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Petrofac to sell Mexican operations for up to $276m
Petrofac on Thursday agreed to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International for up to $276m.
US Navy confirm UFO footage is real
The US Navy has confirmed that footage of unidentified flying objects flying through the sky are the real thing.
Harvest Minerals gets approval for 'big bag' facility at Arapua
Fertiliser producer Harvest Minerals announced on Thursday that the Brazil Ministry of Agriculture (MAPA) has issued approval for its new ‘big bag’ handling and storage facility, located at the Arapua Project, where it produces multi-nutrient direct application natural remineraliser ‘KPFértil’.
Clear Leisure updates market on latest in Mediapolis litigation
Clear Leisure announced on Thursday that, following increasing legal pressure being put upon the receiver in charge of the Mediapolis bankruptcy and in order for Clear Leisure 2017 Ltd (CL2017) to obtain the proceeds due from the sale of the Mediapolis land, the auctioneer has now proposed to the Ivrea Court to allocate the total of €1. 94m to Fallimento Mediapolis Srl.
RBC Capital Markets downgrades Ferguson on short-term caution
RBC Capital Markets downgraded shares of plumbing merchant Ferguson to 'underperform' from 'sector perform' on Thursday, trimming the price target to 5,100p from 5,200p on short-term caution.
US Philly Fed index strong in September, but strength to soon be tested
Manufacturing sector activity in the US mid-Atlantic region remained stronger than expected in September, but that resilience was likely to soon be tested and should not be extrapolated to the remainder of the country, economists said.
Thursday broker round-up
Ferguson: RBC Capital Markets downgrades to underperform with a target price of 5,100p.
Jefferies ups Centrica to 'buy', downgrades United Utilities and Severn Trent
Jefferies upped its stance on Centrica shares on Thursday as it highlighted an attractive risk/reward in a broader note on utilities, in which it referred to the stock as a "value wildcard".
Charles Taylor agrees to £261m takeover
UK insurance services firm Charles Taylor agreed to a £261m takeover on Thursday, representing a 34% premium to the group's closing price on Wednesday.
Begbies Traynor reflects on a year of 'strong financial performance'
Financial and property services group Begbies Traynor's chairman Ric Traynor told investors at the company's annual general meeting on Thursday that the firm's last trading year had been "one of strong financial performance".
Tungsten turns in Q1 profit on improved revenues
Electronic invoicing specialist Tungsten swung to a profit in the first quarter of its trading year, driven by improved revenues and cost containment.
Petro Matad spuds Gazelle-1 exploration well ahead of schedule
Mongolian oil explorer Petro Matad said on Thursday that it had spudded its Gazelle-1 exploration well in the north of Block XX.
Crown estate holds $25bn offshore wind farm auction
The crown estate has opened for the first time in ten years a leasing round for offshore wind farms that is expected to be worth $25bn.
Europe midday: Markets climb after BoE and Fed rates announcements
European stocks were higher at lunchtime on Thursday, as investors digested the impact the Fed's latest rate cut and the Bank of England held its own rates steady.
City Pub to scale back expansion amid Brexit uncertainty
The City Pub Group posted a rise in interim profits on Thursday as it said it would scale back its expansion plans amid Brexit uncertainty.
Bilby swings to loss after cancelling P&R contracts
Shares in Bilby dropped on Thursday after it swung to an annual loss as revenue stumbled on the back of trading losses suffered by subsidiary company P&R.
Ryanair shareholders almost block O'Leary's €99m bonus
Ryanair investors launched a significant revolt on Thursday, almost blocking a pay report that granted chief executive Michael O'Leary a bonus that could be worth as much as €99m (£88m).
Sound Energy drops after poor exploration results and deepened loss
Shares in Sound Energy dropped on Thursday as the oil and gas explorer said a disappointing period had seen poor results from two exploration wells and a deepened interim loss.
US pre-open: Futures point to more losses following Fed rate cut
US futures were pointing to a weak open on Thursday as investors continued to react to the Federal Reserve's latest policy announcement.
London midday: Stocks maintain gains as BoE stands pat on rates
London stocks were holding on to gains by midday on Thursday as the Bank of England stood pat on interest rates.