LONDON World shares slid towards their fourth weekly loss in the last five on Friday, as a boost from a supportive-sounding European Central Bank gave way to caution ahead of closely watched U.S.
Nearly one million people face having their homes repossessed because they have no plan to pay off their interest-only mortgages, but banks are still refusing to agree sensible repayment options particularly with older borrowers.
At 8:30 a.m. Eastern time, the Labor Department will report the latest data on hiring and the unemployment rate in August. Economists are looking for a gain of just under 220,000 jobs, while the unemployment rate is expected to decline by 0.1 ...
(Open): Shares in London fell sharply in early trade, surrendering much of the gains made on Thursday. After climbing 1.8% in the previous session, the FTSE 100 index was down 64.70 points, or 1%, at 6,129.40.
LONDON - The German drug maker Bayer said on Friday that it planned to list its newly spun off polymer business, Covestro, in an initial public offering in Germany this year.