Latest News
Canaccord Genuity upgrades NCC Group to 'buy'
Analysts at Canaccord Genuity upgraded software outfit NCC Group from 'hold' to 'buy' on Thursday, citing valuation grounds as their primary reasoning.
Friday preview: US consumer confidence, AstraZeneca in focus
Financial markets' focus at the end of the week will shift back towards the US.
Europe close: Stocks edge higher
European stocks were slightly higher on Thursday as investors digested a torrent of corporate earnings and US data the day before that had shown a spike in inflation.
London close: Stocks finish firmer after UK GDP miss
London stocks were in the green at the close on Thursday amid a strong performance from the mining sector, as investors digested the latest UK GDP data.
Broker tips: NCC Group, Sabre Insurance
Analysts at Canaccord Genuity upgraded software outfit NCC Group from 'hold' to 'buy' on Thursday, citing valuation grounds as their primary reasoning.
MaxCyte revenue jumps more than 50pc in third quarter
Commercial cell engineering company MaxCyte reported total third quarter revenue of $10. 1m in an update on Thursday, representing 50% growth compared to the same period in 2020.
Restore trading in line as it integrates acquisitions
Document and data management company Restore said in an update on Thursday that trading for the 10 months ended 31 October was in line with the board's expectations.
Director dealings: DCC director makes share purchase
DCC revealed on Thursday that non-executive director Alan Ralph had acquired 1,500 ordinary shares in the FTSE 100-listed sales, marketing and support services group.
Volex reports strong growth in revenue, earnings
Power products and integrated manufacturing services provider Volex reported “strong” reported revenue growth of 44. 5% in its half-year results on Thursday, to $292. 7m reflecting high levels of customer demand in all of its sectors.
Ofwat confirms final in-period ODI determinations
The Water Services Regulation Authority confirmed on Thursday that £67. 0m would be repaid to companies or customers as a result of water company performance against their 2020-21 performance commitments.
Tapestry ups full-year guidance, shares jump
Luxury handbag firm Tapestry reported a jump in first-quarter revenues as it upped full-year guidance on Thursday, despite persistent supply chain issues.
FTSE 250 movers: Ferrexpo flies higher; TI Fluid drops after placing
London’s FTSE 250 was up 0. 4% at 23,518. 14 in afternoon trade on Thursday.
Polar Capital crystallises two sets of preference shares
Polar Capital announced the crystallisation of two sets of preference shares on Thursday, with the first set held by Dr Daniel Mahony, David Pinniger and Gareth Powell, portfolio managers of the Polar Capital Healthcare Team, in respect of the Polar Capital Biotechnology Fund.
Synairgen secures patients for phase III study of Covid treatment, shares jump
Shares in Synairgen rallied on Thursday,after the respiratory drug specialist confirmed it was starting a Phase III study into a potential Covid-19 treatment.
FTSE 100 movers: Auto Trader rallies on results; JMAT slumps
London’s FTSE 100 was up 0. 3% at 7,361. 98 in afternoon trade on Thursday.
Sika to buy rival MBCC for CHF5.5bn
Swiss chemicals group Sika has agreed to buy German rival MBCC Group - the former BASF construction chemicals business - for CHF5. 5bn.
Berenberg slightly raises target price on Sabre Insurance
Analysts at Berenberg modestly raised their target price on car and motors insurer Sabre Insurance from 195. 0p to 205. 0p on Thursday, stating its deal with motorcycle insurance outfit MCE Insurance was a good one.
EC hikes economic growth forecast to 5pc for 2021
The European Union hiked its expectations for economic growth on Thursday, saying it now expected the common currency area’s economy to expand by 5% this year, up from a previous 4. 8%.
iEnergizer posts record set of interim results
Digital media technology company iEnergizer reported a record set of interim results on Thursday, with revenue rising 35. 1% to $121. 9m, and service revenue up 36. 8%.
House prices climb as demand outstrips supply
UK house prices have continued to climb, a leading industry survey showed on Thursday, supported by a shortage of homes coming to market.
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