Wall Street was again to be found on the back foot on Thursday following data showing consumer prices advancing at their fastest clip since February 1982.
The cost of living in the US picked up more quickly than expected at the start of 2022 amid broad-based gains among the various categories of goods and services.
Nanosynth updated the market on its joint venture with Volz on Thursday, reporting that agreement had been reached for Volz to convert its production line to provide the capability for Nanosynth's ‘alphaviron’ layer to be included across Volz's product range.
PetroTal announced on Thursday that well 10H, which commenced production on 30 January, had set a new internal daily production record with an average standalone 10-day production level of 10,050 barrels of oil per day.
European shares finished on a mixed note on Thursday as investors digested the highest reading for US consumer prices in 40 years.
Property investor and developer Conygar has completed the disposal of its retail park in Cross Hands, Llanelli, for net consideration of £18. 25m, it announced on Thursday.
Investors' attention at the end of the week will be on preliminary UK gross domestic product figures for the last three months of 2021.
NewRiver REIT disclosed a share purchase made by its chief financial officer’s wife on Thursday, totalling almost £20,000.
London stocks closed with their head above water on Thursday, helped along by strong performances from the likes of Informa and AstraZeneca, as consumer prices in the US grew faster than expected in January.
London’s FTSE 250 was up 0. 2% at 22,232. 14 in afternoon trade on Thursday.
RBC Capital Markets upgraded B&M European Value Retail from ‘underperform’ on Thursday, citing a "moderate" valuation.
London’s FTSE 100 was up 0. 5% at 7,681. 15 in afternoon trade on Thursday.
Vodafone has rejected a takeover offer for its Italian business from French telecoms group Iliad, arguing it is not in the best interests of shareholders.
The European Commission has cut its economic growth forecasts for 2022, after the year got off to a weaker-than-expected start.
Twitter reported a "solid" end to the year on Thursday after annual revenues topped $5bn.
Online car retailer Cazoo has raised $630m to support its expansion in the UK and EU.
The number of Americans filing for unemployment claims for the first time decreased by a bit more than anticipated last week.
Societe Generale reported record results on Thursday, boosted by buoyant equity markets and the reopening of global economies following the worst of the pandemic.
The UK housing market got off to a strong start in 2022, industry research showed on Thursday.
Data services provider Silverbullet announced a number of new contract wins and renewals on Thursday, including two new global client contracts through its long-term partnership with Treasure Data.
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