Full List Of Stories
FTSE 100 movers: Kingfisher boosted by upgrade; Relx in the red
London’s FTSE 100 was up 0. 6% at 7,609. 88 in afternoon trade on Thursday.
Biome Technologies secures £490,000 contract
Biome Technologies said on Thursday that its RF Technologies division has secured a contract with a revenue value of £490,000 to supply a second novel induction furnace system (‘The System’) to a global manufacturer of scientific glass products.
White Stuff founders exploring a sale - report
The founders of fashion retailer White Stuff are reportedly exploring a potential sale.
Bank of Georgia in talks over potential acquisition of Ameriabank
Bank of Georgia confirmed on Thursday that it is in advanced talks with Ameriabank about a potential acquisition of the Armenian bank.
London midday: Stocks dip as investors mull GDP; airlines fly higher
London stocks had dipped into the red by midday on Thursday as investors mulled news that the UK fell into recession at the end of 2023.
Citi upgrades Kingfisher to ‘buy’ from ‘neutral’
Citi upgraded B&Q and Castorama owner Kingfisher on Thursday to ‘buy’ from ‘neutral’ as it argued the UK housing recovery supports a re-rating.
JPMorgan sees scope for Auto Trader to underperform
JPMorgan Cazenove struck a cautious note on the outlook for Auto Trader on Thursday as it took a look at the UK automotive retail sector.
RBC Capital upgrades Transact owner IntegraFin to ‘outperform’
RBC Capital Markets upgraded Transact owner IntegraFin Holdings on Thursday to ‘outperform’ from ‘sector perform’ and lifted the price target to 330p from 280p.
Genus tumbles after warning on full-year profits
Genus shares tumbled on Thursday as the animal genetics company warned on full-year profits.
London open: FTSE gains as investors mull GDP data
London stocks rose in early trade on Thursday, taking their cue from gains in the US and Asia, as investors mulled news that the UK fell into recession at the end of 2023.
AO World buys IP rights of mobile phone retailer A1 Comms for £2.2m
AO World jumped on Thursday, having announced after the close of markets on Thursday that it had the bought intellectual property rights of mobile phone retailer A1 Comms from administration for £2. 2m in cash.
London pre-open: Stocks seen up; UK falls into recession
London stocks were set for a firmer open on Thursday following gains in the US and Asia, as data showed the UK fell into recession at the end of 2023.
Thursday newspaper round-up: Rate cuts, Virgin Money, NatWest, Lyft
The Bank of England governor has doused hopes that better-than-expected inflation news last month will accelerate cuts in interest rates, stressing the need for further evidence of wage moderation before Threadneedle Street moves. Appearing before the House of Lords economics committee on Wednesday, Andrew Bailey said it was “encouraging” that inflation had remained unchanged at 4% in January but the previous month’s figure for the cost of living had been higher than predicted.