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US close: Dow Jones sheds more than 200 points
Major indices delivered a mixed performance on Thursday as market participants thumbed over a number of data points in an effort to gain more insight into the current state of the US economy.
Sector movers: Investors seek out high dividend names
Utilities paced gains on the FTSE 350 on Thursday as investors added to their positions in interest rate sensitive names in a bid to lock in current dividend yields.
Friday preview: US non-farm payrolls, Berkeley Group Holdings in focus
All eyes at the end of the week will be on the US non-farm payrolls report for August, which may decide whether the Federal Reserve opts for a 25 or 50 basis point cut when its meets in two weeks' time.
London close: Stocks slip as investors digest US jobless claims
London's stock markets closed in negative territory on Thursday, as investors digested a slightly lower-than-expected jobless claims number out of the United States.
Broker tips: Coats Group, Ecora Resources
Analysts at Berenberg raised their target price on thread and structural components' manufacturer Coats Group from 120. 0p to 135. 0p on Thursday after the group announced that its UK pension scheme was now fully de-risked, a long-awaited catalyst for the stock.
US ISM services sector PMI holds up in August
A survey of the US services sector showed that activity held up in August, but companies' responses appeared to be decidedly mixed.
Director dealings: Harbour Energy director raises shareholding
Harbour Energy revealed on Thursday that senior independent director Simon Henry had acquired 20,000 ordinary shares in the London-listed upstream oil and gas company.
FTSE 100 movers: Vistry gains on results; AB Foods slumps
London’s FTSE 100 was up 0. 1% at 8,273. 84 in afternoon trade on Thursday.
RBC Capital Markets hikes target price on Ecora Resources
RBC Capital Markets raised its target price on royalty and streaming company Ecora Resources from 100. 0p to 120. 0p on Thursday following the group's results call a day earlier.
Berenberg slightly raises target price on Coats Group
Analysts at Berenberg raised their target price on thread and structural components' manufacturer Coats Group from 120. 0p to 135. 0p on Thursday after the group announced that its UK pension scheme was now fully de-risked, a long-awaited catalyst for the stock.
FTSE 250 movers: WAG surges; Ithaca slides after going ex-div
FTSE 250 (MCX) 20,824. 56 0. 08%.
US open: Mixed start to trading as traders digest jobs numbers
Wall Street trading got off to a mixed start on Thursday as market participants thumbed over a number of data points in an effort to gain more insight into the current state of the US economy.
CMA launches probe into Ticketmaster over Oasis ticket sales
The Competition and Markets Authority has launched an investigation into Ticketmaster follow the sale of tickets for legendary British rock band Oasis' upcoming reunion tour, including just how the company's controversial "dynamic pricing" may have been used.
Primark sees lower sales in H2 as wet UK summer hits footfall
Like‐for‐like sales at Primark were expected to fall by around 0. 5% in the second half of the financial year due to wet weather in the UK and Ireland which hit womenswear and footwear, said parent company Associated British Foods.
Court orders former Wirecard executives to pay €140m
Three former executives of Wirecard, including chief executive Markus Braun, have been ordered to pay €140m in damages by a Munich court.
US private sector adds fewer jobs than expected in August
Private sector employment in the US rose much less than expected in August, according to figures released on Thursday by ADP.
Revenue falls but profits stable at Churchill China
Hospitality ceramics manufacturer Churchill China reported a 7. 8% decrease in revenue in its interim results on Thursday, totaling £40. 6m, compared to £44m in the same period last year.
US jobless claims drop by 5,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 31 August, according to the Department of Labor.
Xeros shares tumble as it slashes revenue, earnings expectations
Textile industry environmental innovator Xeros Technology announced a delay in the mass market launch of a new nine-kilogram washing machine by its Indian licensee IFB Industries on Thursday.
Asos shares surge on outlook, Topshop stake sale to Heartland
Shares in Asos surged by a fifth on Thursday as the troubled online fashion retailer said it was offloading 75% of the Topshop group as part of a joint venture deal with major shareholder, the Danish fashion billionaire Anders Holch Povlsen.