Latest News
Europe midday: Shares rally ahead of German CPI; Direct Line takes off
European shares rallied on Thursday as investors eyed inflation data from German and Spain for any indication on the future path of eurozone interest rates.
French borrowing costs mount on budget tensions
France’s borrowing costs briefly topped those of Greece on Thursday, as political tensions around controversial budget plans mounted.
London midday: Stocks flat but Renewi, Direct Line surge on deal news
London stocks had pared earlier gains to trade flat by midday on Thursday, but Renewi and Direct Line powered ahead on deal news.
Ocado Group shares slip as Morrisons stops deliveries from Erith warehouse
Shares in grocery Ocado Group fell on Thursday after the logistics tech firm announced that Morrisons will cease using its customer fulfilment centre (CFC) in Erith for deliveries.
eEnergy secures contract with Newcastle College
Digital energy services provider eEnergy said on Thursday that it has secured a £975,000 contract with Newcastle College Group to deliver a full LED lighting conversion across ten buildings in Newcastle and Carlisle.
Cardiff Property grows profits, but gives cautious outlook
Cardiff Property, the London-listed developer focused on the Thames Valley, reported a 10% increase in annual profits and declared a higher dividend on Thursday, but delivered a cautious outlook regarding how policy changes could affect the property market.
Eurozone economic sentiment edges higher
Economic confidence in the eurozone edged higher in November, according to a survey released on Thursday by the European Commission, but remained below its long-term average.
Renewi 'minded to recommend' 870p a share takeover bid from Macquarie
Renewi shares rocketed on Thursday after the waste management company said it was minded to recommend a £700m takeover proposal from Australian investment firm Macquarie Asset Management, should a firm offer be made.
Artemis unveils high-grade sampling results from Thorpe Prospect
Artemis Resources announced high-grade gold and copper assay results from rock chip sampling at its Thorpe Prospect on Thursday, part of the 100%-owned Karratha Gold Project in Western Australia's Pilbara region.
Berenberg slightly raises target price on Weir Group
Analysts at Berenberg slightly raised their target price on engineering giant Weir Group from 2,450. 0p to 2,500. 0p on Thursday as it said long-term value was continuing to emerge.
Czech billionaire Kretinsky closing in on deal to buy Royal Mail - report
The sale of Royal Mail to Czech billionaire Daniel Kretinsky's EP Group is reportedly close to being finalised and could be confirmed in the next two weeks.
Impax revenue, earnings fall as AuM remains steady
Impax Asset Management posted a modest decline in revenue and profits for the year ended 30 September on Thursday, while maintaining steady assets under management.
Higher Aviva offer might be forthcoming if Direct Line engages, says Jefferies
A higher takeover proposal from Aviva might be forthcoming, Jefferies said in a note on Thursday, as it commented on the insurer’s £3. 3bn takeover proposal for Direct Line.
Asia report: Markets mixed after suprise Korea rate cut
Markets in the Asia-Pacific region saw a mixed performance on Thursday as investors weighed South Korea's unexpected interest rate cut and a subdued session on Wall Street.
Revenue, earning fall for James Latham
Timber and panel products specialist James Latham posted a slight decline in revenue and profitability for the six months ended 30 September on Thursday, citing market pressures and changing product dynamics.
Tullow Oil lowers FCF guidance on payment delays
Energy company Tullow Oil lowered full-year free cash flow guidance on Thursday on the back of payment delays.
Amaroq pours first gold at Nalunaq
Amaroq Minerals, an independent mine development company focussed on southern Greenland, announced its first gold pour at the Nalunaq gold mine on Thursday, marking a significant milestone in the mine's development.
THG shares jump as investors welcome demerger plans
Shareholders of THG welcomed the ecommerce group's plans for its demerger on Thursday, with the company outlining proposals to separate its Ingenuity tech arm from its beauty and nutrition businesses.
Fortress Investment snaps up Loungers in £340m deal
Loungers has agreed to be taken over by Fortress Investment Group in a near £340m deal, the UK bar and restaurant operator confirmed on Thursday.
London open: FTSE edges up; Direct Line surges after rejecting Aviva bid
London stocks edged up in early trade on Thursday, with Direct Line powering ahead after it rejected another takeover proposal, but trade was set to be quiet as US markets will be closed for the Thanksgiving holiday.