Market Pulse
Thursday newspaper share tips: Auto Trader
AutoTrader had done well since floating last March and assuming used car sales continued rising the shares should continue to do quite well, the Financial Times’s Lex column said on Thursday.
Commodities: Oil rally cools as oversupply concerns return
Oil futures headed sideways on Thursday, after substantial spikes over the previous session, premised on a call by major producers to freeze production, fizzled out with Iran still not clarifying its stance on whether or not it would back a Saudi-Russian initiative.
Sector Movers: Resource, banking stocks tumble
Resource and banking stocks registered declines on Thursday, with both London indices ending the session on a lacklustre note.
Europe close: Stocks finish lower in profit-taking
European stocks ended on a mixed note on Thursday despite well-received corporate news, amid profit-taking following several sessions of gains.
Fitch downgrades Shell to 'AA-' with negative outlook
Fitch Ratings has downgraded Royal Dutch Shell's long-term Issuer Default Rating (LT IDR) to 'AA-' from 'AA' with a ‘Negative’ outlook.
London close: Stocks slide after China inflation miss
UK stocks slumped on Thursday as Chinese inflation figures missed forecasts and as a Bank of England policymaker pushed back against some market expectations for a 2019 interest rate hike.
Amerisur makes good progress on Colombia-to-Ecuador oil pipeline
Amerisur Resources was making good progress on its Colombia-to-Ecuador oil pipeline system on Thursday, as it updated the market on the Oleoducto Binacional Amerisur (OBA).
FX Roundup: US jobs data fails to boost the dollar
The dollar was up against select crosses on Thursday, but failed to dominate across the forex board despite a positive US jobs report.
Surface Transforms wins cash boost to expand plant
Surface Transforms has secured funds to help it move into larger site, receiving a cash injection from a Liverpudlian investment fund and signing heads of terms for a lease on large new manufacturing premises.
Petroceltic completes exit from Egyptian licences
Petroceltic continued its refocus on Algeria on Thursday, announcing the completion of the sale of certain exploration licences in Egypt to its joint venture partner Edison International.
CitySprint wins LDC cash to speed same-day delivery, Dunedin IT to wind down
CitySprint, the same-day delivery company, has completed a secondary buyout that values it at £175m, with owner private equity owner Dunedin selling a stake to Lloyds' private equity arm LDC.
BMR Group raises more than half funding target
BMR Group revealed the success of its open offer on Thursday, bringing in a little over half of the company's £750,000 target to fund the completion of its pilot plant and construction of its main lead and zinc tailings plant at the Kabwe mine in Zambia.
Personal Group loses Royal Mail insurance contract
Personal Group reported good trading in an update to the market on Thursday, but that could change in March as the company announced it was being dropped as the insurance provider to Royal Mail's workforce.
Jarvis Securities reports growth in mixed 2015
Jarvis Securities was riding a wave of optimism in its full year results on Thursday, posting some positive numbers despite a mixed 12 months of trading to 31 December.
IBM to buy Truven Health Analytics for $2.6bn
IBM has agreed to acquire healthcare data group Truven Health Analytics for $2. 6bn (£1. 8bn).
Plant Impact expands into North America
Plant Impact revealed a significant expansion to its business on Thursday, announcing the establishment of a North American division in the US, and the appointment of Mike Eade as its commercial and marketing director.
European Metals reports good results from Cinovec
European Metals reported some stong analytical results from its recent drilling at the Cinovec Lithium-Tin-Tungsten project north west of Prague, Czech Republic on Thursday, for the two remaining drillholes drilled in 2015.
Bluecrest AllBlue Fund to benefit from US CDS litigation award
The FTSE 250-listed BlueCrest AllBlue Fund could receive some of the fund from a multi-million dollar award of US civil litigation matter regarding the pricing transparency of certain credit default swaps.
FTSE 250 movers: Tullow Oil tanks but Indivior surges on results
London’s FTSE 250 index was up 0. 3% to 16,198. 52 at 1515 GMT, faring a little better than its big brother.