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Credit Suisse downgrades EasyJet, IAG as airline stocks hit turbulence
It was bad day for airlines, with corporate releases from Deutsche Lufthansa and EasyJet giving investors little to get excited about.
Walcom purchases large site for Thailand plant
Walcom Group announced on Thursday that it has reached agreement, via its subsidiary Walcom Thailand, for the purchase of a two-thirds stake in a 15,295 square metre freehold site in the Sakorn Province in Thailand, located 32km from Bangkok.
Cybercrime in Britain surges in past year, ONS reveals
The Office for National Statistics (ONS) has reported 5. 8m incidents of cybercrime in the last year, nearly double the crime rate in England and Wales.
EBay posts sales gains for second successive quarter
EBay Inc's sales went up for the second consecutive quarter as the company seemed to recover from an early blip caused by its start as an independent entity free from Paypal.
Daily Mail print revenues down as it warns of Brexit uncertainty impact
Daily Mail and General Trust (DMGT) reported a decline in third quarter revenue from print advertising as it warned of Brexit uncertainty.
Apple predicted to reap $3 billion benefit from Pokémon Go
Apple could be set for a revenue windfall of $3bn off the back of the Pokémon Go craze over the next two years, according to analysts.
Tesla Motors CEO Elon Musk reveals new masterplan
Tesla Motors unveiled its much-anticipated masterplan on Wednesday, with chief executive officer Elon Musk announcing plans to widen the company's scope from only cars to various other modes of transport, with a focus on green energy endeavours.
Europe midday: Stocks turn lower as airlines slump; ECB eyed
European equity markets reversed opening gains to trade a little lower as airline stocks slumped and investors eyed the European Central Bank’s latest rate announcement.
Qannas partially exits Eastern European loan
Close-ended investment company Qannas Investments announced on Thursday that it has realised a partial exit of a €7m senior secured term loan provided to Integrated Eastern European Fund.
ICG sees short-term fall in M&A post Brexit vote
Intermediate Capital Group said assets under management had jumped 1% to €21. 9bn in the quarter to 30 June as as it raise €800bn in new third party money.
Rare Earth Minerals notes progress at Czech investment
Rare Earth Minerals reported on Thursday that European Metals Holdings, in which it owns a 16. 4% shareholding, has appointed Ausenco Services as the lead engineer to the pre-feasibility study of the Cinovec Lithium/Tim Project in the Czech Republic.
London midday: Stocks fall after worse-than-expected UK retail sales
London stocks were in the red on Thursday after worse-than-expected UK retail sales data and before the European Central Bank’s latest policy decision.
US pre-open: Stocks seen flat ahead of more earnings and data
US futures pointed to a broadly flat open on Wall Street as investors awaited further earnings and data releases.
Mortgage lending keeps building but CML expects Brexit contraction
Levels of UK mortgage lending increased to the highest June level since 2008, the Council of Mortgage Lenders said on Thursday, though it expects uncertainty around the Brexit decision to hold back homebuyers from accessing banks' ample capacity to lend.
William Hill CEO James Henderson replaced by Philip Bowcock
William Hill’s chief executive stepped down after a recent poor performance from the UK’s biggest bookmaker.
Shire swaps three drug programmes for equity in Chronos Therapeutics
Shire has offloaded three pre-clinical development programmes to private drug developer Chronos Therapeutics in return for an equity stake in the Oxford-based company and future royalty rights.
Asia report: Markets mostly higher as Japan sentiment lifts
Markets in Asia finished mostly higher on Thursday, with shares in Japan advancing after reports that the government was planning significant stimulus were made in local media.
ICAP's Gil Mandelzis to step down as CEO of EBS BrokerTec
ICAP’s EBS BrokerTec chief executive Gil Mandelzis has decided to step down from his position, the group announced on Thursday.
Lufthansa cuts profit forecast after bookings decline
Lufthansa airlines has blamed European terrorist attacks and an uncertain political and economic environment for cutting its profit forecast for this year.
HSBC downgrades Premier Farnell as it lifts target price to reflect Daetwyler offer
HSBC downgraded Premier Farnell to ‘hold’ from ‘buy’ as it lifted the price target from 145p to 165p, which is the price Swiss conglomerate Daetwyler is paying per share to buy the technology company.