The number of people infected with coronavirus has dropped for a fourth day, raising hopes that the pandemic may be levelling off. The UK recorded 31,795 new infections yesterday, a fall of 32 per cent from the 46,558 on Tuesday. The figure is down 42 per cent from last Saturday. “Great to see continued signs of Delta descent in the UK today,” tweeted Dr Eric Topol, a US physician who is an international authority on the coronavirus. Some scientists cautioned that the data does not capture the impact of “freedom day” last Monday.
European shares ended the final day of the week higher, boosted by auto stocks and the eurozone central bank’s promise to continue stimulus.
London stocks closed above the waterline on Friday, as investors mulled the latest UK retail sales and business activity figures.
Analysts at Liberum revised up their target price for Harworth in the wake of the land and property regeneration company's latest trading update.
Analysts at Barclays raised their target price for AJ Bell but stayed at 'underweight' on the shares, telling clients they preferred to play "supportive" themes in UK wealth post-Covid through adviser platform peer IntegraFin.
US business activity cooled in July due to the drag from the services sector, the results of two closely-followed surveys revealed.
London’s FTSE 250 was 0. 8% higher in afternoon trade on Friday at 22,851. 90.
Mr Kipling owner Premier Foods said on Friday that full-year adjusted pre-tax profit was set to be at the top end of its expectations after "a very encouraging start to the year".
London’s FTSE 100 was up 0. 6% at 7,008. 98 in afternoon trade on Friday.
All Active Asset Capital (AAA) updated the market on its proposed acquisition of podcast provider Audioboom on Friday, after Audioboom rejected its possible offer a day earlier.
NatWest will take a minority stake in Permanent TSB Group (PTSB) in a potential deal to sell €7. 6bn of assets to the Irish lender.
Industrial conglomerate Honeywell beat analysts' estimates for second quarter profits and sales amid a recovering, but still challenging, global economy.
Vela Technologies updated the market on its intention to add another director to the board on Friday, saying it was in the “advanced stages” of appointing an executive director.
AJ Bell: Barclays keeps at 'overweight' but ups target price from 360. 0p to 380. 0p.
Quantum Exponential plans to float on the Aquis Stock Exchange Growth Market in anticipation of growing interest in quantum technologies.
Legal and professional services group Gateley has bought Tozer Gallagher, a practice of chartered quantity surveyors and construction consultants, for a up to £700,000.
Specialist asset management service provider MJ Hudson has acquired the entire share capital of Saffery Champness Fund Services (SCFS), a Guernsey based fund administration business, from the accountancy group Saffery Champness.
European shares started the final session of the week higher, boosted by auto stocks and the European Central Bank promise to continue stimulus.
London stocks had extended gains by midday on Friday as investors mulled the latest UK retail sales and business activity figures.