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US close: Stocks fall as markets retreat from record highs
US stock markets finished lower on Thursday, dropping into the red in afternoon trade, as investors took profits amid a barrage of economic data after Wall Street's three main indices all hit record highs the previous session.
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Friday preview: China activity data, Land Securities in focus
The market spotlight at the end of the week will shift to Asia Pacific.
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Europe close: Stoxx 600 snaps nine-day win streak
After a tentative start, European stock markets were firmly in the red on Thursday as investors chose to take profits following a nine-day winning streak that sent the Stoxx 600 index to record highs.
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GSK to sell remaining 4.2% stake in Haleon
GSK said on Thursday that it plans to sell its entire remaining 4. 2% stake in Haleon.
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Broker tips: Travis Perkins, Treatt
Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an "undervalued UK recovery play".
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London close: Stocks mixed as ex-divs drag on FTSE
London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.
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H&T Group trading as expected in year-to-date
Pawnbroker and jewellery retailer H&T Group said in an update on Thursday that its trading performance since the start of the year had been in line with expectations, marked by strong demand for pledge loans.
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Ilika losses narrow in year of progress
Solid-state battery technology developer Ilika reported full-year growth in a trading update on Thursday, alongside significant advancements in its ‘Stereax’ manufacturing and ‘Goliath’ product development.
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Michelmersh reports positive order momentum
Specialist brickmaker Michelmersh reported continued positive order intake momentum in an update on Thursday, aligning with market expectations.
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M&C Saatchi trading in line, agrees sale of Swiss operation
M&C Saatchi continued positive momentum from the second half of 2023 in a trading update on Thursday, with overall performance in line with expectations.
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Quantum Blockchain settles with some Sipiem defendants
Quantum Blockchain Technologies announced a significant development in its ongoing legal case involving its wholly-owned subsidiary Clear Leisure 2017, and Sipiem in Liquidazione, on Thursday.
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AIG sells $3.8bn stake in Corebridge to Nippon Life
American insurance giant AIG on Thursday announced the sale of a 20% stake in retirement and insurance firm Corebridge Financial to Japanese peer Nippon Life for $3. 8bn.
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US open: Stocks trade higher, Dow briefly crosses 40,000
Wall Street stocks were higher early on Thursday as cooler-than-expected inflation data helped push major indices to fresh record highs.
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FTSE 100 movers: BT surges; Sage hit after cutting revenue guidance
London’s FTSE 100 was flat at 8,442. 62 in afternoon trade on Thursday.
FTSE 250 movers: Auction Tech surges after update; Tritax Bigbox slides
FTSE 250 (MCX) 20,767. 99 -0. 04%# .
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Secure Trust Bank reports positive first quarter
Specialist lender Secure Trust Bank reported a positive first quarter in a trading update on Thursday, with growth in net lending balances and progress in cost-saving initiatives under Project Fusion.
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US April import prices jump past forecasts on fuel costs
The cost of goods purchased overseas jumped last month amid dearer prices for fuel imports.
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Weekly US unemployment claims drop
US firms continued to hold onto their workers during the latest week.
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Philly Fed index declines amid drop in new orders
Factory activity in the US mid-Atlantic region slowed a tad more than expected in May, the results of a closely-followed survey revealed.
Watches of Switzerland shares surge on 'cautiously optimistic' outlook, Q4 sales
Shares in Watches of Switzerland surged 15% on Thursday as the luxury timepiece retailer said it was “cautiously optimistic” about future trading after a 4% rise in sales in the final quarter of its financial year driven by a strong performance in the US.