Latest News
London open: Miners lead UK equities lower
UK equities were in the red on Thursday with mining stocks leading the decline as oil and copper prices dropped.
Most EMEA corporate sectors see rise in 'Negative' rating pressure, Moody's says
The overall outlook for the EMEA non-financial corporate sectors remains stable for 2016, but risks have increased because of 'lower for longer' commodities prices and the knock-on effects on oil-exporting countries, according to Moody's.
Globaltrans Investment names Valery Shpakov as CEO
Globaltrans Investment has appointed Valery Shpakov as chief executive officer with immediate effect.
Serco consortium extends UK nuclear deterrent contract
A consortium including government outsourcing specialist Serco has won a new framework contract from the Ministry of Defence (MoD) to manage the UK’s nuclear warheads via the Atomic Weapons Establishment through to 2025.
US pre-open: Stocks seen touch lower ahead of jobless claims, Chicago PMI
US futures pointed to a marginally lower open on Wall Street as investors looked to the release of some key data points.
Eurozone CPI improves in March but remains negative
The eurozone consumer prices index improved in March but remained in negative territory at -0. 1%, according a flash estimate by Eurostat that was in line with consensus forecasts.
Credit Suisse initiates coverage of Hammerson, Intu Properties
Credit Suisse started Hammerson at ‘outperform’ with a 630p price target and Intu Properties at ‘underperform’ with a 300p price target as it initiated coverage of the European retail REIT sector.
Nomura reiterates TUI's 'buy' rating
TUI AG’s ‘buy’ rating and target price of €22. 60 (£17. 85) were left unchanged by Nomura after the company said summer holidays were higher than last year.
Asia report: Markets mixed at end of March quarter
Markets were mixed in Asia on Thursday, with some retreating from their strident advances seen earlier in the week after the dovish stance from US Federal Reserve chief Janet Yellen on the state of the economy.
Broker tips: TUI, Countryside Properties, Hammerson
TUI AG’s ‘buy’ rating and target price of €22. 60 (£17. 85) were left unchanged by Nomura after the company said summer holidays were higher than last year.
Norcros appoints Shaun Smith as FD
Bathroom accessories and fittings supplier Norcros has appointed Shaun Smith as group finance director with effect from 4 April 2016.
UK fourth quarter GDP revised higher, ONS reveals
UK economic growth in the fourth quarter was unexpectedly revised higher by the Office for National Statistics on Thursday.
Jefferies downgrades William Hill after profit warning
Jefferies downgraded William Hill to ‘underperform’ from ‘hold’ and slashed the price target to 280p from 380p following the company’s profit warning last week.
Peel Hunt starts Countryside Properties at 'buy'
Peel Hunt initiated coverage of Countryside Properties at ‘buy’ with a 290p price target.
BlackRock to reduce global headcount by 3%, reports say
Money manager BlackRock is poised for a major round of job cuts, according to media reports on Thursday.
UK consumer confidence remains low due to economic angst
UK consumer confidence remains stuck in the doldrums, with concerns about the economic situation dampening a more upbeat mood among individuals.
Nanoco rejigs Dow deal but warns of short-term revenue hit
Nanoco has rejigged its licence agreement with Dow Chemical, giving the US giant non-exclusive rights to use and market its cadmium-free quantum dots in return for a lower royalty rate on any sales Dow makes and no earn-out income.
AO World highlights strong fourth quarter amid market share gains
AO World surged on Thursday after the online electrical goods retailer said it enjoyed a better fourth quarter than it expected.
Panmure Gordon swings to full year loss
Institutional stockbroker and investment bank Panmure Gordon swung to a pre-tax loss in 2015 as extreme volatility, in large part due to concerns about Chinese growth and attendant collapses in commodity markets, constrained the equity capital markets.
Europe open: Stocks fall; telecoms under pressure
European stocks fell in early trade, with telecoms issues under pressure as investors looked to the release of some key data points.