Market Pulse
Real Good Food disposes of jams and preserves unit
Bakery and ingredients developer Real Good Food disposed of its jams and preserves wing R&W Scott for a total of £1. 5m in cash on Thursday.
AstraZeneca upbeat on positive results from three drug trials
AstraZeneca announced a slew of positive drug trial results on Thursday, first reporting that the Phase III OLYMPUS and ROCKIES trials for roxadustat had each met their primary efficacy endpoints, for the treatment of patients with anaemia in chronic kidney disease (CKD) that were either non-dialysis-dependent or dialysis-dependent, respectively.
London open: Stocks track Wall St lower after Fed disappoints; BoE eyed
London stocks fell in early trade on Thursday, taking their cue from Fed-fuelled losses on Wall Street following a less dovish than expected policy announcement from the US central bank, as investors eyed the latest rate decision from the Bank of England.
Stagecoach exits North America to focus on UK
Stagecoach has agreed to sell its North America bus and coach division to a US private equity firm for up to $207m (£163m) cash.
LondonMetric enters into £150m private placement
LondonMetric Property has entered into a £150m private placement at a blended fixed rate coupon of 3. 5% and a weighted average maturity of 12 years.
London pre-open: Stocks seen lower after Wall St losses; BoE in focus
London stocks were set to fall at the open on Thursday, taking their cue from Fed-fuelled losses on Wall Street as investors eyed the latest policy announcement from the Bank of England.
Thursday newspaper round-up: Uber, Facebook, Sainsbury/Asda merger, Brexit chicken
Judges have dismissed Uber’s appeal against a landmark employment tribunal ruling that its drivers should be classed as workers with access to the minimum wage and paid holidays. Master of the rolls, Sir Terence Etherton, along with Lord Justice Bean, backed an October 2016 employment tribunal ruling that could affect tens of thousands of workers in the gig economy. A third judge, Lord Justice Underhill, dissented, leading to a 2-1 majority decision. – Guardian.
US close: Stocks close lower following Fed's defiance of Trump
US stocks recorded some heavy losses on Wednesday following the Federal Reserve's latest policy announcement.