Market Report
Europe close: 'Dovish' ECB buoys investor sentiment
European shares finished higher yet again, driven by strong corporate earnings and optimism over economic recovery from the Covid pandemic and after the European Central Bank maintained a 'dovish' stance on policy at its latest policy meeting.
Broker tips: Volution, CMC Markets, EasyJet
Analysts at Liberum raised their target price on ventilation products supplier Volution from 377. 0p to 520. 0p on Thursday, citing ongoing momentum.
London close: Stocks mixed as ECB shifts guidance
London stocks closed in a mixed state on Thursday, as investors waded through a raft of corporate news and digested the latest policy announcement from the European Central Bank.
Director dealings: Puretech Health director raises stake
Puretech Health revealed on Thursday that director Bharatt Chowrira had acquired 25,000 ordinary shares in the FTSE 250-listed biotechnology company.
Darktrace plungs after shareholder loses appeal against extradition to US
Shares of Darktrace plunged following news that shareholder Michael Lynch had lost an appeal against extradition to the US on fraud charges.
Metal Tiger puts £0.29m into First Light Capital
Natural resources investor Metal Tiger has subscribed for 1. 25 million units in First Light Capital, a capital pool operating under the TSX Venture Exchange, at an issue price of 40 Canadian cents per unit, for a total consideration of CAD 0. 5m (£0. 29m), it announced on Thursday.
Serabi pleased with latest sampling from Sao Domingos
Brazil-focussed gold mining and development company Serabi Gold updated the market on exploration sampling and ongoing drilling from the São Domingos project on Thursday.
Good Energy board rejects firm Ecotricity takeover offer
Ecotricity Group made good on its announcement of a possible officer for Good Energy Group on Thursday, confirming the terms of a cash offer for the AIM-traded renewable energy company.
FTSE 250 movers: Morgan Sindall gains; Investec goes ex-div
London’s FTSE 250 was up 0. 7% at 22,708. 61in afternoon trade on Thursday.
Northcoders to float on AIM to support growth strategy
Northcoders is preparing to float on the London Stock Exchange's junior market following a placing of shares to support its growth plans.
GSK appoints McNamara as CEO designate of consumer healthcare company
GlaxoSmithKline has appointed Brian McNamara, the chief executive of its consumer healthcare division, as CEO designate of the new, listed consumer healthcare company that will be spun off from the group next year.
US open: Stocks mixed as investors digest a surprise uptick in weekly jobless claims
Wall Street trading got off to a mixed start on Thursday as market participants digested a surprise increase in weekly jobless claims.
FTSE 100 movers: Flutter boosted by upgrade; Unilever slumps
London’s FTSE 100 was down 0. 4% at 6,969. 97 in afternoon trade on Thursday.
Barclays on outlook for Treasury yields
Economists at Barclays Research think longer-term US Treasury note yields will head back higher in the back half of 2021, although they also thought that financial markets were right in judging inflationary risks to be 'transitory'.
US home sales grow at a moderate pace in June
US home sales bounced back in June following four consecutive monthly declines, however the pace was moderate as higher prices and low inventory continued to weigh on the property market.
Texas Instruments' disappointing guidance offsets solid Q2 performance
Semiconductor outfit Texas Instruments issued revenue guidance that disappointed investors overnight on Wednesday, with concerns that the Covid-19 fuelled demand for chips would be short-lived offsetting a strong second quarter performance.
Asia report: Stocks rise across region, BHP strikes deal with Tesla
Markets in Asia closed in positive territory on Thursday, led by Hong Kong’s bourse, as BHP surged ahead in Sydney on the back of a new deal with Tesla.
US pre-open: Futures trade higher ahead as bond yields stabilise
Wall Street futures were pointing to another positive session for stocks as market participants continued to eye bond yields and corporate earnings.
US jobless claims jump as automakers retool
First time unemployment claims in the US bounced back unexpectedly during the previous week, pushed higher by the annual retooling of automakers.
3i Infrastructure says strategic review of Oystercatcher at 'advanced stage'
3i Infrastructure said on Thursday that the strategic review of Oystercatcher's European terminals in Amsterdam, Terneuzen, Ghent and Malta has reached an "advanced stage".