Market Report
Europe midday: Stoxx extends gains on upbeat earnings; Burberry soars
European markets rallied on Thursday as investors digested US inflation data and a raft of upbeat corporate earnings.
Europe open: Stoxx up as investors mull US rate cut hopes
European markets rallied on Thursday as investors digested US inflation data and a raft of corporate earnings.
TT Electronics to make further job cuts, revenues down YOY
Electronic components manufacturer TT Electronics said on Thursday that it has been forced to make further job cuts in an effort to mitigate the impact of "substantial market changes".
ShoreCap downgrades Capita, cites impact of NICs changes
Shore Capital downgraded its stance on Capita on Thursday to ‘hold’ from ‘buy’ ahead of detailed guidance on the potential negative impact from changes to National Insurance contributions announced in last month’s Budget.
Data centre surge drives growth for Siemens
Siemens reported significant gains in the past year on Thursday, driven by robust demand in energy and electrification sectors, despite ongoing challenges in its business divisions.
Asia report: Most markets fall after US inflation report
Asia-Pacific markets mostly declined on Thursday following a US inflation report overnight that reinforced expectations of a Federal Reserve rate cut in December.
Kier YTD trading in line with expectations
Construction firm Kier Group said on Thursday that it had made a good start to the new trading year and expects its overall performance to be second-half weighted.
Keller on track for full year but Europe markets weak
Keller said on Thursday that it remained on track to deliver a full-year performance in line with expectations as it announced the appointment of a new chairman, but shares in the geotechnical specialist contractor slumped as it pointed to weak activity levels in Europe.
Young’s says NI, minimum wage changes to add £11m in annual costs
Pub chain Young’s said on Thursday that changes to national insurance contributions and minimum wage announced in last month’s Budget would add around £11m in annual costs from next April.
Petershill partially sells Accel-KKR stake for $282m
Petershill Partners announced the partial sale of its stake in Accel-KKR (AKKR) on Thursday, generating a nominal consideration of $282m.
Great Portland Estates flags fall in half-year earnings
Great Portland Estates reported a fall in earnings per share in an update on Thursday, despite progress in strategic acquisitions and resilient leasing performance.
Just Group completes largest defined benefit de-risking transaction to date
Retirement products business Just Group said on Thursday that it has completed its largest defined benefit de-risking transaction to date.
London open: Stocks flat ahead of US PPI; Burberry surges
London stocks were steady in early trade on Thursday as investors sifted through a raft of corporate news and looked ahead to another US inflation reading.
3i Group delivers 'good financial performance' during H1
Private equity and venture capital firm 3i Group said on Thursday that it had delivered a "good financial performance" for the six months ended 30 September.
GSK's Blenrep shows strong survival benefit in myeloma study
GSK reported positive results from its phase three ‘DREAMM-7’ trial on Thursday, highlighting a significant overall survival benefit for ‘Blenrep’, or belantamab mafodotin, in patients with relapsed or refractory multiple myeloma.
WH Smith hails strong UK travel performance as FY profits rise
WH Smith reported a jump in full-year profit and revenue on Thursday as it hailed a particularly strong performance from the UK travel business and over the summer.
Burberry launches strategic review, Spirax maintains full-year outlook
London open The FTSE 100 is expected to open two points lower on Thursday, having closed down 0. 06% on Wednesday at 8,030. 33.
London pre-open: Stocks to edge down; US PPI in focus
London stocks were set to edge lower at the open on Thursday as investors eyed a slew of corporate releases and another US inflation reading.
Thursday newspaper round-up: Homebase, P&O Ferries, Boohoo
The struggling DIY chain Homebase has collapsed into administration, leaving thousands of workers facing an uncertain future, despite the purchase of the bulk of its stores by the owner of The Range homeware retailer. Gavin Park, Gavin Maher and Adele Macleod from the financial advisory firm Teneo were appointed as joint administrators of Homebase’s owners, HHGL Limited and Hampden Group Limited. – Guardian.