Theresa May will seek to emulate Margaret Thatcher by travelling to Brussels to demand a better Brexit deal in a last-ditch attempt to save her government from collapse. Ministers and aides have convinced the prime minister that she needs “a handbag moment” with EU bosses if she is to have any chance of persuading her own MPs to support her. - The Sunday Times.
Both Chinese exports and imports slowed last month with the former buoyed by firms' attempts to front-run the new US tariffs that had been expected to kick-in at the start of 2019.
Commodity prices rebounded at the end of the week, as the US dollar slipped following the release of a weaker-than-expected reading on US non-farm payrolls for the month of November and after the Organisation of Petroleum Exporting Countries and its allies announced that they had decided to cut their supplies.
US stocks added to their losses at the end of the week on the back of a weaker-than-expected reading on US jobs for the month of November and ongoing concerns regarding the outlook for US-China trade talks.
In her ‘Inside the City’ column for the Sunday Times this week, Sabah Meddings was looking at tenpin operator Hollywood Bowl, saying that the firm was leading a “quiet revolution” in the leisure sector with a reputation for sticky floors, sweaty shoes and seedy establishments.
The UK would face difficulties getting medical supplies in through the crucial port of Dover as trade was held up under a 'no-deal' Brexit, Health Secretary Matt Hancock warned on Friday.
Most of the main stockmarket gauges on the Continent put in a small bounce at the end of the week, helped by the Organisation of Petroleum Exporting Countries's decision to cut production in a bid to prop up prices.
London's FTSE 250 was up 1. 15% at 17,957. 43 in afternoon trade on Friday, as oilers powered upward on the back of an OPEC decision to cut production.
All eyes over the coming week will be on Tuesday's vote in Parliament on the Prime Minister's amended Brexit deal.
Annegret Kramp-Karrenbauer has been elected as Angela Merkel’s successor as leader of the German Christian Democrat Party (CDU), beating multi-millionaire businessman Friedrich Merz by just 25 votes.
The FTSE 100 ended the week down 202. 13 points at 6778. 11.
London stocks recouped part of the previous day's losses on Friday which had taken the top-flight index to its worst level since the Brexit referendum, as investors eyed the release of the latest non-farm payrolls report.
After the storm, a relatively calm Friday saw the commodity-related sectors and defensive stocks climb, while the retail sector was splattered with red.
JP Morgan boss Jamie Dimon cautioned of the risk that the US central bank does "too little too slow".
Analysts at Canaccord Genuity took a fresh look at insurance and underwriting service Beazley on Friday, a day after the firm warned claims from the recent California wildfires had cost it roughly $40m.
Analysts at Canaccord Genuity reiterated their 'buy' rating and 610p target price on insurance and underwriting service Beazley on Friday, a day after the firm warned claims from the recent California wildfires had cost it roughly $40m.
Bank Of Georgia chief executive Kakhaber Kiknavelidze purchased 15,000 ordinary shares in the FTSE 250-listed lender on Friday.
London’s FTSE 100 was up 1. 8% to 6,824. 28 in afternoon trade on Friday, recovering from heavy falls in the previous session, with rallying oil prices providing an added boost.
The sale by Ei Group of 350-pub properties has progressed through to the second round, with several investment funds interested.
Africa-focussed oil and gas company Tower Resources announced on Friday that its wholly-owned subsidiary, Tower Resources Cameroon, has signed a contract with Vantage Drilling International for the Topaz Driller jack-up rig to provide drilling operations for the NJOM-3 well.