Market Pulse
US close: Stocks close higher, erasing earlier losses
US stocks closed higher on Thursday, erasing sharp losses earlier in the session to continue solid gains recorded a day earlier despite concerns about Sino-US relations resurfacing.
London close: Stocks end lower as US rally proves short-lived
London stocks ended on the back foot on Thursday amid falling US equities, as worries about global economic growth, the Fed’s policy path and Brexit continued to play on investors’ minds.
Europe close: Stocks end down amid US selloff
European stocks ended firmly in the red on Thursday, tracking losses on Wall Street amid renewed concerns about relations between the US and China.
Faroe Petroleum holds firm as DNO urges shareholders to accept offer
Norwegian oil producer DNO has encouraged the shareholders of Faroe Petroleum to accept its 152p a share offer by 2nd January.
FTSE 250 movers: Superdry shoots higher; Dixons goes ex-div
London’s FTSE 250 was down 0. 9% at 17,156. 01 in afternoon trade on Thursday.
FTSE 100 movers: Precious metals miners shine in weaker London market
London’s FTSE 100 was down 1. 6% at 6,581. 23 in afternoon trade on Thursday, tracking losses in the US following a stellar session the previous day.
US open: Stocks give back gains amid renewed worries about Sino-US relations
US stocks were weaker in early trade on Thursday, giving back some of the stellar gains made in the previous session amid renewed jitters about Sino-US relations.
US initial jobless claims tick lower
The number of Americans filing for unemployment dipped a touch last week, according to data from the Labor Department.
Friday preview: Mortgage approvals the highlight on otherwise dull day
Unsurprisingly, there isn’t a whole going on this Friday, with the City still very much a ghost town as traders and the like continue to enjoy the festive period.
UK ethnic minority workers underpaid £3.2bn a year
Ethnic minority workers in the UK paid less than their white counterparts are losing out on £3. 2bn a year, according to the Resolution Foundation.
US pre-open: Stocks to drop after stellar gains; Teva set to rally
US futures pointed to a weaker open on Wall Street on Thursday following stellar gains in the previous session.
Director dealings: Wizz Air founder lowers stake
Wizz Air chief executive Jozsef Varadi offloaded 8,856 shares in the FTSE 250-listed airline on Thursday.
Visa to buy Earthport in £198m deal
Visa Inc has agreed to buy London-listed Earthport, which provides cross-border payment services to banks and businesses, in a £198m cash deal.
London midday: Stocks drop as US futures retreat
London stocks had fallen firmly into the red by midday on Thursday, despite huge gains on Wall Street in the previous session, as US stock futures retreated.
Europe midday: Shares fail to cling on to gains after Wall St bounce
Not even a bounce in US markets could brighten the gloom across Europe as stocks slid into the red and investors picked among the scraps like Christmas lunch leftovers.
Centamin FY gold production seen 2% lower than guidance
Centamin said on Thursday that gold production at its Sukari mine in Egypt will come in around 2% below full-year 2018 guidance of 480,000 ounces, following lower-than-expected production in October and November.
Frontier IP investment sees Halma subsidiary roll out rapid water test
Intellectual property group Frontier IP has seen Halma subsidiary Palintest begin its commercial rollout of Molendotech's rapid water testing kit.
Lamprell secures new Saudi contract
Lamprell said on Thursday that International Maritime Industries Company (IMI), the Saudi maritime joint venture in which it is a partner, intends to award the London-listed oil rig maker a contract for the construction and delivery of two jack-up drilling units.
Anglo African finds hydrocarbons at Tilapia licence
Independent oil and gas outfit Anglo African said it found hydrocarbons at its Tilapia licence in the Republic of the Congo while intersecting the Mengo horizon earlier in the week.
Sound Energy encounters gas at TE-10 test site
Preliminary results from Sound Energy's wireline logs at its TE-10 well on the Tendrara project in eastern Morocco indicated the presence of gas-bearing sands in the Triassic reservoir.