Market Report
Mayan sees full-year loss increase on Mexico impairments
Mayan Energy reported increased full-year losses as a result of impairments against the value of its US-based and its investment at Shoats Creek, Mexico.
US close: Tech stocks lead another wide slide
Markets in the US finished in the red on Thursday, with a number of New York’s big tech stocks dragging the benchmarks down.
Europe close: Rising bond yields dent stocks, technology and defensives fall most
The advance in European equities buckled as investors continued to push government bond yields higher on the back of recent more hawkish comments from top officials at various central banks around the world.
FX round-up: Sterling continues hawk-inspired run higher
Sterling continued its hawk-inspired run higher against a basket of currencies and in particular against the US dollar.
London close: FTSE 100 lower as sterling gains on rate-hike expectations
London stocks got off to a positive start but a firming sterling on higher UK rate-rise expectations and ex-dividend companies ultimately turned the market south.
Commodities: Crude ahead towards end-Q2 as traders reckon sell-off over-done
Crude oil futures are rising towards the end of the second quarter, with more than a few traders reckoning the black liquid's sell-off might have been over-done.
Supergroup posts FY profit rise early after employee theft
Supergroup has been forced to release some highlights from its preliminary results for the year to 29 April as an external party may have had sight of a draft of the numbers following a random theft from an employee.
Utilitywise takes financial hit due to energy under-consumption
Independent utility cost management consultancy Utilitywise announced on Thursday that it had been made aware of “apparent material levels of under-consumption” in certain contracts placed with one of the major energy companies dealt with by the group.
Wey Education launching online language school
Educational services provider Wey Education announced on Thursday that it was planning to expand its activities by opening an online language school using the IT platform newly developed for its mainstream online schools business, in September.
FTSE 250 movers: DS Smith rallies on acquisition; JD Sports out of fashion
London's FTSE 250 was down 0. 8% to 19,312. 45 in afternoon trade.
FTSE 100 movers: Banks and miners rally; Micro Focus hit by CS note
London's FTSE 100 was down 0. 4% to 7,359. 69 in afternoon trade.
Sky/21st Century deal likely to be referred for full investigation
Broadcaster Sky's £11. 7bn takeover by 21st Century Fox will likely be referred to the Competition and Markets Authority for a full investigation.
Petro Matad clinches financing deal, prepares drilling campaign
Petro Matad, a company focused on oil exploration and the first Mongolian-owned firm to be listed on AIM, reported an improved cash position and that it had secured future financing.
Sector movers: HSBC lead banks higher after US unit passes stress tests
Banks pushed higher, tracking gains in their North American peers overnight on the heels of the latest US central bank stress test results and as government bond yields around the world continued their march higher.
Walgreens ditches Rite Aid acquisition
Walgreens Boots Alliance has ditched plans to buy rival Rite Aid, agreeing instead to buy 2,186 stores from the company and three distribution centres and related inventory for $5. 2bn in cash.
Ilika granted three US patents
Solid-state battery technology and materials developer Ilika announced the grant of three patents covering catalysts for hydrogen fuel cells in the US on Thursday.
Initial US weekly jobless claims edge higher
Layoffs in the US continued to hold at record low levels last week, the latest set of official weekly figures revealed.
German CPI inflation defies forecasts for a fall in June
Inflation in Germany defied forecasts that it would retreat in June.
Brazil falls into deflation in June, paving way for central bank rate cuts
Brazil sank into deflation in June for the first time since 2010 amid broad price declines driven by favourable weather, lower energy costs and weak domestic demand, possibly opening the door to further central bank interest rate cuts.
New strategy boosts Anpario as chairman steps down
Investors in international producer and distributor of natural feed additives for animal health, Anpario, were gathering for the company’s annual general meeting on Thursday, with chairman Richard Rose confirming “strong” sales growth in the year to date.