Latest News
Thursday newspaper share tips: HICL and residential property
Shares in boring and mostly UK-focused investment fund HICL Infrastructure Company are worth holding on to, says The Daily Telegraph's Questor column, citing its income-play appeal.
Exova eyes organic growth, sells FWP business
Exova expects modest full-year organic growth at constant currency rates and earnings in line with previous guidance, adjusted for the just-announced sale of its Food, Water and Pharmaceutical (FWP) business in the UK and Ireland.
FTSE 100 movers: Banks bury miners in afternoon trading
The FTSE 100 was trading in the red on Thursday afternoon, as the Federal Reserve’s hawkish policy meeting minutes overshadowed a better-than-expected UK retail sales report.
FTSE 250 movers: Thomas Cook tanks; Restaurant Group surges on reports
London’s FTSE 250 index was down 0. 7% to 16,769. 36 in afternoon trading.
US jobless claims fall less than expected
The number of Americans filing for unemployment benefits fell a little less than expected last week, according to the Labor Department.
US court dismisses Takeda's claims against Hikma Pharmaceuticals
The US District Court for the district of Delaware has dismissed claims made by Takeda Pharmaceuticals USA against Hikma Pharmaceuticals and its wholly-owned US subsidiary West-Ward Pharmaceutical.
Britvic interim profit up, on track to deliver on FY earnings guidance
FTSE 250 soft drinks company Britvic posted an increase in interim profit amid growing revenue, and said it was on track to meet its earnings guidance for the year.
EgyptAir flight made sharp turn and changed course before disappearing from radars - BBC
The EgyptAir flight that disappeared over the eastern Mediterranean in the early hours of Thursday morning made two sharp turns before losing altitude and radar controllers lost contact with the aircraft.
Results round-up
Royal Mail posted better-than-expected full year pre-tax profits of £538m, despite a 3% fall in addressed letter volumes, as cost controls took effect.
Broker tips: Thomas Cook, Shell, Euromoney
Credit Suisse slashed its target price on shares of Thomas Cook as a result of the toll which geopolitical pressures were taking on the company's bookings.
EnQuest reiterates FY output guidance
EnQuest has reiterated its full-year production guidance for 44,000-48,000 barrels of oil equivalent per day (Boepd), and said it is on track to meet its cost-reduction targets.
Philly Fed index slips in May, misses forecasts
Manufacturing conditions in the Philadelphia region unexpectedly deteriorated further in May, according to the latest report from the Federal Reserve Bank of Philadelphia.
Thursday broker round-up
Countryside Properties: JP Morgan reiterates overweight with a 280p target.
Bloomsbury moves towards digital B2B after strong FY
Bloomsbury, the publisher behind the Harry Potter phenomenon, has turned in an overall strong set of full-year results and launched a 2020 strategy to move into digital B2B publishing.
Investec increases earnings as banking and wealth managenment shine
Full year results from Investec showed the Anglo-South African bank increased profits as it makes progress with its rejigged model despite the turbulence in its markets.
The Restaurant Group attracting private equity interest, reports say
Shares in The Restaurant Group spiked on Thursday afternoon as reports emerged of possible private equity interest in the lately troubled Garfunkel's and Frankie & Benny's owner.
Asda sales slide as price cuts fail to arrest decline
Asda continued to struggle, the supermarket chain's US parent Walmart admitted as it released first quarter results, with the UK division seeing declines in traffic and food volumes.
Ferrexpo shares sag after news of overdue $10m VAT receivable
Shares in Ferrexpo were down almost 6% as investors in the the iron-ore pellet producer soured following news it has an overdue $10 million VAT receivable that was due for repayment at end-April.
Credit Suisse slashes Thomas Cook price target on geopolitical pressures
Credit Suisse slashed its target price on shares of Thomas Cook as a result of the toll which geopolitical pressures were taking on the company's bookings.
Tobacco companies lose High Court challenge over plain packaging
Tobacco firms have lost a High Court challenge against the government’s new plain packaging rules, which are due to kick in on Friday.