Market Report
Strategic Minerals exchanges contracts for sale of CARE gold targets
Producing mineral company Strategic Minerals has now exchanged contracts for the sale of certain tenements identified as gold targets, currently owned by its wholly owned subsidiary Central Australian Rare Earths (CARE) to ASX-listed Great Southern Mining (GSN), it announced on Thursday.
Sector movers: Miners boosted as metals firm, electricity remains off
London's equity benchmarks were little moved on Thursday afternoon, with mining and industrial gains cancelled out .
Jobless claims drop to lowest level since December 1969
The number of Americans filing for unemployment benefits unexpectedly dropped last week, according to data from the Labor Department.
Hurricane Energy makes good progress at Lancaster Field
UK-based oil and gas company Hurricane Energy updated the market on its operations on the early production system development of the Lancaster Field on Thursday, reporting that the installation of subsea umbilical, risers and flowlines (SURF) had been successfully completed.
Ideagen eyes £20m placing to fund further acquisitions
Ideagen announced its intention to raise £20m in order to fund further acquisitions by way of a conditional placing on Thursday.
Anglo Asian Mining to carry out airborne survey over Gedabek
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining announced plans to carry out an airborne geophysical survey over the entire Gedabek contract area on Thursday, to identify additional gold and copper mineralised occurrences and generate future drill targets.
US August CPI undershoots forecasts
The rate of gains in US consumer prices slowed last month, as medical commodities and services prices dipped.
Europe midday: Shares rise as Turkey's central bank hikes rates, Washington seeks talks
Stocks on the Continent are making fresh gains, buoyed by a more aggressive than expected interest rate hike by Turkey's central bank and on the back of news that Washington was making an effort to reach out to Chinese authorities to try and defuse their trade disputes.
IQE supported by Apple facial recognition, Canaccord sees more to come
After Apple launched its new iPhone XS and XR range, there were positive implications for UK-listed semiconductor wafer maker IQE.
Smiths Group abandons talks with ICU Medical
Engineer Smiths Group said on Thursday that it has ended talks about combining its medical business with US-based ICU Medical after the two failed to agree terms.
ECB stands pat, focus shifts to Draghi's press conference
The European Central Bank's governing council decided to stay put on interest rates and asset purchases on Thursday, as expected by economists, and continued to signal that interest rates would remain steady at least through the summer of 2019.
Creo sees first use of Speedboat device in Africa
Creo Medical has witnessed the first successful use of its Speedboat endoscopic advanced energy device in South Africa.
BoE stays put, says uncertainty around EM, trade and Brexit have increased
Rate-setters at the Old Lady on Threadneedle Street were unanimous in their decision to keep Bank Rate unchanged on Wednesday.
US pre-open: Stocks to edge up ahead of inflation data; Kroger drops on Q2
US stocks looked set for a positive open on Thursday as investors welcomed the latest developments between the US and China and eyed a reading on inflation.
Takada eyeing potential Shire asset sales to pay down debt
Takeda Pharmaceutical may try and sell Shire's dry-eye drug once it completes the $62bn takeover purchase of the UK-listed biotech, according to a report on Thursday.
Asia report: Markets higher as US opens door to further talks with China
Markets in Asia finished their sessions in mostly positive territory on Thursday, after reports that Washington was prepared to go another round of trade negotiations with Beijing amid the threat of possible World Trade Organisation sanctions.
London midday: Stocks edge lower as BoE stands pat; retailers in focus
London stocks had fallen into the red by midday on Thursday amid weakness in the retail sector, as the Bank of England stood pat on policy as expected.
CPP acquires stake in Indian business process management firm Globiva
CPP has looked to expand its interest in India with a strategic investment in local business process management outfit Globiva.
RedT losses widen 'in line with management expectations'
RedT Energy saw losses widen in the six months leading to 30 June as the industrial energy storage outfit completed most of its scaling up for growth.
Sound Energy prepares for 'potentially transformational' drilling works
Sound Energy assured shareholders it was ready for a new and "potentially transformational" phase of drilling across its Moroccan assets.