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Credit Suisse upgrades Boohoo, says governments might ban Shein app
Analysts at Credit Suisse upgraded their recommendation for shares of Boohoo to 'outperform', telling clients that Western governments looked set to step in and "level up the playing field" against Chinese fashion retail app Shein.
Director dealings: Midwich group MD lowers stake
Midwich Group revealed on Thursday that managing director Stephen Fenby had disposed of 2. 0m ordinary shares in the AIM-listed audio-visual distributor.
Mastercard to buy cryptocurrency intelligence group CipherTrace
Mastercard has agreed to buy cryptocurrency intelligence company CipherTrace for an undisclosed sum.
FTSE 250 movers: EasyJet tumbles after rejecting bid approach; IP Group jumps
London’s FTSE 250 was down 0. 2% at 23,790. 48 in afternoon trade on Thursday.
US open: Stocks trade higher as initial jobless claims drop more than expected
Wall Street stocks traded higher at the open on Thursday after market participants digested some better than expected jobless claims data from the Labor Department.
Itaconix confirms first shipment of new polymer to EU customer
Plant-based polymer specialist Itaconix announced the first shipment to a European Union-based customer for its ‘TSI 322’ sustainable detergent polymer on Thursday.
FTSE 100 movers: IAG flies lower; B&M rallies again
London’s FTSE 100 was down 1% at 7,025. 39 in afternoon trade on Thursday.
Oxford Nanopore planning London listing
Oxford Nanopore said on Thursday that it’s planning to list on the London Stock Exchange.
Canaccord Genuity upgrades IQE to 'speculative buy'
Analysts at Canaccord Genuity upgraded semiconductors firm IQE from 'hold' to 'speculative buy' on Thursday, stating momentum appeared to be "about to inflect".
Ncondezi signs EPC contract for coal-fired power plant
Ncondezi Energy announced on Thursday that the engineering, procurement and construction (EPC) power plant contract for the integrated Ncondezi 300MW coal-fired power project and coal mine in Tete, Mozambique, had been signed with China Machinery Engineering Corporation (CMEC) at a virtual signing ceremony.
Market underestimating Hays growth potential, says Barclays
Barclays upgraded shares of Hays to ‘overweight’ from ‘equalweight’ on Thursday and hiked the price target to 195p from 120p as it argued the market is underestimating the recruiter’s growth potential.
Empire Metals starts RC drilling campaign at Central Menzies
Resource exploration and development company Empire Metals announced the start of the reverse circulation (RC) drilling campaign at the Central Menzies gold project on Thursday.
Greatland Gold upbeat on latest work at Havieron
Greatland Gold updated the market on development and exploration at Havieron on Thursday, reporting further significant results from growth drilling under the Crescent Sulphide Zone and around the Northern Breccia, which continued to support the potential for resource expansion.
US pre-open: Futures trade lower ahead of jobless data
Wall Street futures were in the red ahead of the bell on Thursday as market participants await this week's jobless claims data from the Labor Department.
Lloyd's of London returns to profit on strong underwriting
Lloyd's of London, the world's biggest insurance market, returned to profit in the first six months of the year on the back of higher premiums as insurers started to claw back cash from the Covid pandemic.
Jadestone first half production slightly ahead of plan
Jadestone Energy reported first half production of 9,934 barrels per day, which was slightly ahead of plan but 18% lower than the first half of 2020.
London midday: Stocks extend losses ahead of ECB
London stocks had extended losses by midday on Thursday as investors eyed the latest policy announcement from the European Central Bank.
Europe midday: Shares lower on slowdown fears, ECB meeting
European stocks opened lower again on Thursday, as fears over a slowdown in global growth added to jitters ahead of the European Central Bank’s meeting to discuss asset tapering.
Berenberg raises target price on Grainger
Analysts at Berenberg raised their target price on residential property firm Grainger from 350. 0p to 375. 0p on Thursday, citing the firm's growing portfolio.
GlobalData agrees acquisition of IHS Markit life sciences business
GlobalData announced on Thursday that it had agreed to acquire the life sciences business of IHS Markit.