Market Pulse
GSK to sell remaining 4.2% stake in Haleon
GSK said on Thursday that it plans to sell its entire remaining 4. 2% stake in Haleon.
Broker tips: Travis Perkins, Treatt
Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an "undervalued UK recovery play".
London close: Stocks mixed as ex-divs drag on FTSE
London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.
H&T Group trading as expected in year-to-date
Pawnbroker and jewellery retailer H&T Group said in an update on Thursday that its trading performance since the start of the year had been in line with expectations, marked by strong demand for pledge loans.
Ilika losses narrow in year of progress
Solid-state battery technology developer Ilika reported full-year growth in a trading update on Thursday, alongside significant advancements in its ‘Stereax’ manufacturing and ‘Goliath’ product development.
Michelmersh reports positive order momentum
Specialist brickmaker Michelmersh reported continued positive order intake momentum in an update on Thursday, aligning with market expectations.
M&C Saatchi trading in line, agrees sale of Swiss operation
M&C Saatchi continued positive momentum from the second half of 2023 in a trading update on Thursday, with overall performance in line with expectations.
Quantum Blockchain settles with some Sipiem defendants
Quantum Blockchain Technologies announced a significant development in its ongoing legal case involving its wholly-owned subsidiary Clear Leisure 2017, and Sipiem in Liquidazione, on Thursday.
US open: Stocks trade higher, Dow briefly crosses 40,000
Wall Street stocks were higher early on Thursday as cooler-than-expected inflation data helped push major indices to fresh record highs.
FTSE 100 movers: BT surges; Sage hit after cutting revenue guidance
London’s FTSE 100 was flat at 8,442. 62 in afternoon trade on Thursday.
Secure Trust Bank reports positive first quarter
Specialist lender Secure Trust Bank reported a positive first quarter in a trading update on Thursday, with growth in net lending balances and progress in cost-saving initiatives under Project Fusion.
Philly Fed index declines amid drop in new orders
Factory activity in the US mid-Atlantic region slowed a tad more than expected in May, the results of a closely-followed survey revealed.
Chevron preparing to sell UK North Sea oil and gas assets - report
Chevron is reportedly set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy firm’s exit from the ageing basin after more than 55 years.
US pre-open: Futures little changed as major indices hit record highs
Wall Street futures were slightly higher ahead of the bell on Thursday as cooler-than-expected inflation data helped push major indices to fresh record highs.
Redecentric FY earnings grow, four 'larger customers' unexpectedly cancel contracts
Cyber security firm Redcentric said on Thursday that both revenue and earnings had grown in the year ended 31 March but noted it had experienced installation delays at the London Technology Centre and contract cancellations by several large customers.
London midday: FTSE stays down as ex-divs weigh; Sage tumbles
London stocks were still a little weaker by midday on Thursday amid a deluge of corporate news, dragged lower by ex-dividend shares.
US healthcare firm AOTI planning £160m London float - report
US woundcare technology developer AOTI is reportedly preparing to push the button on a London stock market flotation next month.
Asia report: Markets rise despite deeper Japan GDP contraction
Asia-Pacific markets saw gains on Thursday, buoyed by Wall Street's record performance overnight driven by lower-than-expected inflation data in the US.
Berenberg lowers target price on Treatt, stays at 'buy'
Analysts at Berenberg cut their target price on food ingredients manufacturer Treatt from 700. 0p to 580. 0p on Thursday as its "slow start" to FY24 resulted in a downgrade to full-year revenue growth guidance.
Water Intelligence continues on 'solid growth trajectory'
Leak detection and remediation solutions provider Water Intelligence said on Thursday that its "solid growth trajectory" had continued over the three months ended 31 March in terms of both revenue and profits.