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Davy starts coverage of De La Rue at 'outperform'
Davy initiated coverage of banknote printer De La Rue on Thursday with an ‘outperform’ rating and 160p price target, which provides 70% upside.
US pre-open: Futures cautiously higher ahead of PPI figures
Wall Street futures were cautiously higher ahead of the bell on Thursday as investors awaited another fresh inflation reading.
Chancellor to shake-up council pension schemes
Rachel Reeves is to use her first Mansion House speech as chancellor to unveil a slew of reforms to UK pension rules.
Europe midday: Stoxx extends gains on upbeat earnings; Burberry soars
European markets rallied on Thursday as investors digested US inflation data and a raft of upbeat corporate earnings.
Europe open: Stoxx up as investors mull US rate cut hopes
European markets rallied on Thursday as investors digested US inflation data and a raft of corporate earnings.
TT Electronics to make further job cuts, revenues down YOY
Electronic components manufacturer TT Electronics said on Thursday that it has been forced to make further job cuts in an effort to mitigate the impact of "substantial market changes".
Burberry surges on turnaround plan despite plunging sales
Shares in Burberry surged on Thursday as the luxury goods brand launched a review of the business in an “urgent” effort to turnaround its struggling fortunes after slumping to a £80m half-year loss driven by plunging sales in its key Chinese market.
Eurozone employment grows in Q3, GDP at 0.4%
Employment in the eurozone rose slightly more than expected in the third quarter, while the economy’s growth rate was 0. 4%, according to official flash estimates published on Thursday.
ShoreCap downgrades Capita, cites impact of NICs changes
Shore Capital downgraded its stance on Capita on Thursday to ‘hold’ from ‘buy’ ahead of detailed guidance on the potential negative impact from changes to National Insurance contributions announced in last month’s Budget.
House prices continue to climb - Rics
UK house prices continued to rise in October, a closely-watched survey showed on Thursday, as the market benefited from lower borrowing costs.
Data centre surge drives growth for Siemens
Siemens reported significant gains in the past year on Thursday, driven by robust demand in energy and electrification sectors, despite ongoing challenges in its business divisions.
Shares spark as ASML reiterates long-term growth plans
Shares in ASML Holding rallied on Thursday, after the Dutch tech giant reiterated long-term targets, including annual revenues of up to €60bn.
Asia report: Most markets fall after US inflation report
Asia-Pacific markets mostly declined on Thursday following a US inflation report overnight that reinforced expectations of a Federal Reserve rate cut in December.
Shore Capital upgrades Spirax to 'hold', considers stock "fair value"
Shares in Spirax were rising on Thursday after the company delivered a solid third-quarter update, with shares supported by a broker upgrade from Shore Capital which lifted the stock from 'sell' to 'hold'.
Kier YTD trading in line with expectations
Construction firm Kier Group said on Thursday that it had made a good start to the new trading year and expects its overall performance to be second-half weighted.
Alfa Financial Software ups profit outlook as H1 revenues jump
Alfa Financial Software has raised profit guidance for the full year after reporting double-digit revenue growth in the third quarter, causing shares to rise on Thursday.
Keller on track for full year but Europe markets weak
Keller said on Thursday that it remained on track to deliver a full-year performance in line with expectations as it announced the appointment of a new chairman, but shares in the geotechnical specialist contractor slumped as it pointed to weak activity levels in Europe.
Young’s says NI, minimum wage changes to add £11m in annual costs
Pub chain Young’s said on Thursday that changes to national insurance contributions and minimum wage announced in last month’s Budget would add around £11m in annual costs from next April.
Qinetiq ups buyback by £50m after solid first half
Shares in Qinetiq dipped on Thursday despite the aircraft engineering company delivering first-half results in line with expectations and announcing a new £50m buyback.
Assura hails 'transformative' first half as earnings spark
Real estate investment trust Assura posted improved rental income and earnings on Thursday, following a "transformative" first half.