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London markets ended Thursday in positive territory, with sentiment buoyed by robust corporate updates, as investors digested the latest producer price data out of the United States.
European stocks jumped more than 1% on Thursday as a wave of corporate updates impressed the market, helping the Stoxx 600 to rebound from a three-month low.
Shares in Petro Matad were sliding on Thursday, after the company updated the market on operations on its Heron-1 production and Heron-2 well testing in eastern Mongolia’s Block XX.
General Mills said on Thursday that it has agreed to buy Whitebridge Pet Brands’ North American premium cat feeding and pet treating business for $1. 45bn.
The European Union has imposed a €797. 72m fine on Facebook’s parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.
Wellhead engineering specialist Plexus Holdings announced a new order on Thursday, to supply its ‘Exact’ exploration wellhead equipment on a rental basis for an offshore gas exploration project in the Middle East.
PetroTal reported a strong set of financial and operational results for the third quarter on Thursday, with production and sales of 15,203 barrels of oil per day and 14,760 daily barrels, respectively.
Amaroq Minerals reported strong third-quarter progress in its Greenland gold and strategic minerals projects on Thursday, with liquidity of $26m bolstered by cash balances, credit facilities, and reduced trade payables.
Syncona announced the launch of Slingshot Therapeutics, a new portfolio company and accelerator dedicated to developing early-stage life science programs sourced from academia, on Thursday.
London stocks had popped higher by midday on Thursday, helped along by well-received updates from the likes of Aviva and Spirax, but gains were muted as investors eyed another US inflation reading.
Lexington Gold announced an agreement with Gold One Africa on Thursday, to explore potential cooperation on gold exploration and development projects in South Africa.
