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JP Morgan says National Grid strategy will pay dividends
National Grid’s strategy could be expected to pay dividends – literally so – JP Morgan said.
Asa Resource transfers licences to Zhejiang Hailiang
Asa Resource Group announced new developments in its partnership with Zhejiang Hailiang Company on Thursday, which was originally formed in 2013.
JP Morgan reiterates 'overweight' on pan-European Energy and Materials
Pan European small and mid-cap share outperformance year-to-date, as commodity prices rose again and the recovery in the Eurozone and its periphery got underway, was proof that a good stock strategy can help, analysts at JP Morgan said.
FTSE 250 movers: Tullow shines on oil rally; Henderson goes ex-div
London’s FTSE 250 index was down 0. 1% to 16,636. 27 in afternoon trading.
Morrisons sales continue moving up in first quarter
Morrisons increased like-for-like sales 0. 7% in the first quarter, or by 1. 2% including fuel, at the top end of market expectations.
FTSE 100 movers: Centrica under pressure; BT's EE boost cheers investors
The FTSE 100 was as quiet as a mouse on Thursday as data showed a slowdown in UK and China services activity growth in April. At 1429 BST the blue chip index was down 0. 07% at 6,108.
Old Mutual Asset Management sees Q1 net economic income fall 14%
OM Asset Management, the majority-owned subsidiary of Old Mutual, said first quarter economic net income fell 14. 2% year on year to $32m, or $0. 27 per share.
Oil sector leads in US corporate layoff announcements in April
US corporates announced 65,141 job-cuts in the month of April according to the results of a widely-followed survey.
US initial jobless claims rise more than expected
The number of Americans filing for unemployment benefits rose more than expected last week, according to the Labor Department.
BT unveils massive network investment and strong final results
After completing what it called a "landmark year", BT Group unveiled a £6bn network upgrade programme for its newly acquired EE mobile business and Openreach infrastructure arm, including laying ultrafast fibre-optic broadband lines to around two million premises over the next three years.
Sky and EEF criticise BT's digital investment plans
BT's newly announced multi-billion-pound investment in the UK's broadband network has received stinging criticism from UK manufacturers and rival Sky over the continued use of legacy copper wire technology and the slow, uncertain pace of improvements to the nation's digital infrastructure.
Turkish markets bounce as PM Davutoglu steps down, Erdogan concerns remain
Turkish Prime Minister Ahmet Davutoglu has stepped down amid growing tensions with President Recep Tayyip Erdoğan, raising concerns of a further shift towards authoritarian policymaking in the country.
Rio Tinto reduces debt by USD1.5bn after buyback
Rio Tinto confirmed it bought back $1. 5bn of near-term maturing debt, as hoped, in a pair of tender offers to bondholders.
United Cacao defends farming practices after press attack
Peruvian cocoa farming company United Cacao was forced to respond to accusations of illegal deforestation on Thursday, working to assure investors it operates in compliance with local and environmental laws.
BGEO completes pharmaceutical retail acquisition
Bank of Georgia holding company BGEO Group confirmed its healthcare arm has completed the acquisition one of the top three pharmaceutical retailers and wholesalers in Georgia.
John Laing ups stake in Barcelona Metro project
John Laing Infrastructure Fund has entered into an agreement with Acsa, a member of the Sorigue Group, to acquire an additional 13. 5% interest in the Barcelona Metro Stations Line 9 Section II project.
IMI sees stronger second half; FY in line with expectations
Industrial engineering firm IMI said its full year expectations remained unchanged, with an improved performance predicted for the second half.
Europe midday: Stocks waver as investors wade through earnings
European stocks wavered as a rebound in oil prices was offset by a reluctance to make bold moves ahead of Friday’s non-farm payrolls report, amid thinner volumes due to holidays in Europe.
London midday: Stocks fall as UK services PMI growth eases
London stocks fell on Thursday after data showed a slowdown in UK and China services activity growth in April.