Wholesale inflation in the US rose a bit less quickly than anticipated last month, despite big jumps for energy and food prices.
Citigroup reported a surge in third-quarter investment banking revenues on Thursday, the latest Wall Street bank to benefit from a boom in merger and acquisition activity.
House price continued to grow in September, a closely-watched industry survey showed on Thursday, but at a slower rate than previously seen.
The number of Americans filing for unemployment clams undershot forecasts again last week, retreating to their lowest level since near the start of the Covid-19 pandemic.
Pharmacy chain operator Walgreens Boots Alliance topped quarterly earnings estimates on Thursday amid stronger-than-expected demand for Covid vaccines.
Morgan Stanley’s third-quarter results beat expectations on Thursday as it posted record revenues for the investment banking business.
US banking giant Bank of America reported quarterly earnings that beat expectations on Thursday thanks to better-than-expected loan losses and record advisory and asset management fees.
Wells Fargo posted better-than-expected income and profits for its recently ended quarter thanks to sharp declines in costs and provisions.
European stocks extended gains on Thursday as miners led the way and investors put aside worries over inflationary pressures and supply-chain issues.
Jefferies downgraded Johnson Matthey to ‘underperform’ from ‘buy’ on Thursday and cut the price target to 2,300p from 4,200p, saying it expects the shares to underperform as the company's automotive catalyst business remains weak.
Wall Street futures were trading higher ahead of the bell on Thursday as more major US banks report their quarterly earnings ahead of the Labor Department's jobless claims report later in the morning.
Convenience-focussed commercial property investor Capital & Regional said on Thursday that it has agreed with its lenders to restructure and reduce the debt secured over its four mall assets, including the launch of a fully underwritten open offer to raise £30m.
European stocks opened higher on Thursday as miners led the way and investors put aside worries over inflationary pressures and supply-chain issues.
Motor insurance underwriter Sabre Insurance Group reported gross written premiums of £126. 7m for the first nine months of the year on Thursday, down from £139. 2m year-on-year, as it flagged that full-year profit before tax would come in “moderately below” expectations.
Online estate agent Purplebricks said on Thursday that chief financial officer Andy Botha will step down at the end of the month.
A group of leading economic think tanks have cut their forecasts for German growth this year, as supply chain disruptions weigh heavily on the manufacturing sector.
Factory gate inflation soared in China last month, official data showed on Thursday, fuelled by record commodity prices.
London stocks were still firmly in the black by midday on Thursday as concerns about inflation eased, with miners pacing the advance.
Analysts at Berenberg raised their target price on utilities firm SSE from 1,300. 0p to 1,690. 0p on Thursday, citing more bullish long-term expectations for the group's renewables business.
Bingo hall and casino operator Rank on Thursday reported higher first-quarter revenue as punters returned to its venues after the lifting of Covid-19 restrictions.