The FTSE 100 reversed earlier gains Friday, lagging continental peers after Thursday’s record close. Standard Chartered fell over 7% to the bottom of the index after US Republican Elise Stefanik urged Florida AG Pam Bondi to investigate the bank for “illicit payments to known terrorists,” accusing New York AG Letitia James of inaction. In contrast, miners Anglo American (+2%), Glencore (+1.8%), Antofagasta (+1.2%), and oil major BP (+2%) advanced. Meanwhile, AB Foods confirmed it will acquire Hovis from Endless, merging it with Kingsmill under Allied Bakeries to boost scale, cut costs, and drive innovation in bread products. Globally, markets looked ahead to a key meeting between US President Donald Trump and Russian President Vladimir Putin. The UK index booked its second consecutive week of gains.