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Sector movers: Health Care stocks and Banks pace gains
Shares of those firms that are more insulated from fallout of the Covid-19 pandemic paced gains at the end of the week, after the government unveiled a stricter tiered system that would take effect when the latest national lockdown ends on December 2, with tier 3 the most severe.
Europe close: Stocks edge up in light trading, mood more restrained
European shares meandered higher at the end of the week, with a weaker London market dragging on sentiment throughout much of the session as the UK government unveiled tough new post-lockdown measures.
London close: Stocks close higher after relatively quiet Friday
London stocks managed to break through the waterline to close marginally higher on Friday, as investors mulled the economic impact of coronavirus restrictions following news on England’s post-lockdown tiers.
Broker tips: Virgin Money, John Wood, M&S, Mind Gym
Citi downgraded its recommendation on shares of challenger bank Virgin Money on Friday to ‘neutral’ from ‘buy’, pointing to the stock’s recent outperformance.
Week ahead: Global manufacturing, US non-farm payrolls
The focus over the coming week will be on global manufacturing sector conditions during the month of November and the US labour market.
Director dealings: Eckoh CEO raises stake
Eckoh revealed on Friday that chief executive officer Nicholas Philpot had acquired 25,000 ordinary shares in the AIM-listed secure payments provider.
US agency to probe 115,000 Tesla vehicles
US automobile safety officials on Friday said they had opened an investigation into 115,0000 Tesla vehicles over safety issues linked to their suspension systems.
Bluejay Mining flags progress with offtake negotiations
Greenland and Finland-focussed exploration and development company Bluejay Mining updated the market on its offtake negotiations for the Dundas Ilmenite in Greenland on Friday.
FTSE 250 movers: Indivior tanks; Pets at Home gains
London’s FTSE 250 was down 0. 9% at 19,219. 61 in afternoon trade on Friday.
Banco Sabadell gives Goldman mandate to sell TSB
Goldman Sachs has been given the mandate to sell Spanish lender Banco Sabadell's UK unit, TSB.
European state aid rules should be eased to help lenders, ECB official says
A top European Central Bank official said state aid rules should be eased and bank deposits protected to help lenders through the Covid-19 pandemic.
Citi downgrades Virgin Money after outperformance
Citi downgraded its recommendation on shares of challenger bank Virgin Money on Friday to ‘neutral’ from ‘buy’, pointing to the stock’s recent outperformance.
US open: Stocks advance in holiday-shortened session
Wall Street stocks opened higher on Friday's shortened session after traders took a day off to celebrate Thanksgiving.
FTSE 100 movers: Rolls-Royce rallies; Homeserve heads lower
London’s FTSE 100 was up 0. 2% at 6,373. 75 in afternoon trade on Friday.
Caribbean Investment purchase of Scotiabank Belize get approval
Caribbean Investment Holdings announced on Friday that the proposed purchase of Scotiabank Belize (SBL) from Scotiabank Caribbean, a subsidiary of the Bank of Nova Scotia, for an initial purchase price of up to $30. 5m, has been approved by the Central Bank of Belize.
Haydale upbeat on fabric mask development project
Advanced materials company Haydale announced on Friday that IRPC had completed the development project with the firm, and started production of its new washable functionalised graphene-enhanced fabric mask.
Randall & Quilter agrees purchase of Bermuda captive insurance firm
Specialty insurance company Randall & Quilter announced on Friday that its wholly-owned subsidiary R&Q Re Bermuda, has entered into a stock purchase agreement to acquire a Bermuda-domiciled captive insurance company.
Covid-19 measures add costs to Bahamas Petroleum well
Caribbean and Atlantic margins-focussed oil and gas company Bahamas Petroleum updated the market on cost estimates and funding arrangements for well operations in the Bahamas on Friday, reporting that the sustained impact of Covid-19 meant that itself and Stena Drilling had decided to implement “enhanced” coronavirus mitigation measures.