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Friday preview: US consumer confidence, UK retail sales in focus
The market spotlight at the end of the week will continue to be on the US, where a flurry of economic indicators are due out.
Europe close: Stocks up as US data revive soft landing hopes
European stocks jumped on Thursday following the release of stronger-than-expected readings for US retail sales and weekly jobless claims that some economists said pointed to the likelihood of a soft landing in the States.
London close: Stocks buoyed by solid economic data
London stocks ended Thursday on a positive note, buoyed by data confirming expected growth in the UK economy for the second quarter.
Broker tips: DCC, FRP Advisory, Begbies Traynor
RBC Capital Markets upgraded DCC on Thursday to 'outperform' from 'sector perform' and lifted the price target to 5,800. 0p from 5,700. 0p following recent weakness.
Director dealings: Genedrive chairman snaps up shares
Genedrive revealed on Thursday that chairman Ian Gilham had acquired 1. 0m shares in the AIM-listed pharmacogenetic testing company.
FTSE 100 movers: Admiral surges on results; Rio Tinto goes ex-div
London’s FTSE 100 was up 0. 7% at 8,342. 91 in afternoon trade on Thursday.
US open: Stocks higher following data onslaught
Wall Street stocks were firmly higher early on Thursday as investors digested a slew of data points.
Philly Fed factory index drops unexpectedly in August
Factory activity in the US mid-Atlantic region shrank unexpectedly in August, the results of a closely followed survey showed.
Rebound in Autos and parts sees US July retail sales surge
Retail sales jumped last month, driven by a rebound in auto purchases.
Weekly US jobless claims dip again
Unemployment claims in the US dipped unexpectedly during the previous week.
Berenberg raises target price on FRP Advisory
Analysts at Berenberg took a fresh look at the British insolvency services market on Thursday as it dissected the impact of the Labour Party's recent UK election victory on the sector.
UBS to liquidate Credit Suisse real estate fund
UBS said on Thursday that it will liquidate a real estate fund inherited when it took over Credit Suisse which is valued at more than $2bn.
Carrier Global to sell commercial and fire business for $3bn
Carrier Global said on Thursday that it has agreed to sell its commercial and residential fire business to an affiliate of private equity firm Lone Star Funds for $3bn.
Atome completes Paraguay free trade zone agreement
Green fertiliser project developer Atome announced the completion of a formal free trade zone (FTZ) contract for its flagship 145 MW Villeta project in Paraguay on Thursday.
Europe midday: Shares hold gains as UK GDP rises
European stocks were higher on Thursday as investors digested UK GDP figures and the monthly China data dump.
US pre-open: Futures higher as investors brace for data onslaught
Wall Street futures were in the green ahead of the bell on Thursday as investors braced for a slew of data points.
TPG reportedly shortlisted as possible easyHotel buyer
Private equity firm TPG has been shortlisted as a potential buyer for the easyHotel chain of budget accommodation, it was reported on Thursday, valued at about £400m.
London midday: FTSE little changed after GDP; Admiral surges
London stocks were little changed by midday on Thursday as data showed the UK economy grew as expected in the second quarter, but Admiral surged after well-received results.
Polarean Imaging retains co-founder on consultant basis
MRI technology specialist Polarean Imaging announced the appointment of Bastiaan Driehuys as a consultant to the company on Thursday, effective immediately.