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Thursday newspaper round-up: Twitter, Newport Wafer Fab, Heathrow runway
Elon Musk has secured additional funding to purchase Twitter, according to financial filings made public on Wednesday, moving the billionaire closer to completing the high-profile deal. The Tesla CEO said in the regulatory filings he has increased his personal funding of the purchase from $27. 3bn to $33. 5bn and secured an additional $6. 25bn in equity financing, reducing the amount of debt the entrepreneur would take on in the $44bn purchase. – Guardian.
Friday preview: US personal income and spending, consumer confidence in focus
Investors will be treated to a fresh batch of economic data Stateside at the end of the week.
Europe close: Stocks end higher, but some analysts wary
European stocks finished firmly in positive territory on Thursday, driven by upbeat corporate news and a positive assessment of the US economy by the Federal Reserve, but some analysts in the City expressed wariness.
London close: Stocks shrug off windfall tax to finish firmer
London stocks managed another positive finish on Thursday, as investors digested news of a cost-of-living support package from the Treasury, to be funded by a windfall tax on energy firms.
FTSE 250 movers: Serco surges; IntegraFin slumps
London’s FTSE 250 was 1. 3% firmer at 20,188. 07 in afternoon trade on Thursday.
Broker tips: Bodycote, Pets At Home
Analysts at Berenberg lowered their target price on metal heat treating company Bodycote from 1,030. 0p to 780. 0p on Thursday, stating the group's current trading performance was "a mixed bag".
FTSE 100 movers: Ocado bounces back; BT slumps
London’s FTSE 100 was up 0. 6% at 7,570. 51 in afternoon trade on Thursday.
US open: Stocks trade higher following FOMC minutes, GDP estimate
Wall Street stocks were firmly in the green early on Thursday as investors continued to digest minutes from the FOMC's latest meeting, a second GDP estimate, and a number of retail earnings.
Director dealings: Alphawave IP, Burford Capital disclose share purchases
Alphawave IP Group was at the top of the list of director buys on Thursday, after an entity linked to one of its directors spent almost £0. 7m on shares.
US first quarter GDP revised lower, but details slightly stronger
The US economy shrank at a slightly quicker pace than previously thought, revised data showed, but the underlying levels of activity and prices came in a tad better than expected.
John Spellman to chair Manx Financial's Conister Bank
Manx Financial Group updated the market on the leadership of its wholly-owned Conister Bank subsidiary on Thursday, after David Gibson retired as the bank’s chairman at the end of its annual general meeting on Wednesday.
Zinc Media wins another £4m of new business
Television and multimedia content producer Zinc Media Group said in an update on Thursday that, in the four weeks since its last update, it has won an additional £4m of new business.
Yu Group reports 'strong' start to year despite market volatility
Corporate gas, power and water supplier Yü Group reported a “strong start” to the year in a trading update on Thursday, with the good momentum from 2021 continuing.
Initial jobless claims fall to 210,000
US initial jobless claims fell by a better-than-expected 8,000 in the week ended 21 May, dropping from an unrevised print of 218,000 to 210,000, according to the Labor Department.
SDX Energy spuds offshore Egypt exploration well
Middle East and North Africa-focussed SDX Energy announced the spudding of the MA-1X exploration well, where it has a 67% working interest, offshore Egypt.
Broadcom to buy VMware in $61bn deal
US chipmaker Broadcom said on Thursday that it has agreed to buy VMware in a $61bn cash and share deal.
Sunak unveils £5bn windfall tax on energy firms
The Chancellor of the Exchequer has announced a £15bn package of measures intended to help households with the soaring cost of living, including a windfall tax on energy companies.
Berenberg lowers target price on Bodycote
Analysts at Berenberg lowered their target price on metal heat treating company Bodycote from 1,030. 0p to 780. 0p on Thursday, stating the group's current trading performance was "a mixed bag".
JP Morgan reiterates positive stance on UK energy
JP Morgan has reiterated its positive stance on the UK energy sector, despite the likely imposition of windfall taxes.
Atlantic Lithium expands drilling programme at Ewoyaa
Africa-focussed explorer and developer Atlantic Lithium announced the mobilisation of an additional three drill rigs, the expansion of its drilling programme, and new drilling observations at the Ewoyaa Lithium Project in Ghana on Thursday.
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