Latest News
Competition Appeal Tribunal approves £10bn class action against Mastercard
The Competition Appeal Tribunal has approved a £10. 0bn class action against Mastercard that could entitle 46. 0m British adults to roughly £300 each if successful.
Asia report: Markets mostly lower as Alibaba hits record low
Most bourses in Asia were on the back foot as they closed on Thursday, with Chinese technology stocks once again in focus, as Alibaba fell to a record intraday low.
Friday preview: UK retail sales, public sector borrowing in focus
Financial markets' focus at the end of the week will be on the UK with key indicators related to the consumer and public sector finances set to be published.
Europe close: Stocks hit by multiple concerns amid low trading volumes
European shares continued to slump on Thursday as fears of a sooner-than-expected tapering in global monetary policy, concerns around Delta Covid-19 and the ongoing crackdown on tech firms by Beijing dampened sentiment.
London close: Stocks weaker as investors digest Fed tapering timeline
London stocks closed well below the waterline on Thursday, having spent the session in the red after minutes from the latest US Federal Reserve meeting signalled that tapering was on the cards this year.
Broker tips: Weir Group, InterContinental Hotels, ITM Power
JPMorgan Cazenove upgraded Weir Group to 'overweight' from 'neutral' on Thursday and lifted the price target 1,970. 0p from 1,800. 0p, citing a good entry point.
Director dealings: Burberry executive lowers stake
Burberry Group revealed on Thursday that chief operating and financial officer Julie Brown had disposed of 23,000 ordinary shares in the FTSE 100-listed fashion house.
Helium One begins drilling next well at Rukwa
Helium One announced the start of drilling operations at the Tai-2 exploration well on Thursday, at its wholly-owned Rukwa Project in Tanzania, being the second exploration well targeting the Tai prospect.
FTSE 250 movers: Marshalls rallies after lifting expectations; Helios slumps
London’s FTSE 250 was down 0. 9% at 23,619. 58 in afternoon trade on Thursday.
Gresham House forest fund exceeds initial target
Gresham House said on Thursday that the Gresham House Forest Growth & Sustainability Fund had held its first close with £127m in subscriptions, substantially exceeding the initial target of £100m.
FTSE 100 movers: Miners slump as commodity prices fall; Polymetal shines
London’s FTSE 100 was down 1. 4% at 7,068. 65 in afternoon trade on Thursday.
Citi stays at 'buy' on ITM Power after Linde inks deal with Infineon
Analysts at Citi kept their recommendation for shares of ITM Power at 'buy/High Risk' after its joint-venture partner, Linde, inked a deal for the British company's technology with chipmaker Infineon.
US open: Stocks trade slightly lower following FOMC minutes, jobless claims data
Wall Street stocks traded slightly lower at the opening bell on Thursday as investors continued to digest minutes from the FOMC's latest meeting and this week's jobless claims figures from the Labor Department.
Equity consortium led by Nordic Capital to buy Inovalon in $7.3bn deal
US healthcare software maker Inovalon has agreed to be bought by an equity consortium led by Nordic Capital, and joined by Insight Partners, for around $7. 3bn.
Thursday broker round-up
InterContinental Hotels Group: Peel Hunt upgrades from reduce to hold with 4,600. 0p target price.
Philip Morris snaps up more Vectura shares ahead of deal deadline
US tobacco giant Philip Morris has bought up more shares of London-listed inhaler maker Vectura.
Condor receives latest drilling results from La India
Condor Gold said on Thursday that all assay results had now been received for the 3,370 metre drilling programme in the La India starter pit infill and reserve circulation (RC)-replacement drill holes, completed between December and June.
CMA confirms it will investigate Cobham takeover of Ultra Electronics
The Competition and Markets Authority confirmed on Thursday that it will investigate the proposed takeover of defence company Ultra Electronics by Cobham.
Philly Fed index slips as companies run down inventories
Manufacturing activity in the US mid-Atlantic region slowed in August as firms ran down their inventory levels, the results of a closely-followed survey revealed.
Peel Hunt upgrades InterContinental Hotels to 'hold'
Analysts at Peel Hunt upgraded their rating on Holiday Inn owner InterContinental Hotels Group from 'reduce' to 'hold' on Thursday after upping their full-year forecasts for the company.
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