Market Pulse
London close: Stocks rise as US inflation slows more than expected
London stocks ended Thursday on a high note, buoyed by favourable economic data from both sides of the Atlantic.
Supermarkets say card payment issues resolved
Card payment disruptions at major UK retailers were reportedly resolved by Thursday afternoon, after customers at chains including Asda, Sainsbury's, and various petrol stations reporting issues with both Visa and Mastercard transactions.
Bain Capital to buy Envestnet in $4.5bn deal
Envestnet said on Thursday that it has agreed to be bought by Bain Capital in a $4. 5bn deal.
FTSE 100 movers: Water firms gush higher; DCC in the red
London’s FTSE 100 was up 0. 3% at 8,219. 41 in afternoon trade on Thursday.
Ideagen abandons pursuit of Crimson Tide, shares slide
Crimson Tide tumbled on Thursday as it said that Ideagen had decided not to make an offer for the group.
RBC Capital downgrades Anglo American, cuts forecasts on Grosvenor fire
RBC Capital Markets downgraded Anglo American on Thursday to ‘sector perform’ from ‘outperform’ and cut the price target to 2,600p from 3,100p.
PepsiCo profits top expectations, revenue misses slightly
PepsiCo has reported a significant increase in its second-quarter profits on Thursday, surpassing Wall Street expectations despite a continuous decline in consumer demand for its snacks and beverages.
Faron gets positive FDA feedback on bexmarilimab study plans
Faron Pharmaceuticals announced positive feedback from the FDA regarding the clinical development plan for its drug candidate bexmarilimab, aimed at treating myelodysplastic syndrome (MDS), on Thursday.
L&G's Salary Finance reportedly in merger talks with Oakbrook
A major merger is on the horizon for Salary Finance, a fintech firm partly owned by Legal & General (L&G), and Oakbrook, a tech-enabled lending platform, according to fresh reports on Thursday.
Cornish Metals starts second phase of South Crofty shaft refurbishment
Minerals explorer and developer Cornish Metals announced the start of the second phase of shaft refurbishment at its wholly-owned and permitted South Crofty tin project in Cornwall on Thursday.
BHP suspending Western Australia nickel operations
BHP announced the suspension of its Nickel West operations and the West Musgrave project in Western Australia on Thursday, starting from October.
DP Poland reports further growth in first half
DP Poland, the master franchisee and operator of Domino's Pizza stores across Poland and Croatia, reported growth across its key financial and operational metrics in a first-half update on Thursday.
London midday: Stocks tick higher after UK GDP data; water firms in focus
London stocks had edged further into the black by midday on Thursday following better-than-expected UK GDP data, as investors looked ahead to the latest US inflation reading.
Quantum Blockchain investee Forcrowd gets EU Passport
Quantum Blockchain Technologies updated the market on its investee company Forcrowd on Thursday - an Italian equity-crowdfunding platform in which it holds a 41% stake.
Jet2 hikes dividend as profits rise amid record passenger numbers
Jet2 posted a jump in full-year profit on Thursday and lifted its dividend as it hailed record passenger numbers.
Central Asia Metals flags full-year Sasa production at low end of guidance
Central Asia Metals updated the market on the first-half performance of its Kounrad copper recovery plant in Kazakhstan and the Sasa zinc-lead mine in North Macedonia on Thursday.
Polar Capital reports growth in assets under management
Active asset manager Polar Capital reported a significant increase in its assets under management (AuM) for the quarter ended 30 June on Thursday, rising to £23. 5bn from £21. 9bn at the end of March, making for a 7% increase.
Apax Global Alpha fund offloads remaining Genius Sports stake
Apax Global Alpha announced on Thursday that the Apax IX Fund, in which it is a limited partner, has sold its remaining shares in Genius Sports, a provider of sports data, content, and technology.
PetroTal reports robust second-quarter production
PetroTal reported robust second-quarter production in an update on Thursday, achieving an average production rate of 18,290 barrels of oil per day (bopd) despite a brief river blockade, with June's average production reaching 20,555 bopd.
Asia report: Markets join global rally as BoK holds rates
Asia-Pacific markets experienced a strong rally on Thursday, driven by optimism over potential Federal Reserve rate cuts and the positive performance of US big tech stocks overnight.