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US close: Stocks extend gains following Fed interest rate decision
Wall Street stocks closed higher on Thursday after the Federal Reserve Bank enacted its second 0. 75 percentage point interest rate hike overnight as part of an effort to ease rampant inflation without bringing about a recession.
Broker tips: JD Wetherspoon, Mycelx Technologies, Lloyds
Analysts at Berenberg slashed their target price on pub chain JD Wetherspoon from 1,050. 0p to 580. 0p on Thursday, stating it was now "hard to predict management decisions".
US open: Stocks head south following Fed decision, earnings
Wall Street stocks were in the red early on Thursday after the Federal Reserve Bank enacted its second 0. 75 percentage point interest rate hike overnight as part of an effort to ease rampant inflation without bringing about a recession.
US initial jobless claims decline by 5,000
Americans filed first-time unemployment claims at a slightly slower pace in the week ended 23 July, dropping by 5,000 to 265,000, according to the Department of Labor - short of expectations for a drop to 253,000.
Canaccord initiates coverage on MyCelX at 'speculative buy'
Analysts at Canaccord Genuity initiated coverage on water treatment systems developer Mycelx Technologies with a 95. 0p target price and 'speculative buy' rating on Thursday, pointing to opportunities in PFAS and the importance of the Middle East and North Africa market.
Berenberg slashes target price on JD Wetherspoon
Analysts at Berenberg slashed their target price on pub chain JD Wetherspoon from 1,050. 0p to 580. 0p on Thursday, stating it was now "hard to predict management decisions".
US pre-open: Futures in the red following Fed interest rate decision
Wall Street futures were in the red ahead of the bell on Thursday after the Federal Reserve Bank decided to hike interest rates by 0. 75 points overnight.
Virgin Wines UK revenues fall as Covid-19 restrictions ease
Online wine retailer Virgin Wines UK said revenues and underlying earnings had contracted year-on-year after the lifting of Covid-19 restrictions across Britain.
Babcock returns to profit in H1
Aerospace, defence, and nuclear engineering services firm Babcock said it had returned to a first-half operating profit despite "geopolitical volatility" and a "challenging" economic environment.
Greencoat UK Wind investments generate 2,175-gigawatt hours in H1
Renewable infrastructure fund Greencoat UK Wind said on Thursday that its investments had generated 2,175-gigawatt hours of renewable energy in the six months ended 30 June, generating £328. 8m in net cash for the group.
Weir Group H1 revenues grow amid record aftermarket orders
Engineering company Weir Group said on Thursday that revenues had grown in the six months ended 30 June on the back of record aftermarket orders and strong execution.
Hammerson H1 revenues surge
Property development and investment firm Hammerson said on Thursday that it had continued to make "good strategic, financial and operational progress" in the first half.
National Express revenues hit ten-year high in H1
Public transport operator National Express said on Thursday that revenues and earnings had improved over the six months ended 30 June, driven by continued momentum across the business in Q2.
Diversified Energy to acquire upstream assets and facilities in Oklahoma and Texas
Independent energy group Diversified Energy has entered into a sale and purchase agreement to acquire certain upstream assets and related facilities located within its central region in Oklahoma and Texas from ConocoPhillips.
Paragon Banking names Robert East as chairman designate
Lender Paragon Banking Group named Robert East as its chairman designate on Thursday, succeeding Fiona Clutterbuck on 1 September.
Airtel Africa revenues up double digits in Q1
Telecommunications group Airtel Africa said on Thursday that first-quarter revenues had grown by double digits amid margin and earnings progression and a further strengthening of its balance sheet.
Ocado names Mark Richardson as CEO of new business unit
Grocery technology business Ocado revealed on Thursday that chief operating officer Mark Richardson had been tapped to take over as chief executive of a new business unit aimed at extending Ocado's product offering into new market sectors.
Aveva ARR rises 11%, Q1 group revenues flat
Information technology consulting company Aveva said on Thursday that annualised recurring revenues had risen 11% in the twelve months ended 30 June, principally due to growth in the annualised value of subscription and cloud contracts.
Barclays pre-tax profits fall, Centrica adjusted earnings surge
London pre-open The FTSE 100 was being called to open 48. 5 points firmer ahead of the bell on Thursday after closing 0. 57% higher in the previous session at 7,348. 23.
Centrica delivers 'strong' H1 operational performance, adjusted earnings surge
Electric services company Centrica said on Thursday that it had delivered a "strong" operational performance in the six months ended 30 June, with adjusted earnings surging against a backdrop of "high and volatile" commodity prices.