Market Pulse
US close: Post-Brexit recovery continues for third session
US stocks closed higher on Thursday - the final day of the quarter - as the post-Brexit recovery completed its third straight day.
Commodities: China might be close to filling its strategic oil reserves
Commodities were broadly lower, led by losses in the energy patch, as the Greenback advanced in a late-day spurt of buying after the Governor of the Bank of England signalled that further policy easing was likely over the summer.
Credit Suisse restarts Glencore at outperform, raises target on Anglo American
Credit Suisse gave the mining sector a boost on Thursday as the broker raised its projections for the average price of some key base base and precious metals, while re-jigging its target prices on a large swathe of the mining space in the process.
Europe close: Stocks gain ground despite uncertainty
European stocks reversed opening losses to trade higher in choppy markets, with investors continuing to mull over the impact of Brexit as it emerged who would be running for Prime Minister in the UK and the Bank of England dropped a heavy hint that it might ease policy further over the summer.
Insurers and miners pace gains
Insurers and miners helped the Footsie outperform on Thursday after Fitch reaffirmed its constructive view on Prudential and an upbeat reserch note out of Credit Suisse helped to boost shares of many miners.
Broker tips: Centrica, Travis Perkins, Reckitt Benckiser
Centrica’s ‘outperform’ rating was left unchanged by RBC Capital Markets on Thursday but the British Gas owner’s target price was cut to 250p from 280p.
Heathrow expansion delayed until new Tory leader elected
The government said on Thursday it has deferred deciding on whether to expand Heathrow airport until a Conservative party leader and prime minister is elected.
Barclays has no plans to move jobs due to Brexit
Barclays has no plans to move jobs out of the UK due to Brexit, chief executive Jes Staley said on Thursday.
Director dealings: New Costain chairman makes first purchase
Costain's newly appointed chairman Paul Golby purchased more than £111,000 worth of shares in the engineer on the day it released strong first-half trading update.
Pound weakens as BoE Governor points towards further easing
The Bank of England might have to ease its policy settings over the summer, Governor Mark Carney said.
London midday: Stocks waver on Brexit woes, political instability
UK stocks wavered on Thursday as contenders for Prime Minister came forward in the wake of Brexit.
Hershey subject to takeover bid from Mondelez - WSJ
Snack food company Mondelez International has made an attempt to take over Hershey, according to a report from the Wall Street Journal.
US open: Stocks rise as sentiment recovers after Brexit
US stocks rose on Thursday as investor sentiment continued to recover following last week’s European Union referendum.
WPP to invest in Woven Digital
Advertising giant WPP announced on Thursday it has agreed to invest in Woven Digital, a US media company aimed at millennials.
Fitch reiterates Prudential´s long-term debt rating
A further one-notch downgrade of its rating on the UK´s sovereign long-term debt would not automatically trigger a cut to Prudential´s own rating, Fitch Ratings said in a report in which it also reaffirmed the insurer´s current standing.
FTSE 250 movers: Broader rebound outweighs ongoing housing rout
The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote.
Thursday newspaper share tips: Stagecoach, Bunzl
Stagecoach shares are cheap but the company is facing challenges which investors should keep in mind, the Financial Times´s Lex column said.
Walker Crips' full year profits double
Financial services firm Walker Crips’ full year profits more than doubled, although it raised concerns about Brexit uncertainty.
FTSE 100 movers: 3i rallies but banks and housebuilders slide again
London’s FTSE 100 index was up 0. 2% to 6,373. 43 in afternoon trading, back in the black after a shaky start as investors continued to mull the implications of Brexit.
News Corp to buy TalkSport owner Wireless Group
News Corp has agreed to buy Wireless Group, formerly UTV Media, in a £220. 3m deal.