The S&P 500 was unable to match the Dow Jones Industrial Average by closing at a record high for a second consecutive session on Friday, as tech stocks weighed on the broader market and erased the morning’s gains.
Competition fears meant Just Eatmissed out on a London market rebound. Reports that Uber was in early-stage talks to buy Deliveroo, the takeaway ordering app, sparked concerns about a sector price war with Canaccord calling the news “potentially terrifying for Just Eat”.
Unite, the UK’s largest union, will ballot members on what could be the biggest ever industrial action in the North Sea, as workers push for a bigger share of the windfall following the recent rally in crude prices.
Shares in mining company Continental Gold dropped to a 16-month low on Friday after three of its workers were murdered in northern Colombia in an attack the firm and the army blamed on dissident members of the Farc guerrilla group.
Shares in Farfetch, an online luxury fashion retailer, jumped 50 per cent on their trading debut, valuing the company at $8.6bn as investors once again demonstrated huge appetite for technology flotations.
Brent crude surpassed the $80 a barrel mark on Friday ahead of a meeting of energy officials who are meeting this weekend to discuss output policy as US sanctions on Iran’s oil exports already begin to restrict supplies.
A defiant Theresa May on Friday accused EU leaders of failing to show “respect” to Britain and threw down the gauntlet to Brussels to shift its position or risk a breakdown in Brexit negotiations and a no deal exit.
Billionaire hedge fund magnate John Paulson is leading a consortium of investors determined to reverse the lacklustre performance of gold miners, in the latest sign of growing investor frustration with the sector.
Canadian inflation eased in August from the previous month’s near 7-year high but the pullback is unlikely to change market expectations that the country’s central bank will push ahead with another interest rate hike next month.
Dominic Chappell, the former bankrupt who bought BHS for £1, was on Friday branded as “evasive” and “completely unbelievable” by a judge, who dismissed his appeal to overturn a criminal conviction for failing to co-operate with the UK pensions regulator, which was investigating a hole in the BHS pension scheme.