Latest News
Broker tips: AJ Bell, Informa
Berenberg downgraded its stance on shares of trading platform AJ Bell to ‘sell’ from ‘hold’ on Thursday, slashing the price target to 280p from 370p.
NY Fed kicks into 'emergency mode', analysts see 'QE4'
The Federal Reserve Bank of New York announced that it would expand its programme of daily securities purchases "across a range of maturities", alongside $1. 5trn of emergency liquidity injections, in what traders said marked the start of the US central bank's fourth round of quantitative easing.
Amazon offers unlimited sick days to prevent coronavirus spread
Amazon employees are now allowed to take unlimited sick days this month but will only receive sick pay if they test positive for the Covid-19 virus.
JP Morgan downgrades Shell to 'neutral' on vulnerability to demand risks
Analysts at JP Morgan downgraded their recommendation for shares of Royal Dutch Shell 's B shares from 'overweight' to 'neutral' on the back of the recent "breakdown" in relations among OPEC+ members that had resulted in a crude oil price crash.
Friday preview: 'Fiscal bazookas', Berkeley Group in focus
The focus at the end of the week will be on financial markets themselves and any headlines around expected policy measures on both sides of the Atlantic.
Europe close: Stock markets suffer worst daily loss on record
Europe's main stock market gauges crashed on Thursday after the European Central Bank's latest policy decision wrong-footed some analysts and following a surprise temporary ban by Washington on travel from European Schengen-area countries that sent travel and leisure stocks hurtling lower.
FTSE 250 movers: Finablr crashes, Premier Oil against the ropes
London's second-tier index finished 9. 35% or 1,621. 81 points lower at 15,717. 42 with the benchmark gauge's most financially-strapped companies pacing losses, including Finablr and Premier Oil.
C&C sees earnings above forecasts
Drinks group C&C said it expected full year earnings before interest and tax to be marginally ahead of estimates.
Director dealings: Coats chairman ups stake
Coats Group revealed on Thursday that chairman Michael Clasper had purchased 200,000 ordinary shares in the FTSE 250-listed sewing thread and supplies manufacturer.
London close: FTSE 100 suffers worst day in 33 years
London’s benchmark suffered its biggest one-day loss since 1987 on Thursday, after an exceedingly red day in equities, as concerns around the Covid-19 coronavirus pandemic reached boiling point.
Burford Capital blames coronavirus as it delays results
AIM-listed litigation and risk management company Burford Capital said on Thursday that it was delaying the release of its financial results due to the coronavirus outbreak.
Expansion into Northern Ireland a focus for eEnergy
Energy efficiency service provider eEnergy Group updated the market on the progress of its operations in Ireland, including its first expansion into Northern Ireland, on Thursday.
Arrow Global reports record investment volumes in 2019
Arrow Global Group reported record investment volumes of £303. 7m in its full-year results on Thursday, with investment volumes at a consistent 17% net internal rate of return.
CloudCall appoints Paul Clark as chief technology officer
Communications company CloudCall announced the immediate appointment of Paul Clark as its chief technology officer on Thursday.
Jarvis Securities sees profits rise after decent year
Jarvis Securities reported an 11% improvement in profit before tax in its final results on Thursday, to £4. 8m.
FTSE 100 movers: No gainers as FTSE crumbles, travel & leisure stocks sink
London’s FTSE 100 was down a whopping 9. 8% to 5,300. 07 in afternoon trade on Thursday, on track for its worst session since 1987 as global markets sold off amid worries about the coronavirus pandemic.
US open: Stocks tumble as trading briefly halted for second time this week
US stocks opened sharply lower on Thursday, with trading being briefly halted both ahead of and after the bell as fears around the potential economic fallout related to COVID-19 continued to weigh on investor sentiment.
JD Wetherspoon says weather is bigger factor than coronavirus
JD Wetherspoon said bad weather had affected trading more than the coronavirus outbreak as the pub chain reported rising sales in 2020.
Berenberg lowers target price on Informa over COVID-19 fears
Analysts at Berenberg lowered their target price on publishing firm Informa from 845. 0p to 635. 0p on Thursday, stating that COVID-19 had put the group "in the eye of the storm".
ECB keeps rates on hold, but announces QE and liquidity auctions
The European Central Bank kept all its main interest rates unchanged, a negative surprise for some analysts, but announced a raft of measures of new financing measures.
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