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Prudential considering $3bn equity raise, will demerge US business
Prudential shares tumbled on Thursday after the insurer announced plans to separate its US business and said it was considering raising up to $3bn in new equity.
FTSE 100 movers: Prudential in the red; Diageo fizzes higher
London’s FTSE 100 was down 0. 4% at 6,541. 10 in afternoon trade on Thursday.
American Airlines posts record quarterly loss, rallies on Reddit speculation
US carrier American Airlines posted a record quarterly loss on Thursday as it cautioned of a difficult few months ahead as a result of ongoing Covid-19 travel restrictions.
US gross domestic product continued to expand in Q4, as expected
America's economy continued expanding at the tail-end of 2020 with economists anticipating that the rebound from the Covid-19 crisis was set to continue.
US jobless claims drop unexpectedly during latest week
The number of Americans filing for unemployment claims slipped again during the latest week.
Keywords lifts expectations for 2020 after strong finish to year
Video games technical and creative services provider Keywords Studios updated the market on its trading in 2020 on Thursday, saying it now expected revenue and adjusted profit before tax to be €373m and €55m respectively.
Accesso turns in solid Q4 performance, hikes FY revenue guidance
Technology company Accesso said on Thursday that the solid trading performance reported in its November update had continued through the remainder of 2020, particularly over the holiday period in North America.
GameSpot avalanche continues
The dizzying rise of GameStop shares continued on Thursday as fresh investors continued to pile in and - possibly - as more hedge funds opted to 'throw in the tunnel'. Gamestonk!! https://t. co/RZtkDzAewJ — Elon Musk (@elonmusk) January 26, 2021.
UK competition watchdog opens probe into Facebook Giphy deal
UK’s competition watchdog on Thursday launched its initial investigation into Facebook acquisition of GIF website Giphy.
Qualcomm loses data dispute with EU antitrust regulators
Chipmaker Qualcomm lost a data dispute with the European Union antitrust regulator after Europe’s top court ruled against it on Thursday.
Electric carmaker Faraday Future to go public
Electric carmaker Faraday Future agreed to go public through a merger with Property Solutions Acquisition Corp in a deal valued at $3. 4bn, the company said on Thursday.
FCA warns banks on branch closures during crisis
The Financial Conduct Authority has warned UK banks not to close branches if doing so would harm vulnerable customers during the Covid-19 lockdown.
Avacta to collaborate with Bruker to assess Covid-19 test assay
Biotherapeutics company Avacta has entered into a collaboration agreement with Bruker Corporation, it announced on Thursday, to evaluate the Affimer-based, bead-assisted mass spectrometry SARS-CoV-2 assay that it developed with Adeptrix.
ITM Power losses widen as Covid-19 delays projects
Energy storage and clean fuel company ITM Power reported a 16% improvement in its total income for its first half on Thursday, to £4. 4m.
GB Group taps Aveva's David Ward for CFO role
GB Group announced the appointment of David Mathew Ward to its board as its new chief financial officer on Thursday, replacing Dave John Wilson, who was stepping down from the board and retiring as CFO and chief operating officer after 12 years.
Proton Motor Power converts loan interest to shares
Fuel cell and electric hybrid system developer Proton Motor Power said on Thursday that Falih Nahab has requested the conversion of part of the interest matured on loans provided by him into 42 million ordinary shares.
Greatland Gold reports further 'excellent' results from Havieron
Precious and base metals exploration and development company Greatland Gold reported further “excellent” results from Newcrest's drilling campaign at the Havieron deposit in the Paterson region of Western Australia on Thursday.
US pre-open: Futures mixed following worst sell-off since October
Wall Street futures were mixed ahead of the bell on Thursday following a heavy sell-off in the previous session.
UK car manufacturing slumps to 36-year low
UK car manufacturing slumped last year to levels not seen since the start of the 1980s, industry data showed on Thursday, after Covid-19 shut factories and depressed demand.