jobs market and global manufacturing.
Director dealings: Telecom Plus chairman offloads 2.5m shares
Telecom Plus revealed on Friday that chairman Charles Wigoder had disposed of 2. 5m ordinary shares in the FTSE 250-listed telecommunications firm.
London close: Stocks hold on to some gains amid further Covid concerns
London stocks managed to cling on to some of their gains to close just above the waterline on Friday, having slid from earlier highs through the afternoon amid ongoing concerns about the Covid-19 coronavirus pandemic.
Broker tips: Safestore, Rentokil, Crest Nicholson
Analysts at Berenberg downgraded their recommendation for shares of self-storage company Safestore from 'buy' to 'hold' on Friday, stating that the group's outperformance was likely to slow.
Live Company raises £400,000 for 2020 build programme
Media firm Live Company raised £400,000 on Friday as part of a placing of 4. 0m new shares at a price of 10. 0p each, representing a 20. 0% discount to the group's closing price on Thursday.
Friday broker round-up
Crest Nicholson: Jefferies downgrades to hold with a target price of 226. 0p.
US consumer confidence surges in Northeast, University of Michigan says
The University of Michigan's consumer confidence index jumped increased from May's level of 72. 3 to 78. 1 for June, coming in slightly worse than the preliminary reading of 78. 9 published roughly a fortnight before.
US open: Stocks sink amid spike in new coronavirus cases
Wall Street stocks opened sharply lower on Friday amid rising coronavirus cases, a surprise loss from Nike and the Fed's latest bank stress-test results all weighed on sentiment.
FTSE 250 movers: Aston Martin slides; 888 Holdings shines
London’s FTSE 250 was down 0. 1% at 17,102. 03 in afternoon trade on Friday.
Instem raising £15.75m in placing
Life sciences IT company Instem announced a proposed placing of new ordinary shares on Friday, to raise gross proceeds of around £15. 75m.
Randall & Quilter acquires Vermont captive insurer
Non-life specialty insurance company Randall & Quilter announced the acquisition of a captive insurer domiciled in Vermont on Friday.
US personal income and spending beat forecasts in May, savings at record high
American's income and spending both came in ahead of forecasts in May, despite which personal savings remained at record levels.
FTSE 100 movers: Smiths Group rallies; Land Securities hit by Intu news
London’s FTSE 100 was up 1. 2% at 6,220. 15 in afternoon trade on Friday.
Intu goes into administration but shopping centres to stay open
Intu Properties said on Friday that it has gone into administration but its shopping centres will remain open.
Stephen Dilks appointed Sosandar finance director
Online fashion retailer Sosandar announced the appointment of Stephen Dilks as its new finance director on Friday.
Tesco shareholders vote against CEO Lewis's £6.4m payday
Tesco suffered a heavy defeat at its annual general meeting as more than two-thirds of shareholder votes opposed a £6. 4m payday for departing Chief Executive Dave Lewis.
Aston Martin raises £152m to get through Covid-19 crisis
Aston Martin Lagonda has raised £152m from equity investors to get through the Covid-19 crisis and a period of destocking by dealers.
Boohoo bosses could pocket £150m under new incentive plan
Booses at Boohoo could pocket a £150m bonus if shares of the fast-fashion retailer rise 66% over a three-year period.