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Braveheart trading in line with expectations
Fund management and strategic investor group Braveheart Investment Group updated the market on its trading on Thursday, reporting that it had continued to perform in line with the January 2017 trading update.
Results round-up: Unilever, Sky, Debenhams
Unilever upped its quarterly dividend 12% as underlying sales grew 2. 9% in the first three months of the year, despite sales volumes remaining in the red for the third consecutive quarter.
Manufacturing activity in US mid-Atlantic region slips in April
Factory activity in the US mid-Atlantic region cooled in April alongside a decrease in price pressures.
UK mortgages lending 'in neutral gear', CML predicts no election effect
UK lenders upped mortgage lending by 19% in March compared to February, but was down by almost the same proportion compared to last year.
Broker tips: Go-Ahead, Britvic
Investec upgraded transport operator Go-Ahead to 'buy' from 'add' saying trading in the third quarter was in line with expectations, with the company outperforming the UK market in bus and rail.
Initial weekly US jobless claims edged past forecasts
US jobless claims rose last week, edging past economists forecasts, even as a key measure of labour market slack fell to its lowest level since the turn of the century.
Energiser confirms sale of final Kingswood unit
Energiser Investments confirmed on Thursday that, further to its announcement on 6 April, the sale of the final unit at the Kingswood Park development had legally completed at the agreed price of £725,000.
Ortac enters Slovakian joint venture on Sturec project
Europe and Africa-focussed mineral exploration company Ortac Resources announced on Thursday that it entered into an agreement to form a joint venture with a Slovakian company to jointly develop the Sturec Gold Project at Kremnica.
Ashtead slips on read-across from United Rentals
Equipment rental firm Ashtead retreated after results from US peer United Rentals showed rental rates were under pressure in the first quarter.
Investec upgrades Go-Ahead to 'buy'
Investec upgraded transport operator Go-Ahead to 'buy' from 'add' saying trading in the third quarter was in line with expectations, with the company outperforming the UK market in bus and rail.
Inspired Energy buys Flexible Energy Management and Churchcom for total £3.6m
Inspired Energy, an energy procurement consultancy, has completed the acquisitions of Flexible Energy Management and Churchcom for a combined £3. 6m.
Emirates to cut US routes after Trump travel restrictions
Middle Eastern airline Emirates is to cut its flight routes to the US, citing concerns over restrictions brought in by Donald Trump’s administration related to visa programmes and electronics.
Europe midday: CAC buoyed after polls show Emmanuel Macron victory
European stocks were little changed on Thursday, but the CAC 40 gained with days to go until the first round of voting for the French presidential election, while the euro hit a three-week high against the dollar.
Thursday broker round-up
Burberry: Barclays reiterates Overweight with a target price of 1900p.
Anglo African agrees equipment terms for workover at Tilapia
Independent oil and gas developer Anglo African Oil & Gas announced on Thursday that it agreed terms to contract the wireline and ancillary equipment for the workover that was intended to undertake the reperforation and acidisation of the R2 reservoir in well TLP-102.
London midday: Stocks nudge lower as investors mull earnings
London stocks had edged lower by midday on Thursday as the pound held firm against the dollar, having gained ground on news of a snap general election in June.
US pre-open: Stocks seen slightly higher as oil prices rebound
US futures pointed to a slightly higher open on Wall Street on Thursday, with energy shares likely to gain as oil prices bounced back from heavy losses in the previous session.
Asia report: Markets move sideways as Korea tensions ease
Markets in Asia were little moved on Thursday, after a big earnings session on Wall Street overnight and oil prices picked up from fortnightly lows.
Debenhams new broom Bucher devises 'social shopping' strategy
Debenhams' new chief executive Sergio Bucher unveiled his strategic vision for growing the department store group, centred around making the stores a more enjoyable destination for 'social shopping' and driving efficiency through 'simplifying and focusing' the business.
Reconstruction Capital II sells Top Factoring Group for €13.11m
AIM-listed investor Reconstruction Capital II has sold Top Factoring Group, made up of Top Factoring SA, a Romanian receivables collection company and the non-performing loan book held by its subsidiary Glasro Holdings, to Intrum Justitia AB for up to €13. 11m.