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London close: Stocks weaker on dark day for sterling
Stocks closed weaker alongside a big drop in the pound on Thursday, taking the currency to levels not seen since the ‘Black Wednesday’ currency crisis in 1992.
Weekly review
The FTSE 100 ended the week down 114. 39 points, closing on Friday at 7,236. 68.
Director dealings: Ocado non-exec spends £2.7m after share plunge
One of Ocado’s non-executive directors took advantage of its share price plunge this week, as the company disclosed a purchase worth almost £3m on Friday.
Jarvis securities division agrees FCA restrictions, appoints consultant
Jarvis Securities announced the appointment of regulatory consultancy Ocreus on Friday, to review the systems and controls of its subsidiary, Jarvis Investment Management (JIML).
AfriTin raises more than expected in placing and subscription
AfriTin Mining announced the completion of a fundraising totalling $22. 8m on Friday, to expand its work at Uis and Brandberg, and for general working capital.
Empyrean losses widen after disappointment at Jade
Empyrean Energy reported an operating loss of $7. 71m in its final results on Friday, significantly widening from the $0. 95m it recorded in 2021.
US consumer confidence edges higher in September, inflation expectations dip
US consumer confidence improved slightly in early September despite signs of uncertainty regarding the outlook for economic growth, the results of a closely followed survey revealed.
Broker tips: Fevertree, Kitwave
Analysts at Berenberg downgraded mixed drinks manufacturer Fevertree from 'buy' to 'hold' on Friday, citing external pressures.
Katoro Gold losses narrow as it assesses new projects
Katoro Gold reported an operating loss of £0. 64m in its first half on Friday, narrowing from £0. 78m year-on-year, as it progressed operations on several fronts.
Light Science Technologies makes progress with Zenith contract
Controlled-environment agriculture and contract electronics technology company Light Science Technologies updated the market on its contract with Zenith Nurseries on Friday, to develop a cloche lighting and sensor technology system.
FTSE 100 movers: Miners lacklustre; AstraZeneca perks up
The FTSE 100 was down 0. 45 to 7,249. 15 at 1500 BST.
Ncondezi restructures Seritza working capital term loan
Ncondezi Energy announced the restructuring of the Seritza working capital facility term loan to a convertible loan note on Friday, subject to shareholder approval of the rights to issue shares under the convertible loan.
US open: Stocks extend losses at the bell
Wall Street stocks opened lower on Friday, putting major indices firmly on track for a losing week.
Drumz narrows loss as KCR investment disappoints
Technology investor Drumz reported first-half revenue of £30k on Friday, rising from £18k year-on-year, as its operating loss narrowed to £0. 18m from £0. 26m.
FTSE 250 movers: Royal Mail hit by FedEx crossfire; National Express motors
The FTSE 250 was down 0. 47% to 18,797. 52 at 1440 BST.
Naked Wines brings in former CEO to advise board
Naked Wines announced on Friday that Rowan Gormley, its former chief executive officer and a “material shareholder”, had been appointed as an advisor to the board as it finalised its revised operational and financial plans.
Benchmark completes new £64m senior green bond issue
Aquaculture biotechnology company Benchmark has successfully completed a new senior unsecured green bond issue of NOK 750m (£64m), it announced on Friday, with expected maturity on 27 September 2025.
UKOG completes second phase seismic programme in Turkey
UK Oil & Gas announced on Friday that the acquisition of the second-phase seismic programme over its Turkey Resan licence, where it has a 50% interest, was now successfully complete, with the field crew demobilised.
Argentex granted Dutch electronic money licence
Foreign exchange service provider Argentex announced on Friday that the Dutch National Bank has granted its subsidiary, Argentex BV, an electronic money institution (EMI) licence in the Netherlands.
US pre-open: Futures in the red, major indices on track for losing week
Wall Street futures had stocks opening lower ahead of the bell on Friday, putting major indices on a course for a losing week.