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Sector movers: Drax powers gains in Electricity space
Electricity and Real Estate Investment Trusts paced gains in the stock market during the next to last trading of the first quarter.
Europe close: Stocks extend recent gains, eye Q1 highs
European shares extended gains on Thursday as traders apparently adopted a "no news is good news" approach to the latest round of banking misbehaviour and fashion chain H&M boosted sentiment with a surprise quarterly profit.
Ocado wins UK patent infringement suit brought by AutoStore
Online supermarket and technology company Ocado said on Thursday that it had "comprehensively won" a patent infringement suit brought by Norwegian warehouse robotics group AutoStore at the UK High Court.
Drax still committed to carbon capture project
Drax insisted on Thursday that it still plans to install carbon capture technology at its power plants even after the government rejected its plans to introduce the technology at a power plant in England.
M&C Saatchi appoints Zillah Byng-Thorne as chair
Advertising agency M&C Saatchi said on Thursday that it has appointed Zillah Byng-Thorne, the outgoing boss of media group Future, as its new chair.
Broker tips: Tritax Big Box, CMC Markets, iGas Energy
Berenberg upgraded Tritax Big Box to 'buy' from 'hold' and reiterated its 170. 0 target price on the stock on Thursday, citing valuation grounds.
Friday preview: US inflation data, China factory PMI, US banking statistics in focus
Financial markets' focus at the end of the first quarter was to be on key inflation data on either side of the Atlantic.
London close: Stocks rise despite some weak data
London stock markets closed in positive territory on Thursday, as investors processed the latest data releases from the US.
Great Western Mining reports progress in Nevada
Great Western Mining updated the market on its gold, silver, and copper exploration and development efforts in Nevada on Thursday, as it prepared for the start of drilling operations and the 2023 exploration programme in Mineral County.
Director dealings: Audioboom chairman snaps up shares
Audioboom revealed on Thursday that chairman Michael Tobin had acquired 5,554 ordinary shares in the AIM-listed podcast maker.
Headphone maker Zound to acquire Marshall Amplification
Swedish headphones producer Zound Industries announced the acquisition of Marshall Amplification on Thursday, to create the Marshall Group.
FTSE 100 movers: Ocado surges; Phoenix goes ex-div
London’s FTSE 100 was up 0. 7% at 7,616. 37 in afternoon trade on Thursday.
Trinity returns Brighton Marine well to production
Trinidad and Tobago-focussed Trinity Exploration & Production announced a number of operational updates on Thursday, reporting that the ABM-151 well in the Brighton Marine block, offshore the west coast of Trinidad, was returned to production on 21 March.
Ironveld describes 'transformative' first half
South African iron, vanadium and titanium developer Ironveld reported a “transformative” first half on Thursday, marked by the acquisition and refurbishment of the smelter facility at Rustenburg, which started in August last year.
Moonpig hails record Mother's Day performance, backs FY guidance
Online greeting cards and gift retailer Moonpig backed its full-year guidance on Thursday as it hailed a record Mother’s Day performance.
US open: Stocks trade higher following GDP data
Wall Street stocks were in the green early on Thursday as market participants digested fresh GDP and jobless claims data.
Ithaca Energy slams UK windfall tax as output, capex targets cut
North Sea oil and gas producer Ithaca Energy on Thursday lowered annual production and capital expenditure guidance, citing the UK government’s windfall tax, operational delays and lower volumes despite almost trebling profits in 2022.
US fourth-quarter GDP revised down
The US economy grew a touch less than previously estimated in the fourth quarter, according to data released on Thursday by the government.
US initial claims come in slightly higher than expected
Americans lined up for unemployment benefits at an accelerated pace in the seven days ended 25 March, according to the Labor Department.