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Sberbank hails launch of first 'take and go' shop in Moscow
Sberbank hailed the successful launch of its pilot 'Take&Go' store, alongside retailer Azbuka Vkusa and Visa, at Moscow City's Federation Tower.
Europe close: Shares hammered as investors mull risk of slower recovery
Stocks were pummeled after the US Federal Reserve forecast a prolonged recovery the night before and on the back of rising Covid-19 case numbers in the States even as some investors fretted about a potential second wave in the pandemic.
Deutsche Bank ups targets for miners, positive on Chinese growth
Analysts at Deutsche Bank hiked their target prices for a raft of miners on Thursday, despite what it termed the "clear risks and uncertainties" around Covid-19 and the outlook for global demand.
London close: Travel stocks drag benchmark lower
London stocks closed well into the red on Thursday, as a downbeat outlook from the US Federal Reserve and concerns about a second wave of Covid-19 weighed on sentiment.
Director dealings: Kape Technologies director lowers stake
Kape Technologies revealed on Thursday that non-executive director Theodore Kim had disposed of 400,000 shares in the AIM-listed digital security and privacy software business.
Broker tips: Hummingbird Resources, Hurricane Energy
Analysts at Berenberg reiterated their 'buy' rating on precious metals outfit Hummingbird Resources on Thursday, stating the firm's acquisition of the Kouroussa gold project in Guinea brought further diversification.
Berenberg reiterates 'buy' rating on Hummingbird Resources
Analysts at Berenberg reiterated their 'buy' rating on precious metals outfit Hummingbird Resources on Thursday, stating the firm's acquisition of the Kouroussa gold project in Guinea brought further diversification.
US wholesale inflation continues to move lower in May
Factory gate inflation in the States surprised to the upside last month, boosted by increases in the cost of food and energy, but the underlying trend continued to point downwards.
Inspiration Healthcare awarded grant towards cost of trials
Medical technology company Inspiration Healthcare Group announced on Thursday that ‘Project Wave’, which is developing a novel technology for a respiratory device designed to be used in neonatal intensive care, has been awarded a grant towards the cost of trials.
UK job cuts mount as Covid-19 takes its toll
UK job losses continued to mount in their thousands on Thursday as Centrica, Johnson Matthey and Bombardier became the latest companies to announce large reductions to their workforces in the Covid-19 crisis.
US open: Stocks tumble amid fears around second wave of coronavirus infections
Wall Street stocks opened sharply lower on Thursday amid an increased number of new Covid-19 cases in states emerging from lockdowns.
Cohort subsidiary wins air base protection contract
Independent technology group Cohort said on Thursday that its wholly-owned subsidiary Chess Dynamics has been awarded a €7. 5m (£6. 72m) contract for its ‘Air Guard Counter-Unmanned Aerial Systems’ (C-UAS).
Le Pain Quotidien to close 10 UK locations in pre-pack administration
Most UK branches of Le Pain Quotidien have been saved from the brink of closure, it was revealed on Thursday, though around 200 people would lose their jobs in the deal.
O'Mahony to retire as CEO of Origin Enterprises
Agricultural services provider Origin Enterprises said on Thursday that group chief executive officer Tom O'Mahony had told the board that after 13 years as group CEO, he would retire from his role and from the board by the end of the 2020 financial year.
FTSE 250 movers: B&M slides; Centamin on the rise
London’s FTSE 250 was down 2. 9% at 17,097. 46 in afternoon trade on Thursday.
Babcock swings to loss, defers dividend on Covid-19 worries
Defence company Babcock swung to a loss said it would defer its decision on a final dividend until there was greater visibility on the impact to performance from the Covid-19 pandemic.
Lufthansa to slash 22,000 jobs amid Covid-19 crisis
German flag carrier Lufthansa became the latest airline to announce massive job cuts as warned of a slow recovery from the impact of the coronavirus pandemic.
CityFibre to create 11,000 jobs in broadband rollout push
CityFibre, the Goldman Sachs-backed broadband infrastructure provider said it was creating 10,000 new jobs as it looked to deliver full-fibre broadband across Britain by 2025.
TalkTalk FY profits rise, dividend held as fibre sales grow
Telecoms group TalkTalk pulled guidance and set aside £15m for bad debts in 2021 in response to the coronavirus crisis but kept its dividend and reported a rise in core earnings on the back of higher fibre internet takeup.
FTSE 100 movers: Travel stocks retreat; gold miners shine
London’s FTSE 100 was down 3% at 6,141. 01 in afternoon trade on Thursday.
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