1630: Close The FTSE finished the final session of the week up 15 points, with Tullow in the top spot throughout the day after announcing a significant oil discovery. Company news out late in the day included a United Drug subsidiary receiving a demand for payment, M&S lengthening its terms with non-food suppliers, and the return of SABMiller's Chairman. In terms of UK marco news, the economic recovery accelerated in August, although the pace of growth is likely to slow in coming quarters, a leading think tank said. Across the Atlantic, August US non-farm payrolls undershot forecasts, rising by 169,000, compared to expectations of 175,000. The FTSE closed up 15 points at 6,547.
1535: Copper miner Antofagasta is a high riser on the Footsie after some upbeat comments from Canaccord Genuity. The broker said that while it has revised its volume forecasts lower due to reduced investment by the firm, an improved free cash flow outlook means that it 'is likely to have the capability of paying substantial special dividends from late 2015'. The stock is up 2.16 per cent at 900p.
1502: Stocks have slumped to their worst levels of the day after reports that Russian President Vladimir Putin said that he would 'assist' Syria if it is attacked by the US. MarketWatch has said that it is not clear precisely what form of assistance this would be. The FTSE 100 is trading 27.5 points lower at 6,504.94.
1345: Chicago Fed President Charles Evans said the US Federal Reserve will begin scaling back its monetary stimulus later this year if economy improves but will keep interest rates near zero for another two years. While he failed to specify what month, and the wording is rather vague, it may fuel speculation that the Fed might begin trimming its 85bn dollars per month in bond purchases at its September policy meeting.
1330: Non-farm payrolls rose by 169,000 in August (Consensus: 180,000). The previous month's reading has been revised down to show a gain of 104,000, from the original estimate of 162,000. FTSE 100 up 22 to 6,554. The unemployment rate for last month was at 7.3 per cent, the lowest since December 2008 and down from 7.4 per cent in July.
1200: The FTSE was still lower ahead of the US jobs report due out this afternoon. Markets Stateside currently look set to open flat. The Irish Finance Minister has said the country may need a 10bn euro bailout to help smooth the transition on its exit from the bailout. Meanwhile, ABMiller said Chairman Graham Mackay had returned to work after a period of medical leave. The FTSE is down nine points at 6,523.
1046: The FTSE 100 is still rangebound with just 21 points separating the index's intraday low and high as traders treading cautiously ahead of the all-important US employment report due out this afternoon. Consensus estimates are for a 180,000 increase in non-farm payrolls last month, up from the 162,000 gain in July. The unemployment rate is expected to remain unchanged at 7.4 per cent, though this has already fallen speedily from 7.9 per cent in January. The data is due out at 13:30 London time. The FTSE 100 is down 6.46 at 6,525.98.
0900: The FTSE has edged lower in early trade, as investors adopt a cautious approach ahead of the all-important US jobs report. A recovery in the labour market would be seen as a deciding factor in the Federal Reserve's impending withdrawal of stimulus. Back in the UK, Tullow Oil was leading the upside after it revealed that the Wisting Central exploration well has made the first ever oil discovery in the Hoop-Maud Basin in the Barents Sea offshore Norway. Anglo American was the biggest faller, retreating one day after its 'buy' rating was reaffirmed by Investec. The FTSE is down 11 points at 6,521.