Full List Of Stories
WPP slumps after double downgrade to 'sell' by UBS
WPP slumped on Thursday after UBS double downgraded the shares to ‘sell’ and slashed the price target to 700p from 1,200p, saying that 2024 was set to be another challenging year.
FTSE 100 movers: Whitbread rallies; WPP slumps on downgrade
London’s FTSE 100 was down 0. 8% at 7,592. 51 in afternoon trade on Thursday.
US consumer price inflation rises more than expected in December
US consumer price inflation rose more than expected in December, according to figures released on Thursday by the Labor Department.
Nisbets founder in talks with Bunzl about potential sale
The founder of Nisbets, a privately-owned catering equipment company, is reportedly in talks about a potential sale to Bunzl that would value the firm at between £450m and £500m.
London midday: FTSE dips ahead of US inflation reading
London stocks had dipped into the red by midday on Thursday, reversing earlier gains ahead of the latest US inflation reading, with M&S under the cosh after a trading update.
BofA Merrill Lynch ups easyJet to ‘buy’ on European capacity constraints
Bank of America Merrill Lynch upgraded easyJet on Thursday to ‘buy’ from ‘underperform’ and lifted the price target to 640p from 470p on European capacity constraints.
LondonMetric, LXI REIT to merge in £1.9bn deal
LondonMetric and LXI REIT announced on Thursday that they have agreed to merge in a deal that will create a £4. 1bn property company.
RBC Capital upgrades Antofagasta to 'outperform'
RBC Capital Markets upgraded its stance on Chilean copper miner Antofagasta on Thursday to ‘outperform’ from ‘sector perform’ and hiked the price target to 1,800p from 1,300p.
London open: Stocks gain ahead of US inflation; Tesco, M&S in focus
London stocks rose in early trade on Thursday following gains in the US and Asia, with supermarkets in focus after trading updates from Tesco and Marks & Spencer.
Grafton sees FY profit slightly above top end of analysts' range
Building materials group Grafton said on Thursday that full-year adjusted operating profit was set to be slightly ahead of the top end of analysts’ forecasts of £194m to £201m following a "resilient" performance.
London pre-open: Stocks seen up as investors eye US inflation
London stocks were set for a higher open on Thursday following gains on Wall Street and in Asia, as investors eyed the release of the latest US inflation reading.
Thursday newspaper round-up: Post Office, Boeing, Darktrace
Pressure is mounting on the government to review more than £2bn in new contracts awarded to Fujitsu since a court ruling in 2019 found its Horizon IT system caused accounting errors that were blamed on more than 900 post office operators who were then wrongly prosecuted by the Post Office. The Japanese company, which continues to hold the prestigious status of being a key “strategic supplier” making more than £100m annually from government work despite the scandal, has won 101 new contracts worth £2.