Market Report
US close: Markets stabilise after dramatic sell-off
US stocks gave up earlier gains to finish flat on Thursday, pausing after a huge sell-off the previous session, as investors continued to digest hawkish comments from the Federal Reserve and a barrage of economic data.
Director dealings: Abrdn CEO snaps up shares
Abrdn revealed on Thursday that chief executive Jason Windsor had acquired 357,635 ordinary shares in the FTSE 250-listed investment firm.
MicroSalt files US patent application for new formulation
MicroSalt announced the filing of a new patent application with the United States Patent and Trademark Office on Thursday, for a new method to create granulated salt from powdered formulations.
Europe close: Stocks hit three-week low after FOMC meeting
European stocks dropped to a three-week low on Thursday as hawkish comments from the Federal Reserve encouraged investors to take profits with global markets trading at or close to record highs.
London close: Stocks slip as BoE holds rates steady
London stocks closed sharply lower on Thursday, as investors digested a slew of central bank decisions across the globe.
US open: Stocks higher following yesterday's Fed-fuelled sell-off
Major indices were in the green early on Thursday as major indices looked set to shrug off comments from Federal Reserve chairman Jerome Powell that led to a major sell-off in the previous session.
FTSE 250 movers: Serco rallies on update; US-exposed stocks hit by hawkish Fed
FTSE 250 (MCX) 20,368. 09 -1. 14% .
FTSE 100 movers: Water companies rally; ICG in the red
London’s FTSE 100 was down 1. 3% at 8,089. 42 in afternoon trade on Thursday.
Jefferies lifts ICG price target
Jefferies lifted its price target on Intermediate Capital Group on Thursday to 2,700p from 2,300p.
US initial jobless claims fall by 22,000
Americans lined up for unemployment benefits at a decelerated pace in the week ended 14 December, according to the Labor Department.
Sabien Technology project approved by City of Phoenix
Sabien Technology Group announced significant progress on its waste plastics-to-oil initiative in the United States on Thursday, following the approval of its project by the City of Phoenix Council on 18 December.
US pre-open: Futures higher following yesterday's heavy losses
Wall Street futures were in the green ahead of the bell on Thursday after comments from Federal Reserve chairman Jerome Powell led to a major sell-off in the previous session.
Synergia reports progress with Cambay workover programme
Synergia Energy updated the market on its workover activities at the Cambay PSC in India on Thursday, where it holds a 50% working interest.
Bestway launching CVA amid off-licence lease challenges
Bestway Group, one of the UK’s largest privately owned companies, is initiating a company voluntary arrangement (CVA) to address challenges in its Bargain Booze and Wine Rack retail operations, it was reported on Thursday.
Europe open: Shares plunge after Powell's hawkish rate comments
European shares fell sharply at the open after the US Federal Reserve cut rates on Thursday but signalled a more cautious path for policy moves next year.
Europe midday: Shares hit by hawkish Fed; Sweden cuts rates
European shares fell sharply at the open after the US Federal Reserve cut rates on Thursday but signalled a more cautious path for policy moves next year, while traders also digested a rate reduction by Sweden and holds by Japan, the UK and Norway.
New Property Franchise Group CFO to start in January
Multi-brand property franchisor the Property Franchise Group announced on Thursday that, after a transition period, Ben Dodds was being fully appointed as its chief financial officer, effective 2 January.
London midday: Stocks remain sharply lower as BoE stands pat, as expected
London stocks were still firmly in the red just after midday on Thursday as the Bank of England stood pat on interest rates, having opened sharply lower as a hawkish outlook from the Federal Reserve hit sentiment.
Serabi Gold commissions Coringa classification plant
Brazil-focused gold mining and development company Serabi Gold announced the full commissioning of the classification plant at its Coringa Gold Operation in Brazil’s Pará State on Thursday.
FD Technologies proposes £120m tender offer to shareholders
FD Technologies confirmed plans to return up to £120m to shareholders on Thursday, through a tender offer following the disposal of its First Derivative business to EPAM Systems.