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London close: Stocks finish weaker amid tsunami of earnings
London stocks had slipped into the red in afternoon trading to close in negative territory on Thursday, as investors waded through an avalanche of earnings reports.
KAZ Minerals posts rise in full-year sales on the back of higher commodity prices
KAZ Minerals reported modest full-year topline growth on the back of higher commodity prices, which more than offset lower output and sales volumes.
Broker tips: Reckitt Benckiser, Medica
Analysts at Berenberg lowered their target price on household and personal care products group Reckitt Benckiser from 9,100. 0p to 8,385. 0p on Thursday but stated the company's turnaround was still "well on track".
Director dealings: Wizz Air CEO lowers stake via VAXCO interest
Wizz Air revealed on Thursday that chief executive Jozsef Varadi had disposed of 120,000 ordinary shares in the FTSE 250-listed low-cost carrier.
More women furloughed than men in pandemic crisis
Provisional Treasury figures estimated that more women were furloughed due to the pandemic crisis than men out of the total 4. 7m on the scheme.
Great Western Mining reports solid progress across its projects
United States-focussed mineral exploration and development company Great Western Mining updated the market on its operations on Thursday, noting that it had staked new claims at the Olympic gold project.
FTSE 250 movers: Morgan Sindall rallies after results; Genus falls
London’s FTSE 250 was down 0. 6% at 21,186. 99 in afternoon trade on Thursday.
Plant-based food startup Next Gen raises $10m in funding round
Singapore’s plant-based food startup Next Gen just raised $10m in a seed funding round from investors.
Coinbase files for direct listing on Nasdaq
San Francisco-based digital currency exchange Coinbase has filed to list directly on the Nasdaq.
FTSE 100 movers: DS Smith surges on deal speculation; StanChart retreats
London’s FTSE 100 was up 0. 4% at 6,683. 98 in afternoon trade on Thursday as investors mulled over a raft of corporate releases.
Agronomics puts another $0.5m in cultivated leather firm VitroLabs
Cellular agriculture and alternative meat investor Agronomics has invested a further $0. 5m (£0. 35m) in VitroLabs, it announced on Thursday, which is a cellular agriculture company creating slaughter-free, environmentally friendly cultivated leather.
Gear4music raises earnings expectations amid strong trading
Online musical instruments and equipment retailer Gear4music updated the market on Thursday, reporting that group trading performance in the 2021 calendar year to date had continued strongly.
US open: Stocks head south following jobless data
Wall Street stocks were lower on Thursday at the opening bell, with the Dow Jones easing off highs after registering another record close.
Merck to buy Pandion Therapeutics for $1.85bn
Merck has agreed to buy clinical-stage biotechnology company Pandion Therapeutics for $1. 85bn.
Genus reports strong interim results
Animal genetics company Genus reported a record adjusted profit before tax in its interim results on Thursday, as revenue in its porcine genetics business ‘PIC’ rose 8%.
Tesla temporarily halts production of Model 3 in California plant
Tesla told workers it would temporarily halt production of its Model 3 in its plant in California, Bloomberg reported on Thursday.
US weekly jobless claims drop below 800,000
US jobless claims in the week ended 20 February came in shy of economists' forecasts on Thursday, according to the Department of Labor.
Horizonte awarded licence for Araguaia power line
Brazil-focussed nickel company Horizonte Minerals has been awarded the construction licence package for the development of the power line on its wholly-owned Araguaia Ferronickel Project, it announced on Thursday.
Daimler Trucks claims zero-emission vehicles will lead to mass layoffs
A shift to zero-emission vehicles will lead to thousands of job losses at Daimler Trucks plants by 2033, said chairman Martin Daum on Thursday.