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International Paper to seek secondary London listing if DS Smith deal goes ahead
International Paper said on Thursday that it had made "significant progress" in reciprocal due diligence with regards to a potential takeover offer for UK-based DS Smith, and that it could seek a secondary listing in London if a deal goes ahead.
GetBusy acquires pricing intelligence platform SmartPath
GetBusy announced the acquisition of the trade and assets of SmartPath on Thursday, which it described as a pricing intelligence and revenue optimisation platform tailored for the accounting industry.
Initial weekly US jobless claims rise moderately
The U. S. jobs market remained tight during the previous week, although the Easter break may have distorted the latest figures.
BT Group shares ripe for a re-rating, says JPMorgan
Shares of BT Group appear heavily undervalued and "ripe for a major re-rating", JPMorgan Cazenove said in a note on Thursday.
US pre-open: Futures higher as Dow looks to snap three-day losing streak
Wall Street futures were in the green ahead of the bell on Thursday following a third-straight losing session for the blue-chip Dow Jones Industrial Average.
Gulf Marine Services annual profits grow, FY24 outlook strong
Energy industry services business Gulf Marine Services said on Thursday that both revenue and profits had grown in 2023.
London midday: Stocks gain as investors mull services reading
London stocks had extended gains by midday on Thursday, helped along by a solid performance from the mining sector, as investors mulled the latest reading on the UK services sector.
Europe midday: Markets tread water amid barrage of data
European stock markets were treading water on Thursday morning, with investors continuing to show caution amid a surge of incoming economic data while equity indices remain close to record highs.
Union Jack Oil starts US trading on OTCQB Venture Market
Onshore hydrocarbon explorer and developer Union Jack Oil announced the approval of its ordinary shares for trading on the OTCQB Venture Market in the US on Thursday, with trading starting at market open under the ticker ‘UJOGF’.
Kering drops £1.1bn to snap up historic building in Milan
French luxury giant Kering has announced that it is spending €1. 3bn (£1. 1bn) on a historic building in Milan, giving it one of the largest retail spaces in the city's fashion district.
Cavendish Financial flags significant second-half growth
Cavendish Financial said in an update on Thursday that in the second half of its financial year it experienced significant growth, with revenues expected to reach £34. 5m, representing an increase of around 77% compared to the pro forma revenue of £19. 5m in the first half.
Amazon to cut hundreds of jobs in AWS division
Amazon's cloud computing arm, Amazon Web Services (AWS), announced significant layoffs affecting hundreds of employees overnight on Thursday, in its physical stores technology and sales and marketing sectors.
Space NK owner Manzanita preparing £400m sale - report
The long-standing owner of high street beauty retailer Space NK is reportedly preparing to put it up for sale with a price tag of more than £300m.
Eco Animal Health sells equine parasite treatment for EUR 1.3m
Eco Animal Health announced the sale of ‘ECOmectin Horsepaste’ to its manufacturing partner Acme Drugs in Italy on Thursday, for total consideration of €1. 3m.
UK business activity continues to expand, albeit less than expected
UK business activity continued to expand in March, albeit less than expected, according to a survey released on Thursday.
Ocado chair Haythornthwaite to step down next year
Ocado said on Thursday that chairman Rick Haythornthwaite will be stepping down next year "due to his increasing commitment" as the recently-appointed chair of NatWest.
Plant Health Care registers nematode control product in Mexico
Plant Health Care announced the registration with the Mexican Federal Commission for the Protection against Sanitary Risk (COFEPRIS) of PHC68949, a biological nematode control product, and its impending commercial launch in Mexico on Thursday.
Asia report: Most markets rebound from earlier losses
Asia-Pacific markets mostly rebounded Thursday, amid remarks from US Federal Reserve chairman Jerome Powell overnight.
Co-op Group FY profits slump amid record levels of shoplifting
Supermarket chain Co-op Group posted a sharp drop in full-year profits on Thursday as a result of record levels of shoplifting and competition from discount rivals.
Lords Group appoints new finance chief
Building materials distributor Lords Group announced the appointment of Stuart Kilpatrick as its new chief financial officer on Thursday, succeeding Chris Day.