Market Report
Europe close: Stocks advance on heels of US Fed rate cut
European stocks were on Thursday as investors digested the impact the Fed's latest rate cut and the Bank of England held its own rates steady.
Canaccord upgrades Petropavlovsk to 'buy'
Analysts at Canaccord Genuity upped their stance on London-based gold mining company Petropavlovsk from 'speculative buy' to 'buy' on Thursday, stating that some increased clarity had given it the confidence to upgrade.
London close: Stocks edge up as BoE stays put and Fed cuts
London stocks made small gains on Thursday as the Bank of England stood pat on interest rates and the US Federal Reserve cut them further.
FTSE 250 movers: IG Group climbs, Dunelm drops
London's FTSE 250 was 0. 15% higher at 20,083. 88 in afternoon trade on Thursday, with IG Group leading the index higher.
Director dealings: Motorpoint co-founder cashes out
Motorpoint revealed on Thursday that co-founder David Shelton had cashed out his remaining stake in the London-listed car retailer.
Broker tips: Ferguson, Centrica, Petropavlovsk
RBC Capital Markets downgraded shares of plumbing merchant Ferguson to 'underperform' from 'sector perform' on Thursday, trimming the price target to 5,100p from 5,200p on short-term caution.
Bank of England stands pat on rates, warns over Brexit delay
The Bank of England stood pat on interest rates on Thursday, as widely expected, as it warned over the impact of slowing growth and Brexit uncertainty.
Just Group makes David Richardson permanent CEO
Retirement products company Just Group said on Thursday that interim chief executive officer David Richardson will take on the role on a permanent basis with immediate effect.
Kier swings to £245m loss, chairman to retire
Construction and services company Kier said on Thursday that it swung to a full-year loss as it announced the retirement of chairman Philip Cox.
KPMG to cut hundreds of UK jobs
KPMG UK plans to make redundant about a third of its 630 administrative assistants in a wave of cost-cutting.
US open: Stocks go green as trade talks commence in Washington
US stocks turned green on Thursday as investors continued to react to the Federal Reserve's latest policy announcement and got hopeful about trade talks between US and Chinese officials in Washington.
Climate crisis 'most important issue' for public, poll reveals
A survey commissioned by Hope not Hate revealed that the majority of the public recognise the climate crisis as an “emergency” and say politicians are failing to tackle the problem.
OECD predicts slowest global growth since GFC
Global economic growth is at risk of entering a new, lasting low growth phase if governments remain on the sidelines, according to the Organization for Economic Cooperation and Development.
GAN inks deal with US gambling operator Jack Entertainment
Gambling software provider GAN announced a new agreement with JACK Entertainment on Thursday, which it said had chosen it as their platform to support sports wagering and online casino gaming, should enabling legislation and corresponding regulatory approvals come to pass in the jurisdictions where it operates.
US existing home sales rise more than expected in August
Sales of US existing homes rose more than expected in August, according to data from the National Association of Realtors.
Velocys secures two deals with Japan's Toyo Engineering Corporation
Velocys announced on Thursday that it has secured a purchase order and technical service agreements with Toyo Engineering Corporation for the use of its technology in a publicly-funded demonstration facility in Nagoya, Japan, as well as an advanced deposit for the use of the technology by Toyo in a subsequent commercial plant.
FTSE 100 movers: Next retreats after results; IAG flies higher
London's FTSE 100 was up 0. 6% at 7,358. 75 in afternoon trade on Thursday as investors mulled the latest policy announcement from the Bank of England.
GYG names Kevin McNair as permanent CFO
Superyacht specialist GYG made Kevin McNair's appointment to the role of chief financial officer permanent on Thursday, effective immediately.
Petrofac to sell Mexican operations for up to $276m
Petrofac on Thursday agreed to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International for up to $276m.
US Navy confirm UFO footage is real
The US Navy has confirmed that footage of unidentified flying objects flying through the sky are the real thing.