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London pre-open: Stocks seen down amid earnings barrage
London stocks were set to fall at the open on Thursday following strong gains in the previous session, as investors braced for another barrage of corporate news.
Ascential agrees to buy Effie, Beazley posts record first-half profit
London open The FTSE 100 is expected to open 26 points lower on Thursday, having closed up 1. 75% on Wednesday at 8,166. 88.
Savills holds guidance as profits jump amid signs of recovery
Real estate firm Savills held annual guidance as it reported a sharp jump in interim profits amid signs of a global recovery, although major markets were still "subdued".
Thursday newspaper round-up: Ocado, Boohoo, pensions
The UK’s largest employers have warned the jobs market is cooling amid a slowdown in wage growth in July and a fall in vacancies, extending an almost two-year downturn in hiring demand for permanent staff. Figures from the Recruitment and Employment Confederation (REC) and the accountancy firm KPMG showed a fall in permanent staff placements in July as large employers made more redundancies and hired fewer new starters. – Guardian.
Ascential buys ad awards owner Effie for undisclosed sum
Events organiser Ascential said it had signed a deal to buy the commercial assets of advertising awards owner Effie for an undisclosed sum.
US close: Stocks erase gains as rebound proves short-lived
Early gains for US stocks were wiped out by the close on Wednesday, with all three Wall Street benchmarks closing firmly in the red, as the rebound following Monday's sell-off came to an abrupt end.