UK house prices edged higher in April, industry research showed on Thursday, as demand continued to outpace supply.
Wall Street indices reversed their earlier gains to close weaker on Wednesday, after fresh data showed growth in America’s cost of living fell in April, but not as much as had been expected.
Holiday giant TUI said it expected to return to profit in 2022 with “significantly positive” earnings driven by summer demand as Covid travel restrictions eased.
Investors attention on Thursday will be on the preliminary reading of UK economic growth during the first quarter, which is expected to have held up well.
Shares in landscaping products supplier Marshalls fell on Wednesday as labour shortages offset strong consumer demand in its domestic division.
European shares firmed a bit on Wednesday, despite record inflation data in Germany and slightly worse than expected US CPI figures that drew a mixed reaction from economists.
London stocks continued their recovery from recent sell-offs on Wednesday, as investors digested an inflation report from across the pond showing price growth falling less than expected in April.
Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Hargreaves Lansdown, labelling it a "fabulous business" and highlighting the measures adopted to enhance its position through a new advice offering that was reducing outflows to advisers.
Watches of Switzerland surged on Wednesday after Goldman Sachs upgraded the shares to ‘buy’ from ‘neutral’.
Toyota Motor Corporation has warned that profits could fall by a fifth in the coming year, as higher raw material costs, supply chain issues and the pandemic continued to weigh heavily.
Analysts at Berenberg lowered their target price on software firm Avast from 680. 0p to 550. 0p on Wednesday but said they still think the group's fundamentals "remain sound".
London’s FTSE 250 was up 1. 3% at 19,626. 33 in afternoon trade on Wednesday.
Insurance firm Beazley was at the top of the buying side of the ledger on Wednesday, after one of its non-executive directors spent more than £0. 1m across four transactions.
Wall Street stocks opened higher on Wednesday as market participants digested key inflation data scheduled from the Labor Department at the open.
London’s FTSE 100 was up 1. 1% at 7,321. 04 in afternoon trade on Wednesday.
National Grid is to share some of the excess revenues it generates from subsea electricity cables ahead of schedule, after striking a deal with Ofgem, the energy regulator.
The cost of living in the US dipped last month, but not by as much as anticipated as food prices continued to run up.
UK cabinet minister Michael Gove on Wednesday ruled out an emergency budget, squashing suggestions that the government was planning extra measures to help hard-pressed Britons squeezed by the cost of living crisis.
Shipping company Clarkson said on Wednesday that it had made "a good start to the year", with the group benefitting from "improved conditions" across many of the sectors in which it operates.
President Joe Biden’s administration has recommended the US Supreme Court reject an appeal by Bayer, sending shares in the German drug and agrochemical giant sharply lower.
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