London stocks were steady in early trade on Thursday following weakness in the previous session, with gains in the housebuilding sector helping to offset heavy falls from the likes of Rolls-Royce and National Grid.
Rio Tinto announced on Thursday that it will start planning the wind-down of operations, and the eventual closure of, its New Zealand Aluminium Smelters (NZAS) operation, following its strategic review.
Office space provider Workspace said on Thursday that customer demand improved in the first quarter but that activity remains well below pre-Covid levels.
Building materials distributor Grafton Group posted a decline in revenue on Thursday due to the impact of the coronavirus but said trading in June was more resilient than expected.
Housebuilder Persimmon reported a drop in half-year revenues and completions on Thursday due to the coronavirus pandemic, but said demand since its reopening has been "positive".
London open The FTSE 100 is expected to open 23 points higher on Thursday, having closed down 0. 55% at 6,156. 16 on Wednesday.
London stocks were set to rise at the open on Thursday following losses in the previous session, despite ongoing fears about a rise in new coronavirus cases.
The negative impact of the coronavirus lockdown on Britain’s jobs market appears to have been greatest in May before a partial recovery in June, according to the Office for National Statistics (ONS). Both demand for and supply of labour were affected by lockdown restrictions, and the temporary closure of non-essential businesses caused demand for labour to fall, leading to fewer job vacancies, the ONS found, by studying job advert data from the online job search engine Adzuna.
Wall Street equities finished in positive territory on Wednesday following the sharp sell-off seen during the prior session.
Stocks in Europe failed to track gains across the Atlantic and finished lower.
London stocks finished in the red on Wednesday amid worries about a rise in coronavirus cases in the US and Australia, and as investors digested Chancellor Rishi Sunak’s £30bn plan to boost the UK economy.
Shore Capital downgraded Boohoo to 'sell' and said the company's share price did not reflect the risks created by allegations of mistreatment of workers in its supply chain.
Live Company Group revealed on Wednesday that chairman David Ciclitira had acquired 2. 05m ordinary shares in the AIM-listed children's entertainment and education brand.
PPHE Hotel Group confirmed on Wednesday that it was welcoming guests back to its hotels, following the launch of its 20-step 'Reassuring Moments' programme, alongside the Radisson Hotel Group.
Solo Oil updated the market on the disposal of its 28. 56% interest in the Ausable Reef gas assets in Ontario, Canada, to Levant Exploration and Production on Wednesday.
London’s FTSE 100 was down 0. 3% at 6,174. 00 in afternoon trade on Wednesday.
London’s FTSE 250 was down 0. 6% at 17,240. 97 in afternoon trade on Wednesday.
Wall Street trading got off to a positive start on Wednesday following the sharp sell-off seen during the prior session.
Analysts at Peel Hunt reiterated their 'Conviction Buy' recommendation for shares of PureTech Health following a $110. 0m funding round for its founded entity Vor Biopharma, arguing that the transaction validated its business model.
Top-ranked Spanish football team, FC Barcelona, will reportedly seek compensation from retail giant Nike after discovering a defect with new football kits.