Asian shares also fell on Friday, but trading was light with investors largely sidelined before the U.S. jobs data. Read Asian stock market down september 2 2011.
Banks, Thursday's big gainers in London, could lead the retreat on Friday following big falls by U.S. peers after the New York Times reported a suit was being prepared to be filed against big U.S. banks such as Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank by the agency that oversees U.S. mortgage markets.
Stocks to watch september 2 2011
BARCLAYS
Bob Diamond, the bank's chief executive, is to hold talks with British finance minister George Osborne on Friday as bankers mount a last-ditch effort to delay implementation of banking reforms, The Guardian said.
GLAXOSMITHKLINE
The drugmaker has taken a group of private equity funds and strategic bidders through to a second round of the sale of its non-core over-the-counter products, estimated to be worth 1.5 billion pounds, the Financial Times said.
TULLOW OIL
Traders talked up possibilities of bid interest for the UK-listed oil explorer On Thursday, according to newspaper market reports, with a possible 1,500 pence a share takeover approach from China National Offshore Oil Corporation mentioned.
LONDON STOCK EXCHANGE
The London Stock Exchange has made a bid for a majority stake in LCH.Clearnet, values Europe's last remaining independent clearing house at about 1 billion euros ($1.4 billion), the Financial Times said.
KESA ELECTRICALS
The chances of Kesa selling Comet, its ailing UK chain, appear to be receding, despite Friday being the day for final bids, The Independent said.
CYRIL SWEET GROUP
The construction consultancy holds its annual general meeting.
HOLIDAYBREAK
The tour operator holds a shareholder meeting
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