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Friday newspaper round-up: GFG Alliance, Apple, FinnCap, M&S
Sanjeev Gupta’s GFG Alliance has sold two aluminium parts factories after Jaguar Land Rover (JLR) stepped in to secure a vital part of its supply chain. Evtec, an automotive supplier based in Coventry, will take over Liberty Aluminium Technologies casting plants in Coventry and Kidderminster in the West Midlands, saving 170 jobs. However, GFG is closing a site in Witham, Essex, with the loss of 64 jobs. - Guardian.
Week ahead: US data, slew of central bank policy meetings in focus
Investors were set to be treated to a barrage of economic data and central bank rate decisions during the coming week, notwithstanding the Thanksgiving Day holiday in the US on Thursday.
Europe close: Stocks finish in the red as Austria and Germany impose fresh Covid-19 restrictions
European shares finished lower on Friday following another early feint higher, as rising Covid case numbers and lockdowns in the region dampened investor sentiment.
Economists bring forward date of first Fed interest rate hike to late 2022 - Poll
Economists revised their forecasts for interest rate hikes in the US during the month of October, bringing them more in line with market pricing, the results of a survey revealed.
London close: Stocks weaker on fresh fears of winter lockdowns
London equity markets remained in the red at the close on Friday, dragged down by weakness in travel-related stocks amid fresh consternation over Covid-19 lockdowns.
Weekly review
The FTSE 100 ended the week 124. 34 points lower, closing at 7,223. 57 on Friday.
Director dealings: Insig AI interim chairman raises stake
Insig AI revealed on Friday that interim chairman Richard Bernstein had acquired 50,000 ordinary shares in the AIM-listed software and cloud computing services firm.
Broker tips: Rotork, Touchstone Exploration
Analysts at Berenberg slightly lowered their target price on manufacturer Rotork from 425. 0p to 410. 0p on Friday following the group's recent trading update.
BlueRock diamond production seen at lower end of guidance
BlueRock Diamonds warned on Friday that full-year production was likely to be at the lower end of its guidance range following the shutdown of operations at its Kareevlei mine in the Kimberley region of South Africa.
FTSE 250 movers: Travel shares hit by lockdown woes; Kainos rises
London’s FTSE 250 was down 0. 4% at 23,473. 87 in afternoon trade on Friday.
Canaccord Genuity raises target price on Touchstone Exploration
Analysts at Canaccord Genuity raised their target price on mining outfit Touchstone Exploration from 180. 0p to 200. 0p on Friday following the firm's "surprise, but upbeat" announcement of an oil test in its Royston-1 well.
US open: Mixed start to trading as new Covid-19 restrictions in Europe weigh on stocks
Wall Street stocks were mixed early on Friday amid fears regarding a resurgence of Covid-19 cases across Europe.
FTSE 100 movers: Ocado surges; travel stocks retreat on lockdown fears
London’s FTSE 100 was down 0. 5% at 7,220. 67 in afternoon trade on Friday.
Berenberg lowers target price on Rotork
Analysts at Berenberg slightly lowered their target price on manufacturer Rotork from 425. 0p to 410. 0p on Friday following the group's recent trading update.
Xtract Resources reports latest data from Bushranger
Xtract Resources updated the market on independent laboratory assays for drill hole BRDD-021-016, as well as two further holes completed, on the second phase diamond drilling programme at the Bushranger copper-gold exploration project on Friday.
Agronomics puts $1.5m into cultivated Wagyu firm Ohayo Valley
Cellular agriculture and cultivated meat investor Agronomics has completed a subscription of $1. 5m (£1. 12m) in Ohayo Valley, it announced on Friday, via a simple agreement for future equity (SAFE).
Wishbone Gold shares surge on developments at Red Setter
Wishbone Gold announced on Friday that preparations for drilling at Red Setter had started, with independent consultants reporting that the geochemistry programme recently conducted, although only 60% complete, had defined four new high-priority target zones for follow-up drilling.
Scancell treats first patient in melanoma tumour trial
Cancer and infectious disease immunotherapy developer Scancell announced on Friday that the enrolment and treatment of the first patient had taken place in its multicentre phase 2 clinical trial of its ‘SCIB1’ tumour treatment at the Churchill Hospital in Oxford.
Westminster confirms possible Africa airport deal as contracts face delays
Security services provider Westminster Group responded to recent media speculation around a possible airport contract in Africa on Friday.
Northamber maintains stock levels as margins expand
Technology distributor Northamber reported a “strong” balance sheet in its full-year results on Friday, with £6. 2m of unencumbered freehold properties at depreciated cost, together with cash balances of £7. 45m, down from £10. 97m year-on-year.