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FTSE 250 movers: Travel stocks rally; Hammerson heads lower
London’s FTSE 250 was down 0. 5% at 17,613. 38 in afternoon trade on Thursday.
FTSE 100 movers: Melrose Industries rallies; Next hit by downgrade
London’s FTSE 100 was up 0. 2% at 5,951. 38 in afternoon trade on Thursday.
Morgan Stanley downgrades rating on 'very overvalued' Next shares
Morgan Stanley downgraded its rating on shares of Next on Thursday to ‘underweight’ from ‘equalweight’ arguing that the stock is "very overvalued", currently trading higher than it was a year ago, which it said "makes very little sense" given it’s been hit hard by the Covid-19 pandemic.
Costa Coffee says 1,650 jobs at risk due to Covid-19
Costa Coffee said on Thursday that 1,650 jobs are at risk as it looks to cut costs amid uncertainty due to the Covid-19 pandemic.
London midday: FTSE maintains gains as investors mull services data
London stocks were still on the front foot by midday on Thursday - albeit lagging their European peers - as investors mulled over the latest reading on the UK services sector.
Capita says it has not received an offer from CVC
Capita said on Thursday that it has not received an offer from private equity firm CVC Capital Partners.
Eurozone services sector growth grinds to a halt
Growth in the eurozone services sector nearly ground to a halt in August amid a rise in new coronavirus cases, according to data released on Thursday.
Gem Diamonds H1 profit falls after Covid disrupts operations
Gem Diamonds reported a decline in first-half pre-tax profit on Thursday as revenue fell after its operations were disrupted by the Covid-19 crisis.
Dart Group to add further capacity, change name to Jet2
Dart Group announced plans on Thursday to change its name to Jet2, as it said it will continue to add capacity for the rest of Summer 2020.
Law Debenture appoints Trish Houston as COO
Law Debenture has appointed Trish Houston as its new chief operating officer.
London open: Stocks rally ahead of services data; Melrose surges
London stocks rose in early trade on Thursday, taking their cue from a solid session on Wall Street as US stimulus and Covid-19 vaccine hopes continue to underpin sentiment.
CMC Markets FY net operating income to exceed consensus
Online trading platform CMC Markets said on Thursday that 2021 net operating income is set to exceed the upper end of current market consensus.
Kainos sees FY results in line with consensus expectations
Kainos said on Thursday that its results for the year to the end of March are set to be in line with consensus forecasts.
London pre-open: Stocks seen higher ahead of services data
London stocks were set to edge up at the open on Thursday as investors eyed the latest reading on the UK services sector, with US stimulus and Covid-19 vaccine hopes expected to continue underpinning sentiment.
Thursday newspaper round-up: Offices, empty shops, Tesla
The Bank of England has cast doubt on the government drive to get workers back to offices, after a senior official warned it was impossible for large numbers of staff to return to central London and other big cities while risks from Covid-19 remained. Pouring cold water on the government campaign, Alex Brazier, the Bank’s executive director for financial stability strategy and risk, said it was “not possible” for a mass return to city centre offices across Britain this autumn due to Covid guidelines, concerns over the health risks, and transport capacity issues.