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Sector movers: Building materials in the red, but 'offers opportunities'
Construction & materials was one of the main weights on the main London stock indices on Thursday.
Serinus Energy blames contractor and Transgaz for Romania delays
Serinus Energy updated the market on its operations on Thursday, reporting that the Moftinu gas plant in Romania was now completed and able to operate at pressure with sustained production, but was waiting for the installation of the ‘Low Temperature Separation’ (LTS) unit and the triethylene glycol (TEG) unit, as previously announced.
Earnings and revenue head south at Peel Hotels
Peel Hotels issued its interim results for the 28 weeks ended 12 August on Thursday, reporting a 6. 4% decrease in sales to £8. 1m, and a 63. 4% fall in operating profit to £0. 22m.
Character Group secures post-Brexit channels through Denmark investment
Character Group announced on Thursday that it has agreed terms to acquire a 55% equity shareholding in OVG-PROXY, a Denmark-incorporated toy distributor based in Copenhagen.
Europe midday: Stocks higher as investors focus on corporate results
Stocks on the Continent are trading mostly higher, with investors brushing off a sharp drop overnight in Chinese stocks following the release of a 'hawkish' set of US central bank meeting minutes.
Barclays cuts price target for Mediclinic after 'disappointing' trading update
Barclays has called Mediclinic International’s latest trading statement disappointing, and has cut its price target on the stock.
Reneuron's stem cell technology could produce cancer-combating cells
New data from a study by Reneuron has encouraged the company that its stem cell technology could be adapted to specifically attack cancerous cells.
US initial unemployment claims hold near record low
US jobless claims dipped last week, holding near their record lows.
Versarien enters collaboration to develop oil and gas industry products
Versarien on Thursday signed a collaboration agreement with Advanced Insulation, a supplier of fire retardant coatings, sub-sea insulation materials and buoyancy products.
Philly Fed index dips less than expected in October
Manufacturing conditions in the Philadelphia region deteriorated less than expected in October, according to a survey released on Thursday.
Gatwick Airport unveils plans for a second runway
Gatwick Airport has unveiled “ambitious” expansion plans, including converting its emergency runway into a second runway, as it seeks to dramatically increase capacity.
US could force UK to discard post-Brexit trade deal with China
The UK could be forced to choose between the United States and China when striking trade deals after Brexit, according to reports.
Zytronic's revenue growth offset by narrowing margins
Zytronic's revenues improved during the second half of its trading year, but the increased level of business meant that new designs and production techniques squeezed margins more than expected.
Macquarie upgrades OneSavings Bank, cites undervalued growth
OneSavings Bank got a boost on Thursday as Macquarie lifted the stock to ‘outperform’ from ‘neutral’ and upped the price target by 9% to 464p.
Asia report: Most markets lower after Fed minutes release
Markets in Asia finished mostly lower on Thursday, as investors spent much of the session digesting the latest Federal Reserve minutes out of the US overnight, which flagged further rate hikes in the land of the free.
Live Company plans UK Lego-building tour
Live Company's newly acquired Lego brick building company, Bright Bricks, will contribute new displays to the Bricklive tour across the UK over the winter.
BoA Merrill Lynch starts Boohoo at 'buy', notes three pillars of success
Bank of America Merrill Lynch initiated coverage of fast fashion retailer Boohoo with a ‘buy’ rating and 280p price target on Thursday.
UK mulls 'new idea' to extend Brexit transition period
Theresa May said she is open to negotiating a longer Brexit transition period to allow more time to agree to a solution with the EU about the Irish border, with a feared potential cost of £12bn to £15bn.
US pre-open: Stocks seen lower as Fed minutes digested
US stocks pointed to a slightly lower open on Wall Street on Thursday as investors continued to digest the latest minutes from the Federal Reserve.
Powerhouse Energy seeks out additional commercial opportunities
AIM-listed waste-to-plastic business Powerhouse Energy told investors on Thursday that it had been hard at work seeking out additional opportunities for its technology.