Latest News
Canaccord upgrades Idox to 'buy'
Analysts at Canaccord Genuity upgraded software firm Idox from 'hold' to 'buy' on Thursday due to "significant news flow" coming from the group over the last two months.
Loungers experiences increased demand following resumption of indoor trading
Bar and restaurant operator Loungers said on Thursday that like-for-like sales over the four-week period from 17 May through to 13 June were up 26. 6% against 2019 comparatives.
Euro area CPI jumps in May as energy and services prices snap higher
Revised data confirmed May's acceleration in the cost of living in the euro area on the back of sharp increases in energy and services prices.
Halfords FY profits boosted by boom in demand for e-scooters, e-bikes
Halfords reinstated its dividend on Thursday and posted a rise in full-year profits and revenue as it benefits from a boom in demand for e-bikes and e-scooters amid the pandemic.
FCA report reveals significant rise in cryptoasset ownership
Research published by the Financial Conduct Authority on Thursday, estimated that 2. 3m adults now hold cryptoassets, which was up from 1. 9m in 2020.
Baidu to build 1,000 robotaxis in three years
Baidu has partnered with BAIC Group to build 1,000 driverless cars over the next 3 years in a push to commercialize a robotaxi service across China.
US pre-open: Futures in the red after FOMC takes markets by surprise
Wall Street futures were in the red ahead of the bell on Thursday after the Federal Reserve stepped up its timeline for rate hikes, with two increases now likely set to take place in 2023.
Fulcrum awarded new £5.5m infrastructure contract
Multi-utility infrastructure and service provider Fulcrum Utility Services has been awarded a new £5. 5m multi-utility infrastructure contract that would support the decarbonisation of the UK agriculture sector, it announced on Thursday, by powering a new 22-hectare renewably-heated vegetable growing facility.
Dr Martens revenue, earnings jump in first results as listed company
In its first results as a listed company, Dr Martens reported a jump in full-year revenue and earnings on Thursday thanks to solid online sales, as it reiterated its medium-term guidance.
OptiBiotix operating losses narrow as revenue surges
Life sciences company OptiBiotix Health reported a 104% improvement in its full-year revenue on Thursday, to £1. 52m.
Europe midday: Shares stay in the red after Fed goes hawkish
European shares were still lower at lunchtime on Thursday after the US Federal Reserve said it might curb stimulus measures sooner than expected as the pace of the post Covid pandemic recovery stoked inflationary fears.
London midday: Stocks remain weaker after Fed comments
London stocks were still a little weaker by midday on Thursday after the US Federal Reserve signalled that it could hike interest rates earlier than expected.
Whitbread sees strong summer demand as Q1 sales growth falls 71%
Premier Inn owner Whitbread maintained guidance despite an extension of the UK government’s lockdown, forecasting strong summer demand in coastal destinations.
Metal Tiger upbeat on exploration progress at Armada
Natural resources investor Metal Tiger updated the market on exploration at its investee Armada Exploration on Thursday, which holds two exploration licences covering an area of 2,991 square kilometres in Gabon, which are prospective for magmatic nickel-copper sulphide.
Anpario turns in 'improved profit performance' in H1
Animal feed additives manufacturer Anpario said on Thursday that it had delivered "good sales" and an "improved profit performance" in the six months ended 30 June but cautioned that raw material price inflation and disruptions to supply chains and shipping operations had impacted trading.
Asia report: Stocks mixed as Fed brings forward rate hike projections
Stocks in Asia closed in a mixed state on Thursday, as investors digested the latest news out of the US Federal Reserve, which signalled overnight that interest rate hikes would be brought forward to 2023.
Halma slumps as Berenberg says valuation ‘remains a hurdle’
Shares in safety equipment specialist Halma slumped on Thursday after Berenberg said the stock’s valuation "remains a hurdle".
Liberum upgrades Pets at Home to 'buy' after results
Liberum upgraded Pets at Home to ‘buy’ from ‘hold’ on Thursday, lifting the price target to 510p from 460p, driven by the broker’s new, higher forecasts following the company’s preliminary results.
EasyJet announces new UK destinations as it picks up Stobart routes
Budget airline easyJet on Thursday unveiled 12 new UK domestic services as it looked to capitalise demand for "staycations" after the government extended its Covid lockdown by a month.
Seraphine Group seeks to finance expansion via London IPO
Seraphine Group aims to float on the London Stock Exchange's main market and raise funds to finance its international expansion as well as its push into the digital space.