THE MOST READ
US close: Major indices put on mixed performance following PPI data
Wall Street stocks put on a mixed performance on Thursday following the release of last month's producer price index.
Sector movers: Stocks slip as US price data provides little relief on this side of the Pond
London listed stocks underperformed most of their peers around the globe on Thursday despite the release of US producer price data showing the first negative monthly reading since April 2020 as energy prices fell back.
GSK, Haleon, Sanofi slump amid Zantac litigation woes
Shares in GlaxoSmithKline, Haleon and Sanofi tumbled on Thursday amid concerns about legal proceedings related to Glaxo’s former blockbuster heartburn drug Zantac.
London close: Ex-dividends weigh down afternoon trading
London stocks closed below the waterline on Thursday, with ex-dividend stocks remaining a drag through afternoon trading.
Europe close: Stocks little changed despite better-than-expected US price data
European shares finished on a mixed note on Thursday despite the release of better-than-expected producer price data for July on the other side of the Pond.
Director dealings: Non-exec's private equity firm buys more of Everyman
Shares in cinema operator Everyman Media Group jumped on Thursday, after it emerged a real estate and leisure-focussed private equity outfit bought another £0.3m of its shares.
Antofagasta profits fall on volatile copper price
Miner Antofagasta reported lower interim profits due to a volatile copper price, a drought in Chile and concentrate pipeline problems at its Los Pelambres operation.
Friday preview: US consumer confidence, UK GDP in focus
Investors' focus at the end of the week will remain focused on the US where another batch of inflation indicators are set for release.
FTSE 100 movers: Glaxo tumbles on litigation worries; Entain rallies
London’s FTSE 100 was down 0.5% at 7,471.41 in afternoon trade on Thursday.
FTSE 250 movers: Savills down on earnings, Network Intl up
The FTSE 250 was down 0.14% at 20,268.95 at 1445 BST.
London midday: Stocks edge lower as ex-divs weigh
London’s top flight index had edged lower by midday on Thursday, with ex-dividend stocks proving to be a drag.
Drax tumbles as Kwarteng questions sustainability of biomass fuel
Drax tumbled on Thursday after UK business secretary Kwasi Kwarteng said the company’s imports of US-made wood pellets to be burnt for energy wasn’t sustainable.
US pre-open: Futures higher ahead of PPI reading
Wall Street futures had stocks opening higher on Thursday ahead of the release of last month's producer price index.
US producer prices fall in July, led by energy costs
A fall in energy prices saw wholesale inflation in the US register its first outright fall since April 2020.
US initial jobless claims rise by 14,000
Americans lined up for unemployment benefits at a slightly accelerated pace in the week ended 6 August, according to the Labor Department.
Checkit revenue falls amid transition to recurring model
Operations management technology company Checkit said its annual recurring revenue was up 48% year-on-year in its first half on Thursday, to £10.2m, although total revenue fell.
Bitcoin faces $25,000 and Ethereum awaits key decision about 'The Merge'
The cryptocurrency market holds much of Wednesday's gains for the major tokens, in the heat of softer inflation in the US - 8.5% versus 9.1% previously - which boosted Bitcoin and Ethereum prices more than 4%. Gains are 7% for BTC in 24 hours and 12% for ETH, while total capitalization exceeds $1.16 trillion.
C4X raises £5.7m to support development activities
Drug discovery company C4X announced a proposed placing to raise up to £5.7m on Thursday, to support its corporate development and ongoing commercial activities.
US open: Stocks trade higher following July's PPI reading
Wall Street stocks opened higher on Thursday following the release of last month's producer price index.
Hurricane Energy's Lancaster field produces 258,000 barrels in July
Oil and gas producer Hurricane Energy said on Thursday provided an update on activities at its Lancaster field off the west coast of Shetland.
Revolution Beauty warns of 'material impact' of issues raised in audit
Revolution Beauty Group warned of a “material impact” on its 2022 accounts on Thursday, as a result of the ongoing audit.
London open: FTSE underperforms European peers as ex-divs weigh
London’s top flight index was just a smidgen higher in early trade on Thursday, underperforming its European peers as ex-dividend stocks weighed.
SDX Energy spuds exploration well at Morocco concession
SDX Energy announced the 6 August spudding of the SAK-1 exploration well on Thursday, at the Lalla Mimouna Sud concession in Morocco, where it has a 75% working interest.
Europe midday: Shares slip as low Rhine River levels hit German supplies
European shares edged into the red by midday on Thursday as fears of more shortages in the Continent's biggest economy hit shortages as low water levels on Germany's mighty Rhine river threatened traffic of vital goods such as oil, grain and coal.
Broker tips: Strix Group, Jupiter Fund Management
Analysts at Berenberg lowered their target price on kettle controls manufacturer Strix Group from 310.0p to 245.0p on Thursday but said the firm was "not of steam".