Latest News
Unite agrees £450m RCF linked to sustainable goals
UK student accommodation owner Unite said it had agreed a £450m sustainability-linked unsecured revolving credit facility (RCF) from HSBC, NatWest and Royal Bank of Canada.
888 Holdings wins race for William Hill non-US business
Gambling company 888 Holdings on Thursday said it had won the race to buy the non-US international business of William Hill from Caesars Entertainment for £2. 2bn.
Thursday newspaper round-up: Boeing, Evergrande, M&S
Boeing’s board of directors must face a lawsuit from the planemaker’s shareholders over two fatal crashes of its 737 Max aircraft, which killed 346 people in less than six months, a US judge has ruled. Delaware judge vice-chancellor Morgan Zurn found that the company had ignored “red flags” about the safety of the new aircraft and its anti-stall system, which the board “should have heeded but instead ignored”, following the crash of Lion Air flight 610 in October 2018.
FCA to scrap permissions faster in war on scams
The Financial Conduct Authority said it speed up the removal of unused permissions from financial firms as the regulator seeks to clamp down on scams.
Fed's Bostic sees no taper at September meeting
The US Federal Reserve is unlikely to taper its bond-buying programme at its September meeting but action could come later this year, a hawkish member of the central bank's monetary policy committee said.
EasyJet to raise £1.2bn after rejecting Wizz approach
EasyJet said it would raise £1. 2bn in a rights issue to strengthen its balance sheet after rejecting a takeover approach reported to be from Wizz Air.
Initial weekly US jobless claims undershoot forecasts
First time weekly unemployment claims in the US undershot market forecasts by a wide margin during the latest week for which data were unavailable.
ECB says euro area economy rebounding firmly, risks 'balanced'
The European Central Bank said the risks to growth and inflation were "broadly balanced" and that the euro area economy was now rebounding firmly.
ECB to slow PEPP purchases 'moderately'
Rate-setters in Frankfurt decided to lower bond purchases under their emergency asset buying programme "moderately" but kept all the other main policy levers unchanged, including the size of the bond buying programme not linked to the pandemic.
Europe close: Stocks brush off ECB PEPP 'recalibration'
European stocks finished mostly higher on Thursday, despite fears over a slowdown in global growth as a result of the Delta variant of Covid-19.
Friday preview: UK GDP, US producer prices in focus
All eyes at the end of the week will be on the latest UK gross domestic product data.
Funding Circle names Lisa Jacobs as CEO designate
Loans provider Funding Circle revealed on Thursday that Lisa Jacobs will succeed Samir Desai as chief executive officer on 1 January 2022.
Morses Club performs 'strongly' in H1
Lender Morses Club said on Thursday that it had "performed strongly" during the six months ended 28 August and traded in line with market expectations.
Gear4Music UK revenues return to growth, EU sales impacted by post-Brexit challenges
Musical instruments and equipment retailer Gear4music said on Thursday that UK revenues had returned to growth during July and August but cautioned that European revenues were still being impacted by post-Brexit challenges.
Cairn Homes interim revenue and profits surge
Irish homebuilder Cairn Homes said on Thursday that both interim revenue and profits had surged in the six months ended 30 June.
US close: Stocks weaker amid more M&A action
Stocks closed in the red on Wall Street on Wednesday, after a top Federal Reserve official made the case for a prompt withdrawal of the central bank's emergency bond purchases.
London close: Stocks in the red as ECB pumps bond-buying brakes
London stocks remained in the red by the close on Thursday, as investors digested the news that the European Central Bank was set to lower bond purchases.
Broker tips: Hays, Grainger, ConvaTec, IQE
Barclays upgraded shares of Hays to 'overweight' from 'equalweight' on Thursday and hiked the price target to 195. 0p from 120. 0p as it argued the market is underestimating the recruiter's growth potential.
AstraZeneca reports positive results from latest Imfinzi trial
AstraZeneca said on Thursday that positive results from the ‘Poseidon’ phase 3 trial showed ‘Imfinzi’, or durvalumab, and tremelimumab, when added to platinum-based chemotherapy, demonstrated a statistically-significant and clinically-meaningful improvement in overall survival and progression-free survival compared to chemotherapy alone in the first-line treatment of patients with stage four metastatic non-small cell lung cancer (NSCLC).
IQGeo software selected by Japan electric utility
Telecoms and utility geospatial software company IQGeo announced on Thursday that its software had been selected by a global top 10 electrical utility provider in Japan.