Market Report
First Abu Dhabi Bank pressing ahead with offer for StanChart - report
Standard Chartered surged on Thursday following a report that First Abu Dhabi Bank is pressing ahead with a potential offer for the bank.
London open: Stocks gain as StanChart surges on bid speculation
London stocks rose in early trade on Thursday as investors sifted through corporate news, with Standard Chartered surging ahead on bid speculation.
Europe open: Shares up on German CPI; Sweden lifts rates to 3%
European stocks made a strong start to Thursday’s session as German inflation rose less than expected in January, providing a boost for hopes that the European Central Bank may be able to ease the pace of rate hikes, while Sweden lifted its benchmark rate to 3%.
Bellway delivers 'robust' H1 performance
Property developer Bellway said on Thursday that it has delivered a "robust first half performance", with record completions of 5,695 homes and a 1. 6% increase in average selling prices to £316,900.
Diversified Energy raises $163m to fund acquisition of US upstream assets
Diversified Energy said on Thursday that it raised around $163m (£134. 9m) in a placing to help fund the acquisition of upstream assets and related infrastructure in its Central Region from Tanos for $250m.
London pre-open: Stocks seen up despite uninspiring US, Asian sessions
London stocks were set to rise at the open on Thursday despite uninspiring US and Asian sessions.
Compass Q1 organic revenues up, AstraZeneca FY earnings in line
London pre-open The FTSE 100 was being called to open 20. 7 points higher ahead of the bell on Thursday after wrapping up the previous session 0. 26% firmer at 7,885. 17.
Thursday newspaper round-up: Twitter, Disney, Siemens
Twitter users were unable to post instantly on the website for almost an hour, in the latest outage to hit the social media platform since billionaire Elon Musk’s $44bn takeover. From around 10pm GMT on Wednesday, users attempting to tweet were informed by the platform they had hit their daily limit – despite many of them reporting having not tweeted at all that day. – Guardian.
Compass organic revenues grow in Q1
Foodservice company Compass Group said on Thursday that organic revenues had grown 24% in the first quarter and stated it was "excited" about the "significant growth potential" across its markets.
US close: Stocks lower as traders digest earnings and Fed commentary
Wall Street stocks were in the red at the end of trading on Wednesday as market participants digested comments from central bankers and thumbed over more corporate earnings.