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Thursday newspaper round-up: Samsung, ISAs, British car production
The impact of Brexit on the UK economy will be worse than that caused by the pandemic, according to the chairman of the UK fiscal watchdog. Richard Hughes said the Office for Budget Responsibility (OBR) had assumed leaving the EU would “reduce our long run GDP by around 4%”, adding in comments to the BBC: “We think that the effect of the pandemic will reduce that (GDP) output by a further 2%. ” - Guardian .
Summerway to buy medicinal cannabis group Vertigrow
Summerway Capital has agreed to buy Vertigrow Technology, a medicinal cannabis producer, for £80m to take the business public and expand it.
US GDP growth slows more sharply than expected in the third quarter
US economic growth slowed more sharply than anticipated over the three months ending in September, preliminary data showed.
Independent retailers help stem rise in empty stores - BRC
Empty UK stores remained at a record high in the third quarter but vacancies did not rise for the first time in more than three years as independent retailers revived, an industry survey showed.
Europe close: Stocks rise following relatively dovish outcome to ECB meeting
European stocks finished mostly higher on Thursday as investors reacted to the relatively dovish outcome of the European Central Bank's latest policy meeting and digested a mixed slew of corporate earnings.
US close: Street finishes green as the earnings keep coming
Wall Street stocks finished in the green on Thursday, as traders digested some key data points and more corporate earnings.
ECB leaves rates unchanged as expected
The European Central Bank left key interest rates unchanged on Thursday, as it said the pace of asset purchases under its Pandemic Emergency Purchase Programme (PEPP) would be "moderately lower".
London close: Stocks mixed after ECB announcement, US GDP reading
London stocks closed in a mixed state on Thursday, after a session that saw investors sifting through a slew of earnings, as well as the latest policy announcement from the European Central Bank and the third-quarter GDP reading out of the United States.
Broker tips: Loungers, Easyjet
Analysts at Berenberg raised their target price on bar and restaurant operator Loungers from 350. 0p to 390. 0p on Thursday, stating the group was going from "strength to strength".
Director dealings: Strix director makes share purchase
Strix Group revealed on Thursday that non-executive director Mark Kirkland had acquired 8,710 ordinary shares in the AIM-listed kettle safety controls supplier.
Chariot inks initial deal with 'leading' energy group
Africa-focussed transitional energy company Chariot has signed a memorandum of understanding with a “leading” international energy group, it announced on Thursday.
Putin tells Gazprom to begin refilling its European natural gas storage sites
Russia's energy minister ordered the country's state-owned gas giant to increase shipments to its storage facilities in Europe.
FTSE 250 movers: Airtel Africa surges on results; Travis Perkins falls
London’s FTSE 250 was up 0. 2% at 23,210. 52 in afternoon trade on Thursday.
Equals Group completes 'material transaction' for large client
Fintech payments company Equals Group has completed a material international payments transaction for a large corporate client, it announced on Thursday, that would contribute around £1. 5m to group revenues in the current financial year.
US open: Stocks trade higher following preliminary GDP reading, jobless claims
Wall Street stocks traded higher early on Thursday as traders digested some key data points and more corporate earnings.
FTSE 100 movers: Shell gushes lower; WPP rallies on guidance upgrade
London’s FTSE 100 was down 0. 2% at 7,235. 90 in afternoon trade on Thursday.
'High chance' BoE will hike rates next week, says Capital Economics
There’s a "high chance" the Bank of England will raise interest rates at next week’s meeting, Capital Economics said on Thursday, adding that it will be "fast out of the blocks but won’t go the distance".
Fox Marble to provide processed marble to Kosovo project
Marble production company Fox Marble has signed a new contract to provide processed marble to a project in Kosovo, it announced on Thursday.
CMA proceeding with probe into Pennon acquisition of Bristol Water
The Competition and Markets Authority gave notice on Thursday that it has sufficient information on the completed acquisition of Bristol Water by Pennon Group to enable it to begin an investigation.
Jobless claims fall to another fresh pandemic-era low
Americans applied for unemployment benefits at a slower pace last week, indicating that the US job market and economy were continuing to recover from the coronavirus-induced recession.