London close: Stocks slip as Brexit summit and retail sales disappoint
(Sharecast News) - London stocks limped lower on Thursday as Brexit squabbling hit the pound along with disappointing retail sales data and hawkish minutes from the US Federal Reserve.
Director dealings: Telit chairman ups stake
(Sharecast News) - Telit Communications chairman Paolo Dal Pino purchased 135,000 ordinary shares in the AIM-listed tech firm.
Smart Metering Systems gains 1m access points through new agreement
(Sharecast News) - Smart Metering Systems (SMS) signed an exclusive agreement to install and provide meters for energy provider First Utility until 31st December 2021.
New Look to exit Chinese market
(Sharecast News) - Fashion retailer New Look has announced plans to exit its retail business in China by the end of the year.
Russian rouble steady despite hawkish Fed minutes
(Sharecast News) - Russia's rouble was recovering from earlier weakness triggered by what analysts labeled a 'hawkish' set of US central bank meeting minutes.
Philip Morris sales and revenue grow as IQOS sales dart up
(Sharecast News) - Tobacco giant Philip Morris turned in better-than-expected quarterly profits on Thursday, with the company's figures boosted by increased sales of its IQOS tobacco-heating device.
US open: Losses at the bell following latest Fed minutes
(Sharecast News) - Wall Street trading began with more losses on Thursday as investors continued to digest the latest set of meeting minutes from the Federal Reserve.
FTSE 250 movers: Domino's enjoys slice of fortune, Games Workshop bashed
(Sharecast News) - London's mid cap index was roughly unchanged at 19,019.35 late on Thursday, as Domino's Pizza leaped and Mediclinic slumped.
Urban Logistics pleased with first half leasing progress
(Sharecast News) - Specialist UK logistics real estate investment trust Urban Logistics updated the market on its trading on Thursday, following the close of its interim financial reporting period to 30 September, claiming a like-for-like increase of 6.6% in its portfolio valuation since 31 March, t...
Serinus Energy blames contractor and Transgaz for Romania delays
(Sharecast News) - Serinus Energy updated the market on its operations on Thursday, reporting that the Moftinu gas plant in Romania was now completed and able to operate at pressure with sustained production, but was waiting for the installation of the 'Low Temperature Separation' (LTS) unit and the...
Earnings and revenue head south at Peel Hotels
(Sharecast News) - Peel Hotels issued its interim results for the 28 weeks ended 12 August on Thursday, reporting a 6.4% decrease in sales to £8.1m, and a 63.4% fall in operating profit to £0.22m.
Broker tips: Boohoo, Mediclinic, OneSavings Bank
(Sharecast News) - Bank of America Merrill Lynch initiated coverage of fast fashion retailer Boohoo with a 'buy' rating and 280p price target on Thursday.
Friday preview: China data, London Stock Exchange in focus
(Sharecast News) - Markets' focus will switch back towards China at the end of the week with a barrage of economic indicators set for release, including readings on third quarter gross domestic product, as well as on on retail sales, industrial production and fixed asset investment for the month of ...
US initial unemployment claims hold near record low
(Sharecast News) - US jobless claims dipped last week, holding near their record lows.
FTSE 100 movers: Pearson pops higher but CRH hit by HeidelbergCement warning
(Sharecast News) - London's FTSE 100 was up 0.1% to 7,063.52 in afternoon trade on Thursday.
Tariffs will take toll on US economy, warns UBS
(Sharecast News) - A tricky period lies ahead for the US, warned UBS, as Donald Trump's trade war with China begins to exert a sizeable but passing influence on an economy enjoying multi-decade lows in unemployment and undergoing monetary tightening.
Applied Graphene losses widen as contract delays limit revenues
(Sharecast News) - Industrial coatings producer Applied Graphene Materials assured investors it has been working to convert several of its 120 commercial engagements into supply agreements after the London-listed outfit turned in another heavy loss on Thursday.
Philly Fed index dips less than expected in October
(Sharecast News) - Manufacturing conditions in the Philadelphia region deteriorated less than expected in October, according to a survey released on Thursday.
Sector movers: Building materials in the red, but 'offers opportunities'
(Sharecast News) - Construction & materials was one of the main weights on the main London stock indices on Thursday.
Santander next bank in line in German tax evasion probe
(Sharecast News) - Spanish bank Santander is the latest bank to come under scrutiny from German prosecutors' probe into alleged tax evasion practices which may have cost the government around €10bn.
BoA Merrill Lynch starts Boohoo at 'buy', notes three pillars of success
(Sharecast News) - Bank of America Merrill Lynch initiated coverage of fast fashion retailer Boohoo with a 'buy' rating and 280p price target on Thursday.
Europe midday: Stocks higher as investors focus on corporate results
(Sharecast News) - Stocks on the Continent are trading mostly higher, with investors brushing off a sharp drop overnight in Chinese stocks following the release of a 'hawkish' set of US central bank meeting minutes.
