The disappointment was palpable amongst AstraZeneca’s shareholders this morning with their shares plummeting up to 15% at the open to around £41.50 after the drug company rejected the latest offer by Pfizer for the company.

It felt like the worst could be over for UK listed mining stocks. But the positive mood didn’t last long towards the end of the week, with Rio dropping 2.5% to £32.86 and BHP Billiton falling 1.5% to £19.53 on Friday as the troubles surrounding the price of iron ore continued to plague the large mining groups.

The frustration continues for Xcite Energy shareholders following the AGM yesterday afternoon in Paris, with the shares down another 5% today after an 11% fall yesterday.

South Falkland basin oil and gas explorer, Borders and Southern (BOR), issued its preliminary results for 2013 today and unfortunately it didn’t contain the news that investors were hoping for.

Another big IPO is due to hit the London Stock Exchange shortly with Saga, the over 50 years of age focused financial services company.

The FTSE 350 oil and gas producers index has had a good last few weeks after a series of mergers and acquistions deals involving the likes of Heritage Oil and the Qatari’s as well as Glencore and Chad focused Caracal Energy.

The Dow Jones Industrial Average closed up 32 points yesterday at 16,583, up 0.4% on the week, beating the previous all time high of 16,581 set on April 30. The Nasdaq Composite finished the week at 4,072, a drop of 1.3% for the week and the S&P 500 finished at 1,878, marginally down 0.1% for the week.

Fastnet’s shares are down 44% over the last week to 6p. As highlighted back in April, wild cat drilling is risky and prone to failure…

It’s amazing what a difference a year makes when it comes to Apple shares. Last summer the shares dropped as low as $388. This week they had bounced back all the way to $600, their highest since October 2012 but still off their highs in September 2012 when they hit $700. The current market cap is $512 billion.

A big week for UK supermarket shares this week with Sainsbury reporting on Wednesday, Morrison’s on Thursday.