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Hot weather, higher prices see retail footfall decline
A hot July and higher price tags saw Brits making less visits to shops last month, according to fresh industry data on Friday, with total UK retail footfall decreasing 14. 2% over the pre-Covid comparative period in 2019.
Friday preview: US non-farm payrolls, LSE Group in focus
All eyes at the end of the week will again turn to the US and the release of the monthly non-farm payrolls report, this time for July.
US close: Stocks mixed as more Q2 earnings roll in
Wall Street stocks turned in a mixed performance on Thursday after snapping a two-day losing streak in the previous session.
London close: Stocks maintain gains after BoE confirms big rate hike
London stocks managed a positive finish on Thursday, after the Bank of England announced its biggest rate hike in 27 years in a bid to tackle surging inflation.
FTSE 100 movers: Glencore rallies; Rolls-Royce retreats
London’s FTSE 100 was up 0. 1% at 7,445. 79 in afternoon trade on Thursday.
Director dealings: Robert Walters non-execs named in two transactions
Specialist recruiter Robert Walters disclosed two director buys on Thursday, with the first being the wife of non-executive director Matt Ashley.
Broker tips: Sage, Ergomed, Travis Perkins, Smith & Nephew
Analysts at Canaccord Genuity upgraded software firm Sage from 'hold' to 'buy' on Thursday, stating the group was "more resilient than you think".
Credit Suisse and Barclays lower target price on Smith&Nephew
Analysts at Credit Suisse lowered their target price for shares of Smith&Nephew after what they described as a "mixed" set of interim results.
US open: Stocks in the red as earnings continue to stream in
Wall Street stocks were in the red early on Thursday after major indices snapped a two-day losing streak in the previous session.
Glencore interims rise $10bn, to return $4.5bn to shareholders
Commodity trading and mining company Glencore posted a massive $10. 3bn rise in interim core profits on the back of record prices for coal and gas and said it would return $4. 5bn to shareholders.
FTSE 250 movers: Centamin shines, Morgan Sindall slips
The FTSE 250 was up 0. 60% at 20,139. 57 at 1449 BST.
US foreign trade deficit falls a bit more than expected in June
America's shortfall on trade with the rest of the world in goods and services shrank a bit more than expected in June amid a sharp jump in exports.
US initial claims come in higher than expected
Americans filed first-time jobless claims at an accelerated week-on-week clip in the seven days ended 30 July.
RBC Capital cuts Travis Perkins target price after Toolstation miss
RBC Capital Markets cut its price target on shares of Travis Perkins on Thursday following the company’s first-half results earlier in the week.
Supply issues continue hammering UK new car registrations
UK new car registrations fell further in July amid ongoing supply issues, with the Society of Motor Manufacturers and Traders reporting 9% fewer registrations year-on-year, to 112,162 units.
Canaccord Genuity upgrades Sage to 'buy'
Analysts at Canaccord Genuity upgraded software firm Sage from 'hold' to 'buy' on Thursday, stating the group was "more resilient than you think".
The Gym Group records 'strong' first half recovery
Fitness centre operator The Gym Group reported a “strong” financial recovery in its first half on Thursday, with group adjusted EBITDA less normalised rent swinging to £17m from a loss of £8. 1m year-on-year.
Bitcoin flirts with the 200-session moving average despite hacks
During the last few sessions, Bitcoin fluctuated at around $23,000, moving in a narrow range between $22,600 and $23,500, in round numbers. Trading in the rest of the cryptographic tokens is similar, with slight movements for Ether and other 'altcoins', while the total capitalization not able to consolidate the $1,1 trillion. All in all, this behavior is a sign of strength, experts believe, given the recent negative news that is once again shaking digital tokens.
Bank of England makes biggest rate hike since 1995
The Bank of England announced its biggest rate hike on Thursday since 1995 in the face of surging inflation, as it warned of a long recession.
Europe midday: Shares up as BoE lifts interest rates to 1,75%
European stocks made gains at midday on Thursday despite the biggest rise in UK interest rates since 1995, and growing tensions between the US and China.