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FTSE 100 movers: Banks and insurers rally as US bond yields surge; ex-divs weigh
London's FTSE 100 was down 0. 9% to 7,440. 02 in afternoon trade on Thursday amid a surge in US Treasury yields, with ex-dividend stocks also weighing on the main index.
Danske Bank faces US DoJ probe over Estonia money laundering
Danske Bank is under investigation by the US Department of Justice over foreign accounts linked to the €200bn money-laundering scandal centred around the bank’s Estonian branch, while Swedbank provided more assurances on Thursday.
Asia report: Stocks yield as confidence in China eroded by trade war, rise in US rates
Markets fell across Asia in Thursday trading as JP Morgan lost confidence in Chinese stocks and rumours swirled that South Korea's central bank will up interest rates.
Marlowe buys Tersus Consultancy for £3.7m
AIM-listed support services group Marlowe has acquired testing and inspection services company Tersus Consultancy for an enterprise value of £3. 7m, in deal funded from existing cash resources.
Spire Healthcare targets too 'ambitious' for Jefferies, backs Mediclinic
Spire Healthcare's long-term private and NHS healthcare targets look rather too ambitious for Jefferies, which downgraded the UK-focused stock and highlighted the attractions of South African former suitor Mediclinic.
US jobless claims drop more than expected
The number of Americans filing for unemployment benefits fell more than expected last week, according to figures from the Labor Department.
Charles Taylor buys Chile-based loss adjuster for up to $14.5m
Charles Taylor has announced the acquisition of five companies from the FGR Group, a claims programme management and loss-adjusting business, for up to $14. 5m.
Washington plans show of military force to deter China
The US Navy’s Pacific fleet is planning a show of power in order to deter China from escalating its operations in areas such as the South China Sea.
Rathbone Brothers appoints Jennifer Mathias as group FD
Wealth manager Rathbone Brothers has appointed Jennifer Mathias as group finance director with effect from 1 April next year.
AB Dynamics expects revenues and profits to 'significantly exceed' market expectations
AB Dynamics told investors on Thursday that it had performed well through its last trading year, with the board now expecting both revenues and pre-tax profits to "significantly exceed" market expectations.
Intercede revenues grow throughout first-half
Cybersecurity specialist Intercede turned in first-half revenues hat were more than 10% higher than a year earlier on Thursday as orders from new and existing customers grew at the end of the period.
Quartix chief operating officer resigns
Vehicle tracking outfit Quartix told investors on Thursday chief operating officer Ed Ralph will be leaving the Company on 31 October.
Morses Club hikes interim dividend following solid growth in first half
Door-to-door lender Morses Club hiked its interim dividend 18. 2% on Thursday thanks to a solid growth in profits throughout the first half of its trading year.
Premaitha inks partnership agreement with mystery Taiwanese outfit
Molecular diagnostics outfit Premaitha has inked a new partnership agreement with an unnamed Taiwanese research organisation to deliver its next-generation sequencing testing in oncology.
Europe midday: Banks track gains in US bond yields, Italian deputy PM warns EU
Stocks on the Continent are paring their earlier losses helped by gains in banks on the back of Thursday's steepening in the US Treasury curve on the back of stronger-than-expected economic data in the States and a very positive assessment of the US economy from the head of the Federal Reserve.
US pre-open: Stocks to drop as bond yields surge
US stocks looked set for a downbeat session on Thursday as the prospect of faster interest rate hikes prompted a spike in Treasury yields.
US Long Bond slumps on positive economic data, remarks by Fed's Powell
The head of the US central bank sounded a very confident note on the outlook for the US economy on Wednesday evening, contributing to a sharp move higher in US government bond yields.
London midday: Stocks drop as US yields surge; Ted Baker slumps on results
London stocks had fallen further into the red by midday on Thursday as US Treasury yields spiked on the prospect of faster interest rate hikes, while a series of ex-dividends and a stronger pound also weighed on the index.
Botswana Diamonds concludes deal with fellow miner Vast, shares jump
Shares in Botswana Diamonds shone on Thursday after the Aim-listed explorer finalised a development deal with fellow miner Vast Resources.