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UK middle class households struggling to maintain economic status
Middle-class households around the world, but also in the UK, are struggling to maintain their economic status and lifestyles as stagnating incomes fail to keep up with the rising cost of housing and education, warned the Organisation for Economic Cooperation and Development in their latest report.
HSBC cuts back on Ocado, downgrades to 'reduce'
Analysts at HSBC bumped up their target price for shares of Ocado even as they downgraded their recommendation for them, arguing that the company's pivot to a technology provider had only shifted the risk of the Home Delivery model floundering onto the shoulders of its customers.
Christie Group profit boosted by international operations
Christie Group posted a rise in full-year profit and revenue on Thursday as it hailed "significant improvements" in its international operations.
Julian Assange arrested at Ecuadorian embassy in London
WikiLeaks founder Julian Assange was arrested at the Ecuadorian embassy in London on Thursday.
Government to allow Times and Sunday Times resource pooling
UK culture secretary Jeremy Wright said on Thursday that he will allow The Times and The Sunday Times to pool their journalistic resources on the condition that its owners clarify their governance structure.
Rosslyn Data taps Ash Mehta for CFO role
Data analytics outfit Rosslyn Data Technologies appointed Ash Mehta as its chief financial officer on Thursday.
Corero Network Security narrows loss as SmartWall sales leap
Corero Network Security on Thursday reported a narrowed annual loss after an improvement in revenue driven by sales of its SmartWall technology.
Europe midday: Stocks push higher on US-China trade talk news
Stocks on the Continent are moving decisively higher come midday, helped by reports of further progress in US-China trade talks.
US pre-open: Stocks to nudge higher amid signs of Sino-US progress
US stock futures pointed to a marginally firmer open on Wall Street on Thursday as investors digested the latest news on Sino-US relations and looked to the start of the first-quarter earnings season.
Tern pours more money into growing Device Authority
Internet of things investment company Tern announced on Thursday that, together with its co-investors, it has committed a further convertible secured loan to its portfolio company Device Authority, which specialises in internet of things security.
Dev Clever gets approval to launch first cross-platform VR experience
Immersive and mobile experience developer Dev Clever Holdings announced on Thursday that its cross-platform, core virtual reality (VR) multi user framework had been successfully approved to deploy its first live interactive experience across multiple platforms, including Google Play, Google Daydream, Oculus Store, Samsung Gear VR and the Apple App Store.
London midday: FTSE pares losses as travel stocks, housebuilders gain on Brexit delay
London stocks had pared losses by midday on Thursday, with travel shares and housebuilders lending support as investors mulled the consequences of a Brexit extension to the end of October.
Asia report: Markets mixed as Chinese inflation creeps up
Markets in Asia finished in a mixed state on Thursday, as investors watched Britain delay its proposed exit from the European Union yet again, this time to the end of October.
Toople shares plunge as board speaks of growth
Shares in bespoke business telecoms provider Toople were in the red on Thursday, after it updated the market on its trading ahead of its interim results.
Faron Pharmaceuticals upbeat on latest info from MATINS trial
Clinical stage biopharmaceutical company Faron Pharmaceuticals announced on Thursday that the cohort expansion part of its phase 1 and 2 ‘MATINS’ clinical trial, investigating the safety and efficacy of its wholly-owned novel precision cancer immunotherapy ‘Clevegen’, would begin with patients suffering from late-stage colorectal cancer as soon as the optimal dosing was determined.
Ofgem to bring in tougher supplier tests after string of energy firm failures
Companies applying for a licence to supply energy will need to undergo stricter tests from June, it was revealed on Thursday, as Ofgem attempted to address the string of energy supplier failures in recent years.
Goldman Sachs downgrades Glencore, upgrades Kaz Minerals
Goldman Sachs downgraded its stance on Glencore shares on Thursday but upped its view on Kaz Minerals as it took a look at the European metals and mining sector, arguing that miners are well positioned as Chinese activity picks up.
Starbucks to launch £1m fund to boost paper cup recycling
Starbucks and environmental charity Hubbub have launched on Thursday a £1m fund to help improve paper cup recycling facilities across the UK.
EasyHotel outperforms UK hotel market in first half
Budget accommodations outfit EasyHotel continued to outperform the hotel market in the UK over the six months ending on 31 March despite the ongoing political and economic uncertainty.