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Citi sees near-term upside for FirstGroup despite rail renationalisation plans
Citigroup has said that the Labour Party's plans to renationalise the railways could offer some near-term upside for transport firm FirstGroup despite recent concerns.
Concurrent Technologies secures two 'important contracts'
Computer products designer Concurrent Technologies said on Thursday that it has secured "two important contracts" via its recently acquired Phillips Aerospace business.
Mission rejects 'opportunistic' Brave Bison approach
The Mission Group has rejected a revised "opportunistic" takeover approach from Brave Bison, it confirmed on Thursday, arguing that it undervalues the business.
JPMorgan reinstates ‘overweight’ rating on DCC
JPMorgan Cazenove reinstated coverage of DCC on Thursday with an ‘overweight’ rating and 6,700p price target.
US regulators take aim at Big Tech's role in AI - report
US antitrust regulators are to investigate Microsoft, OpenAI and Nvidia over their roles in the artificial intelligence industry, it was reported on Thursday.
Inspecs H1 revenue and underlying earning seen lower YOY
Eyewear manufacturer Inspecs Group warned on Thursday that interim revenues and underlying earnings would be lower than the prior year and more in line with historic trading.
Eurozone retail sales fall more than expected
Retail sales in the eurozone fell more than expected in April declining across all major categories, according to data released on Thursday by Eurostat.
UK construction sector grows at fastest pace in two years
The UK construction sector grew in May at its fastest pace in two years, according to a survey released on Thursday.
Eurozone construction sector continues to struggle
The Eurozone’s beleaguered construction sector saw another sharp fall in orders in May, official data showed on Thursday, weighing heavily on employment.
Commodity trader Trafigura sees profits drop as market normalises
Singaporean commodity trading giant Trafigura saw profits slide in the first half of its financial year, with underlying earnings nearly halving as markets normalised following a period of record earnings over recent years.
N Brown returns to FY statutory profit
Online retailer N Brown Group said on Thursday that it had returned to profit in the year ended 2 March thanks to lower adjustments and a focus on driving profitable sales.
London open: Stocks nudge up ahead of ECB announcement
London stocks nudged up in early trade on Thursday following an upbeat close on Wall Street, as investors awaited an expected 25 basis points rate cut from the European Central Bank.
ITM Power FY losses better-than-expected
Energy storage and clean fuel company ITM Power said on Thursday that full-year underlying losses were better than initially expected as it worked to attain "a positive operating rhythm" throughout the twelve months ended 30 April.
Europe open: Shares on the rise ahead of expected ECB rate cut
European shares started Thursday in bright mood with all eyes were on the European Central Bank for a widely-expected cut in interest rates from record highs.
Tonic maker Fever-Tree on track as market share climbs
London-based tonic and soda maker Fever-Tree Drinks said on Thursday that sales have risen over the year to date, as it continues to drive market share gains across all regions.
Asia report: Markets rally as rate cut bets start to firm
Asian shares were largely positive on Thursday on as investors awaited a widely forecast cut in interest rates from the European Central Bank, while hopes were also rising for a similar move by the US Federal Reserve.
German factory orders decline for fourth straight month
Factory orders in Germany registered an unexpected fall in April, declining for the fourth month in a row despite predictions of a slight rebound.
Wood Group to 'engage' with Sidara on takeover proposal
Wood Group said late on Wednesday that it had decided to "engage" with Sidara after the Dubai-based engineering and consulting firm made an improved and final takeover proposal last week at 230p a share.
London pre-open: Stocks seen up ahead of ECB announcement
London stocks were set to rise at the open on Thursday following an upbeat close on Wall Street, as investors awaited an expected rate cut announcement from the European Central Bank.
Bridgepoint founder and chair to step down
Asset manager Bridgepoint Group has announced that founder and chair William Jackson is to step down from the board this summer.