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FTSE 250 movers: Royal Mail slumps; Crest Nicholson lifted by upgrade
London’s FTSE 250 was down 0. 3% at 17,098. 38 in afternoon trade on Thursday.
FTSE 100 movers: LSE gains as it names new CFO; Rigntmove hit by downgrade
London’s FTSE 100 was up 0. 1% at 6,129. 49 in afternoon trade on Thursday.
German payments processor Wirecard files for insolvency
German payments processor Wirecard said on Thursday that it was filing an application with the district court of Munich to open insolvency proceedings after announcing a €1. 9bn hole in its accounts last week.
London midday: Stocks pare losses; Royal Mail slides after job cuts announcement
London stocks had pared losses by midday on Thursday but remained just a touch lower amid growing concerns about a rise in new coronavirus infections in the US.
US pre-open: Stocks to edge lower amid Covid-19 concerns
US futures pointed to a slightly weaker open on Wall Street on Thursday amid ongoing concerns about a rise in new coronavirus infections.
Jefferies downgrades InterContinental Hotels to 'hold'
Jefferies downgraded its stance on shares of InterContinental Hotels to ‘hold’ from ‘buy’ on Thursday and cut the price target to 4,100p from 4,400p as it took a look at the hotels sector.
Capita H1 revenue set to decline 10%
Capita warned on Thursday that first-half revenue will be around 10% lower than last year, partly due to the Covid-19 pandemic.
Rightmove valuation does not reflect risks, says Berenberg
Berenberg downgraded its rating on shares of property portal Rightmove to ‘sell’ from ‘hold’ on Thursday and cut the price target to 385p from 400p as it argued that the current valuation does not reflect the risks.
N Brown full-year profits fall amid restructuring
Ladies fashion retailer N Brown posted a drop in annual profit and revenue on Thursday following a year of restructuring, but said trading has started to improve following the significant deterioration seen in March as the Covid-19 lockdown was imposed.
London open: Stocks fall again amid worries about surge in US Covid cases
London stocks fell again in early trade on Thursday following heavy losses in the previous session, amid growing concerns about a rise in new coronavirus infections in the US.
LSE poaches Johnson Matthey CFO Anna Manz
The London Stock Exchange has appointed Anna Manz - currently chief financial officer of Johnson Matthey - as its new CFO with effect from 21 November.
London pre-open: Stocks set for more losses amid second wave fears
London stocks were set to edge lower on Thursday following heavy losses in the previous session, amid growing concerns about a rise in new coronavirus infections in the US.
Thursday newspaper round-up: Wage subsidies, Tata Steel, Quiz
Labour has warned Rishi Sunak that the Treasury’s one-size-fits-all approach to ending wage subsidies risks a period of mass unemployment that will reverse much of the good done by the furlough. Writing for the Guardian, the shadow chancellor, Anneliese Dodds, called on Sunak to use his planned summer statement next month to extend financial support to vulnerable sectors beyond the October deadline for winding up the scheme. - Guardian.