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Philly Fed index beats expectations in January
Manufacturing conditions in the Philadelphia region improved significantly in January, according to a survey released on Thursday.
Beckhams pay themselves £20m as fashion arm posts losses
David and Victoria Beckham paid themselves more than £20m from their sport and media empire since 2019 as their fashion business suffered bigger losses and breached loan terms during the Covid-19 crisis, according to a report.
Evgen reports 'highly positive' data from SFX-01 trial
Clinical-stage drug development company Evgen Pharma announced on Thursday that its collaboration with a prominent European university had generated “highly positive” data for ‘SFX-01’ in pre-clinical models of glioma and glioblastoma.
US jobless claims fall slightly in latest week
US jobless claims undershot economists' forecasts slightly over the past week.
Eco Animal Health FY revenues and earnings 'significantly ahead' of expectations
Pharmaceutical company Eco Animal Health said on Thursday that full-year group revenues and underlying earnings were both expected to be "significantly ahead" of market expectations.
Glastonbury 2020 scrapped because of Covid-19
The Glastonbury music festival has been cancelled for the second year running because of Covid-19.
FCA clamps down on claims company fees
The Financial Conduct Authority has proposed a price cap to save consumers almost £10m a year on fees charged by claims management companies.
UK lenders forecast slowing demand for mortgages
Demand for mortgages is expected to ease in the coming months, a Bank of England survey of UK lenders found on Thursday, while borrowing on credit cards is set to rise.
Jefferies downgrades Hiscox, cuts target price
Jefferies has downgraded Hiscox to ‘hold’ in the wake of the Supreme Court judgement on business interruption claims.
US pre-open: Futures higher as Biden enters the White House
Wall Street futures had stocks opening higher ahead of the bell on Thursday after major indices hit fresh record highs on Inauguration Day.
Alien Metals starts maiden drilling programme at Hancock
Minerals exploration and development company Alien Metals announced on Thursday that the maiden drilling programme on its Hancock Iron Ore Project, part of its Hamersley Iron Ore Project in Western Australia, was now underway.
Europe midday: US stimulus hopes lift shares as investors eye ECB
European shares remained in positive mood as investors awaited action from new US President Joe Biden on the Covid-19 pandemic, including a new fiscal stimulus package to bolster the country's battered economy.
London midday: Stocks little changed as sterling rallies
London stocks were treading water by midday on Thursday as investors eyed the latest policy announcement from the European Central Bank.
UK factory output flattens but further drop expected - CBI
UK factory output flattened in January after more than a year of declines but production is expected to drop again after orders fell, a survey showed.
Asia report: Most markets rise as BoJ stands pat on policy
Most markets in Asia finished higher on Thursday, as investors reacted to the swearing-in of Joe Biden as president of the United States, as the Bank of Japan held monetary policy steady.
Canaccord Genuity slightly lowers target price on Cairn Energy
Analysts at Canaccord Genuity slightly lowered their target price on Cairn Energy from 220. 0p to 210. 0p on Thursday, citing challenges resulting from "a greater imperative for a transaction" in a higher oil price environment.
Clipper Logistics secures contract with luxury fashion platform Farfetch
Clipper Logistics has entered into an agreement with luxury fashion platform Farfetch to provide pan-European e-fulfilment and returns management services from a new facility in Venray, Netherlands.
Berenberg ups Sainsbury's to 'hold' in consumer review
Berenberg upgraded Sainsbury's shares to 'hold' and increased its price target for Marks & Spencer as the bank advised investors to concentrate on consumer companies with fundamental strengths rather than short-term earnings.
Sanderson Design's brand product sales stronger than expected in December
Interior design and furnishings group Sanderson Design said on Thursday that brand product sales in December had been stronger than initially expected.
Sumo Group flags forecast-beating revenue and earnings
Video game and entertainment creative and development service provider Sumo Group said on Thursday that its revenue and adjusted EBITDA for 2020 were expected to be ahead of consensus market expectations, with adjusted EBITDA for the year of at least £16m.