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Sector movers: Financials pace gains, defensives hammered
Cyclicals did best on Wednesday following the release of US fourth quarter gross domestic product data that many economists said kept hopes for a 'soft landing' in the US alive.
Europe close: Stocks continue to grind higher
European shares were higher on Thursday as the corporate results dump continued, with solid earnings underpinning sentiment, although Polymetal lost its shine as it mulled moving its London listing.
London close: Modest gains for stocks after Q4 US GDP data
London stocks were modestly higher on Thursday amid well-received updates from the likes of 3i or Intermediate Capital Group.
Director dealings: Taseko Mines director sells options
A director of Taseko Mining sold options in shares of the copper mining outfit.
Friday preview: US personal income and spending, consumer confidence data in focus
All eyes at the end of the week would remain fixated on the US where the last two key inflation readings before the next Federal Reserve policy meeting - on the following Tuesday and Wednesday - would be published.
Broker tips: Ocado, Boohoo, Hiscox
RBC Capital Markets downgraded its stance on online supermarket Ocado and fast-fashion retailer Boohoo on Thursday.
US weekly jobless data comes in mixed, initial claims hit new cycle low
Jobless claims data in the US revealed that firms continued to hold onto workers although hiring appeared to be reversing the gains seen over the Christmas holidays.
US Q4 GDP growth edges past forecasts, up by 2.9%
The US economy expanded a tad more quickly than expected during the fourth quarter of 2022, boosted in part by inventory rebuilding.
US open: Wall Street trades mixed after raft of economic data
Wall Street's main market indices gave up early gains and were last trading around the unchanged mark following the release of a barrage of economic data.
US new home sales pick up in December, but down for the year
US new home sales rose in December, but fell overall in 2022, according to figures released on Thursday by the Commerce Department.
FTSE 100 movers: Prudential pushes higher; Ocado hit by downgrade
London’s FTSE 100 was up 0. 1% at 7,752. 92 in afternoon trade on Thursday.
LondonMetric chair Vaughan to step down
LondonMetric Property said on Thursday that chair Patrick Vaughan will step down from the board with effect from 11 July.
US durable goods orders surge in December, as aircraft orders more than double
Orders in the US for goods made to last more than three years surged at the end of 2022.
US visible trade deficit widens significantly in December
America's shortfall on trade in goods with the rest of world yawned wider at the end of 2022.
ASOS recruits company doctor for turnaround - report
Online fashion retailer ASOS has reportedly drafted in a leading company doctor amid pressure from its lenders about the state of its balance sheet.
Intermediate Capital Group sees opportunities in market dislocations
Intermediate Capital Group continued to successfully raise funds over the third quarter just ended on 31 December.
RBC Capital downgrades Ocado, Boohoo
RBC Capital Markets downgraded its stance on online supermarket Ocado and fast-fashion retailer Boohoo on Thursday.
Hundreds of jobs at risk, pay cuts on horizon amid Asda shake-up
Supermarket chain Asda announced a shake-up on Thursday that will put hundreds of jobs at risk, and cut pay for thousands.
Asia close: BoJ still in focus, China reports big drop in Covid-19 deaths, critically-ill
Stocks in Asia were mixed mirroring a similar performance put in by Wall Street overnight.
UK car production slumps as chip shortage bites
UK car production slumped last year to lows not seen since the 1950s, industry data showed on Thursday.