London shares closed lower on Thursday with banks leading the drop in blue-chip stocks in a session overflowing with mostly well-received corporate news.
London stocks closed mixed after a Friday session that saw blue-chip consumer goods giant Unilever fly higher after it slapped away a $143bn offer from Kraft Heinz, which has indicated it will return to the table.
AstraZeneca: Jefferies reiterates Buy with a target price of 5250p.
London equities limped to a lower close Thursday, pulled down by a trinity of factors including dollar weakness, a tendency to safe-haven gold and ex-dividend stocks.
FTSE 100 is higher on Friday afternoon thanks to a string of mining behemoths led by Rio Tinto congregating atop the risers' list, albeit offset by a motley group of fallers led by consumer goods giant Reckitt Benckiser.
Shares Rio Tinto are up more than 3% after the mining giant confirmed the appointment of three oil- and energy-sector heavyweights to the boards of London-quoted Rio Tinto Plc and Australia-listed Rio Tinto Ltd.
Northgate: Barclays reiterates Neutral with a target price of 600p.
SSE: Barclays reiterates overweight with a target price of 1695p.
Royal Dutch Shell has struck a pair of deal to sell assets in the North Sea and offshore Thailand for a total of $4.7bn.
Royal Dutch Shell B: UBS reiterates buy with a target price of 2500p.
Royal Dutch Shell has completed the $1.4bn sale of a stake in Japan-based Showa Shell Sekiyu and agreed to offload its Australian aviation fuel business.
As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday.
London equities ended Tuesday on a sharply higher note with major miners storming ahead in tandem with soaring industrial metals prices, and followed by a string of banks and insurers.
BT Group: UBS reiterates neutral with a target price of 400p.
ITM Power, an energy storage and clean fuel company, has been granted planning permission from South Buckinghamshire District Council to construct a hydrogen refuelling station at oil behemoth Royal Dutch Shell's filling station in Beaconsfield.
Coca Cola HBC: Barclays keeps at underweight with a target price of 1630p.
Royal Dutch Shell's third quarter results improved from the second and beat forecasts, however the oil giant remains uncertain about the oil price outlook.
London equities closed down on Monday amid sharply lower crude prices and as the market looks to policy calls from Bank of England and the US Federal Reserve later in the week.
Rapid improvements in battery technology are making electric vehicles (EVs) increasingly popular and casting a significant shadow over prospects for future oil demand, a major credit agency has warned.
Investors dumped UK government bonds yesterday in one of the heaviest sell-offs since the Brexit vote as international demand for sterling assets declined rapidly. Overseas investors are becoming increasingly worried that inflation and a move by the Conservative government towards a "hard" Brexit will lead to a downgrade in the UK's creditworthiness. The pound's fall has also reduced expectations that the Bank of England will cut interest rates further this year. - The Times