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Canaccord hikes target price on Go-Ahead
Analysts at Canaccord Genuity hiked their target price on public transport operator Go-Ahead Group from 1,135. 0p to 1,540. 0p on Thursday, stating the group was now in the process of preparing for "a strong recovery".
Burberry reinstates full-year dividend, warns on margins
Burberry reported a decline in full-year sales and operating profits, but reinstated its full-year payout on the back of strong cash generation.
Chip designer Alphawave IP slumps in market debut
Shares of Canadian semiconductor maker Alphawave IP slumped in their stockmarket debut on the London Stock Exchange.
Prudential delays Jackson demerger until second half
Prudential pushed the demerger of its Jackson US business back to the second half of 2021 as the insurer reported an increase in sales at its Asia and Africa operations.
Italy fines Google $123m for abuse of dominant market position
An Italian competition watchdog announced on Thursday it had fined Google 102m euros for abuse of its dominant market power in relation to its Android mobile operating system and its app store Google Play.
One Media iP reports 'solid' acquisition pipeline
Digital media content provider One Media iP said on Thursday that 2020 was a period of “continued solid progress” in both growth and profit, despite global challenges amid the Covid-19 pandemic.
On the Beach drops after suspension extended
On the Beach shares fell more than 10% after the online holiday retailer suspended sales for a further two months because of uncertainty created by government travel restrictions.
Revenue down but earnings grow at PHSC
Health, safety, hygiene and environmental consulting company PHSC said on Thursday that unaudited management accounts for the year ended 31 March showed consolidated group revenue of £3. 29m, down from £4. 44m year-on-year.
US pre-open: Futures point to third-straight day of losses
Wall Street futures were in the red ahead of the bell on Thursday after the blue-chip index turned in its worst performance since January in the previous session.
London midday: FTSE slumps as inflation fears rattle investors again
London stocks were firmly in the red by midday on Thursday as worries about rising inflation rattled investors again.
Europe midday: Shares continue retreat after US inflation spike
European shares continued their retreat on Thursday as a rapid rise in US inflation and falling commodities prices hammered sentiment.
BT ramps up fibre-to-home rollout target to 25m by end-2026
UK telecoms operator BT said it was extending its full-fibre broadband network to 25m premises by the end of 2026, and would aim to fund the 5m extra premises through a joint venture.
UDG Healthcare takeover likely to proceed, says RBC Capital
RBC Capital Markets downgraded its stance on shares of UDG Healthcare from ‘outperform’ on Thursday as it lifted the price target to 1,023p from 940p, bringing it in line with the offer received by private equity firm Clayton, Dubilier & Rice, which it reckons will go through.
Ideagen recurring revenue rises in year of growth
Compliance software company Ideagen reported a year of “continuing growth” on Thursday, both organically and by adding three “significant” acquisitions.
MaxCyte to consolidate two of its lines of shares
Cell engineering company MaxCyte announced the consolidation of two of its lines of common stock into a single unrestricted line of common stock on Thursday.
Dixons Carphone to become Currys in move to single brand
Dixons Carphone said it would change its name to Currys and replace all its brands with the Currys label to trade under a single identity.
Atalaya Mining reports strong first quarter
Atalaya Mining reported first quarter revenues of €97. 4m (£83. 69m) on Thursday, up from €61. 2m year-on-year, with the higher revenues put down to higher realised copper prices and slightly larger volumes of concentrate sold.
Kier to raise £241m in share placing
Construction and infrastructure services group Kier said on Thursday that it plans to raise around £241m in a share placing to provide it with the "the financial and operational flexibility to continue to deliver on its strategic objectives".
Berenberg initiates coverage on Ilika at 'buy'
Analysts at Berenberg initiated coverage on solid-state battery technology outfit Ilika at 'buy' on Thursday, stating the group was "taking batteries to the next level".
Asia report: Markets fall further as inflation fears linger
Markets in Asia continued the global trend downwards on Thursday, following another sell-off on Wall Street overnight amid concerns that rising inflation could see central banks hike interest rates.