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Jefferies downgraded shares of caterer Compass Group on Thursday to ‘hold’ from ‘buy’, noting stock has outperformed the Stoxx 600 by 20% plus during the recent rally on vaccine news.
London’s FTSE 100 was down 0. 7% at 6,337. 84 in afternoon trade on Thursday as investors took some profits after the recent rally.
Citi downgraded aerospace engineer Meggitt to ‘neutral’ from ‘buy’ on Thursday after the share priced surged this week on the back of positive news about a Covid-19 vaccine being developed by Pfizer and BioNTech.
Molten metal flow engineering company Vesuvius said on Thursday that trading profit for 2020 is set to be broadly in line with market expectations and that demand in its end markets has improved.
Barclays downgraded specialty chemicals company Croda International to ‘underweight’ from ‘equalweight’ on Thursday as it said the positive reaction to news it will supply excipients to Pfizer’s Covid-19 vaccine candidate "looks overdone".
London stocks were a little weaker by midday on Thursday as investors took some profits following eight consecutive days of gains, amid a raft of corporate news and the latest UK GDP reading.
Hill & Smith said on Thursday that full-year operating profit will be "slightly ahead" of the top end of the range of analyst forecasts, assuming end markets remain open.
Private hospital group Mediclinic reported a slump in first-half profits on Thursday as its South African division took a hit from the coronavirus pandemic.
London stocks fell in early trade on Thursday as investors took some profits following eight consecutive days of gains, amid a raft of corporate news and the latest UK GDP reading.
The UK economy grew by a record 15. 5% in the third quarter as lockdown measures were eased, but slowed in September, according to figures released on Thursday by the Office for National Statistics.
B&M European Value Retail announced a special dividend on Thursday as it posted a jump in first-half profit and revenue.
London stocks were set to fall at the open on Thursday as doubts creep in about how easy it will be to roll out a Covid-19 vaccine.
Britain is “sleepwalking into a debt crisis” after a steep rise in emergency borrowing by low- and middle-income households to cope with the Covid-19 jobs crisis. Research by the debt charity Stepchange found that household borrowing and arrears linked to the coronavirus pandemic have soared 66% since May to £10. 3bn. The number of people who are in severe debt has risen to 1. 2 million – nearly doubling since March – with a further 3 million people at risk of falling into arrears after taking on extra short-term loans.