An extraordinary battle pitting New York multimillionaires against their billionaire neighbours is expected to reach fever pitch on Thursday when local politicians in the Hamptons vote on proposals to close an airport in the super-rich enclave. The East Hampton town board is expected to vote in favour of a plan to “deactivate” the local airport that buzzes with helicopters and private jets ferrying the uber-wealthy from Manhattan to their luxury beach houses. - Guardian.
Consumer confidence in the UK weakened in January, a survey showed on Friday, as concerns about the rising cost of living mounted.
The market spotlight at the end of the week will be on UK retail sales figures for the month of December.
S4 Capital's executive chairman and founder continued picking up shares in the digital advertising and marketing company that he founded.
London's top-flight index was little changed at the end of the session on Thursday amid light profit-taking and alongside a small advance for Sterling, although some analysts in the City said that news overnight that China had cut lending rates was well-received.
European stocks finished higher on Thursday lifted by a bounce on Wall Street even as investors fretted about inflationary pressures.
London’s FTSE 250 was up 0. 4% at 22,743. 04 in afternoon trade on Thursday.
Citi upgraded Rentokil Initial to 'buy' from 'neutral' on Thursday, arguing that the proposed acquisition of US rival Terminix could propel the company into the number one slot in US pest control.
Activity in the us mid-Atlantic region picked up the pace last month with new orders, shipments and delivery times both improving.
US existing home sales fell in December as higher prices and record low inventory levels shut out first-time buyers.
Wall Street stocks were in the green early on Thursday as major indices try to bounce back from another day of heavy losses despite this week's jobless claims figures coming in hotter than expected.
London’s FTSE 100 was down 0. 4% at 7,556. 72 in afternoon trade on Thursday.
American Airlines saw losses shrink in the last quarter as demand picked up over the holiday season.
Americans made first-time unemployment benefit claims at a higher than expected clip last week, driven by an increased number of Covid-19 cases that disrupted business activity across the nation.
Superdry insisted its turnaround remained on track on Thursday despite rising inflationary pressures, as it returned to the the black.
The European Central Bank should not raise interest rates as quickly as the Federal Reserve, Christine Lagarde told French media.
Citi upgraded Rentokil Initial to ‘buy’ from ‘neutral’ on Thursday, arguing that the proposed acquisition of US rival Terminix could propel the company into the number 1 slot in US pest control.
Analysts at Berenberg lowered their target price on asset manager Liontrust from 1,965. 0p to 1,850. 0p on Thursday after the group revealed increased market volatility at the start of 2022 had caused assets under management and advice to fall to roughly £36. 0bn.
European stocks were still lower at midday on Thursday as investors fretted about inflationary pressures.
N Brown nudged its guidance for full-year earnings lower on Thursday despite "resilient" trading during the crucial festive season.
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