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12 May
Europe midday: Shares pace gains as BoE lifts rates again

European shares paced gains on Thursday as the Bank of England hiked interest rates to their highest level since 2008.

11 May
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US close: Stocks mixed as Disney results drag Dow lower

Wall Street experienced a mixed close on Thursday, with the Dow leading the decline after disappointing results from Disney.

11 May
Europe close: Shares flat as BoE, PacWest weigh on sentiment

European shares closed flat on Thursday as the Bank of England hiked interest rates to their highest level since 2008 and investors fretted over another share price slump at US bank PacWest.

11 May
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London close: Stocks lower as BoE goes for 12th consecutive rate hike

Stocks in London ended the trading day weaker on Thursday, as investors assessed the potential ramifications of the Bank of England's interest rate increase.

11 May
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FTSE 100 movers: Airtel Africa slumps; Melrose gains again

London’s FTSE 100 was down 0. 6% at 7,694. 47 in afternoon trade on Thursday.

11 May
11 May
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Clarksons hails 'positive' start to year as broking division shines

Shipping services firm Clarksons backed its full-year outlook on Thursday as it hailed a "positive" start to the year, with the broking division still the main driver of revenue and profit.

11 May
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Gamma reportedly courting ex-Softcat boss as its next chair

London-based telecommunications company Gamma Communications is reportedly in advanced talks with ex-Softcat chief executive officer Martin Hellawell, it emerged on Thursday, to take up the role of chairman.

11 May
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Broker tips: Bridgepoint, Compass Group

JPMorgan Cazenove resumed its recommendation for Bridgepoint at ‘underweight’ on Thursday, with a 224p price target as it pointed to long-term potential but limited near-term growth.

11 May
US jobless claims hit highest level since early 2021

The number of Americans filing for unemployment benefits rose more than expected last week, according to data released on Thursday by the Labor Department.

11 May
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US open: Stocks fall after PPI, jobless claims

US stocks fell in early trade on Thursday as investors mulled the latest inflation and jobless claims data.

11 May
FirstGroup shares slump as TransPennine service nationalised

Shares in FirstGroup slumped on Thursday after the UK government nationalised its TransPennine Express (TPE) service in response to months of cancellations and woeful service.

11 May
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RBC Capital lifts Compass price target after results

RBC Capital Markets lifted its price target on shares of caterer Compass Group on Thursday to 1,675p from 1,625p.

11 May
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JPMorgan resumes coverage of Bridgepoint at ‘underweight’

JPMorgan Cazenove resumed its recommendation for Bridgepoint at ‘underweight’ on Thursday, with a 224p price target, as it pointed to long-term potential but limited near-term growth.

11 May
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SoftBank hit by record losses

Japan’s SoftBank Group reported a record loss on Thursday, after its tech-heavy funds underperformed.

11 May
US producer prices rise at slowest pace since January 2021

US producer prices rose at their slowest pace in April since January 2021, according to data released on Thursday by the Bureau of Labor Statistics.

11 May
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Director dealings: Vietnam Enterprise non-exec invests, LSEG director's firm sells down

Among the big director purchases disclosed on Thursday was a pair of transactions worth more than £0. 27m made by a board member at Vietnam Enterprise Investments.

11 May
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Bank of England ups interest rates

The Bank of England upped interest rates on Thursday to 4. 5%, the highest level since 2008, as it looked to tackle stubbornly high inflation.

11 May
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US pre-open: Stocks seen mostly higher ahead of more inflation data

US stock futures pointed to a mostly higher open on Wall Street on Thursday as investors eyed another inflation reading.

11 May
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Uniphar maintains expectations amid strong trading

Uniphar reported strong performance over the last year in an update on Thursday, reporting further progress towards its financial and strategic objectives.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles 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.