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25 Jun
US close: Markets higher on prospect of banking regulation review

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.

25 Jun
Europe close: Shares bounce but Covid-19 worries weigh on sentiment

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.

25 Jun
royal mail
London close: Benchmark turns positive in afternoon trading

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.

25 Jun
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Broker tips: IHG, Crest Nicholson, Lloyds

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.

25 Jun
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US open: Banks outperform on prospect of easier regs

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.

25 Jun
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Kingswood buys out financial advice firm Sterling Trust

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.

25 Jun
Weekly US jobless count dips, some economists say claims are 'bottoming'

Firings in the US only dipped a little last week but the figures most closely linked to hiring did show some improvement.

25 Jun
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Trump plans cut to federal support for virus testing sites

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.

25 Jun
royal mail, post
FTSE 250 movers: Royal Mail slumps; Crest Nicholson lifted by upgrade

London’s FTSE 250 was down 0. 3% at 17,098. 38 in afternoon trade on Thursday.

25 Jun
glass of wine
Constellation Brands to offload Paul Masson to US distiller Sazerac

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.

25 Jun
US trade deficit widens unexpectedly in May on oil

America's foreign trade balance in goods increased sharply last month amid a slide in exports, but likely driven only by oil.

25 Jun
london stock exchange paternoster
FTSE 100 movers: LSE gains as it names new CFO; Rigntmove hit by downgrade

London’s FTSE 100 was up 0. 1% at 6,129. 49 in afternoon trade on Thursday.

25 Jun
Igas Energy to further reduce cost base

Igas Energy updated the market on its operations on Thursday, as well as measures being implemented to further materially reduce its cost base.

25 Jun
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Eden Research gets two US patents

Biopesticides and encapsulation technology company Eden Research has been granted two patents for its technology in the United States, it announced on Thursday.

25 Jun
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Tandem defeats biggest shareholder in AGM pay dispute

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.

25 Jun
ep hotel intercontinental
Thursday broker round-up

InterContinental Hotels: Jefferies downgrades to hold with a target price of 4,100. 0p.

25 Jun
equipaje vacaciones maletas
Hostelworld raises £14m to help navigate Covid-19 crisis

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.

25 Jun
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Orders for US durable goods rebound more quickly than expected in May

Orders for goods made to last more than three years jumped in May, nearly reversing the previous month's sharp fall.

25 Jun
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Stobart sells 56.4% of open offer shares

Stobart has sold 56. 4% of shares made available to shareholders in an open offer as part of its move to raise £100m.

25 Jun
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China expands coal use to boost economic growth

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.