Wall Street indices finished in positive territory on Thursday,amid news that regulators were set to ease some rules on banks, although ongoing worries about the risk of a second pandemic wave lingered.
Stocks on the Continent managed to reverse early losses after the European Central Bank moved to backstop demand for euros from other central banks as a precautionary measure.
London’s benchmark managed to break into the green in afternoon trading to close slightly higher on Thursday, even amid growing concerns about a rise in new coronavirus infections in the US.
Jefferies downgraded its stance on shares of InterContinental Hotels to ‘hold’ from ‘buy’ on Thursday and cut the price target to 4,100p from 4,400p as it took a look at the hotels sector.
Wall Street was trading on the back foot on Thursday amid ongoing worries about the risk of a second pandemic wave, although news that regulators were set to ease some rules on banks had put a solid bid into the sector.
Wealth and investment management company Kingswood Holdings has acquired Sterling Trust Financial Consulting, it announced on Thursday, which it described as a “high quality” independent financial advice business, operating from headquarters in Hull, Yorkshire, with four satellite offices in Darlington, Newcastle, Sheffield and York.
Firings in the US only dipped a little last week but the figures most closely linked to hiring did show some improvement.
The Trump administration announced that the funding for 13 testing sites for Covid-19 will end in June because, it said, it could cause further spread of the disease.
London’s FTSE 250 was down 0. 3% at 17,098. 38 in afternoon trade on Thursday.
Constellation Brands has agreed to sell Paul Masson Grand Amber Brandy for $255m as part of its ongoing overhaul of its wine and spirits division.
America's foreign trade balance in goods increased sharply last month amid a slide in exports, but likely driven only by oil.
London’s FTSE 100 was up 0. 1% at 6,129. 49 in afternoon trade on Thursday.
Igas Energy updated the market on its operations on Thursday, as well as measures being implemented to further materially reduce its cost base.
Biopesticides and encapsulation technology company Eden Research has been granted two patents for its technology in the United States, it announced on Thursday.
Tandem has defeated its biggest shareholder's attempt to oust senior board members and reject new articles of association at the bicycle maker's annual general meeting.
InterContinental Hotels: Jefferies downgrades to hold with a target price of 4,100. 0p.
Hostelworld has raised nearly £14m through an equity placing, the online booking platform confirmed on Thursday, after it warned the Covid-19 crisis was likely to push it into the red.
Orders for goods made to last more than three years jumped in May, nearly reversing the previous month's sharp fall.
Stobart has sold 56. 4% of shares made available to shareholders in an open offer as part of its move to raise £100m.
China is approving plans for new coal power plant capacity at the fastest rate since 2015 in an attempt to boost the economy amid the pandemic crisis.