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Alstom slides after free cash flow warning
Alstom shares tumbled on Thursday after it cautioned that free cash flow was set to turn negative this year due to a rolling stock program delay in the UK and order intake delays.
Europe open: Stocks rise as bonds steady after sell-off
European markets headed higher on Thursday, following strong gains on Wall Street and Asian indices overnight, as bond yields retreated from their recent highs.
Ofcom refers UK cloud market to CMA
Ofcom has asked the competition watchdog to investigate the UK cloud market, after it flagged concerns about the dominant position of US giants Amazon and Microsoft.
Unite Group reports strong occupancy, rental growth
Student accommodation operator Unite Group provided an upbeat trading update on Thursday, reporting a robust 99. 7% occupancy rate for the 2023-2024 academic year.
Grainger hails 'year of record delivery'
Residential property business Grainger hailed "another year of record delivery" on Thursday, with an acceleration in both rental growth and sales.
Diversified Energy 'unaware' of reason for recent share price decline
Oil and gas production company Diversified Energy Company said on Thursday that it was "unaware of any operational or company-specific reason" for the recent decline in its share price.
London open: Stocks nudge up after US Treasury yields retreat
London stocks nudged higher in early trade on Thursday following solid gains on Wall Street, as a retreat in US Treasury yields provided some relief.
Ferrexpo sees Q3 pellet production jump 17%
Ukraine-focused iron ore miner Ferrexpo reported a big jump in output during its third quarter despite ongoing challenging conditions in the war-torn country.
German exports fall more than expected in August
German exports fell more than expected in August, adding to expectations of a recession in the third quarter, according to figures released on Thursday by Destatis.
Anglo reports continued decline in De Beers diamond sales
Anglo American said on Thursday it saw a substantial fall in diamond revenues from the latest sales cycle at subsidiary De Beers, as it beefs up marketing spend to try and allure customers over the key holiday season.
National Grid trading in line, underlying EPS expected to be H2 weighted
National Grid said on Thursday that it continues to perform in line with its expectations and underlying earnings per share are set to have a greater weighting to the second half.
Imperial unveils £1.1bn buyback ahead of FY results
Tobacco giant Imperial Brands on Thursday announced a new bumper share buyback and said it was on track to hit forecasts this year.
Imperial to buy back another £1.1bn in shares, Unite Group reports strong occupancy
London open The FTSE 100 is expected to open 35 points higher on Thursday, having closed down 0. 77% on Wednesday at 7,412. 45.
London pre-open: Stocks seen up after positive US session
London stocks were set to rise at the open on Thursday following solid gains in the US, as investors eyed the latest initial jobless claims ahead of Friday’s all-important non-farm payrolls report.
Thursday newspaper round-up: UK rents, Metro Bank, Mike Lynch
Private home rents in Great Britain have increased to their highest point on record after shortages in supply and mortgage rate rises combined to push the cost up by 10% over the past 12 months. The average rent for new properties being put on the market now stands at a record £1,278 per calendar month outside London in the July to September period, according to Rightmove. – Guardian.
US close: Stocks rise as Dow snaps three-day losing streak
Wall Street ended with a rebound on Wednesday, with major US stock indices ending the day in positive territory following a streak of losses, triggered partially by alleviating bond yields and underwhelming labour market figures.