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US close: Markets stabilise after dramatic sell-off
US stocks gave up earlier gains to finish flat on Thursday, pausing after a huge sell-off the previous session, as investors continued to digest hawkish comments from the Federal Reserve and a barrage of economic data.
Director dealings: Abrdn CEO snaps up shares
Abrdn revealed on Thursday that chief executive Jason Windsor had acquired 357,635 ordinary shares in the FTSE 250-listed investment firm.
Friday preview: US inflation data, UK retail sales in focus
Investors' focus at the end of the week will continue to be on the inflation picture in the US.
MicroSalt files US patent application for new formulation
MicroSalt announced the filing of a new patent application with the United States Patent and Trademark Office on Thursday, for a new method to create granulated salt from powdered formulations.
Europe close: Stocks hit three-week low after FOMC meeting
European stocks dropped to a three-week low on Thursday as hawkish comments from the Federal Reserve encouraged investors to take profits with global markets trading at or close to record highs.
London close: Stocks slip as BoE holds rates steady
London stocks closed sharply lower on Thursday, as investors digested a slew of central bank decisions across the globe.
US existing home sales rise past forecasts in November
Second-hand home sales in the States jumped last month.
US open: Stocks higher following yesterday's Fed-fuelled sell-off
Major indices were in the green early on Thursday as major indices looked set to shrug off comments from Federal Reserve chairman Jerome Powell that led to a major sell-off in the previous session.
FTSE 250 movers: Serco rallies on update; US-exposed stocks hit by hawkish Fed
FTSE 250 (MCX) 20,368. 09 -1. 14% .
FTSE 100 movers: Water companies rally; ICG in the red
London’s FTSE 100 was down 1. 3% at 8,089. 42 in afternoon trade on Thursday.
Soho House receives takeover offer from unnamed consortium
Shares in New York-listed Soho House & Co soared on Thursday after the private members club revealed that it had received a takeover offer valuing the company at around $1. 8bn.
IP Group raises buyback again after its biggest-ever exit
Early stage science investor IP Group has received £119m in initial cash proceeds from the sale of portfolio company Featurespace to Visa, and will beef up its share buyback plan by £25m after the biggest exit in its history.
Jefferies lifts ICG price target
Jefferies lifted its price target on Intermediate Capital Group on Thursday to 2,700p from 2,300p.
Philly Fed index surprises to the downside in December
Activity in the US mid-Atlantic region weakened at the end of 2024, the results of a closely followed survey showed.
US initial jobless claims fall by 22,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 14 December, according to the Labor Department.
Bank of England leaves interest rates unchanged
The Bank of England left interest rates on hold at 4. 75% on Thursday, in a move widely expected following a recent uptick in inflation.
Sabien Technology project approved by City of Phoenix
Sabien Technology Group announced significant progress on its waste plastics-to-oil initiative in the United States on Thursday, following the approval of its project by the City of Phoenix Council on 18 December.
Conygar granted planning permission for Nottingham student property
The share price of Conygar Investment Company continued its recent slide on Thursday despite the property company being granted planning permission for a 383-bed student accommodation development in Nottingham.
US pre-open: Futures higher following yesterday's heavy losses
Wall Street futures were in the green ahead of the bell on Thursday after comments from Federal Reserve chairman Jerome Powell led to a major sell-off in the previous session.
Synergia reports progress with Cambay workover programme
Synergia Energy updated the market on its workover activities at the Cambay PSC in India on Thursday, where it holds a 50% working interest.