Market Pulse
US close: Stocks lower following September's CPI reading
Wall Street stocks were in the red at the end of trading on Thursday as market participants digested September's hotter-than-expected consumer price index.
THG announces £75m fundraising, demerger of Ingenuity business
E-commerce company THG said on Thursday that it will go ahead with plans to demerge its Ingenuity business into a standalone independent private entity as it announced a £75m equity raising to help facilitate the demerger.
London close: Stocks red as US inflation, jobless claims top forecasts
London's stock markets ended Thursday in negative territory as investors weighed higher-than-expected inflation and jobless claims readings out of the United States.
Broker tips: GSK, Central Asia Metals
GSK's $2. 2bn payment to settle 93% of outstanding Zantac lawsuits in the US was close to the "best case scenario", according to Jefferies, which said the announcement should remove a significant weight on the share price.
Director dealings: Next director offloads shares
Next revealed on Thursday that executive director Jeremy Stakol and his wife Marcelle had disposed of 26,523 ordinary shares in the London-listed retailer.
US open: Stocks lower following hotter-than-expected CPI reading
Wall Street stocks were in the red early on Thursday as market participants digested September's hotter-than-expected consumer price index.
US CPI rises by more-than-expected in September
The US consumer price index rose by more than expected in September, according to the Bureau of Labor Statistics.
US initial jobless claims much higher than expected, hit 14-month high
Americans lined up for unemployment benefits at an accelerated pace in the week ended 5 October, according to the Labor Department.
Polar Capital assets under management rise in first half
Specialist active asset manager Polar Capital reported an increase in its assets under management for the six months ended 30 September on Thursday.
Games Workshop board taps Mark Lam as its new chair
Games Workshop Group announced the appointment of Mark Lam as its new non-executive chair on Thursday, effective 1 November.
US pre-open: Futures lower ahead of September CPI
Wall Street futures were in the red ahead of the bell on Thursday as market participants patiently awaited the release of September's consumer price index.
Ithaca credit ratings upgraded after Eni UK combination
Ithaca Energy announced on Thursday that, following the completion of its business combination with Eni’s UK upstream oil and gas assets on 3 October, its credit ratings had been upgraded by multiple agencies.
Renewi completes divestment of UK business to Biffa
Waste-to-product specialist Renewi announced on Thursday that it has completed the sale of its UK Municipal operations to UK integrated waste management business Biffa.
Foresight reports strong trading in first half
Foresight Group, an investment manager in real assets and growth capital, updated the market on its first-half trading on Thursday, with core EBITDA before share-based payments totalling £29m, in line with management expectations to double core EBITDA over a five-year period.
PayPoint's Obconnect wins New Zealand banking system contract
PayPoint announced that its Open Banking technology subsidiary Obconnect had been chosen by the New Zealand Banking Association (NZBA) to deliver the confirmation of payee ecosystem in New Zealand.
London midday: Stocks dip ahead of US inflation reading
London stocks had fallen into the red by lunchtime on Thursday, as investors awaited crucial US inflation data, which could influence the Federal Reserve’s next policy moves.
Berenberg dowgrades Central Asia Metals to 'hold'
Analysts at Berenberg downgraded Central Asia Metals from 'buy' to 'hold' on Thursday and lowered its target price on the stock from 230. 0p to 210. 0p following the group's Q3 production results a day earlier.
Norcros reports resilient first-half trading performance
Bathroom and kitchen product designer and supplier Norcros reported a resilient trading performance for the first half of the year in an update on Thursday.
MaxCyte appoints new chief commercial officer
Cell engineering company MaxCyte announced the appointment of Ali Soleymannezhad as its new chief commercial officer on Thursday, effective from 11 September.
Centaur Media shares slump on profit warning
Shares in events and marketing business Centaur Media were sharply lower early on Thursday after it said ongoing challenges in the marketing sector had weighed on earnings throughout H2.