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Private sector activity plunges at record levels - CBI
UK private sector activity tumbled at a record pace in April, research published on Friday showed, as stringent measures introduced to tackle the Covid-19 pandemic took their toll.
US close: Stocks close lower as jobless numbers continue to surge
US stocks closed lower on Thursday as market participants digested more dismal economic data.
Director dealings: Anglo Pacific directors up stakes
Anglo Pacific revealed on Thursday that non-executive director Jim Rutherford had acquired 25,000 ordinary shares in the London-listed natural resources firm.
Shell cuts dividend for first time in 80 years as profit plunges
Royal Dutch Shell slashed its dividend for the first time since 1945, saying it was “imprudent” to maintain payouts as the coronavirus levels devastated oil demand and prices.
London close: Stocks close lower after Shell slashes dividend
London stocks were lower by midday on Thursday, with oil giant Shell pacing the decline as it cut its dividend for the first time in 80 years, while the US employment market booked another week of deterioration.
Broker tips: Plus500, Mitchells & Butlers, AstraZeneca
Analysts at Berenberg upped their target price on online trading business Plus500 from 1,033. 0p to 1,120. 0p on Thursday, stating the group had continued to recent tumultuous conditions across financial markets.
Outsized falls in US personal income and spending in March
Personal income and spending in the US fell much more quickly than expected last month as the impact of the Covid-19 pandemic began to spread across the country.
Airbus share decline 'too dramatic' UBS says
The fall in Airbus's shares is "too dramatic" given the aerospace company's strong products and ability to weather the turbulence caused by Covid-19, UBS analysts said.
Chicago PMI slides past forecasts in April
A key manufacturing sector gauge for the Chicago area fell more sharply than expected in April, plumbing its lowest level since the trough of the Great Financial Crisis in March 2009.
Appreciate Group ends year 'broadly' in line with forecasts
Multi-retailer redemption product provider Appreciate Group updated the market on its financial year ended 31 March on Thursday, reporting that results were “broadly in line” with its expectations.
FTSE 250 movers: Marston's fizzes higher; Network Intl drops
London’s FTSE 250 was down 2. 1% at 16,476. 15 in afternoon trade on Thursday.
US open: Stocks turn red as jobless claims surge again
US stocks opened mostly lower on Thursday as market participants digested more dismal economic data.
Credit Suisse ups AstraZeneca price target on lung cancer drug
Credit Suisse raised its target price for AstraZeneca to reflect the potential of the FTSE 100 company's Tagrisso lung cancer treatment.
Europe midday: Oil majors' and lenders shares pummeled despite ECB call to action
European stocks were trading on the back foot on Thursday afternoon even after the European Central Bank reiterated that it was open to increasing its emergency bond buying programme and amid conspicuous weakness in the oil patch.
European Metals Holdings upbeat on permit grant at Cinovec
European Metals Holdings said on Thursday that the Czech Ministry of the Environment has granted Geomet the preliminary mining permit related to the Northwestern part of the Cinovec deposit.
Berenberg raises target on Plus500
Analysts at Berenberg upped their target price on online trading business Plus500 from 1,033. 0p to 1,120. 0p on Thursday, stating the group had continued to recent tumultuous conditions across financial markets.
FTSE 100 movers: Shell slides after dividend cut; Flutter rallies
London’s FTSE 100 was down 2. 6% at 5,957. 87 in afternoon trade on Thursday.
Conroy Gold shares rise on new gold outcrop discovery
Exploration and development company Conroy Gold and Natural Resources announced the discovery of a new gold mineralised outcrop on its Glenish gold target in the Longford - Down gold trend discovery on Thursday.
British Airways to cut a quarter of pilots - report
British Airways has warned its pilots that more than a quarter of them will lose their jobs because of the Covid-19 crisis, a report said.
Zoom admits it does not have 300m daily users
Zoom confirmed on Thursday that it does not have 300m daily active users and said it had previously “unintentionally” referred to daily meeting participants.
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