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FTSE 100 movers: Auto Trader surges on results; Coca-Cola HBC goes ex-div
London’s FTSE 100 was up 0. 5% at 8,221. 28 in afternoon trade on Thursday.
London midday: Stocks turn higher as Auto Trader rallies; US data eyed
London stocks had reversed earlier losses to trade up by midday on Thursday, with Auto Trader pacing the gains on the back of well-received results, as investors eyed US GDP and PCE figures.
Frasers closing in on deal to take control of Ted Baker’s UK arm - report
Mike Ashley's Frasers Group is reportedly closing in on a deal to take control of Ted Baker’s British arm, putting the future of its head office staff firmly in the balance.
Berenberg upgrades Currys to ‘buy’
Berenberg upgraded Currys on Thursday to ‘buy’ from ‘hold’ and lifted the price target to 90p from 67p as it said the electricals retailer was "a sound way to play the expected improvement in UK retail demand".
Jefferies downgrades Anglo American to 'hold'
Jefferies downgraded Anglo American to ‘hold’ from ‘buy’ on Thursday and slashed the price target to 2,700p from 3,200p after BHP abandoned its £39bn pursuit of the London-listed miner as the deal structure couldn’t be resolved.
Nightcap abandons pursuit of Revolution Bars
Nightcap confirmed on Thursday that it does not plan to make an offer for Revolution Bars, which said earlier this week that it had rejected a takeover proposal from the Piano Works owner.
London open: Stocks edge down as investors eye US GDP, PCE
London stocks edged lower in early trade on Thursday as worries that rates will stay higher for longer continued to dent sentiment, with attention turning to upcoming US GDP and PCE figures.
De La Rue in talks over potential sale of divisions
Banknote maker De La Rue said on Thursday that it was delaying the publication of its full-year results as it is currently in talks with a number of parties who have made proposals or expressed an interest in buying either of its divisions.
London pre-open: Stocks seen down as investors eye US GDP, PCE
London stocks were set for more losses on Thursday following a downbeat session on Wall Street, after concerns that US rates will stay higher for longer led to a surge in bond yields.
Dr Martens profits slump, Bodycote backs full-year guidance
London open The FTSE 100 was called to open down around 40 points.
Thursday newspaper round-up: Sony Music, Royal Mail, house prices
A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a ‘financial services manifesto’ released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google.