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Europe open: Shares edge higher ahead of US, EZ inflation data
European shares were cautiously higher at the open on Thursday as investors awaited inflation data from the eurozone and US.
Pearson's growth potential not baked into share price, says ShoreCap
The recent weakness in Pearson's share price has been unwarranted, according to broker Shore Capital, which reiterated its 'buy' rating on the stock on Thursday.
London open: Stocks nudge down ahead of inflation readings
London stocks ticked lower in early trade on Thursday as investors eyed key eurozone and US inflation readings.
UBS delivers record Q2 after $29bn accounting gain from Credit Suisse
Swiss banking giant UBS has delivered a record bottom line in its second quarter after booking a $29bn accounting gain from its takeover of Credit Suisse, but underlying profits still failed to meeting analysts' forecasts.
Citi trims Quilter price target, reiterates ‘sell’ rating
Citi trimmed its price target for Quilter on Thursday to 68p from 70p and reiterated its ‘sell’ rating.
China's factory activity contracts again in August
Factory activity in China contracted in August for the fifth month in a row, according to data released on Thursday by the National Bureau of Statistics.
Grafton profits fall, Kainos still set to meet expectations
London open The FTSE 100 is expected to open 14 points higher on Thursday, having closed up 0. 12% on Wednesday at 7,473. 67.
London pre-open: Stocks to nudge up ahead of inflation readings
London stocks were set to nudge up at the open on Thursday as investors eyed eurozone and US inflation readings.
Kainos on track to hit forecasts after solid first half
Belfast-based IT services group Kainos has announced that full-year results are still expected to meet consensus forecasts despite an uncertain trading environment.
Thursday newspaper round-up: Airlines, Country Garden, car production
Airlines have urged reform of compensation rules after the “staggering” revelation that a single wrongly input flight plan to UK air traffic control disrupted hundreds of thousands of passengers’ flights. Nats, which controls UK airspace, said “an unusual piece of data” had caused the unprecedented system failure on Monday, which led to more than 1,600 flights being axed and many more delayed. – Guardian.
US close: Stocks manage small gains despite GDP downgrade
Wall Street managed to close with modest gains on Wednesday, even as investors weighed the implications of less-than-stellar economic indicators.