Lloyds Bank set aside a further £2. 4bn for bad debts in the second quarter as it swung to a heavy first-half loss and braced for a “significant deterioration” in the economic outlook amid the coronavirus pandemic.
Economic activity in the US collapsed during the second quarter, even if at a marginally slower than expected pace, alongside a fall in prices.
Initial jobless claims in the US were little changed during the preceding week, but secondary claims jumped, possibly underlining the difficulty of rejoining the labour force.
Stocks across Europe reeled as investors digested data showing that German gross domestic product fell at its quickest pace on record since at least 1970 during the second quarter of 2020.
Ultra Electronics resumed dividend payments after recovering "very good visibility" for the back half of the year.
London stocks finished well into the red on Thursday, dipping below the 6,000 point level, following a disastrous GDP release from the United States, and disappointing results from the likes of Lloyds.
The focus at the end of the week will be on a raft of earnings in the technology space out of the US, alongside a first reading on Chinese manufacturing sector conditions for July.
Analysts at Liberum slightly raised their target price on intellectual property investor Hipgnosis Songs Fund from 116p to 130p on Thursday, stating the group was in the right place at the right time.
The UK government has extended the quarantine period for anyone who tests positive or shows symptoms of having Covid-19 from 7 days to 10 days.
AO World said on Thursday that chief executive and founder John Roberts had purchased 882,350 ordinary shares in the FTSE 250-listed online household appliance retailer.
Analysts at Canaccord Genuity upgraded their recommendation for shares of Taylor Wimpey from 'hold' to 'buy' following recent share price falls despite the group's "strong" balance sheet.
London’s FTSE 250 was down 1. 3% at 17,017. 05 in afternoon trade on Thursday.
Europe-focussed lead-zinc and silver developer Europa Metals responded to a “significant increases” in its stock since the completion of its July general meeting on Thursday.
Commercial flooring company James Halstead updated the market on the financial year ended 30 June on Thursday, reporting a recovery in demand in its UK business, to around 80% of the prior year in June, and declaring a second interim dividend.
Wall Street stocks recorded some heavy losses at the bell on Thursday after an epic plunge in second-quarter gross domestic product and another week's worth of jobless claims figures.
Tullow Oil: Berenberg downgrades to hold with a target price of 40. 0p.
Business sentiment picked up in the UK during July, a closely-followed survey revealed, but the details continued to point to an exceedingly sombre outlook for employment.
London’s FTSE 100 was down 2. 5% at 5,978. 45 in afternoon trade on Thursday, extending earlier losses on the back of dire US GDP data.
Furloughed workers who lose their jobs during the coronavirus crisis will be eligible for redundancy pay based on their normal wages under new laws that will take effect on Friday.
The European Union warned of the a potential shortages of syringes, wipes and protective gear needed for a mass Covid-19 vaccination programme and called on member states to buy the required equipment as a bloc.