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US close: Stocks surge as jobless claims data eases macro fears
US stocks bounced back strongly on Thursday as better-than-expected data from the labour market eased investors' concerns about an impending recession.
Rightmove agrees new contract with OpenRent
Rightmove said on Thursday that it had entered into a new membership agreement with online lettings agent OpenRent.
Friday preview: Chinese inflation data, Hargreaves Lansdown in focus
Financial markets' attention on Friday will shift towards Asia and inflation numbers due out in the region's largest economy.
Sector movers: Stocks trying to find their footing
Stocks ended a tad lower on Thursday, but well off their session lows after the release of better-than-expected weekly jobless claims figures in the US.
Burford Capital reports 'strong' Q2
Burford Capital posted a sharp rise in second quarter revenues with the firm's management describing its performance as "strong".
Europe close: Stocks erase losses after strong start Stateside
A strong start on Wall Street helped European markets cut their losses on Thursday, with the Stoxx 600 benchmark pushing into positive territory by the close of play.
Warner Bros Discovery stock hits record low on Q2 miss, $9bn write-down
Shares in Warner Bros. Discovery tanked in New York on Thursday after the entertainment company missed estimates with its second-quarter results and booked a $9. 1bn impairment charge from its Networks division.
London close: Stocks claw back losses but still finish lower
London markets ended Thursday on a weaker note despite recovering some earlier losses, as concerns over a potential US recession weighed on investor sentiment.
Broker tips: Endeavour Mining, Glencore
Analysts at Berenberg lowered their target price on gold miner Endeavour Mining from 2,500. 0p to 2,100. 0p on Thursday as they rebased their estimates on the stock.
Director dealings: Foxtons non-executive director snaps up shares
Foxtons Group revealed on Thursday that non-executive director Jack Callaway had acquired 50,000 ordinary shares in the London-listed estate agency.
Ryanair lifts share buyback by a further €800m
Budget airline Ryanair has extended its share buyback plan by €800m due to a stronger-than-expected cash position.
Barclays becomes latest to lift cap on banker bonuses
Barclays has become the latest bank in the UK to lift the cap on senior banker bonuses, following in the footsteps of JPMorgan and Goldman Sachs.
UK's CMA starts probe into Amazon Anthropic deal
Britain’s competition regulator said it had started a formal inquiry into Amazon’s investment in artificial intelligence start-up Anthropic.
US open: Stocks higher following jobless claims data
Wall Street stocks were sharply higher at the opening bell on Thursday as fears that the US economy may be headed for a recession reappeared were soothed by weekly jobless claims data from the Labor Department.
FTSE 100 movers: Beazley surges on results; Spirax slumps
London’s FTSE 100 was down 0. 3% at 8,142. 82 in afternoon trade on Thursday.
Berenberg lowers target price on Endeavour Mining
Analysts at Berenberg lowered their target price on gold miner Endeavour Mining from 2,500. 0p to 2,100. 0p on Thursday as they rebased their estimates on the stock.
Eli Lilly hikes guidance as obesity drug sales soar
Eli Lilly significantly raised its full-year revenue forecast by $3bn on Thursday, after reporting a strong second quarter driven by the robust performance of its blockbuster weight loss and diabetes drugs Zepbound and Mounjaro.
US initial jobless claims fall by 17,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 3 August, according to the Labor Department.
Howard Hughes Holdings confirms potential offer from Pershing Square
Real estate firm Howard Hughes Holdings said on Thursday that it had received a potential takeover offer from billionaire Bill Ackman’s Pershing Square Capital Management.