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Week ahead: Spending Review, euro area PMIs
Financial markets' focus over the coming week will be on Wednesday's Spending Review and updated economic forecasts from the Office for Budget Responsibility.
Europe close: Stocks end week on the up, despite analysts' caution
European stocks were firmer at the end of the week and heading into the Thanksgiving holidays Stateside, although some analysts appeared to be decisively cautious.
London close: Stocks mixed as investors mull Covid news, UK data
London stocks finished mixed on Friday, as investors digested the latest UK retail sales and borrowing data.
Broker tips: Grainger, Naked Wines, Croda, IWG
Analysts at JP Morgan upped their target price on residential property business Grainger on Friday from 320. 0p to 350. 0p, citing the group's recent full-year net asset value beat.
Director dealings: Land Securities CEO ups stake
Land Securities revealed on Friday that chief executive officer Mark Allan had acquired 45,695 ordinary shares in the FTSE 100-listed real estate investment trust.
Advanced Medical Solutions gets CE-mark for foam dressing
Specialist wound care company Advanced Medical Solutions Group has received CE-mark approval for its ‘Silicone PHMB Foam Dressing’, it announced on Friday, which sits alongside the US approval for this product as announced in July 2019 .
Webis division wins two-year extension to California licence
Pool wagering company Webis announced on Friday that its advanced deposit wagering business WatchandWager has received a two-year licence approval from the California Horse Racing Board.
Mnuchin tries to play down dispute with Fed
US Treasury Secretary Steve Mnuchin tried to play down his decision not to extend several emergency Federal Reserve lending facilities but economists said his move risked damaging the economy.
FTSE 250 movers: Babcock rallies; Helios Towers falls after stake sale
London’s FTSE 250 was down 0. 1% at 19,497. 71 in afternoon trade on Friday.
US open: Dow Jones erases yesterday’s gains at the bell
Wall Street stocks were mostly lower at the opening bell on Friday as a continued rise in new Covid-19 cases across the country and doubt around ongoing funding from the Federal Reserve for emergency programmes weighed on sentiment.
BofA stays 'overweight' value versus growth, spies upside potential
Strategists at Bank of America reiterated their 'overweight' stance on so-called 'value' stocks versus 'growth', telling clients that it was the best way to position for an economic recovery into 2021 with potential upside to be had in the group versus their base case.
FTSE 100 movers: BAE rallies on defence spending news; Sage slumps
London’s FTSE 100 was up 0. 3% at 6,354. 44 in afternoon trade on Friday.
Power Metal reports progress at Alamo
Metals exploration and development company Power Metal Resources updated the market on exploration at the Arizona-based Alamo Gold Project on Friday, in which it has the right to earn-in up to a 75% interest.
Friday broker round-up
Quilter: Barclays initiates at equal weight with a target price of 140p.
FDA grants EUA for Eli Lilly treatment in conjunction with Remdesivir
The Food and Drug Administration has granted Emergency Use Approval for baricitinib, a treatment for Covid-19 developed jointly by Eli Lilly and Incyte, in combination with Gilead Sciences's remdesivir.
Boris Johnson's adviser quits over Patel bullying report
Boris Johnson's ethics adviser has quit after the prime minister rejected his conclusion that Home Secretary Priti Patel breached a code of conduct by bullying civil servants.
MPs launch inquiry into financial services
UK regulators and leading bankers are set to be called for evidence by MPs after the Treasury committee launched an inquiry into the future of financial services.
JP Morgan raises target price on Grainger
Analysts at JP Morgan upped their target price on residential property business Grainger on Friday from 320. 0p to 350. 0p, citing the group's recent full-year net asset value beat.
Helios Towers slumps after Millicom sells 52m shares
Helios Towers slumped on Friday after Millicom Holding sold 52 million shares in the telecommunications company - a 5. 2% stake - at 155p each.