Reneuron's stem cell technology could produce cancer-combating cells
(Sharecast News) - New data from a study by Reneuron has encouraged the company that its stem cell technology could be adapted to specifically attack cancerous cells.
US pre-open: Stocks seen lower as Fed minutes digested
(Sharecast News) - US stocks pointed to a slightly lower open on Wall Street on Thursday as investors continued to digest the latest minutes from the Federal Reserve.
Gatwick Airport unveils plans for a second runway
(Sharecast News) - Gatwick Airport has unveiled "ambitious" expansion plans, including converting its emergency runway into a second runway, as it seeks to dramatically increase capacity.
Barclays cuts price target for Mediclinic after 'disappointing' trading update
(Sharecast News) - Barclays has called Mediclinic International's latest trading statement disappointing, and has cut its price target on the stock.
London midday: FTSE gains fleeting as retail sales disappoint
(Sharecast News) - London stocks mounted a failed attempt to climb out of their early hole on Thursday as Brexit developments helped investors shrug off disappointing retail sales data and hawkish minutes from the US Federal Reserve.
Thursday broker round-up
(Sharecast News) - Mediclinic: Barclays downgrades to equal weight with a target price of 460p.
AfriAg makes maiden investment into medicinal marijuana sector
(Sharecast News) - London-listed food and logistics group AfriAg Global has made its first investment into the medicinal cannabis sector.
Live Company plans UK Lego-building tour
(Sharecast News) - Live Company's newly acquired Lego brick building company, Bright Bricks, will contribute new displays to the Bricklive tour across the UK over the winter.
Low-cost airline Cobalt collapses
(Sharecast News) - Budget airline Cobalt has suspended operations after reportedly failing to reach an agreement with a potential investor.
Powerhouse Energy seeks out additional commercial opportunities
(Sharecast News) - AIM-listed waste-to-plastic business Powerhouse Energy told investors on Thursday that it had been hard at work seeking out additional opportunities for its technology.
Asia report: Most markets lower after Fed minutes release
(Sharecast News) - Markets in Asia finished mostly lower on Thursday, as investors spent much of the session digesting the latest Federal Reserve minutes out of the US overnight, which flagged further rate hikes in the land of the free.
Modern Water enters collaboration deal with South Africa's WEC Projects
(Sharecast News) - Water and wastewater technology company Modern Water has entered into a collaboration agreement with South African EPC contractor WEC Projects, it announced on Thursday.
US to quit Universal Postal Union; treaty gives China unfair advantage, says White House
(Sharecast News) - US President Donald Trump has fired the latest salvo in his increasingly bitter trade war with China by announcing plans to pull out of the United Nation's Universal Postal Union.
Versarien enters collaboration to develop oil and gas industry products
(Sharecast News) - Versarien on Thursday signed a collaboration agreement with Advanced Insulation, a supplier of fire retardant coatings, sub-sea insulation materials and buoyancy products.
UK regulators publish plan to protect pension savers
(Sharecast News) - UK regulators on Thursday unveiled a joint plan to get better value for money on pension investments.
Macquarie upgrades OneSavings Bank, cites undervalued growth
(Sharecast News) - OneSavings Bank got a boost on Thursday as Macquarie lifted the stock to 'outperform' from 'neutral' and upped the price target by 9% to 464p.
Novartis to buy US-based Endocyte for $2.1bn
(Sharecast News) - Swiss drug maker Novartis has agreed to buy US-based biopharmaceutical group Endocyte for $2.1bn in cash.
Tatton nears £6bn assets after 16% increase
(Sharecast News) - Tatton Investment Management enjoyed a 16% increase in the value of assets under its management in the six-months ended 30 September as the total amount reached £5.7bn.
Clear Leisure files an appeal against court's decision in Mediapolis case
(Sharecast News) - Italian-focused investment firm Clear Leisure told investors it had filed an appeal against the decision of the Ivrea Court to refuse assignment of 497,884 square metres of land owned by now-defunct outfit Mediapolis to the company.
US could force UK to discard post-Brexit trade deal with China
(Sharecast News) - The UK could be forced to choose between the United States and China when striking trade deals after Brexit, according to reports.
Retail sales ease as summer splurge comes to an end
(Sharecast News) - A bumper summer of consumer spending came to an end with lower retail sales than expected last month, with UK food sales suffering their biggest fall for nearly three years.
Imaginatik secures over $1.5m in renewals and new business.
(Sharecast News) - Imaginatik has secured more than $1.5m worth of orders since the start of September and is close to appointing a nominated adviser to allow trading in its shares to resume.
Zytronic's revenue growth offset by narrowing margins
(Sharecast News) - Zytronic's revenues improved during the second half of its trading year, but the increased level of business meant that new designs and production techniques squeezed margins more than expected.
