Latest News
Co-op won't pay back £66m in business rates relief even as profits surge
The Co-operative Group said on Thursday that it will repay £15. 5m in furlough support but will not pay back business rates relief despite reporting a surge in full-year profits.
Deliveroo shares rated 'hold' by Berenberg
Deliveroo has good growth prospects but it faces stiff competition and regulatory uncertainty, Berenberg said as it initiated coverage of the company's shares with a 'hold' rating.
Tracsis revenue, earnings fall in first half
Rail, traffic and rail software and technology company Tracsis reported a fall in revenue to £22. 2m in its first half on Thursday, from £26. 4m a year earlier.
SkinBioTherapeutics launches research programme with Manchester University
Skin health science company SkinBioTherapeutics has initiated a research programme with the University of Manchester, it announced on Thursday, to investigate and develop microbiome formulations that support natural anti-inflammatory response to a range of environmental challenges.
US pre-open: Futures mostly higher as Fed remains dovish
Wall Street futures were mostly higher ahead of the bell on Thursday after the S&P 500 hit another record close in the previous session.
Cambridge Cognition wins at-home clinical trial contract
Brain health technology company Cambridge Cognition has won a contract with a new pharmaceutical client to provide cognitive assessments in an at-home clinical trial, it announced on Thursday.
Spain limits AstraZeneca use to people over 60
Spanish health minister Carolina Darias announced on Wednesday that Spain would restrict use of the AstraZeneca shot to people over the age of 60.
Corero Network Security enters new £3m borrowing facility
Cybersecurity and defence company Corero Network Security has entered into a new borrowing facility for up to £3m with its existing banking partner, it announced on Thursday.
London midday: Stocks up but off highs after dovish Fed minutes
London stocks were up but off earlier highs by midday on Thursday, after the FTSE 100 hit its best level since the pandemic following dovish minutes from the US Federal Reserve.
Europe open: Stoxx hits new record on Fed's dovish tone
European stock markets rose to new record levels at the opening bell on Thursday after the US Federal Reserve said it expected to keep loose monetary policy for “some time” until economic conditions improve sufficiently from the Covid pandemic.
Europe midday: Shares hold on to gains as Fed maintains policy stance
European stock markets maintained record levels at midday on Thursday after the US Federal Reserve said it was content to keep monetary policy loose for “some time” until economic conditions improve sufficiently from the Covid pandemic.
Everyman swings to a loss as Covid-19 forces cinemas to shut up shop
Cinema operator Everyman Media swung to a loss in 2020 as a result of the Covid-19 pandemic and Downing Street's associated lockdown measures forcing it to shutter its sites for months at a time.
Deutsche Banks starts Tui coverage with 'hold' rating
Deutsche Bank recommended sticking with Tui shares as it initiated coverage of the world's biggest travel and tourism company.
Citi upgrades Sage to 'buy' from 'neutral'
Citi upgraded its stance on shares of software company Sage on Thursday to ‘buy’ from ‘neutral’ as it pointed to improving news flow.
Asia report: Markets broadly positive after Fed minutes
Asian stock markets closed in a mixed state on Thursday, with Hong Kong leading the gains, as investors digested the latest minutes from the US Federal Reserve overnight.
Dunelm sees FY profit 'modestly ahead' of forecasts
Homewares group Dunelm said it expected to finish the year “modestly ahead” of expectations as it reported a 16. 8% fall in third quarter sales, reflecting the impact of the latest national Covid lockdown.
Northern Ireland govt to meet as Belfast riots escalate
The devolved Northern Irish government is set to meet on Thursday to discuss the ongoing riots in Belfast after a sixth consecutive night of disturbances.
Peel Hunt ups Carnival price target, reiterates ‘buy’ after Q1 update
Peel Hunt hiked its price target on Carnival on Thursday to 2,100p from 1,850p following the cruise operator’s first-quarter update a day earlier.
UK construction surges as confidence spreads - PMI
UK construction output rose at the fastest pace for more than six years in March as a revival in confidence spread across the sector.
Enteq Upstream trades in line amid oil price fluctuation
Energy technology company Enteq Upstream said on Thursday that its trading results for the year ended 31 March were expected to be in line with expectations, with revenues in the region of $5. 0m and a breakeven adjusted underlying earnings performance.