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FTSE 250 movers: Renishaw retreats on results; Watches of Switzerland sparkles
London’s FTSE 250 was down 0. 7% at 17,967. 84 in afternoon trade on Thursday.
FTSE 100 movers: Ex-divs weigh; Spirax-Sarco bounces back
London’s FTSE was down 1. 3% at 6,198. 71 in afternoon trade on Thursday.
US open: Stocks mixed as jobless claims fall below 1 million
US stocks were mixed in early trade on Thursday as data showed initial jobless claims fell below 1 million for the first time since the coronavirus pandemic hit in mid-March.
Broker tips: Asos, John Laing, Softcat
Liberum upped its stance on shares of online retailer Asos to ‘hold’ from ‘sell’ on Thursday following the company’s upbeat update a day earlier, hiking the price target to 5,000p from 2,450p.
Berenberg downgrades Softcat, reiterates 'buy' on Computacenter
Berenberg downgraded its stance on IT infrastructure provider Softcat to ‘hold’ from ‘buy’ on Thursday as it highlighted an uncertain outlook.
London midday: Stocks firmly in the red ahead of US jobless claims
London stocks were firmly in the red by midday on Thursday, with ex-dividends weighing heavily as hopes of further US stimulus faded and a trade dispute between the US and Europe dented sentiment.
Barclays upgrades John Laing on improving outlook
Barclays upgraded John Laing to ‘overweight’ from ‘neutral’ on Thursday as it pointed to "signs of a turn in the tide of negative news".
Renishaw profits drop amid 'very challenging' economic conditions
FTSE 250 engineering company Renishaw posted a drop in full-year profit on Thursday as revenue fell amid "very challenging" economic conditions.
Liberum upgrades Asos to 'hold' after update
Liberum upped its stance on shares of online retailer Asos to ‘hold’ from ‘sell’ on Thursday following the company’s upbeat update a day earlier, hiking the price target to 5,000p from 2,450p.
London open: Stocks fall ahead of US jobless claims; ex-divs weighs
London stocks fell in early trade on Thursday following solid gains in the previous session, with ex-dividends weighing on the index, as investors eyed the latest US jobless claims.
4imprint H1 'significantly impacted' by Covid-19
4imprint, a direct marketer of promotional products, said on Thursday that half-year pre-tax profit tumbled to nearly nothing as it was "significantly" impacted by the Covid-19 pandemic.
London pre-open: Stocks seen lower ahead of US jobless claims
London stocks were set to fall at the open on Thursday following strong gains in the previous session, as investors eyed the latest US jobless claims.
Thursday newspaper round-up: National Grid, BP, working from home
National Grid has fired up a coal-fired power station for the first time in 55 days after Britain’s record-breaking heatwave brought wind turbines to a near-standstill and caused gas-fired power stations to struggle. The electricity system operator brought Britain’s latest coal-free streak to an end by calling for the Ratcliffe-on-Soar power station in Nottinghamshire to begin generating electricity before a peak in electricity demand. – Guardian.