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FTSE 100 movers: Rolls-Royce rallies; utilities in the red
London’s FTSE 100 was up 0. 8% at 8,315. 75 in afternoon trade on Thursday.
Axel Springer to split classifieds business from media assets
Politico owner Axel Springer said on Thursday that it had struck a deal with its largest shareholder KKR to split its classifieds business from its media assets.
London midday: Stocks stay up as BoE stands pat; Fed cut provides a boost
London stocks were still firmly in the black just after midday on Thursday after the Bank of England left rates unchanged, as widely expected.
RBC Capital lifts price target on JTC after Citi Trust deal
RBC Capital Markets lifted its price target on JTC on Thursday as it updated its forecasts for the first-half results, forex and the Citi Trust acquisition, assuming it completes at the end of H125.
Berenberg starts coverage of Ashtead at ‘buy’, shares jump
Berenberg initiated coverage of equipment rental firm Ashtead on Thursday with a ‘buy’ rating and 7,000p price target.
Hill & Smith appoints Rutger Helbing as CEO
Hill & Smith said on Thursday that it has appointed Rutger Helbing as chief executive officer with immediate effect.
London open: FTSE rallies after bumper US rate cut; BoE in focus
London stocks rallied in early trade on Thursday as investors mulled a bumper rate cut from the US Federal Reserve and eyed the latest policy announcement from the Bank of England.
Bytes Technology hails strong first-half trading
Bytes Technology said on Wednesday that trading has remained strong since it updated the market at its annual meeting in July.
London pre-open: Stocks seen up as Fed cuts rate by 50 basis points; BoE eyed
London stocks were set to gain at the open on Thursday after the US Federal Reserve cut rates by 50 basis points and as investors eyed the latest policy announcement from the Bank of England.
Thursday newspaper round-up: Boeing, zero-hours contracts, voluntary insolvencies
Boeing’s CEO said on Wednesday that the company would begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week. The chief executive, Kelly Ortberg, said the layoffs would be temporary and affect executives, managers and other employees. – Guardian.