Cyclicals paced gains in the market at the end of the week with miners pacing the advance on hopes for a continued economic recovery, especially in Asia.
London’s top-flight index managed a positive end to its session on Friday, as investors digested the latest UK GDP figures, with all eyes on the resumption of Brexit talks.
The FTSE 100 ended the week up 233. 01 points at 6,032. 09.
Analysts at Berenberg slashed their target price on aerospace and defence manufacturer Rolls-Royce from 890. 0p to 270. 0p on Friday but upped their rating on the firm from 'hold' to 'buy', stating nothing was priced in for a turnaround.
Computacenter revealed on Friday that chief executive Michael Norris had disposed of 100,000 ordinary shares in the FTSE 250-listed computer services company.
China-focussed gas developer G3 Exploration announced on Friday that a winding-up petition has been presented by GIC to the Grand Court of the Cayman Islands, seeking the winding up of Green Dragon Gas.
Pembridge Resources announced on Friday that Minto Explorations has secured a prepayment funding facility with Sumitomo Canada, which is also Minto's copper concentrate offtake agreement counterparty.
Royal Mail shares rallied on Friday after JPMorgan Cazenove upgraded its rating to ‘neutral’ from ‘underweight’.
London’s FTSE 250 was up 0. 2% at 17,602. 03 in afternoon trade on Friday.
Wall Street stocks opened higher on Friday as a volatile, holiday-shortened week for stocks got ready to draw to a close.
Aviva has agreed to sell the majority shareholding in its Singapore business to a consortium led by Singapore Life for SGD2. 7bn (£1. 6bn).
Stocks in Europe are drifting lower heading into the weekend with a multitude of political concerns weighing on investor sentiment, ranging from the upcoming US presidential elections, through to Brexit and US-China relations.
London’s FTSE 100 was flat at 6,005. 48 in afternoon trade on Friday.
Independent oil and gas exploration and production company Pharos Energy has received approval from the prime minister of Vietnam for the TGT full field development plan, it announced on Friday.
Consumer price inflation in the States picked up a bit more quickly than anticipated last month, led by increases for used cars and trucks, and energy.
Analysts at Liberum raised their target price on video games developer Team17 from 500. 0p to 750. 0p on Friday, stating the firm was "moving up".
Vistry: JP Morgan upgrades to neutral with a target price of 670. 0p.
Tesla is planning to export Model 3 vehicles made in China to Asian and European markets, two sources familiar with the matter told Reuters on Friday.
Investors' tepid response to Halfords' positive trading misses how the company is improving, Liberum said as it increased its share price target for the company.