Full List Of Stories
London close: Markets close higher as BoE slashes interest rates
London’s benchmark was back into the green by the close on Thursday, after the Bank of England cut interest rates to 0. 1% - the lowest level in history - from 0. 25%, as it looked to limit the economic fallout from the coronavirus pandemic.
Safestyle readies for coronavirus impact after turnaround year
Window and door manufacturer Safestyle reported an 8. 4% improvement in revenue in its final results on Thursday, to £126. 2m.
Inland Homes confident in face of Covid-19 pandemic
Inland Homes updated the market on its current trading on Thursday, confirming that it currently remained in line with the board's expectations.
Highland pours first gold at Kekura
Highland Gold Mining announced the first gold pour at its premier development project Kekura on Thursday, which occurred on 10 March.
Mnuchin keen to seen $1,000 paid to each American adult
The prospect of direct payments to Americans was made clearer on Thursday, with US Treasury Secretary Steven Mnuchin saying he was in support of payments of $1,000 per adult and $500 per child in the next three weeks, if Congress backed it.
Prudential expands partnership with Thailand's TMB Bank
Prudential announced on Thursday that its Thailand subsidiary was entering into a strategic bancassurance partnership with TMB Bank, with an initial term of 15 years, to provide its suite of health and wealth solutions to TMB's “large and growing” customer base.
AstraZeneca's Lynparza gets new orphan designation in Japan
AstraZeneca announced on Thursday that Lynparza, or ‘olaparib’, has been granted orphan drug designation in Japan for the maintenance treatment of germline BRCA-mutated (gBRCAm) curatively unresectable pancreatic cancer.
Asia report: Most markets fall, Kospi triggers circuit breaker
Markets in Asia finished mostly lower on Thursday, with Korea’s benchmark leading the losses, as Australia’s central bank slashed interest rates as part of its response to the Covid-19 coronavirus pandemic.
Second half turnaround leaves Sanne in 'strong' position
Sanne reported “strong” revenue momentum in its final results on Thursday, with 16. 2% revenue growth in continuing operations, of which organic growth was 13. 5%.
Supporting existing portfolio a focus for 3i Group
Private equity and venture capital company 3i Group said on Thursday that, since publishing its performance update for the nine months ended 31 December on 30 January, the global impact of the Covid-19 coronavirus pandemic on public health, business, financial markets, and government responses had developed rapidly.
PZ Cussons brings in Jonathan Myers as new CEO
PZ Cussons announced on Thursday that Jonathan Myers would join the board as chief executive officer, with effect from 1 May.
Polymetal to pour $20m into ThreeArc Mining
Polymetal has entered into a legally binding agreement to invest $20m in exchange for a 9. 1% stake in ThreeArc Mining , it announced on Thursday, which owns 100% of the Tomtor niobium and rare-earth metals project.
PPHE to reduce hotel capacity, cancel dividend
PPHE Hotel Group announced “exceptional measures” to mitigate the effect on its business of the Covid-19 coronavirus pandemic on Thursday.
NewRiver suspends dividend, reassures shareholders on portfolio
NewRiver updated the market on the impact of the Covid-19 coronavirus pandemic on its business on Thursday, saying its focus was on managing cash resources “very carefully” and maintaining liquidity.
Playtech suspends buyback and dividend as sports betting crumbles
Gambling software company Playtech updated the market on the impact of the Covid-19 coronavirus pandemic on Thursday morning, explaining that given the “uncertainty and rapidly changing nature” of the situation, it was working to protect its cash flow by proactively managing its capital expenditure and working capital, as well as identifying opportunities for cost savings that would not impact its long-term success.
Meggitt assures on finances as it leads ventilator consortium
Aerospace and defence engineering company Meggitt updated the market on its trading, and its financing and liquidity position on Thursday, reporting that in light of the Covid-19 coronavirus pandemic and its impact on the global economy and the aerospace sector, its focus in recent weeks had been on ensuring the safety of its employees and the continuity of our operating businesses worldwide.
Auto Trader to take revenue hit as it defers customer payments
Auto Trader Group issued an unscheduled update on Thursday morning, as a result of the Covid-19 coronavirus pandemic, saying that the UK car retail market was facing “unprecedented levels” of uncertainty.
Ocado revenue rises amid panic buying, Auto Trader to defer client payments
London open The FTSE 100 is expected to open flat on Thursday, having closed down 4. 05% at 5,080. 58 on Wednesday.