Market Report
US gross domestic product continued to expand in Q4, as expected
America's economy continued expanding at the tail-end of 2020 with economists anticipating that the rebound from the Covid-19 crisis was set to continue.
US jobless claims drop unexpectedly during latest week
The number of Americans filing for unemployment claims slipped again during the latest week.
Keywords lifts expectations for 2020 after strong finish to year
Video games technical and creative services provider Keywords Studios updated the market on its trading in 2020 on Thursday, saying it now expected revenue and adjusted profit before tax to be €373m and €55m respectively.
Accesso turns in solid Q4 performance, hikes FY revenue guidance
Technology company Accesso said on Thursday that the solid trading performance reported in its November update had continued through the remainder of 2020, particularly over the holiday period in North America.
UK competition watchdog opens probe into Facebook Giphy deal
UK’s competition watchdog on Thursday launched its initial investigation into Facebook acquisition of GIF website Giphy.
Electric carmaker Faraday Future to go public
Electric carmaker Faraday Future agreed to go public through a merger with Property Solutions Acquisition Corp in a deal valued at $3. 4bn, the company said on Thursday.
Avacta to collaborate with Bruker to assess Covid-19 test assay
Biotherapeutics company Avacta has entered into a collaboration agreement with Bruker Corporation, it announced on Thursday, to evaluate the Affimer-based, bead-assisted mass spectrometry SARS-CoV-2 assay that it developed with Adeptrix.
ITM Power losses widen as Covid-19 delays projects
Energy storage and clean fuel company ITM Power reported a 16% improvement in its total income for its first half on Thursday, to £4. 4m.
GB Group taps Aveva's David Ward for CFO role
GB Group announced the appointment of David Mathew Ward to its board as its new chief financial officer on Thursday, replacing Dave John Wilson, who was stepping down from the board and retiring as CFO and chief operating officer after 12 years.
Proton Motor Power converts loan interest to shares
Fuel cell and electric hybrid system developer Proton Motor Power said on Thursday that Falih Nahab has requested the conversion of part of the interest matured on loans provided by him into 42 million ordinary shares.
Greatland Gold reports further 'excellent' results from Havieron
Precious and base metals exploration and development company Greatland Gold reported further “excellent” results from Newcrest's drilling campaign at the Havieron deposit in the Paterson region of Western Australia on Thursday.
US pre-open: Futures mixed following worst sell-off since October
Wall Street futures were mixed ahead of the bell on Thursday following a heavy sell-off in the previous session.
London midday: Stocks in the red; Prudential slumps on capital raise plans
London stocks were still in the red by midday on Thursday as worries about the Covid-19 pandemic and the vaccine rollout dented sentiment.
Europe midday: Shares pare back morning losses, but still lower
European shares pared back losses at lunchtime on Thursday after a sharp sell-off on Wall Street as investors continued to fret about more contagious variants of the coronavirus.
Musk says Tesla Semi ready for production; Flags battery cell shortage
Tesla chief executive Elon Musk said engineering work on the company's Semi truck was complete and it was ready for production, but added that the lack of battery cells was still an issue.
RBG Holdings sees FY revenues and EBITDA ahead of expectations
Professional services firm RBG Holdings said on Thursday that both full-year revenues and underlying earnings were expected to exceed analyst expectations.
Asia report: Markets fall on back of Wall Street losses
Markets in Asia were lower across the board on Thursday, following Wall Street’s lead, as bourses in the US plunged overnight.
Tribal Group annual recurring revenues on the rise
Software and services firm Tribal reported a strong full-year sales performance on Thursday, resulting in annual recurring revenues increasing 12% to £47. 5m.
Mitie Q3 revenues come in ahead of expectations
Facilities management firm Mitie said on Thursday that third-quarter organic revenues had come to £573. 9m, 6. 7% ahead of the same period last year.
Wizz Air swings to third-quarter loss amid Covid restrictions
Hungarian low-cost airline Wizz Air said on Thursday that it swung to a loss in the third quarter as revenues were dented by Covid-related restrictions.