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Tullett Prebon shareholders approve ICAP deal
Tullett Prebon shareholders have approved the interdealer broker’s acquisition of Icap’s hybrid voice broking and information business.
Salt Lake Potash placement raises more than £4m
Salt Lake Potash had a bit more cash in its back pocket than it expected on Thursday, having received enough subscriptions to increase its Australian placement announced on Wednesday to AUD 8. 38m (£4. 46m), from AUD 5. 2m.
Hedge fund Starboard proposes ousting entire Yahoo board
One of Yahoo's largest shareholders has written a letter to the internet group proposing to replace the entire nine-strong board of directors with its own nominees.
Another US interest rate hike may not be far off, Fed's Bullard says
The US central bank’s decision not to move on interest rates in March was not inconsistent with the guidance provided by rate-setters when they met in December; indeed, a further tightening in policy might not be far off, a top official said.
Brazil needs deep reforms, El-Erian says
Brazil has great potential but needs a political environment that allows the country to make a sustained push for economic reforms, according to one of the most well-regarded economic commentators.
FTSE 250 movers: Mitie slumps on revenue warning; energy stocks decline
London’s FTSE 250 index was down 0. 9% to 16,730. 80 at 1425 GMT, as weak oil prices outweighed a slightly better-than-expected reading on UK retail sales.
Results round-up
Full year profits from Next were at the upper end of expectations but the clothing retailer warned the year ahead could be the toughest since 2008, with new guidance that includes the possibility that profits could decline as much as 4. 5%.
Broker tips: Kingfisher, Mitie, gold stocks
Societe Generale upgraded B&Q owner Kingfisher to ‘hold’ from ‘sell’ and lifted the price target to 359p from 333p following the company’s results on Wednesday.
Mitie Group's 'buy' rating reiterated despite revenue warning
Mitie Group’s ‘buy’ rating was reiterated by Canaccord Genuity despite the company warning that full year revenues will be below the current range of market expectations of £2. 35bn.
US durable goods orders slump back lower
US capital investment in durable goods fell back into decline in February, after a spike in January, according to data from the Commerce Department.
AssetCo reports solid growth in 2015
AssetCo was looking up in 2015, reporting sizeable growth in revenue and profits in the 12 months to 30 September 2015.
US initial jobless claims rise a little less than expected
The number of Americans filing for unemployment benefits rose a little last week, according to the Labor Department.
Europe midday: Stocks extend losses as commodities pace the decline
European equity markets extended early losses on Thursday, with basic resources and energy stocks under the cosh as metals and oil prices declined.
London midday: Stocks decline as UK retail sales, oil prices fall
London stocks were on the back foot on Thursday as data showed UK retail sales fell and oil prices tumbled.
Osborne stands by sugar tax, tells drinks companies to 'bring it on'
Chancellor George Osborne stood by his decision to introduce a sugar tax on Thursday.
Asia report: Oil, Fed concerns weigh on markets
Concerns over Fed rates and fresh declines in oil prices saw Asian markets end Thursday in the red, as a number of them ended their week early for the Good Friday holiday.
US pre-open: Stocks seen lower as commodities decline
Stocks on Wall Street looked set for a downbeat open on Thursday, with oil and metals prices under the cosh as the dollar strengthened.
UK retail sales hold up in March, CBI says
UK retail sales have held up in March, according to an industry survey, with volumes expected to accelerate next month.
UK retail sales fall less than forecast in February, ONS reveals
UK retail sales fell in February as cold weather delayed the purchases of spring and summer attire, the Office for National Statistics revealed on Thursday.
Mortgage lending falls only slightly from post-crisis high, says BBA
Numbers of UK mortgage approvals for house purchases rose 20. 0% year-on-year in February, but unexpectedly fell compared to the previous month.