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Europe close: Stocks end on mixed note ahead of Powell speech
European shares finished on a mixed note on Thursday as investors awaited a potentially key speech from US Federal Reserve President, Jerome Powell, scheduled for the next day.
Broker tips: Hargreaves Lansdown, Biffa, AstraZeneca
Analysts at JP Morgan reiterated their underweight stance on Hargreaves Lansdown due to the combination of their forecasts for a drop in UK gross domestic product in 2023, alongside "elevated" inflation and the rise in overall living costs, amongst other factors.
London close: Stocks finish 'indecisive' session mixed
London stocks finished in a mixed state on Thursday after some fresh economic data, as investors looked towards a speech by Federal Reserve chair Jerome Powell at the Jackson Hole symposium.
ShoreCap stays at 'buy' for Astra Zeneca, citing prospects for earnings and sales growth, pipeline
Analysts at ShoreCap doubled down on their recent reinitiation of coverage on AstraZeneca with a 'buy' recommendation, citing growth and pipeline prospects.
Fed's Harker wants to see rates above 3.4 per cent and then 'sit for a while'
A top US central bank official said on Thursday that he wanted monetary policy to move into restrictive territory with the Fed funds rate above 3. 4% and that interest rates would need to be kept at that level for a while.
US open: Stocks move higher on Fed speak, China stimulus news
Wall Street was on the up in early trading after a top Federal Reserve official hinted at a possible pause in rate hikes towards the turn of the year.
Hays FY operating profit jumps amid 'excellent' fee performance
Recruiter Hays reported a jump in full-year profit on Thursday thanks to an "excellent" fee performance across all regions amid a recovery from the pandemic.
US Q2 GDP revised slightly higher
The US economy shrank by less than previously estimated over the three months to June, revised data showed.
FTSE 100 movers: Harbour Energy rallies on results; Phoenix goes ex-div
London’s FTSE 100 was up 0. 3% at 7,490. 10 in afternoon trade on Thursday.
Fed's George unsure how high rates will need to go to tame inflation
The head of Federal Reserve Bank of Kansas City said the central bank had more work to do in order to tame inflation.
Director dealings: Atalaya non-exec buys £0.15m worth of shares
Shares in Atalaya Mining were in the red on Thursday afternoon, after it emerged that a non-executive director spent £0. 15m on shares.
Friday preview: Fed's Powell, US price data in focus
All eyes at the end of the week will be on US Federal Reserve President Jerome Powell's speech at the central banking symposium in Jackson Hole, Wyoming.
UK govt will probe Kretinsky plan to lift Royal Mail stake
The UK government reviewing whether a plan by Czech billionaire Daniel Kretinsky to lift his stake in Royal Mail beyond 25% would be in the national interest, the parcel and letter carrier said on Thursday.
Sector movers: Construction and Materials, Miners pace gains
Construction & Materials pace gains on Thursday as building materials manufacturer CRH guided towards a roughly 10% rise in full-year earnings to $5. 5bn, even if against "a continually challenging cost environment".
London midday: Stocks up but off highs ahead of Powell speech
London stocks were off earlier highs but still firmer by midday on Thursday as investors eyed the Jackson Hole symposium and a speech by Federal Reserve chair Jerome Powell.
London open: Stocks gain as investors eye Jackson Hole symposium
London stocks rose in early trade on Thursday, taking their cue from positive US and Asian sessions, as investors eyed the Jackson Hole symposium.
FTSE 250 movers: Grafton slips while Hays impresses
The FTSE 250 was down 0. 19% at 19,268. 37 at 1415 BST.
Berenberg downgrades Biffa to 'hold'
Berenberg downgraded Biffa to ‘hold’ from ‘buy’ on Thursday and cut the price target to 415p from 465p as it updated its forecasts ahead of the latest ‘put up or shut up’ (PUSU) bid deadline on 30 August, and following the recent full-year results.
JP Morgan names Hargreaves Lansdown 'key' underweight
Analysts at JP Morgan reiterated their underweight stance on Hargreaves Lansdown due to the combination of their forecasts for a drop in UK gross domestic product in 2023, alongside "elevated" inflation and the rise in overall living costs, amongst other factors.
Weekly jobless claims in the US undershoot forecasts again
Jobless claims in the US receded by more than expected once more last week.