UK consumer confidence continued to struggle in January, a widely-watched survey showed on Friday, dragged down by concerns about the strength of the economy.
Oil was the biggest laggard by sectors in the stockmarket on Thursday, weighed down by prospect for near-term weakness in demand to the Covid-19 pandemic, but also on account of longer-term concerns.
European shares were mostly lower on Thursday remained as the single currency gained altitude following the European Central Bank's policy meeting.
The European Central Bank kept all of its policy levers unchanged but did leave the door open to further easing if needed.
London stocks closed in the red on Thursday, as investors digested the latest policy announcement from the European Central Bank.
The focus at the end of the week will shift to the release of a raft of factory and services sector Purchasing Managers Indices in the UK, US and euro area.
Deutsche Bank upgraded its stance on equipment rental firm Ashtead to 'buy' from 'hold' on Thursday and hiked the price target to 4,100p from 3,000p, based on "growth opportunity and lower cyclicality", as it said the Specialty business was a game changer.
Halfords Group revealed on Thursday that chief executive Graham Stapleton had disposed of 185,872 ordinary shares in the London-listed retailer.
Cybersecurity service provider ECSC Group said on Thursday that its adjusted EBITDA profit for 2020 was in excess of £0. 4m, rising from the breakeven it achieved in 2019.
London’s FTSE 250 was down 0. 1% at 20,852. 79 in afternoon trade on Thursday.
Challenger law firm Keystone Law updated the market ahead of the end of its financial year on Thursday, reporting that trading throughout December and early January had been “exceptionally strong”.
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on its three restored contract areas in formerly-occupied territories and Nagorno Karabakh on Thursday, following the agreement between Armenia, Azerbaijan and Russia ending the military conflict over the enclave of Nagorno Karabakh.
Wall Street stocks opened higher on Thursday after major indices hit fresh record highs on Inauguration Day.
London’s FTSE 100 was down 0. 3% at 6,720. 11 in afternoon trade on Thursday.
Homebuilding in the US continued to accelerate at a brisk pace at the tail-end of the previous year.
Around nine million Britons were forced to borrow more money as of December of 2020 due to the hit to their personal finances from the pandemic, a study by the Office of National Statistics showed.
Twitter locked the account of China’s US embassy after it posted a tweet defending China’s policy towards Muslim Uighurs in Xinjiang.
Hiscox: Jefferies downgrades to hold with a target price of 1,000p.
The Foreign Office refused to deny the European Union’s ambassador full diplomatic status over claims that the bloc should not be treated as a nation state.
China has imposed sanctions on 28 Trump administration officials including former US Secretary of State Mike Pompeo for violating its sovereignty.
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