Market Pulse
Broker tips: Admiral, Derwent London, Segro
Jefferies upgraded Admiral on Thursday to 'hold' from 'underperform' and lifted its price target on the stock to 3,025. 0p from 2,300. 0p as it upped its earnings per share forecasts.
London close: Stocks mixed as investors look to Jackson Hole
London's stock markets closed on a mixed note Thursday, as traders remained cautious ahead of a speech from Federal Reserve chair Jerome Powell.
Director dealings: Big Technologies CEO raises stake
Big Technologies revealed on Thursday that chief executive Sara Murray had acquired 100,000 ordinary shares in the AIM-listed technology firm.
FTSE 100 movers: JD Sports gains on Q2 results; L&G goes ex-div
London’s FTSE 100 was flat at 8,285. 99 in afternoon trade on Thursday.
US open: Stocks mixed as traders await Powell's Jackson Hole speech
Wall Street stocks were mixed early on Thursday as traders continued to await comments from Federal Reserve chairman Jerome Powell.
Novacyt recovers £12.2m in VAT after settling DHSC dispute
Molecular diagnostics company Novacyt announced the successful recovery of £12. 2m in VAT from HM Revenue and Customs (HMRC) on Thursday.
Boston Fed president Collins signals her support for rate cuts
Boston Federal Reserve president Susan Collins suggested on Thursday that it would soon be appropriate for the Fed to initiate a cycle of interest rate cuts, indicating her likely support for a rate reduction at the central bank’s upcoming policy meeting.
FTSE 250 movers: Hays, Derwent London and Bank of Georgia in demand
The second-tier index was edging higher on Thursday with Hays, Derwent London and Bank of Georgia providing a lift, offsetting weakness among ex-dividend stocks.
Escher Group said to be plotting return to London stock market
Escher Group, a supplier of software to post offices around the world, is reportedly plotting a return to the London stock market six years after it was taken private.
US jobless claims rise by 4,000
Americans lined up for unemployment benefits at a slightly accelerated pace in the week ended 17 August, according to the Labor Department.
JPMorgan lifts Segro price target
JPMorgan Cazenove upped its price target on Segro on Thursday to 1,050p from 1,000p as it reassessed the outlook for the company following first-half results.
US pre-open: Futures little changed as traders look ahead to Jackson Hole
Wall Street futures were little changed ahead of the bell on Thursday as traders continued to await comments from Federal Reserve chairman Jerome Powell.
Advance Auto Parts to sell Worldpac to Carlyle for $1.5bn
Advance Auto Parts said on Thursday that it has agreed to sell Worldpac, its automotive parts wholesale distribution business, to private equity firm Carlyle for $1. 5bn in cash.
Guardian Metal reports positive drilling progress at Pilot Mountain
Nevada-focussed strategic mineral explorer Guardian Metal Resources updated the market on drilling at its flagship Pilot Mountain Project on Thursday, located in the Walker Lane Mineral Belt.
Empire Metals confirms high-purity anatase at Pitfield Project
Resource explorer and developer Empire Metals announced a significant update on its recently-discovered titanium dioxide mineral deposit at the Pitfield Project in Western Australia on Thursday.
London midday: FTSE maintains gains as JD Sports surges
London stocks were still in the black by midday on Thursday, with JD Sports surging ahead after a well-received update, as investors eyed a speech by Federal Reserve chair Jerome Powell.
Anglo Asian announces production guidance as it raises tailings capacity
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced its production guidance for the full year on Thursday.
Petro Matad upbeat on recent operational progress
Mongolian oil company Petro Matad updated the market on its operations on Thursday, highlighting the successful re-entry and completion of the Heron-1 oil discovery well, as well as plans for its upcoming 2024 drilling programme.
Calnex confident in outlook as it launches new products
Telecommunications test and measurement and cloud computing specialist Calnex Solutions reported significant advancements in product development and strategic initiatives in an update on Thursday, despite ongoing challenges in the telecoms sector.
Ariana outlines reorganisation of Turkish assets
Mineral explorer and developer Ariana Resources announced the successful reorganisation of its interests in Türkiye on Thursday, following completion of a merger between Zenit and Pontid.