Market Report
US import prices jump in May on the back of dearer fuel purchases
Import prices in the States jumped last month, pushed higher by a sharp increase in the bill for fuel imports.
Europe midday: Stocks snap higher as ECB delivers dovish surprise
Stocks bounded higher on Thursday after the European Central Bank surprised markets by signalling that interest rates were very unlikely to head higher before September of 2019.
Diversified Gas & Oil to buy assets in Appalachian Basin for $575m
AIM-listed Diversified Gas & Oil has signed a non-binding letter of intent to buy a network of gas and oil producing assets in the Appalachian Basin in western Pennsylvania and eastern Ohio, for $575m in cash.
Progress 'satisfactory' on arms-length separation of BT and Openreach
Ofcom published its first progress report on the legal separation of Openreach from its parent company BT on Thursday, describing progress as “broadly satisfactory”.
Union asks Hunt to scrap new 'GP at Hand' NHS service
A number of GPs are reportedly in “revolt” over what they say is a serious financial threat from a new online service, which offers remote consultation by telephone and video chat to NHS patients.
British Land ups share buyback after selling 5 Broadgate
British Land extended its share buyback programme with an extra £200m to purchase its own shares in the current financial year after completing the £1bn sale of a City of London property.
Unilever's €150m Brazilian loss raises wider concerns for RBC
After Unilever warned that organic revenue growth in the first half of the year will be below the bottom end of its 3-5% medium-term guidance range, analysts at RBC Capital Markets said it indicated the company will find it tough to hit revenue and margins targets.
Hg to take majority stake in Denmark's IT Relation
Hg Capital has agreed to invest in IT Relation, a Danish supplier of managed IT services to small and medium sized enterprises, it announced on Thursday.
Reabold takes over Gaelic Resources in £3m deal
Reabold Resources announced the acquisition of 100% of Gaelic Resources on Thursday, for the issue of 420 million new ordinary shares representing £3. 045m.
Pantheon reassures shareholders after death of operator's principal
Oil and gas exploration company Pantheon Resources updated the market on Thursday, reporting that following the recent death of Bobby Gray - the principal of Vision Resources, which operates Pantheon's leases - operations across its acreage had continued without disruption.
US weekly unemployment claims remain at multi-decade lows
Initial US jobless claims drifted slightly lower last week, with secondary claims moving to fresh multi-decade lows.
Asia report: Region weaker after Fed rate hike
Markets in Asia were mostly in the red on Thursday, as traders digested the widely-expected hike in interest rates from the US Federal Reserve overnight, which came with signals they were looking at two more rises before year-end.
BHP Billiton to spend $2.9bn on South Flank project
BHP Billiton said on Thursday that it will spend $2. 9bn on the South Flank iron ore project in the central Pilbara region of Western Australia.
US will not lift sanctions on North Korea until 'complete denuclearisation'
US Secretary of State Mike Pompeo said in a conference in Seoul with his South Korean and Japanese counterparts on Thursday that the US would not lift economic sanctions on North Korea until the "complete denuclearisation" of the country.
Mothercare annual report fails to keep up with turbulence
Mothercare’s shareholders could face further confusion when they read the company’s annual report after a chaotic period at the mother and child retailer.
Magnolia Petroleum to sell 31 wells to tackle lending facility
Oil and gas production firm Magnolia Petroleum on Thursday signed a non-binding agreement for the sale of its 31 wells in North Dakota for a total consideration of $1. 5m.
Eland wraps up drilling at Opuama-9 well
AIM-quoted production and development company Eland Oil and Gas has successfully drilled and completed its Opuama-9 well in Nigeria.
Trans-Siberian Gold appoints new chief engineer
AIM-quoted mining firm Trans-Siberian Gold appointed Alexey Malevanov as chief engineer of the company's wholly-owned operating subsidiary ZAO Trevozhnoye Zarevo on Thursday, taking over the role held by Alexey Selyutin at the Asacha gold mine since 2010.
Petra Diamonds shares tumble following rights issue
Shares of independent diamond mining group Petra Diamonds tumbled on Thursday after 332. 82m rights issue shares with a nominal value of 10p each were admitted to trading to the premium listing segment of the London Stock Exchange's main market.
US pre-open: Stocks seen steady after hawkish Fed; retail sales eyed
US futures pointed to a steady open on Wall Street on Thursday following losses in the previous session after a hawkish update from the Federal Reserve.