The FTSE closed in the red on Friday despite better-than-forecast economic figures for August after it was dragged down by widespread negativity across Europe. Across the Atlantic, the Dow Jones lifted higher after Wall Street welcomed robust manufacturing and services output in the latest set of US figures. Meanwhile, sterling slumped against a strong dollar while a lack of progress in UK-EU talks also hit the currency. Airline stocks had a rare bit of respite, floating higher after the UK Government added Portugal to its travel corridor list. In company news, Rolls-Royce nudged higher after revealing it will enter into a strategic partnership with Reaction Engines to develop high-speed aircraft propulsion systems. It lifted the engineering firm, which has struggled in recent months, by 2. When the funds are raised, million dollars will be paid to BP for North Sea oil assets, and million dollars has been earmarked to pay down debt, it said. Elsewhere, Amigo shares jumped higher after founder James Benamor tweeted to say he will release an announcement in the coming days about his return to the subprime lender. Shares closed 1. The price of oil dropped after the disappointing data from the eurozone prompted dealers to dump oil for fear the economic recovery is under threat.
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