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Begbies Traynor 'well-placed' as distress levels rise
Insolvency specialist Begbies Traynor said it was well-placed to benefit from a spike in distressed companies following the Covid-19 outbreak.
Lloyds bosses warn of financial cost from supporting customers
Lloyds Banking Group's bosses told shareholders that supporting customers during the coronavirus crisis would have a financial impact on the bank's results.
UK inequality grows as top 1% of earners get 17% of nation's income
UK inequality grew as the highest paid 1% of British earners received nearly 17% of all national income before the Covid-19 crisis.
Surge in weekly US jobless claims slows
Initial weekly jobless claims in the States continued to rise at an accelerated but revised figures for the prior week revealed a larger than expected slowdown.
Philly Fed index continued to drop at accelerate pace in May, details stronger
Factory activity in the US mid-Atlantic region continued to shrink at extraordinarily sharp pace in May, the results of a closely-followed survey revealed.
Berenberg lowers target price on 'expensive' First Derivatives
Analysts at Berenberg lowered their target price on consulting services firm First Derivatives from 2,750. 0p to 2,200. 0p on Thursday, stating the firm's underlying performance had become "worrying".
Eddie Stobart Logistics acquires trademarks from Stobart Group
Transport and logistics group Eddie Stobart Logistics has acquired the 'Eddie Stobart' and 'Stobart' trademarks from a subsidiary of Stobart Group, the London-listed aviation and energy group.
Clarks set to cut 900 jobs
British shoemaker Clarks said on Thursday that it would be cutting 900 jobs following its strategy review.
Thursday broker round-up
Experian: RBC Capital Markets downgrades to sector performer with a target price of 2,700p.
UK manufacturing output slumps at historic pace in May - CBI
UK manufacturing output slumped at a record pace in May, the CBI reported on Thursday, as the Covid-19 pandemic continued to batter the British economy.
Investec predicts challenging year ahead as profits slide
Investec warned of a “challenging” year ahead on Thursday, as it reported full-year profits rocked by the Covid-19 crisis.
GVC to receive £200m rebate after historic VAT ruling
Ladbrokes-owner GVC Holdings is on course to receive a £200m windfall after the government decided not to appeal a key ruling over historic tax payments.
Macy's sees moderately better-than-expected demand at reopened stores
The novel coronavirus pandemic will push department store chain Macy's back into the red on a full-year basis as its sales are hammered lower, the company said on Thursday.
Europe midday: Stocks dip despite better-than-expected PMIs
Stocks in Europe are mired in the red despite gains on Wall Street overnight and a slight beat versus consensus on two key surveys for activity in the single currency bloc.
Lufthansa in advanced talks on €9bn Covid state bailout
Lufthansa said it was in advanced talks with the German government over a €9bn £8. 07bn Covid-19 bailout that would give the state 20% in of the cash-strapped airline.
US pre-open: Futures point to losses ahead of jobless data
Wall Street futures had stocks opening lower on Thursday as market participants seemed ready to take a break from what had been a strong week for stocks so far ahead of another round of jobless data.
London midday: Stocks maintain losses as Whitbread slumps on rights issue
London stocks were still in the red by midday on Thursday amid growing tensions between the US and China, with Whitbread pacing the decline as it announced a £1bn rights issue.
Europe open: Stocks dip amid as buyers wait on economic data
Stocks in Europe are trading modestly lower, despite a renewed push higher on Wall Street overnight, as investors waited on a wave of economic data scheduled for later in the session in the US.
Asia report: Most markets lower as daily Covid cases hits record high
Most markets in Asia finished in the red on Thursday, amid concerning reports from the World Health Organization that the daily number of new Covid-19 coronavirus cases globally hit a record this week.
Whitbread in £1bn rights issue, warns on 2021 profits
Pub and hotel operator Whitbread said it was raising £1bn in a rights issue to bolster its balance sheet against the impact of the coronavirus pandemic as it warned of a potential loss in 2021.