BUSINESS LIVE: banks under pressure; British workers ignore the end of their leave

CLOSING OF BUSINESS: US job growth disappoints; Rising inflation could trigger market liquidation, BoE warns; GLS from Royal Mail acquires Canadian company

The FTSE 100 ended the week with modest gains, the index closing 17.5 points at 7,095.6, although the FTSE 250 lost 23.0 points to 22,536.2

The value of financial assets could be hit hard if investors react harshly to signs of weakening economic recovery or more persistent than expected inflation, the Bank of England has warned.

In company news, Royal Mail’s GLS ground parcel network will buy Rosenau Transport from Canada for $ 360 million, as it seeks to expand its freight forwarding services.

GLS chief executive Martin Seidenberg said the deal would bolster the group’s growth plans.

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