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Ryanair and Wizz are best airline shares, Morgan Stanley says
Ryanair and Wizz Air are the European airlines that offer investors the best balance between risk and reward with easyJet an attractive bet if demand recovers faster than expected, Morgan Stanley said.
US firings continue at torrid pace, but hiring picks up
Firings in the US continued at a furious pace during the past week, albeit at a moderately slower pace, and hirings picked up.
BoE's Saunders says slow recovery needs 'aggressive' action
A Bank of England ratesetter has warned the economy is likely to recover slowly from the Covid-19 crisis and called for "aggressive" action to limit the risks.
US durable goods orders drop more than expected in April
Orders in the US for goods made to last more than three years fell sharply in April, with weakness especially evident in demand for transport equipment.
Boohoo buys remaining stake in PrettyLittleThing
Fast-fashion retailer Boohoo said on Thursday that it has bought the remaining 34% stake in PrettyLittleThing from its minority shareholders for an initial consideration of £269. 8m.
Thursday broker round-up
Provident Financial: RBC Capital Markets reiterates sector performer with a target price of 195p.
Nissan to close Spain plant, axe 2,800 jobs as profits plunge
Nissan said it was closing its Barcelona factory with the loss of 2,800 jobs as the Japanese carmaker reported its first net loss in 11 years.
Europe midday: Investors continue to look past geopolitical tensions for now
Stocks in Europe were extending their recent gains early on Thursday afternoon despite rising geopolitical and diplomatic tensions with Beijing.
InfraStrata enters term sheet for acquisition of regasification project
Strategic infrastructure company InfraStrata has entered into a term sheet with West Face Long Term Opportunities Global Master, it announced on Thursday, for the acquisition of Meridian Holdings, under which sits the proposed floating storage and regasification unit (FSRU) project in Barrow-in-Furness, north west England.
IKEA delays expansion into South America until 2022
IKEA has delayed its expansion into South America until 2022 due to the Covid-19 pandemic which has slowed construction work.
DX Group maintains operations at all sites despite Covid-19 lockdown
Logistics firm DX Group has continued to maintain operations at all its depots and service centres since Downing Street's Covid-19 lockdown measures came into effect.
Nanoco signs quantum dot supply deal with STMicroelectronics
Cadmium-free quantum dots and nanomaterials manufacturer Nanoco Group has signed a quantum dot material supply agreement with STMicroelectronics International, it announced on Thursday.
Lockdown gaming surge a boon for Bidstack
Bidstack Group said it was “pleased” with the progress it had made towards its goal of becoming a leading platform to deliver in-game advertising in an update on Thursday.
GSK to produce 1bn doses of vaccine boosters
Pharmaceutical company GlaxoSmithKline announced it will produce 1bn doses of coronavirus vaccine booster in preparation for an eventual immunisation drive.
Huawei CFO denied right to immediate release in extradition fight with US
Huawei finance director Meng Wanzhou lost a major battle in her fight against extradition to the US with Canadian authorities refusing to immediately release her and ensure her return to China.
Draper Esprit 'well positioned' to benefit from Covid-19
Venture capitalist Draper Esprit said on Thursday that it was "well positioned" to benefit from the Covid-19 pandemic given its exposure to cloud and automation technology firms.
US pre-open: Futures point to mixed session ahead of jobless claims data
Wall Street futures had stocks opening on a mixed note on Thursday as market participants tried to remain optimistic about the reopening of the US economy and awaited the Department of Labor's latest jobless claims report.
Condor Gold raises £6.6m in private placing
Condor Gold announced a placing of 18,082,192 units at a price of 36. 5p each on Thursday, including a directors and chief financial officer’s subscription of 2,361,917 units, to raise gross proceeds of £6. 6m before expenses.
Scholium expects 'small' second half loss despite Covid-19 hit
Rare books retailer Scholium expects to report only a "smal|" second half loss despite trading being "severely disrupted" as the year ended 31 March came to a close.
Kodal makes solid progress at Bougouni and on gold assets
Kodal Minerals updated the market on progress on the Bougouni Lithium Project mining licence application in Mali on Thursday, as well as its gold exploration properties in Mali and Cote d'Ivoire.