Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- British stocks closed lower on Friday, as European markets remained in the red and the pound continued to weaken against the dollar, while data showed Eurozone consumer price inflation eased slightly in October on an annual basis.
The blue-chip index FTSE 100 dropped 0.4% and the British GBP/USD fell 0.2% against the dollar to 1.3130.
The DAX index in Germany fell 0.7%, the CAC 40 in France slipped 0.4%.
UK house prices rise annually in October
UK house prices rose 2.4% annually in October, up from 2.2% in September, according to Nationwide’s House Price Index released Friday.
The monthly change showed a 0.3% increase, following a 0.5% rise in September. The average UK house price now stands at £272,226.
Robert Gardner, Nationwide’s Chief Economist, said the housing market has remained stable in recent months despite challenging economic conditions.
TT Electronics rejects DBAY’s takeover bids
In other UK business news, TT Electronics Plc (LON:TTG) has rejected three unsolicited takeover proposals from private equity firm DBAY Advisors over the past three months, with the most recent offer valuing the company at 130 pence per share.
The British company announced Friday it continues to favor the higher 155 pence per share offer from Swiss firm Cicor Technologies that was made public on Thursday. The Cicor offer represents a 19% premium over DBAY’s latest proposal.
Raspberry Pi CFO to step down in second half of 2026
Raspberry Pi Holdings PLC (LON:RPI) announced Friday that Chief Financial Officer Richard Boult plans to step down from his role in the second half of 2026.
Boult, who joined the low-cost computing company in 2019, has informed the board of his intention to explore new challenges after seven years with the firm, including two years following its listing on the London Stock Exchange.
Moonpig appoints Auto Trader’s Catherine Faiers as new CEO
Moonpig Group PLC (LON:MOONM) has appointed Catherine Faiers as its new Chief Executive Officer, the company announced Friday.
Faiers, who currently serves as Chief Operating Officer at Auto Trader, will take over leadership of the online greeting card and gift retailer following the previously announced departure of Nickyl Raithatha.
Moonpig had announced in June that Raithatha would be stepping down from his position as CEO.