Investors' attention at the end of the week would be trained be on quarterly results due out from U. S. banking heavyweights Citigroup, J. P. Morgan, and Wells Fargo.
European stocks continued their push towards their 52-week highs as fresh data pointed yet again to slower price growth in the U. S. going forwards.
Stocks in London managed an upbeat finish on Thursday, propelled by easing concerns over US Federal Reserve interest rate hikes, amid focus on the latest UK GDP data and fresh US inflation figures.
Shell is reportedly exploring options for its global renewable power operations, including a potential stake sale to outside investors.
The US Federal Trade Commission (FTC) has launched an investigation into artificial intelligence (AI) company OpenAI over allegations of violating consumer protection laws and jeopardising personal reputations and data, it was reported on Thursday.
Delta Airlines reported record quarterly sales and profits on the back of booming travel demand following the Covid-19 pandemic.
GSK spinoff Haleon is reportedly planning widespread layoffs in the UK and around the world.
Drinks and snacks giant PepsiCo reported a solid second-quarter performance on Thursday, topping expectations and leading to an upward revision of its guidance for the second consecutive quarter.
London’s FTSE 100 was up 0. 4% at 7,447. 31 in afternoon trade on Thursday.
Ironveld was on the list of director buys on Thursday, after it disclosed a purchase linked to a non-executive director.
Wall Street shares were again trading on the front foot thanks to another subdued reading on price pressures.
Low-cost fitness operator the Gym Group reported substantial growth in membership and revenue in a first-half trading update on Thursday.
Diploma shares soared on Thursday as the company said revenues had risen 9% in the first nine months of the year and bought DICSA, a Spain-based distributor of fluid power solutions for £170m.
Domino's Pizza said it had appointed Andrew Rennie as chief executive officer with effect from August 7 2023.
Cineworld said on Thursday that its lenders have agreed to appoint Eduardo Acuna as chief executive officer of the newly-incorporated parent company of the group.
Citi upgraded Softcat and downgraded Computacenter on Thursday as it refreshed its view on the European value-added resellers, "keeping in consideration a return to more normal growth for the space post pandemic induced spurt in demand".
The number of Americans filing for unemployment benefits unexpectedly fell last week, according to data released on Thursday by the Labor Department.
Producer price inflation in the US eased more than expected in June, according to figures released on Thursday by the Bureau of Labor Statistics.
UK bootmaker Dr Martens said progress had been made rectifying the US warehousing fiasco that led to a series of profit warnings, and trading since the start of the current financial year had been in line with expectations.
ExxonMobil said on Thursday that it has agreed to buy oil and gas producer Denbury in an all-stock deal valued at $4. 9bn, or $89. 45 per share.
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