Market Pulse
Rightmove agrees new contract with OpenRent
Rightmove said on Thursday that it had entered into a new membership agreement with online lettings agent OpenRent.
London close: Stocks claw back losses but still finish lower
London markets ended Thursday on a weaker note despite recovering some earlier losses, as concerns over a potential US recession weighed on investor sentiment.
Broker tips: Endeavour Mining, Glencore
Analysts at Berenberg lowered their target price on gold miner Endeavour Mining from 2,500. 0p to 2,100. 0p on Thursday as they rebased their estimates on the stock.
Director dealings: Foxtons non-executive director snaps up shares
Foxtons Group revealed on Thursday that non-executive director Jack Callaway had acquired 50,000 ordinary shares in the London-listed estate agency.
US open: Stocks higher following jobless claims data
Wall Street stocks were sharply higher at the opening bell on Thursday as fears that the US economy may be headed for a recession reappeared were soothed by weekly jobless claims data from the Labor Department.
FTSE 100 movers: Beazley surges on results; Spirax slumps
London’s FTSE 100 was down 0. 3% at 8,142. 82 in afternoon trade on Thursday.
Berenberg lowers target price on Endeavour Mining
Analysts at Berenberg lowered their target price on gold miner Endeavour Mining from 2,500. 0p to 2,100. 0p on Thursday as they rebased their estimates on the stock.
Eli Lilly hikes guidance as obesity drug sales soar
Eli Lilly significantly raised its full-year revenue forecast by $3bn on Thursday, after reporting a strong second quarter driven by the robust performance of its blockbuster weight loss and diabetes drugs Zepbound and Mounjaro.
US initial jobless claims fall by 17,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 3 August, according to the Labor Department.
Howard Hughes Holdings confirms potential offer from Pershing Square
Real estate firm Howard Hughes Holdings said on Thursday that it had received a potential takeover offer from billionaire Bill Ackman’s Pershing Square Capital Management.
Seeing Machines flags strong fourth quarter
Driver monitoring technology company Seeing Machines announced significant growth in its key performance indicators for the fourth quarter on Thursday.
PetroTal reports solid quarterly progress
Peru-focussed oil producer PetroTal reported strong second-quarter financial and operational results on Thursday, reflecting robust production, significant cash flow generation, and ongoing strategic growth.
US pre-open: Futures mostly lower amid resurgent recession fears
Wall Street futures were mostly lower ahead of the opening bell on Thursday as fears that the US economy may be headed for a recession reappeared.
Custodian Property reports strong leasing activity
Custodian Property Income REIT reported strong leasing activity for the June quarter on Thursday, underpinning its fully covered dividend and supporting a yield of about 7. 7%.
Hostelworld swings to first-half operating profit
Accommodation booking platform Hostelworld reported a robust first-half performance on Thursday, driven by record bookings in Asia and Central America and the continued success of its social network strategy.
Oxford Biomedica still expecting small loss after solid first half
Cell and gene therapy contract development and manufacturing organisation Oxford Biomedica reported a strong first-half trading performance in an update on Thursday, with revenue expected to reach £50m.
London midday: FTSE stays down amid US recession fears; Beazley surges
London stocks were still sharply lower by midday on Thursday as worries about a US recession dented sentiment and as investors waded through a barrage of corporate releases.
Impact Healthcare upbeat on first-half performance
Impact Healthcare REIT reported a robust set of first-half results on Thursday, reflecting solid growth in its UK healthcare real estate portfolio, particularly care homes.
Lord Saatchi's bid for the Telegraph rejected by RedBird IMI
Ex-ad tycoon Lord Maurice Saatchi's bid to acquire the Telegraph has been rejected, it emerged on Thursday, with his offer of £350m failing to progress to the second round of the auction process.
Citi renews coverage on Glencore at ‘buy’
Citi said on Thursday that it was renewing coverage on Glencore with a ‘buy’ rating and 530p price target, having previously suspended its rating.