Wall Street indices tumbled on Thursday as tech stocks snapped a ten-day winning streak.
US courts ruled against an appeal by Amarin related to Hikma Pharmaceuticals's generic treatment for heart conditions, Vascepa.
Miners and Homebuilders paced fallers in the stockmarket on Thursday with a slightly worse-than-expected reading on initial weekly jobless claims acting as the apparent trigger for the selling.
A slightly worse than expected reading on weekly US jobs filings triggered profit-taking took stocks in Europe down a peg.
London stocks had turned lower by the close on Thursday, as investors mulled over the latest reading on the UK services sector.
Balfour Beatty revealed on Thursday that chief executive Leo Quinn had acquired 226,127 ordinary shares in the FTSE 250-listed builder.
The focus in markets will be squarely on the US non-farm payrolls report for August.
IQGeo announced a “significant” new contract for software licenses and services with a large tier 1 telecoms network operator on Thursday.
Analysts at Canaccord Genuity nudged up their target price on residential property developer Barratt Developments from 625. 0p to 630. 0p on Thursday, stating the group's planned volume growth supported profit recovery.
America's shortfall on trade in goods and services with the rest of the world widened in July as import growth outpaced that of exports.
London’s FTSE 250 was down 0. 5% at 17,613. 38 in afternoon trade on Thursday.
Smartphone maker Xiaomi backed Chinese vacuum company Dreame in a $15m funding round as part of its expansion into the consumer electronics arena.
Wall Street stocks were lower after the opening bell on Thursday following yesterday's strong session, with tech stocks taking the biggest hit in early trading.
US jobless claims fell below 1m to the lowest since Covid-19 lockdowns began as the method for calculating official figures changed.
CMC Markets: Peel Hunt upgrades to buy with a target price of 380. 0p.
The pace of services sector activity in the States ebbed a bit last month, as the rate of incoming new orders slowed, the results of a closely-watched survey showed.
Biotechnology company Allergy Therapeutics announced further investment in virus-like particle (VLP) technology for applications beyond the allergy immunotherapy field on Thursday.
Digital music company 7digital Group intends to raise at least £5m, it announced on Thursday, to support a number of commercial growth opportunities.
London’s FTSE 100 was up 0. 2% at 5,951. 38 in afternoon trade on Thursday.
Morgan Stanley downgraded its rating on shares of Next on Thursday to ‘underweight’ from ‘equalweight’ arguing that the stock is "very overvalued", currently trading higher than it was a year ago, which it said "makes very little sense" given it’s been hit hard by the Covid-19 pandemic.
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