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European stocks extend gains; UK retail sales better than expected; NatWest up 7% after profit beat

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European stock markets were higher Friday, rounding off a solid week.

Shares of British bank NatWest rose over 7% on Friday afternoon after it reported stronger-than-anticipated full-year profit and confirmed Paul Thwaite as its permanent chief executive. The London-listed stock soared toward the top of the European benchmark on the news.

Meanwhile, shares of Temenos slipped over 6%, extending sharp losses from the previous session. The Swiss software company on Thursday released a statement saying its board of directors 'fundamentally refutes' a report by short-seller Hindenburg Research . The report had alleged 'hallmarks of manipulated earnings and major accounting irregularities' at Temenos. — Sam Meredith

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