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Friday preview: Ecofin meeting, Chinese inflation data in focus
Investors' attention at the end of the week will likely to be trained on a meeting of European Union finance ministers in Prague, Czech Republic.
London close: FTSE rises as Truss unveils energy support package
London stocks closed up on Thursday after new prime minister Liz Truss announced details of an energy bill support package.
SIG appoints Grafton boss Gavin Slark as CEO
Insulation and roofing supplier SIG said on Thursday that Grafton boss Gavin Slark will succeed Steve Francis as chief executive on 1 February 2023.
FTSE 250 movers: Darktrace tumbles; Energean gushes higher
London’s FTSE 250 was 0. 3% lower at 18,752. 58 in afternoon trade on Thursday.
Broker tips: Treat, Ocado, Asos
Analysts at Berenberg initiated coverage on ingredients manufacturer Treatt at 'buy' on Thursday, stating the stock was "a natural beauty".
US open: Stocks trade lower following comments from Fed chairman
Wall Street stocks traded lower early on Thursday as market participants digested comments from Fed chairman Jerome Powell.
US pre-open: Futures trade slightly higher following solid gains in previous session
Wall Street futures traded slightly higher ahead of the bell on Thursday after major indices registered their best day in almost a month in the previous session.
Fed needs to keep at it until inflation comes down, Powell says
The head of the US Federal Reserve said that policymakers would have to "keep at it" until inflation came down.
FTSE 100 movers: Melrose retreats; Ocado boosted by upgrade
London’s FTSE 100 was down 0. 5% at 7,203. 55 in afternoon trade on Thursday.
Initial jobless claims fall to 222,000
Americans filed new jobless claims at a decelerated pace in the week ended 3 September, according to the Department of Labor.
ECB hikes interest rates by 75 basis points
The European Central Bank lifted interest rates on Thursday by an unprecedented 75 basis points as it looks to tackle surging inflation.
Canaccord Genuity nudges up target price on Duke Royalty
Analysts at Canaccord Genuity nudged up their target price on diversified financial group Duke Royalty from 53. 0p to 54. 0p on Thursday, citing "material growth" throughout the trading year.
Director dealings: Vistry execs make big buys after half-year results
Vistry Group was at the top of the list of director buys on Thursday, after both its chief executive officer and chief financial officer were linked with transactions.
Bitcoin and Ethereum sell-off fades as dollar rally stalls
After selling dominated the digital assets market on Wednesday, weighed down mainly by a strong dollar and uncertainty around the consensus change in Ethereum, some calm seems to have settled in digital tokens, as they are retracing some of their recent declines. Bitcoin hit a three-month low of $18,500, from where it restructured upwards to resistance at $19,500. Despite the June low of 17,500 support still exerting traction, experts indicate that the selling momentum appears to have lost steam.
Barclays upgrades Ocado to 'equalweight'
Barclays upgraded Ocado on Thursday to ‘equalweight’ from ‘underweight’ as it cut the price target to 775p from 1,500p, arguing that risks are more evenly balanced.
Truss: household energy bills to be capped at £2,500
Household energy bills are to be capped at £2,500 for the next two years, under plans announced by new prime minister Liz Truss on Thursday.
Jefferies lowers Asos to 'hold'
Analysts at Jefferies downgraded fast fashion retailer Asos to 'hold' on Thursday, stating "the slog continues" for the group.
Royal Mail denies takeover talks with private equity firm
Royal Mail said on Thursday that it is not in talks with a private equity investment group about a possible takeover.
MUFG sees rising risk of Japanese FX intervention
The risk of intervention in foreign exchange markets by authorities in Japan was contributing to recent weakness in the US dollar, MUFG analysts said.
London midday: Stocks maintain small gains as Truss unveils energy package
London stocks were still a little firmer by midday Thursday as new prime minister Liz Truss announced details of an energy bill support package.