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Berenberg initiates coverage on Ashtead Technology at 'buy'
Analysts at Berenberg initiated coverage on subsea equipment and solutions group Ashtead Technology at 'buy' on Thursday, branding the firm "a market leader in a thriving sector".
Friday preview: US consumer confidence, China CPI in focus
The market spotlight at the end of the week would continue to be on the US.
London close: FTSE 100 continues grind higher towards 8,000 points
London stocks were mixed on Thursday but the top-flight index continued to grind higher as investors sifted through corporate news, with Standard Chartered surging ahead on deal speculation.
Sector movers: Corporate and M&A news drives moves
London stocks finished the session on a mixed note, although corporate results and news on the mergers and acquisitions front saw the top-flight index hit a fresh record high.
Broker tips: Ashtead Technology, Next
Analysts at Berenberg initiated coverage on subsea equipment and solutions group Ashtead Technology at 'buy' on Thursday, branding the firm "a market leader in a thriving sector".
'Mystery suitor' interested in ITV, says Betaville
Broadcaster ITV is reportedly at the centre of a fresh round of takeover speculation, according to markets blog Betaville.
Deliveroo to axe 350 jobs
Food delivery company Deliveroo said on Thursday that it was planning to cut around 9% of its workforce, or 350 jobs, amid a slowdown in demand due to the cost-of-living crisis.
US open: Stocks higher following jobless claims data
Wall Street stocks were firmly in the green early on Thursday after registering heavy losses in the previous session.
Director dealings: Sage Group director makes share purchase
Sage Group revealed on Thursday that non-executive director Roisin Donnelly had acquired 10,000 ordinary shares in the FTSE 100-listed software group.
FTSE 100 movers: StanChart gains on deal speculation; Entain in the red
London’s FTSE 100 was up 0. 5% at 7,920. 90 in afternoon trade on Thursday.
US initial jobless claims rise by 13,000
Americans lined up for unemployment benefits at an accelerated clip in the seven days ended 4 February.
British American Tobacco posts jump in full-year sales led by New Category products
British American Tobacco posted a big increase in full-year sales and profits with the former driven by its New category products and foreign exchange tailwinds.
FTSE 250 movers: Watches of Switzerland not ticking; Darktrace deal pleases
FTSE 250: 20,351. 90, +0. 24% at 1440 GMT.
Redrow holds divi, scraps 2024 guidance: Sees better start to H2
UK house builder Redrow held its dividend as it reported a fall in interim profits and scrapped 2024 guidance, but noted that early indications for the rest of the year were better than expected.
Gfinity to raise £1.5m in placing, CEO to depart
Esports company Gfinity announced plans on Thursday to raise at least £1. 5m in an equity placing and subscription, and said that chief executive John Clarke will be stepping down.
Sunak to meet business leaders on Friday to discuss trade issues - report
Prime minister Rishi Sunak will reportedly hold talks on Friday with executives from some of the world’s biggest companies as he seeks fresh ideas to boost Britain’s economic prospects.
FRC head to chair HS2 - report
The chief executive of the Financial Reporting Council is being lined up as the next chair of the High Speed 2 rail link, it was reported on Thursday.
Liberum calls Next 'a clear winner'
Analysts at Liberum took a fresh look at retailer Next on Thursday, stating the firm was "a clear winner", with multiple macro and micro drivers.
Inflation 'guaranteed' to fall this year - Bank of England
The governor of the Bank of England has told lawmakers inflation has likely “turned a corner” and would continue falling throughout 2023.
US pre-open: Futures higher ahead of jobless claims data
Wall Street futures were firmly in the green ahead of the bell on Thursday after registering heavy losses in the previous session.