Wall Street stocks started out the session somewhat mixed on Thursday as market participants got stuck into the year's final day of trading.
European stocks finished an eminently-forgettable 2020 in the red as tougher Covid restrictions in the UK and new US tariffs on EU products dampened investor enthusiasm.
After a year many of us would rather forget, dominated by the coronavirus pandemic, restrictions and the Brexit saga, stocks fell on Thursday, with the top-flight index suffering its worst annual performance since the financial crisis in 2008.
Educational software firm Tribal Group said on Thursday that it had signed a £3. 1m, five-year contract with Kings College London to provide the university with its Tribal:Cloud service.
Wall Street futures were slightly higher ahead of the bell on Thursday as market participants prepared for the year's final day of trading.
Catalyst Media said on Thursday that pre-tax losses had widened as a result of an impairment charge of £1. 2m of the carrying value of its 20. 54% interest in Sports Information Services.
The US government said overnight that it would raise tariffs on certain European goods such as French and German wines amid a long-running dispute over aircraft subsidies.
Countrywide shares surged on Thursday after the estate agent accepted a sweetened takeover offer from rival Connells which values the group at more than £134m.
Freight management services provider Xpediator has agreed to sell off its EshopWedrop subsidiary to Inert Logistics.
European stocks started the final trading day of the year in red territory as tougher Covid restrictions in the UK and new US tariffs on EU products weighed on sentiment.
London stocks slid in early trade on Thursday amid worries about the Covid-19 pandemic, with most of England now in Tier 4, while a firmer pound also weighed on the top-flight index.
St James House said on Thursday that it had seen a "steady" performance in its payments division despite witnessing a slowdown in incoming EUR deposits of roughly 18%.
Asian shares were mixed on the last day of a turbulent 2020 with as investors pinned their hopes on a global economic recovery over the next 12 months.
Chinese business activity growth eased a little in December, according to official figures released on Thursday.
London stocks were set to fall at the open on Thursday, with volumes expected to be light and markets in the UK open for just half a day.
Britain’s independent shops had a sales boost in 2020 despite an overall drop in retail spending, as Covid travel restrictions and working from home prompted consumers to shop on local high streets instead of city centres. Data from Barclaycard shows spending at independent food and drink shops, including off-licences, butchers and bakeries, jumped 28. 6% in 2020 compared with a year earlier. - Guardian.
Transport operator FirstGroup has sold three Greyhound bus terminals for $137m (£102m) as it rationalises its property portfolio in North America.
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