Full List Of Stories
Ocado tanks as Canadian partner Sobeys pauses launch of Vancouver warehouse
Ocado tumbled on Thursday as it said the planned launch of North American partner Sobeys' customer fulfilment centre in Vancouver had been paused and that the two have agreed to end terms related to mutual exclusivity.
Interpath in advanced talks to buy KPMG’s French restructuring arm - report
Interpath Advisory is reportedly in advanced talks to buy KPMG’s restructuring division in France, with a deal possible as soon as next month.
FTSE 100 movers: DS Smith in the black; Ocado tumbles
London’s FTSE 100 was up 0. 6% at 8,252. 48 in afternoon trade on Thursday.
Berenberg downgrades SSP to 'hold'
Berenberg downgraded its stance on shares of Upper Crust owner SSP to ‘hold’ from ‘buy’ on Thursday and cut the price target to 180p from 280p as it said first-half results outlined earnings risks.
London midday: FTSE stays just higher as BoE stands pat
London stocks were still just a touch higher by midday on Thursday as the Bank of England left interest rates on hold as widely expected, despite falling inflation.
JPMorgan slashes Spectris price target after profit warning
JPMorgan Cazenove cut its price target on Spectris on Thursday to 2,750p from 2,950p as it downgraded forecasts following the company’s profit warning a day earlier.
Berenberg slashes YouGov price target
Berenberg slashed its price target on YouGov on Thursday to 1,200p from 1,350p after the company warned that full-year profits and revenue will be lower than expected due to slow demand in its data products division.
Switzerland cuts interest rates again
The Swiss National Bank cut its key rate on Thursday to 1. 25% from 1. 5%.
YouGov warns profits will be lower than expected, shares tumble
YouGov tumbled on Thursday as it cautioned that full-year profits and revenue will be lower than expected due to slow demand in its data products division.
London open: Stocks nudge up ahead of BoE announcement
London stocks were just a touch firmer in early trade on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on interest rates at 5. 25%.
Alpha FMC to be taken over by Bridgepoint in £626m deal
Alpha Financial Markets Consultancy said on Thursday that it has agreed to be bought by private equity firm Bridgepoint for 505p per share in cash.
London pre-open: Stocks to edge up ahead of BoE announcement
London stocks were set to rise at the open on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on rates at 5. 25%.
Thursday newspaper round-up: Amazon, Chinese carmakers, Asos
Labour’s plans for ending Britain’s long-term economic stagnation have been backed by a group of leading economists, including three Nobel prize winners and a former Bank of England deputy governor. In a boost to the shadow chancellor, Rachel Reeves, the 16 UK and internationally based economists said change was “desperately needed” after the policy mistakes and failures of the past 14 years since the Conservatives took power. – Guardian.