National Express reports solid summer across the group
(Sharecast News) - National Express Group updated the market on its trading for the period from 1 July to 30 September on Thursday, reporting a "good summer's trading", describing performance in UK coach as "outstanding", and in the Spanish division as "particularly strong".
Collagen Solutions CEO to present update at biotech showcase next month
(Sharecast News) - Biomaterials manufacturer Collagen Solutions revealed on Thursday that chief executive Jamal Rushdy will be presenting at next month's Investival Showcase in London.
Urban Exposure hails 'strong pipeline' after seven new loans agreed
(Sharecast News) - Urban Exposure, the residential development finance and asset management company, has closed seven new development project loans in the past three months.
GVC powers on as digital presence drives growth
(Sharecast News) - GVC Holdings revenues growth accelerated in the third quarter of its financial year as the owner of bookmaker Ladbrokes and various online gaming brands gained market share in all major territories.
HarbourVest Global Equity pleased with first half growth
(Sharecast News) - Closed-end investment company HarbourVest Global Private Equity announced its unaudited results for the six months ended 31 July on Thursday, reporting 6.8% growth in net asset value per share to $22.93, from $21.46 as at 31 January.
London open: Stocks nudge down after hawkish Fed lifts yields
(Sharecast News) - London stocks nudged lower at the open on Thursday as investors mulled hawkish minutes from the Federal Reserve and eyed the latest Brexit developments, ahead of the release of UK retail sales data.
Bricks-and-mortar operations drag The Rank Group revenue down
(Sharecast News) - As investors gathered for its annual general meeting, The Rank Group updated the market on its trading on Thursday morning, with like-for-like revenue in the 16 weeks to 14 October falling by 4.9%.
Domino's Pizza Group sees third quarter growth amid hot weather, UK uncertainty
(Sharecast News) - Domino's Pizza Group updated the market on its third quarter trading on Thursday, reporting 5.9% growth in group system sales for the 13 weeks ended 30 September to £303.3m, with an organic growth rate of 6.0% for the period.
RWS Holdings revenues soar in 'transformational year'
(Sharecast News) - AIM-listed intellectual property firm RWS Holdings saw revenues soar in its last trading year following its recent acquisition of Czech translation service Moravia.
Equiniti pleased with progress at recent acquisition Boudicca
(Sharecast News) - Share services and fintech business Equiniti Group told shareholders on Thursday that social and political pressure was changing the way companies approached governance, which had led to "unprecedented growth" at its new acquisition, Boudicca.
Avast Q3 revenues up, sees FY in line with expectations
(Sharecast News) - Cybersecurity company Avast said third-quarter adjusted revenue rose by 8.6% to $206.3m, adding it remained confident full year results would be in line with expectations.
Renishaw revenues up but profit down in Q1
(Sharecast News) - High-precision metrology and healthcare technology group Renishaw posted a rise in first-quarter revenue but a drop in profit on Thursday.
Games Workshop says sales up, but aware of 'uncertainties' ahead
(Sharecast News) - Tabletop gaming chain Games Workshop Group said trading to October 7 had "continued well", but added that it was aware of "uncertainties" in future trading periods.
London pre-open: Stocks to edge up ahead of retail sales data
(Sharecast News) - London stocks were set to edge up a little at the open on Thursday as investors mulled hawkish minutes from the Federal Reserve and eyed the latest UK retail sales data.
Hilton Food to buy 50% stake in Dutch manufacturer Dalco
(Sharecast News) - Food packing business Hilton Food has agreed to by a 50% stake in Dutch vegetarian product manufacturer Dalco, subject to clearance from the Dutch competition authority.
Intu makes solid leasing progress with several new brands
(Sharecast News) - Intu Properties updated the market on its leasing activity on Thursday, reporting that Mazda, Shortlist Media, Monki, Oliver Bonas and Typo were among the latest brands to sign new leases with the owner and manager of UK and Spain shopping centres.
Rentokil Q3 revenue rises as CMA raises worries over Cannon purchase
(Sharecast News) - Third quarter ongoing revenue at pest control group Rentokil increased by 11.8% to £637.4m at constant exchange rates, as the UK competition regulator flagged concerns about its purchase of Cannon Hygiene.
Unilever ups pricing to boost sales growth
(Sharecast News) - Unilever reported an acceleration in underlying sales growth for the third quarter as the consumer goods colossus was able to nudge up prices while still expanding volumes.
Thursday newspaper round-up: Brexit, US rates, power, restaurants
(Sharecast News) - Theresa May has hinted that the UK could extend the Brexit transition period to allow more time for trade talks, but she dismayed leaders at a crunch Brussels summit by failing to offer any new ideas to break the impasse over the Irish border. In a development that immediately dre...