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Trainline raises £150m for extended Covid-19 downturn
Trainline is selling £150m of convertible bonds to shore up its finances against a potential extended Covid-19 downturn in ticket sales.
Covid-19 vaccine protection will likely last 'a couple' of years, Moderna boss says
Moderna boss Stephane Bancel said the protection against Covid-19 provided by the vaccine developed by his company is likely to last a couple of years.
MP Evans reports solid improvements in crops, production
Indonesia-focussed palm oil producer MP Evans updated the market on its crops and production for 2020 on Thursday, reporting a 9% rise in its own crop to 724,300 tonnes of fresh fruit bunches.
Citi sees global stocks flat over 2021, downgrades ‘expensive’ US equities
Citi said in an equity strategy note on Thursday that it expects global equities to be flat over 2021, as it cut its rating on US equity markets.
Wizz Air cancels UK flights following national lockdown
Budget airline Wizz Air has cancelled the bulk of UK flights in January due to Downing Street's most recent round of lockdowns aimed at curbing the spread of the Covid-19 pandemic.
Sareum gets approval for US patent application
Specialist drug development company Sareum announced on Thursday that the United States Patent and Trademark Office has now formally approved its patent application, number 16/351,620.
TUI to raise €545m to strengthen finances
TUI has launched a rights issue to raise almost €545m (£492m) from shareholders to pay off debt and strengthen the company's liquidity with travel on hold during Covid-19 lockdowns.
IP Group slumps as Invesco sells 61.9m shares
IP Group slid on Thursday after Invesco sold 61. 9m shares in the company in a placing.
US pre-open: Futures higher despite chaos overnight in Washington
Wall Street futures had stocks opening higher ahead of the bell on Thursday after Joe Biden was confirmed by Congress as the 46th President of the United States, hours after a mob incited by the incumbent stormed and occupied the Capitol building, resulting in the death of one woman.
CRH to benefit from Democrat majority in US Senate, says SocGen
Societe Generale upgraded its rating on shares of CRH on Thursday to ‘buy’ from ‘hold’ as it said the building materials group is set to benefit from a Democratic majority in the US Senate.
London midday: Stocks turn lower as Biden certified US president
London stocks had fallen into the red by midday on Thursday, unable to hold on to earlier gains, after Joe Biden was confirmed by Congress as the 46th President of the US.
Character Group sells UK overspill warehouse for £3.5m
Character Group announced on Thursday that contracts have been exchanged for the sale of its UK overspill warehousing facility at Vernon Works, Oldham in Lancashire.
Europe midday: US stimulus prospects continue to cheer investors
European shares were still higher at lunchtime on Thursday as investors were cheered by the prospect of a larger US stimulus package after the Democrats took control of Congress and Joe Biden's presidential election win was confirmed amid extraordinary scenes in Washington.
Liberum upgrades Next to 'buy' following strong Christmas trading performance
Analysts at Liberum upgraded clothing retailer Next from 'hold' to 'buy' and reiterated its 8,300. 0p target price on the stock following some "very resilient" Christmas trading.
Jefferies says 'buy' DS Smith and Smurfit Kappa
Jefferies upgraded its ratings for DS Smith and Smurfit Kappa shares to 'buy' as the broker predicted positive trading for packaging companies helped by ecommerce and environmental pressures.
Telit Communications terminates talks with u-blox
Telit Communications has terminated talks with Swiss semiconductors company u-blox about a possible offer for the Internet Of Things communications group.
Sainsburys lifts FY forecasts after booming Christmas sales
Sainsbury’s lifted profit forecasts after a booming festive period as Britons treated themselves to champagne and steaks and online orders hit record levels in response to pandemic restrictions on the size of gatherings.
Joules says latest lockdown could dent revenues by up to £18m
AIM-listed fashion brand Joules warned on Thursday that the latest Covid-19 lockdown could dent revenues by up to £18m as it reported a slump in sales over the Christmas period.
Europe open: Democrat Georgia win, Biden confirmation boost stimulus hopes
European shares were on the rise again Thursday after Joe Biden’s US presidential election victory was confirmed and the Democrats took control of Congress amid extraordinary scenes, sparking hopes of a bigger American Covid stimulus package.
Asia report: Most markets higher as investors watch US chaos
Most markets in Asia finished in the green on Thursday, taking their cues from Wall Street overnight, where traders mostly shrugged off violent, deadly riots at the US Capitol in Washington.