Market Pulse
Broker tips: Plus500, Quilter
Analysts at Canaccord Genuity downgraded capital markets business Plus500 from 'speculative buy' to 'hold' on Thursday but hiked their target price on the stock from 1,883. 0p to 2,650. 0p ahead of the group's Q3 trading update on 28 October.
London close: Stocks make gains as ECB cuts rates
London stocks ended higher on Thursday, buoyed by strong gains in Rentokil and Entain, as investors digested the European Central Bank's rate cut and a wave of economic data from the US.
Director dealings: Restore CFO raises stake
Restore revealed on Thursday that chief financial officer Dan Baker had acquired 25,000 ordinary shares in the AIM-listed information management firm.
Berenberg slightly raises target price on Quilter
Analysts at Berenberg slightly raised their target price on wealth management firm Quilter from 135. 0p to 140. 0p on Thursday, stating Q3 had been "a stellar quarter" for flows.
FTSE 100 movers: Rentokil surges on update; Mondi slumps
London’s FTSE 100 was up 0. 6% at 8,381. 38 in afternoon trade on Thursday.
US open: Stocks higher as traders digest data points
Wall Street trading got off to a positive start on Thursday as market participants digested a fresh batch of economic data.
Ovo poaches Monzo finance chief amid sale talks - report
Household energy supplier Ovo has reportedly poached a senior executive from digital bank Monzo as it explores options that could lead to a change of ownership.
GB Group flags strong first-half performance
Identity fraud and location software specialist GB Group flagged strong first-half financial results on Thursday, with revenue reaching £137m, a 4. 5% increase on a constant currency basis over the year.
Nexxen to seek authorisation for new $50m share buyback
Nexxen International, a global advertising technology platform, announced its intention to seek authorisation for a new $50m share repurchase programme on Thursday.
FRP Advisory acquires London-based Globalview Advisors
FRP Advisory Group announced the acquisition of Globalview Advisors on Thursday, for total consideration of £5. 5m.
Empiric Student Property raises £56.1m to fund acquisitions, refurbishments
Empiric Student Property has successfully raised £56. 1m, it announced on Thursday, to help it fund acquisitions and refurbishments.
Capital maintains guidance despite operational setbacks
Mining services company Capital Limited reported a 17. 6% improvement in third-quarter revenue year-on-year on Thursday, to $93. 7m, although it flagged a number of operational setbacks.
Philly Fed manufacturing index surges to 10.3 in October
The Philadelphia Federal Reserve's manufacturing index surged to 10. 3 in October, a marked increase when compared to the previous month's reading of 1. 7 and significantly ahead of expectations for a print of 3.
US retail sales rise more than expected in September
US retail sales rose more than expected in September, according to fresh data released on Thursday, driven by a broad-based increase across several sectors.
Turkish central bank holds rates at 50%
Turkey’s central bank said on Thursday that it was keeping interest rates steady at 50%, as widely expected.
Augmentum Fintech portfolio firm Farewill to be acquired by Dignity
Augmentum Fintech responded to the proposed acquisition of its portfolio company Farewill by Dignity on Thursday.
US initial jobless claims fall from 14-month high
Americans lined up for unemployment benefits at a decelerated pace in the week ended 12 October, according to the Labor Department, down from a 14-month high in the previous week.
Kenmare flags mixed third quarter, reports public fatality
Titanium and zircon minerals producer Kenmare Resources reported a mixed third quarter in an update on Thursday, alongside a fatal accident involving a member of the public.
ECB cuts rates to 3.25%, as expected
The European Central Bank cut interest rates on Thursday for the third time this year, as expected.
US pre-open: Futures higher as investors await fresh batch of economic data
Wall Street futures were pointing to a positive start to trading ahead of the bell on Thursday as market participants awaited a fresh batch of economic data.