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FTSE 100 movers: ConvaTec jumps on results; Capita slumps
London’s FTSE 100 was up just 0. 1% to 7,387. 10 in afternoon trade, as investors paused for breath after the blue-chip index hit new highs in the previous session.
AB Inbev misses forecasts with quarterly earnings, yanks top brass's bonus
Anheuser-Busch Inbev's profits fell short of analysts' forecasts for a seventh quarter in a row at the end of 2016, forcing the drinks-maker to implement another round of cost cuts.
FastForward Innovations to sell stake in nanopayments firm to Blue Star Capital
AIM-listed investor FastForward Innovations is to sell its stake in investee company SatoshiPay, a nanopayments provider, to Blue Star Capital, a technology investment firm, for €500,140.
Gocompare.com's shares fall as FY profit, EPS slip lower
Shares in Gocompare. com fell almost 6% after its full-year pre-tax profit and earnings-per-share slipped, with the company saying it had performed well in what was a transformational period.
Results round-up: Capita, Schroders, Merlin Entertainments, Cobham
It was exits all round for outsourcing firm Capita as it lost a chief executive and a place in the FTSE 100, all while delivering another under par financial performance with reported full year profits slumping by 33% to £74. 8m.
Initial jobless claims drop to lowest in nearly 44 years
The number of Americans filing for unemployment benefits fell to its lowest level in nearly 44 years last week, according to data from the Labor Department.
Sunrise Resources pleased with CS Deposit testing progress
Sunrise Resources' shares are up almost 5% as it reported rapid progress by Magmatics Inc in testing of the CS Deposit for the production of natural pozzolan, and was pleased it could move so quickly to certification testing.
Post-Brexit reversion to WTO rules 'will hurt UK and EU companies'
For the UK to quit the European Union without a trade deal and reverting to World Trade Organisation (WTO) rules will open a Pandora's Box of economic consequences, hurting companies on both sides of the Channel, the Confederation of British Industry (CBI) has warned.
Euro area unemployment rate remains stable
A small fall in the number of unemployed left the euro-zone unemployment rate unchanged at its seven-and-a-half-year low of 9. 6% in January, according to official data published on Thursday.
TechFinancials to receive $1.53m dividend from DragonFinancials
Shares in TechFinancials are up a third on confirming it expects to receive a dividend payout of $1. 53m from subsidiary DragonFinancials, following on from an earlier payment by that company.
Federal Reserve Governor Brainard strikes more hawkish tone
Another top US rate-setter appeared to shift towards a more hawkish stance overnight, saying the economy was at an inflection point and monetary policy was approaching another, in reference to the size of the central bank's balance sheet and the then current policy of reinvesting the proceeds from its holdings of financial assets.
Broker tips: Debenhams, IAG, CRH, Genus
Department store Debenhams was under the cosh after Berenberg downgraded the stock to ‘sell’ from ‘hold’ and cut the price target to 46p from 75p.
De Beers begins production at world's largest new diamond mine
Anglo American's De Beers subsidiary began commercial production on Thursday at Canada's Gahcho Kué, which is said to be the world's largest new diamond mine in the last 13 years.
Savannah Resources raises £1.01m in subscription
Savannah Resources announced on Thursday that, further to its recent cash placing and subscription to raise £2. 24m, announced on 22 February, the company's chairman Matthew King and it major shareholder Al Marjan had now subscribed for 19,205,564 new ordinary shares at a price of 5. 25p each, raising cash proceeds of £1. 01m.
Eurozone CPI rises to four-year high as expected
Eurozone consumer price inflation increased to a new four-year high expected in February, as energy and food prices climbed.
Diurnal enters Israeli market for adrenal insufficiency therapies
AIM-listed pharmaceutical Diurnal has signed a marketing and distribution deal with Israeli healthcare products firm Medison Pharma for its adrenal insufficiency therapies.
Morses Club upbeat ahead of preliminary results
Home collected credit lender Morses Club updated the marker on its trading for the 52-week period to 25 February on Thursday, ahead of its preliminary results announcement, due on 27 April.
LafargeHolcim admits to financing armed groups in Syria
Cement corporation LafargeHolcim has confirmed that its staff supplied armed groups in Syria with funding in order to ensure operations at its plant in the north of the country would continue to function.
London midday: Stocks flat as investors sift through earnings
London stocks were little changed by midday on Thursday as investors sifted through a raft of earnings releases and paused for breath after the blue-chip index hit new highs in the previous session.
HML buys Gordon & Co block management business
Property management, insurance and ancillary services provider HML Holdings announced the acquisition of the block management business of Gordon & Company Property Consultants, the flats and estates property management business of Gordon & Company, on Thursday.