Latest News
Spire Healthcare buys majority stake in Sheffield hospital for £15.7m
Independent hospital group Spire Healthcare said it had bought an 87% stake in the operating assets of the Claremont Private Hospital in Sheffield for £15. 7m in cash from Aspen Healthcare.
China Evergrande tries to reassure investors on redemptions
Debt-burdened property developer China Evergrande said it would prioritise the redemption of investment for retail investors as questions hovered over its ability to meet interest payments.
Europe close: Shares close higher as investors ignore weak survey data
European stocks closed higher on Thursday as investors shrugged off a survey showing a marked slowdown in Eurozone business growth during September, fears of a debt default by struggling property developer China Evergrande and rising inflation.
Thursday newspaper round-up: GSK, US pension funds, LVMH
GSK’s chief executive, Emma Walmsley, has come under pressure from a second activist hedge fund, Bluebell Capital Partners, which has taken a stake in the drugmaker to push for change at the top, including demanding that she reapply for her job. The London-based Bluebell Capital Partners has joined the US hedge fund Elliott Management on the pharmaceutical giant’s shareholder roster, with a stake reported to be worth £10m. With £100m assets under management, Bluebell is a much smaller firm than Elliott, which snapped up an undisclosed stake in April.
Eurozone business growth slows as demand peaks
Eurozone business growth slowed markedly in September as demand peaked and supply chain problems affected production and deliveries, a survey showed.
Reckitt Benckiser trading in line with expectations
Reckitt Benckiser said trading so far in the second half was in line with its expectations after warning in July that demand for cleaning products had peaked.
French Connection receives takeover approach
French Connection said it had received a takeover approach after a sharp jump in its share price on Thursday.
BoE leaves policy unchanged as job fears loom
The Bank of England said it expected inflation to peak at more than 4% in 2021 but left monetary policy unchanged as the central bank focused on slowing growth and potential job losses over rising prices.
British Airways halts Gatwick short-haul flights
British Airways is to suspend almost all its short-haul flights at Gatwick airport after grounding the operation at the start of the pandemic, according to reports.
Lloyds Bank to lose two senior non-executives
Lloyds Banking Group has announced the departure of two senior non-executive directors.
IOG proposes £8.5m placing and subscription to cover costs at Kelham
Gas and energy company IOG proposed a placing and subscription on Thursday in an attempt to raise gross proceeds of approximately £8. 5m.
US initial jobless claims come in worse than expected at 351,000
Jobless claims grew to their highest level in almost a month in the week ended 18 September, according to the Labor Department.
Trakm8 YTD revenues grow modestly
Telematics and data insight group Trakm8 Holdings said on Thursday that revenues in the first five months of its trading year had come in 19% higher than during the same period twelve months earlier.
XL Media swings to H1 reported pre-tax loss despite improved revenues
Marketing company XLMedia said on Thursday that had swung to an interim reported pre-tax loss despite revenues growing year-on-year.
Berenberg raises target price on CVS Group following FY results
Analysts at Berenberg raised their target price on veterinary services provider CVS Group's from 2,630. 0p to 2,900. 0p on Thursday following the release of the company's full-year results.
Canaccord Genuity lowers Idox to hold after shares reach target price
Analysts at Canaccord Genuity downgraded software firm Idox from 'buy' to 'hold' on Thursday, citing a now "fair" valuation.
Broker tips: Idox, CVS Group, Rolls-Royce
Analysts at Canaccord Genuity downgraded software firm Idox from 'buy' to 'hold' on Thursday, citing a now "fair" valuation.
London close: Stocks mixed as BoE keeps policy on hold
London stocks closed in a mixed state on Thursday, after the Bank of England stood pat on monetary policy amid fresh fears for the employment market.
EU unveils law for common phone charger in blow for Apple
The European Union on Thursday unveiled plans to make USB-C connectors the standard charging port for all smartphones, tablets and other electronic devices, in a move that will hit iPhone maker Apple.
US open: Stocks advance after Fed stands pat on near-zero interest rate targets
Stocks opened sharply higher on Thursday as the Street attempted to reclaim some of September's losses.