UK house price growth accelerated in April because of a shortage of homes in a market boosted by the response to the Covid-19 crisis, a survey showed on Thursday.
Investors' focus on the US will continue to be trained on the US, where factory gate price data for April are due out.
Positive corporate earnings helped keep a bid in European stocks even as investors' worries over rising inflation in the US materialised in the form of a much higher than expected inflation print for April.
The Biden administration has given the green light for the construction and operation of the 800 megawatt (MW) Vineyard Wind 1 project, the first major offshore wind farm in the US.
London stocks closed in a mixed state on Wednesday after heavy losses in the previous session, as investors digested a serious pick-up in inflation across the pond, and mulled UK GDP data.
Analysts at Liberum raised their target price on door and window components manufacturer Tyman from 425. 0p to 530. 0p on Wednesday after last week's "very strong trading update" from the group.
Crop protection, animal health and consumer products bio-control technology company Eden Research announced the signing of an exclusive commercialisation, supply and distribution agreement with Corteva Agriscience on Wednesday, for its first seed treatment product.
Clothing and fabrics sustainability and economics technology company Xeros Technology Group announced on Wednesday that its licence partner in China, Jiangsu SeaLion Machinery Company, had launched its ‘Hydrology’ brand, comprising a range of commercial washing machines incorporating its ‘XOrb’ and ‘XDrum’ technologies.
Angling Direct revealed on Wednesday that chief executive And Torrance had acquired 25,000 ordinary shares in the AIM-listed fishing tackle and equipment retailer.
Exploration and production company President Energy updated the market on its activities in the Rio Negro province in Argentina on Wednesday, reporting that the pilot waterflooding project in the Puesto Flores field was showing “concrete signs of success”.
MoneyGram is teaming up with cryptocurrency exchange Coinme to allow crypto holders to cash in their investments at locations across the US.
Delivery Hero unveiled plans to enter the German market in summer with its foodpanda brand.
London’s FTSE 250 was flat at 22,175. 65 in afternoon trade on Wednesday.
Wall Street stocks opened lower yet again on Wednesday following the release of April's consumer price index.
German carmaker BMW plans to unveil a limited series hydrogen fuel cell model SUV in 2022 as the company continues to research zero-emission alternatives to battery-electric cars.
Air Partner: Canaccord reiterates buy with a target price of 100p.
April's consumer price index rose 4. 2% year-on-year, according to the Labor Department, ahead of estimates for a print of 3. 6% and the fastest pace of increase since September 2008.
London’s FTSE 100 was up 1% at 7,015. 26 in afternoon trade on Wednesday, following heavy losses a day earlier.
Business organisations from some of the world’s richest economies have called on G7 leaders to collaborate closely as they rebuild the global economy post Covid-19 and tackle the "seismic" challenges that lie ahead.
Virtual reality (VR) technology company VR Education updated the market on its partnership with HTC, which is a Taiwan-based consumer electronics company that specialises in VR technology, and holds a 20% stake in VR Education.
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