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US open: Stocks trade higher despite dire jobless report
Wall Street trading began on a positive note on Thursday as oil prices rebounded and investors thumbed over a jobless claims report that came in ahead of even the dourest of expectations.
US pre-open: Futures point to early gains as oil prices bounce back
US futures were pointing to early gains on Thursday as oil prices rebounded and investors awaited the release of an all-important jobless claims report later in the day.
Hays raises £200m from cash call; Warns on profit, pulls dividend
Recruitment firm Hays said it had raised £200m from an emergency cash call to combat an expected hit to fee income due to the coronavirus pandemic.
Adept Technology pulls dividend, opts not to issue FY guidance
IT services provider Adept Technology posted a positive trading update for the year ended 31 March on Thursday but pulled its final dividend and opted not to provide guidance for the current year as a result of disruptions caused by the Covid-19 pandemic.
British Airways parent IAG pulls dividend due to Covid-19 outbreak
British Airways parent International Consolidated Airlines Group has scrapped its final dividend as it looks to weather the coronavirus pandemic.
Air passenger traffic falls at steepest rate since 9/11 in February
Air passenger numbers tumbled in February at the steepest rate since the terrorist attacks on the World Trade Centre in 2001, industry data showed on Thursday.
US foreign trade deficit narrows more sharply than expected due to China lockdown
America's shortfall in trade with the rest of the world narrowed sharply in February as Chinese exports slowed amid the impact from the Covid-19 pandemic.
Initial US jobless claims soar during latest week
US jobless claims surged even further last week as businesses rushed to shutter activity, surpassing even the most downbeat estimates.
Trump studying reduction of domestic US air travel
US President Donald Trump said he was considering restricting domestic US air travel in attempts to curb the spread of the coronavirus.
Galantas Gold to consolidate shares as processing slows
Galantas Gold Corporation announced on Thursday that, as of market open on 9 April, it will complete the consolidation of its common shares on the basis of one post‐consolidated share for every 10 pre‐consolidated shares held.
Berenberg cuts price target on AJ Bell
Analysts at Berenberg lowered their price target on online stockbroker AJ Bell from 280. 0p to 230. 0p on Thursday, stating the group faced more acute revenue pressure in the current environment than its UK small-to-mid cap platform peers.
Burford Capital looks to benefit from economic fallout of Covid-19
Burford Capital said the widespread economic upheaval caused by the Covid-19 outbreak was likely to create “significant” new business opportunities going forward.
Hollywood Bowl pulls dividend due to Covid-19
Hollywood Bowl pulled its interim dividend on Thursday and said it was unable to provide any full-year guidance due to the coronavirus outbreak.
OptiBiotix enters manufacturing deal with Denmark's Fipros
Life sciences company OptiBiotix Health has entered into a contract manufacturing agreement with Fipros in Denmark, it announced on Thursday.
Insolvency financier Manolete sees rise in cases amid crisis
Insolvency litigation financing company Manolete Partners updated the market in light of the Covid-19 coronavirus pandemic on Thursday, claiming that it had successfully adjusted to the ongoing crisis.
Thursday broker round-up
Unilever: Barclays upgrades to equal weight with a target price of 4,420p.
Asia report: Markets finish mixed as oil price rises
Markets in Asia finished in a mixed state on Thursday, as investors kept weighing the ongoing, severe economic risks posed by the Covid-19 coronavirus pandemic, as the virus continued its global spread.
COP26 postponed over Covid-19 crisis
The UN COP26 climate change conference due to take place in Glasgow in November has been postponed in the wake of the Covid-19 crisis.
Gear4music expects FY profits to beat expectations
Musical equipment retailer Gear4music expects full-year profits to be ahead of previous expectations following commercial and operational progress made during the period.
Thruvision says 'too early' to issue guidance following Covid-19 outbreak
Screening technology provider Thruvision warned on Thursday that the Covid-19 pandemic had impacted trading in multiple ways, but amid delayed orders and postponed trials the group opted to not issue any guidance on the potential impact of the outbreak.