European shares paced gains on Thursday as the Bank of England hiked interest rates to their highest level since 2008.
Wall Street experienced a mixed close on Thursday, with the Dow leading the decline after disappointing results from Disney.
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.
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.
London’s FTSE 100 was down 0. 6% at 7,694. 47 in afternoon trade on Thursday.
FTSE 250: 19,185. 71 -0. 45%.
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.
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.
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.
The number of Americans filing for unemployment benefits rose more than expected last week, according to data released on Thursday by the Labor Department.
US stocks fell in early trade on Thursday as investors mulled the latest inflation and jobless claims data.
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.
RBC Capital Markets lifted its price target on shares of caterer Compass Group on Thursday to 1,675p from 1,625p.
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.
Japan’s SoftBank Group reported a record loss on Thursday, after its tech-heavy funds underperformed.
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.
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.
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.
US stock futures pointed to a mostly higher open on Wall Street on Thursday as investors eyed another inflation reading.
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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