Oil and Gas dragged on the main stock market benchmarks, as did Construction and Materials names.
European shares were marginally higher on Thursday, albeit having recovered from early losses.
Analysts at Berenberg raised their target price on consumer goods company Reckitt Group from 7,575. 0p to 7,840. 0p on Thursday, stating the earnings upgrade cycle persists.
London's stock markets closed in a mixed state on Thursday, as investors waded through a flood of economic updates out of the US during the afternoon.
US pending home sales tumbled last month amid a lack of housing stock for potential buyers to choose from.
London’s FTSE 100 was down 0. 2% at 7,833. 51 in afternoon trade on Thursday.
Paddy Power owner Flutter Entertainment said on Thursday that the gambling reforms proposed by the government earlier could cost the company up to £100m a year from 2024.
Wall Street stocks were in the green early on Thursday as market participants thumbed over a number of big-name earnings reports and digested Q1 GDP data.
FTSE 250: 19,285. 88 +0. 41%.
Vodafone said on Thursday that it has appointed chief financial officer and interim chief executive Margherita Della Valle as its new CEO.
Opioid addiction treatment maker Indivior lifted its full-year revenue guidance on Thursday but trimmed its outlook for operating profit due to costs related to the acquisition of Opiant Pharmaceuticals, as it posted a jump in first-quarter profit and revenue.
All eyes at the end of the week would be on the evolving inflation picture in the US which might put to rest any doubts regarding whether rate-setters would go ahead with another interest rate hike during the following week.
Barclays said it was on track to meet full-year guidance as it posted a 16% jump in pre-tax profits driven by growth across all its businesses.
Tool and equipment hire company HSS Hire reported a jump in full-year profit on Thursday thanks to double digit like-for-like revenue growth and "effective price and cost management".
Jefferies rallied on Thursday after Sumitomo Financial Group said it plans to raise its stake in the bank to 15% from 4. 5% as they expand their strategic alliance.
The American economy grew more slowly than anticipated at the start of 2023.
Fewer Americans filed for unemployment benefits during the previous week than economists had anticipated.
Engage XR reported strong revenue growth in its first quarter on Thursday, of around 40% year-on-year, driven by the successful launch of its corporate metaverse platform Engage Link in November.
Analysts at Canaccord Genuity lowered their target price on software firm Learning Technologies from 140. 0p to 120. 0p on Thursday, stating its macro strategists believe an already "challenging" macro environment could further deteriorate this year.
Specialist infection prevention technology company Byotrol said in an update on Thursday that it expected its results for the financial year just ended to be in line with market expectations, subject to audit.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.
The value of investments can fall and you may get back less than you invested.