Latest News
ARM Holdings overvalued while over 750p, Bernstein says
The headwinds in the smartphone market in 2016, combined with slower royalty growth and the waning boost from the v8 product cycle, all meant that ARM Holdings current valuation multiples would come under pressure, broker Bernstein said.
Shire sets out bullish guidance for 2016 after beating quarterly forecasts
Shire beat fourth quarter sales forecasts and issued much stronger guidance for 2016, targeting double digit top-line growth and a 7%-10% increase in earnings before including the effect of its takeover of Baxalta.
US initial jobless claims fall more than expected
The number of first time unemployment benefits claimants in the US fell more than expected last week, signalling a degree of resilience in the labour market.
Informa restructure brings 2015 cheer
Informa was celebrating its 2015 results on Thursday, revealing some good numbers as a result of the company's renewed focus and restructuring over the 12 months to 31 December.
US pre-open: Futures fall on global sell-off concerns
US futures plunged on Thursday on continuing concerns about a global sell-off and as investors jumped to the safety of gold.
Thursday newspaper share tips: Steer clear of banking sector
The Telegraph’s Questor wasn’t so hot on the UK banking sector as it published an in-depth look into it on Thursday.
Results round-up
Rio Tinto was insistent it was weathering the commodities storm in its full-year results on Thursday, but the numbers were telling a different story - with net earnings down almost £5bn.
BoJ intervenes for second time to weaken yen
The Bank of Japan reportedly intervened for a second time this week on Thursday afternoon in a bid to weaken its currency.
Sainsbury's phasing out multi-buy promotions to cut regular prices
Sainsbury's has confirmed it is deliberately phasing out multi-buy promotions in favour of cutting regular prices as the supermarket group adapts to changing consumer spending patterns.
Cable & Wireless posts rise in third quarter earnings
Telecoms provider Cable & Wireless reported a rise in third quarter earnings and revenue, underpinned by cost synergies.
UBS sees signs of capitulation in markets, QE-effects on asset prices will stick
Investors in so-called quality-stocks should be wary, given the extreme divergence in valuations reached versus so-called 'value' stocks, UBS cautioned on Thursday.
Banks' valuations now appealing, worst of crude oil drop past, Credit Suisse says
Markets are interpreting the drop in the price of crude oil as the result of falling demand, but they were mistaken, a top-ranked strategist said.
London midday: FTSE declines as banking shares fall
UK stocks were in the red on Thursday as concerns about the banking sector escalated and oil prices dipped again.
Europe midday: Stocks slide as banks and energy weigh, investors seek safe havens
European stocks took a battering on Thursday, with banks and energy issues pacing the decline, as oil prices slid and investors fled to safety.
Broker tips: Smith & Nephew, Pennon, Halma
Smith & Nephew shares plunged on Thursday after UBS downgraded the company to ‘neutral’ on concerns about margin expansion.
UBS cuts Smith & Nephew rating on margin expansion concerns
Smith & Nephew shares plunged on Thursday after UBS downgraded the company to ‘neutral’ on concerns about margin expansion.
Johnston Press confirms talks to buy i newspaper for £24m cash
Johnston Press confirmed it is in late-stage discussions to buy the i newspaper from the publisher of the Independent, with a likely cash price of £24m.
Grainger's rents grow as streamlining steams ahead
Grainger's transition to a streamlined private sector landlord progressed well in the four months to 31 January, it reported, with growth in both its rentals and sales divisions.
Countrywide appoints Peter Long as chairman
Estate agency group Countrywide has appointed former TUI chief executive Peter Long as its new non-executive chairman.
Henderson's cautious outlook offsets earnings forecast beat
A more cautious outlook statement from Henderson Group sent shares in the company lower on Thursday despite annual earnings beating consensus forecasts.