Market Pulse
Wal-Mart investing heavily in e-commerce to close gap on Amazon
Wal-Mart Stores is attempting to tighten its grip on its position as the world's largest retailer by making a significant investment in its e-commerce operations.
Egdon Resources shares rise after Springs Road planning deferral
Egdon Resources shares were up on Thursday afternoon, after an announcement made after market close on Wednesday by IGas Energy.
Theranos lays off 40% of workforce in lab closures
US-based blood-testing firm Theranos is to close its testing labs in a move which will see 340 employees, or around 40% of its workforce, losing their jobs.
Yum Brands reports weaker-than-expected Q3 profits
Fast food company Yum Brands fell 3% in after-hours trading on Wednesday after posting third-quarter profits below analysts' expectations.
FastForward stock surges on investee company success
FastForward Innovations announced on Thursday that its investee company, Factom, has raised $4. 2m in new funding in its Series A financing round, led by venture capitalist Tim Draper of Draper Associates.
Summit Therapeutics shares plummet despite positive progress
Drug discovery and development company Summit Therapeutics presented preclinical data at the 21st International Congress of the World Muscle Society in Granada, Spain on Thursday, including further findings from its programme to develop tools to measure biomarkers of muscle health for use in patient clinical trials evaluating utrophin modulator therapies.
Morses Club's H1 revenue rises as it posts maiden dividend
AIM-listed home collected credit lender Morses Club’s half-year revenue increased due to the launch of a club card as it declared a maiden dividend, although profit slipped.
Replacement Galaxy Note 7 catches fire on US flight
Passengers and crew were evacuated from a flight in the US on Wednesday as electronics giant Samsung admitted one of its Galaxy Note 7 replacements caught fire moments before the aircraft was due to take off.
Asia report: Most markets higher on oil price rise
Markets in Asia finished higher on Thursday, driven by an overnight uptick in crude prices, with Seoul particularly underpinned by a surge in technology giant Samsung Electronics.
Central Rand Gold buys mine waste dump to increase revenue streams
AIM-listed miner Central Rand Gold has bought mine waste dump material close to the company’s metallurgical plant in South Africa in order to diversify and expand its revenue stream.
Rubicon recalls 84,000 bottles over explosion fears
UK-based soft drinks producer A. G. Barr has recalled four batches of its fizzy mango Rubicon drink as yeast fermentation has led to the risk of the drink exploding.
Dunelm's Q1 revenue falls due to unusually warm weather
Homeware retailer Dunelm’s first quarter revenue fell due to the unseasonably warm weather.
Initial jobless claims unexpectedly decline
The number of Americans filing for unemployment benefits unexpectedly fell last week, according to data released by the Labor Department.
Deutsche Bank to now cut 9,000 jobs globally in restructuring process
Deutsche Bank has agreed to axe a further 1,000 jobs in Germany on top of previously announced 3,000 cuts in the country, taking the total reduction to 9,000 around its offices globally.
Safestay expands Elephant and Castle hostel
Safestay, the owner and operator of a contemporary hostel, has been granted planning consent to extend its hostel in Elephant & Castle.
Twitter slumps on reports Google not planning bid
Twitter shares tumbled on Thursday following a report that Alphabet’s Google is not planning to make a bid for the company.
Citi upgrades European banks to 'overweight'
It's been a turbulent couple of weeks for the banking sector as investors worried Deutsche Bank wouldn’t be able to cough up its $14bn fine to the US Department of Justice, but Citigroup provided some cheer for the sector by upgrading European banks to ‘overweight’ from ‘neutral’.
SVG Capital agrees terms of portfolio sale to Goldman, Canada Pension Plan
SVG Capital has agreed the terms of a proposed sale of its investment portfolio to funds managed by Goldman Sachs and Canada Pension Plan Investment Board for around £748m.
DFS reports jump in full-year sales and profit
FTSE 250 furniture retailer DFS reported a jump in full-year profit and revenue and lifted its dividend as its growth strategy pays off.
Government's £2bn fund will buy unsold homes from housebuilders
To speed up the rate of house building in the UK, a £2bn government fund will offer to buy unsold homes from construction companies if they significantly step-up their rate of production.