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Deutsche Bank sees little upside at Croda despite recent sell-off
Deutsche Bank has slashed its target price for Croda from 5,600p to 5,200p and maintained a 'hold' recommendation, saying it expects disappointing guidance from the speciality chemicals company at its next update.
US pre-open: Subdued start as bond yields continue to climb
US stock futures were inching lower in pre-market trade on Thursday as elevated oil prices, rising bond yields and brinkmanship in Washington weighed heavily on sentiment.
German GDP forecast to contract by 0.6% this year
Germany’s economy is on course to contract this year, a group of leading economists warned on Thursday.
London midday: Stocks fall as investors fret about rates, Evergrande
London stocks had fallen into the red by midday on Thursday after a steady start, amid worries about interest rates and China’s Evergrande.
AB Dynamics set to beat full-year market expectations
Testing, simulation and measurement products specialist AB Dynamics reported consistently strong trading momentum throughout the year in a trading update on Thursday, following an impressive first-half performance.
Phoenix Group shares down as it goes ex-div, reports solid first-half
Phoenix Group reported significant first-half progress in its interim IFRS financial statements on Thursday, with an over twofold increase in new business long-term cash generation, surging to £885m.
HSS Hire sees trading slow 'considerably', shares fall
Shares in HSS Hire Group fell sharply on Thursday, after it warned that current trading had slowed "considerably".
Eurozone economic sentiment deteriorates again in September
Economic sentiment in the eurozone deteriorated again in September, according to a survey released on Thursday.
CMA flags concerns over Whirlpool-Arcelik deal
The UK competition watchdog has warned that the planned merger of white goods manufacturers Whirlpool and Arcelik could reduce choice.
JPMorgan cuts Drax price target
JPMorgan Cazenove cut its price target on Drax on Thursday to 740p from 830p as it lowered its valuation for the stock.
Babcock shares jump but Liberum says 'hold'
Defence and civil specialist equipment manufacturer Babcock reported an "encouraging" start to the financial year, though that wasn't enough for analyst at Liberum to change their neutral stance on the stock.
Asia report: Most markets fall as US bond yields surge
Asia-Pacific stock markets had a mainly downward trajectory on Thursday, following Wednesday's gains, as rising US Treasury yields and surging oil prices posed challenges for investor confidence.
UK car production eases in August
UK car production fell in August, industry data showed on Thursday, putting the brakes on six months of growth.
Ryanair scales back winter flights after Boeing delivery delays
Low-cost airline Ryanair said the delayed delivery of new Boeing planes means it will have to cut it winter schedule.
Europe open: Shares rally despite Evergrande woes, rising oil price
European shares rallied on Thursday despite more woes from troubled Chinese property developer Evergrande, which hit shares in Hong Kong overnight.
London open: Stocks flat as Evergrande shares suspended
London stocks were steady in early trade on Thursday as the suspension of Evergrande shares weighed on sentiment.
UK house prices record first annual fall since 2012
House prices in the UK have fallen annually for the first time since June 2012, according to fresh market research on Thursday.
Avacta reports higher losses in first half
Cancer treatments and diagnostics group Avacta reported higher losses in the first half despite a doubling of revenues.
Evergrande shares suspended again in Hong Kong
Shares in heavily-indebted property developer Evergrande have been suspended in Hong Kong.
Ceres Power losses widen, but interim revenues rise
Hydrogen fuel cell maker Ceres Power said interim losses had widened and full-year growth was subject to the timing of securing new licencees.