Shares in Renishaw slumped as the engineering group cautioned that full-year results would come in below previous guidance.
London stocks edged higher in early trade on Thursday, with mining and precious metals companies lending support as investors digested a dovish policy announcement from the Federal Reserve, looked ahead to the latest announcement from the Bank of England and mulled overnight Brexit events.
Energean Oil & Gas reported a decent rise in its sales revenue in the 2018 financial year on Thursday, with the figure ending the year at $90. 3m, compared to $57. 8m a year earlier.
Fashion brand Ted Baker reported a 26. 1% drop in annual profit on Thursday following a "difficult" year in which it was hit by a "forced hugging" scandal that culminated in the resignation of founder and boss Ray Kelvin.
Civitas Social Housing has completed the purchase of 19 regulated social housing properties, comprising 266 tenancies, for a total consideration of around £73. 5m, it announced on Thursday.
Persimmon announced on Thursday that it would become the first major UK housebuilder to adopt a policy of providing a homebuyer's retention, by writing into its standard contract that 1. 5% of the total home value - equating to around 6% of the build fabric costs - could be withheld by the buyer's solicitor until any faults identified at the point of key release were resolved.
Safety, health and environmental technology company Halma updated the market on its trading since 1 October on Thursday, reporting “good progress” in the period.
London stocks looked set for a positive open on Thursday following a dovish policy announcement from the Federal Reserve, as investors eye the latest policy announcement from the Bank of England and any further Brexit-related headlines.
London open The FTSE 100 is expected to open three points higher on Thursday, having closed down 0. 45% at 7,291. 01 on Wednesday.
Oil rigs could soon be run on renewable energy and battery power under new plans to help the North Sea play its part in the energy transition. The industry’s regulator, the Oil and Gas Authority, is preparing to lead a new project to forge closer links between the oil producers and wind farm developers operating in UK waters. – Telegraph.
Wall Street's main market gauges were in a mixed state - albeit mostly lower - at the close on Wednesday, after the Federal Reserve took the prospect of another rate hike off the table for 2019.
The market spotlight will continue to be firmly on all things Brexit on Thursday, as the European Union leaders' summit kicks-off in Strasbourg.
Stocks on the Continent fell going into the US central bank's policy announcement on Wednesday evening, weighed down by very weak corporate updates coming from both sides of the Atlantic.
Google revealed that it will wade into the gaming market as it unveiled its Stadia digital platform on Tuesday, a device which the tech giant said will allow gamers to play without the need for discs or downloads.
London stocks dipped on Wednesday, with a drop in sterling unable to stem the selling as investors were suddenly faced with the prospect of further key votes in Parliament on Brexit as soon as the following week.
Wall Street's main stockmarket gauges were moving lower on Wednesday as investors opt to stay on the sidelines ahead of the latest policy announcement from the Federal Reserve.
London's FTSE 250 was 0. 49% lower at 19,455. 35 in afternoon trading on Wednesday, with Kier Group's tumble dragging the index lower.
Theresa May on Wednesday told the House of Commons that she is "not prepared to delay Brexit any further than the 30 June" but reports leaking from the European Union suggested otherwise.
London's FTSE 100 was down 0. 2% to 7,309. 28 in afternoon trade on Wednesday as investors grappled with a seemingly endless stream of Brexit-related headlines.
US crude oil inventories shrank sharply during the preceding week as exports and refinery activity picked up.