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FTSE 100 movers: JD Sports in fashion; Vodafone goes ex-div
London’s FTSE 100 was up 0. 3% at 8,272. 80 in afternoon trade on Thursday.
ECB cuts rates for first time in five years
The European Central Bank cut interest rates by 25 basis points on Thursday, as widely expected.
London midday: Stocks tick up ahead of expected ECB rate cut
London stocks had ticked higher by midday on Thursday as investors eyed an expected 25 basis points rate cut from the European Central Bank.
JPMorgan reinstates ‘overweight’ rating on DCC
JPMorgan Cazenove reinstated coverage of DCC on Thursday with an ‘overweight’ rating and 6,700p price target.
UK construction sector grows at fastest pace in two years
The UK construction sector grew in May at its fastest pace in two years, according to a survey released on Thursday.
London open: Stocks nudge up ahead of ECB announcement
London stocks nudged up in early trade on Thursday following an upbeat close on Wall Street, as investors awaited an expected 25 basis points rate cut from the European Central Bank.
Wood Group to 'engage' with Sidara on takeover proposal
Wood Group said late on Wednesday that it had decided to "engage" with Sidara after the Dubai-based engineering and consulting firm made an improved and final takeover proposal last week at 230p a share.
London pre-open: Stocks seen up ahead of ECB announcement
London stocks were set to rise at the open on Thursday following an upbeat close on Wall Street, as investors awaited an expected rate cut announcement from the European Central Bank.
Mitie profits surge; Bridgepoint chair William Jackson to step down
London open The FTSE 100 was called to open around 28 points higher.
Thursday newspaper round-up: Nvidia, Rishi Sunak, M&S
Shares of Nvidia rallied to record highs on Wednesday, with the artificial-intelligence chipmaker’s stock market valuation hitting the $3tn mark and overtaking Apple to become the world’s second most valuable company. The chipmaker’s stock was up 5. 16% at $1,224. 40, giving Nvidia a market value of $3. 01tn at market close. Apple’s market capitalization was at $3. 00tn at market close as its stock climbed 0. 78%. – Guardian.