Market Report
FTSE 100 movers: Burberry boosted by upgrade; Glencore loses ground
London's FTSE 100 was flat at 7,606. 41 in afternoon trade on Thursday amid quiet markets, with the US closed for Independence Day.
Arc Minerals consultants 'fully endorse' exploration strategy
Arc Minerals reported on Thursday that a detailed review by its technical consultants, African Mining Consultants and Douglas Haynes Discovery, has “fully endorsed” its exploration strategy, as well as identified a large new target called West Lunga in the western part of its licences in Zambia.
WPP buys majority stake in Italian creative agency
Advertising giant WPP has bought a majority stake in Italian technology-driven creative agency, AQuest.
Barclays takes a fresh look at Vodafone following 'disappointing' results
Analysts at Barclays kept their 'overweight' rating on Vodafone unchanged on Thursday after taking a "fresh look" at the British telco group following its "disappointing" full-year results and dividend cut.
ShoreCap reiterates 'buy' on ABF, highlights push into US
ShoreCap reiterated its 'buy' stance on shares of Associated British Foods on Thursday after the company reiterated guidance for full-year earnings per share to be in line with that of a year ago, highlighting its returns on capital and ability to throw off cash and arguing that its push into the US was not reflected in the share price.
Competition watchdog launches legal action against Viagogo
The Competition and Markets Authority has started legal proceedings against Viagogo after it accused the secondary ticketing site of contempt of court.
Fox Marble inks 10,000 tonne sale agreement with Chinese customer
Fox Marble on Thursday entered into a new sales agreement for a minimum of 10,000 tonnes of Illirico Selene marble over the next year with a customer based in China.
UK car registrations fall for fourth consecutive month
Data released on Thursday showed that total new car sales have declined for the fourth month in a row in June, while alternatively fuelled vehicle demand dropped for the first time in 26 months.
Asia report: Markets finish mixed as US data disappoints
Markets in Asia finished in a mixed state on Thursday, as investors digested some disappointing data from the US, raising the prospect that the Federal Reserve could cut interest rates at its July policy meeting.
C&C Group seeking FTSE listing as it hails 'transformational' year
Drinks maker C&C Group on Thursday reiterated its target to deliver double-digit earnings per share growth in 2020 as it announced plans to seek inclusion in the FTSE UK Index Series.
William Hill to close 700 betting shops; 4,500 jobs at risk
William Hill has confirmed plans to close 700 betting shops, putting 4,500 jobs at risk.
Dixons Carphone said to be cutting 141 jobs
Dixons Carphone is reportedly planning to axe more than 100 jobs across its central functions.
Europe midday: Stocks track gains on Wall Street, trade and geopolitics in focus
Stocks on the Continent are trading slightly higher on the back of the record highs reached by Wall Street's main market gauges on the day before, but with US markets closed on Thursday in observance of the 4 July holiday, many traders were in fact absent from their desks.
London midday: Stocks remain subdued in quiet trade; Burberry bounces higher on upgrade
London stocks had nudged a touch higher by midday, but trade was quiet and expected to remain that way as US markets will be closed for Independence Day.
US must remove tariffs for trade deal to happen, Chinese official says
Washington will have to remove its existing tariffs if it wants to close a trade deal with Beijing, a top Chinese official said.
SkinBioTherapeutics shuffles leadership as it drives towards commercialisation
Skin health-focussed life sciences company SkinBioTherapeutics updated the market on its operations and announced some changes to its board and executive team on Thursday.
Predator upbeat on recent developments in Trinidad
Jersey-based Predator Oil & Gas Holdings updated the market on its progress onshore Trinidad on Thursday, reporting that the Environmental Management Authority (EMA) has issued a Certificate of Environmental Clearance (CEC) to Fram Exploration Trinidad.
Distil sales dry up in first quarter
Red Leg Spiced Rum maker Distil saw shares slide in early trading after revealing that first-quarter sales had fallen year-on-year.
Subdued domestic demand sees Eurozone retail sales slide
Retail sales eased across the Eurozone in May as consumers tightened their belts, official data showed on Thursday.
Seeing Machines makes several leadership changes as part of 'reset'
Computer vision technology company Seeing Machines announced a number of leadership changes on Thursday, confirming that its current fleet general manager and interim chief executive officer Paul McGlone has been appointed CEO on a permanent basis, with immediate effect.