European stocks ended mostly higher on Friday on reports the US and Iran were in talks on a possible phased re-opening of the Strait of Hormuz while falling bond yields also boosted sentiment.
Next week will bring results from the likes of Nike in the US and JD Wetherspoon in the UK, while on Friday, all eyes will turn to the latest US non-farm payrolls report.
London stocks ended just a touch firmer on Friday, off earlier highs as oil prices pared losses, and as data from GfK showed a surprise improvement in British consumer sentiment.
Analysts at Berenberg said on Friday that Cohort's AGM update on 24 September was reassuring, highlighting continued order‑intake momentum and improving margins across the group's businesses.
Trufin revealed on Friday that chief executive James van den Bergh had acquired 25,000 ordinary shares in the AIM-listed software firm.
US consumer sentiment weakened in September, according to the University of Michigan, slipping to a four‑month low and leaving the index about 15% below its January level, as households reported softer views on both current and year‑ahead personal finances and growing unease over persistent price pressures.
Major indices were in the green early on Friday as both oil prices and Treasury yields headed south.
Property developer Harworth Group on Friday said it had accepted a sweetened and final 187p-a-share offer from Peel Holdings, valuing the company at £631. 7m.
Canaccord Genuity cut its target price for On the Beach from 240p to 220p on Friday after the group's FY26 trading update, saying reduced FY27 guidance and a still‑fragile consumer backdrop limited upside despite a stronger finish to the year.
London’ FTSE 100 was up 0. 1% at 10,692. 62 in afternoon trade on Friday.
US durable goods orders were broadly flat in August, according to the Census Bureau, holding at $338. 6bn after two consecutive monthly increases and defying expectations for a 0. 4% decline.
Growth in lending to eurozone businesses slowed in August, according to figures released by the European Central Bank on Friday, offering an early sign that tighter monetary policy may be starting to weigh on credit demand.
Morgan Stanley said on Friday that it was changing its Bank of England rate call and now expects one hike in November and one in February.
Safestay shares tumbled on Friday after the hostel operator reported weaker first-half trading and warned that forward bookings remained sharply below last year’s level.
Wall Street futures were in the green ahead of the opening bell on Friday despite Treasury yields continuing on their upward climb.
London stocks were still firmer by midday on Friday, after data from GfK showed a surprise improvement in British consumer sentiment and as oil prices came off recent highs.
European shares were higher on Friday on reports the US and Iran were in talks on a possible phased re-opening of the Strait of Hormuz while falling bond yields also boosted sentiment.
HelloFresh tumbled on Friday as it warned on profits again, pointing to a weaker-than-expected third quarter.
