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Informa pulls dividend, seeks £1bn in cash raising
Exhibitions group Informa pulled its its dividend and turned to investors for about £1bn in cash to help weather the impact of the coronavirus pandemic.
FTSE 250 movers: Avast gains after retaining final dividend, oilers slip again
Shares of Avast paced gains on the second-tier index with investors cheering the cyber-security software maker's decision to maintain its final dividend.
Director dealings: M&S director ups stake
Marks & Spencer revealed on Thursday that non-executive director Katie Bickerstaffe had acquired 20,000 ordinary shares in the FTSE 250-listed retailer.
Europe close: Stocks edge up as countries ease lockdowns slightly, short-selling banned
Stocks across the Continent finished mostly higher, helped by news that Germany was set to start slowly lifting some of its restrictions on the movement of people.
Friday preview: China activity data for March in focus
The market spotlight at the end of the week will shift back to Asia, where a slew of economic reports are scheduled for release.
London close: Stocks finish firmer after US jobless claims release
London stocks had recovered by the close on Thursday, as investors digested another week of huge US jobless figures, and continued to mull the economic fallout from the coronavirus pandemic.
Broker tips: C&C Group, Royal Bank of Scotland, JD Sports
Analysts at Berenberg slashed their target price on brewer C&C Group on Thursday but upped their rating on the group from 'sell' to 'hold'.
Altus Strategies prepares for economic assessment at Diba
Africa-focussed Altus Strategies has appointed independent consulting firm Mining Plus UK to update the historic resource and complete a preliminary economic assessment for an open pit oxide gold mine at its Diba project, it announced on Thursday.
SolGold makes progress with Alpala offtake plans
SolGold updated the market on expressions of interest it had received from leading commodity traders for the offtake of copper-gold-silver concentrate from its flagship Alpala project in Ecuador on Thursday.
Berenberg ups C&C Group to 'hold', lowers TP
Analysts at Berenberg slashed their target price on brewer C&C Group on Thursday but upped their rating on the group from 'sell' to 'hold'.
JD Sports shares no longer ‘compelling’, says RBC Capital
RBC Capital Markets downgraded JD Sports to ‘sector perform’ from ‘outperform’ on Thursday, cutting the price target to 570p from 600p, arguing that the shares were no longer "as compelling".
US housing starts fall by over a fifth in March
US homebuilders were walloped by the Covid-19 pandemic last month with a key gauge of activity in the sector retreating by over a fifth.
FTSE 100 movers: Evraz rallies; M&G goes ex-div
London’s FTSE 100 was up 0. 3% at 5,612. 61 in afternoon trade on Thursday.
ITM Power wins first-stage decarbonisation deployment project
Energy storage and clean fuel company ITM Power has won, along with partner Element Energy, a first-stage deployment project in the UK Government's Industrial Strategy Challenge Fund competition ‘Decarbonisation of Industrial Clusters’, it announced on Thursday.
Vast raises £0.6m as it looks to complete Chiadzwa joint venture
Mining company Vast Resources has raised £0. 6m before costs through a placing of 392,156,863 ordinary shares at a price of 0. 153p each, it announced on Thursday.
Walcom still waiting for desperately-needed director loan
Walcom updated the market on its working capital position on Thursday, confirming that its chief executive, Francis Chi, has still been unable to provide the proposed loan of HKD 1. 23m to its wholly-owned subsidiary Walcom Bio-Chemicals Industrial, as intended.
EasyJet shores up finances with new loans, cost savings
Budget airline easyJet said it had signed two new taking its liquidity to more than £3bn, as it said it could last nine months with its fleet grounded.
US open: Mixed start to trading following jobless data
Wall Street trading began on a mixed note on Thursday as market participants thumbed over some key jobs data and more earnings from some major US banks.
California launches $125 fund for undocumented immigrants
California has launched a $125m disaster relief fund for undocumented immigrants, governor Gavin Newsom said late on Wednesday.
Initial weekly US jobless claims continue to surge
Weekly US jobless claims continued to surge, in effect wiping out the gains in employment since the last financial crisis.
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