Qinetiq shares tumbled on Thursday after the defence technology company warned that technical and supply chain issues on a large complex programme could lead to a one-off write down to its short-term guidance.
One of the Bank of England’s policy setters has warned against raising interest rates in response to short-lived inflationary pressures, arguing it could be “self-defeating”.
London’s FTSE 250 was 0. 9% higher at 22,848. 65 in afternoon trade on Thursday.
European stocks extended their gains on Thursday as miners led the way and investors put aside worries over inflationary pressures and supply-chain issues.
London stocks closed in positive territory on Thursday as concerns about inflation eased, with miners pacing the advance.
Financial markets' attention at the end of the week will be squarely on the release of a raft of economic indicators in the US.
Analysts at Berenberg raised their target price on utilities firm SSE from 1,300. 0p to 1,690. 0p on Thursday, citing more bullish long-term expectations for the group's renewables business.
Vanadium-flow battery technology company Invinity Energy Systems announced on Thursday that the 1. 7 MWh first phase of the flow battery at the Energy Superhub Oxford (ESO) project was now installed and energised.
Tertiary Minerals updated the market on its Pyramid silver-gold Project in Nevada on Thursday, where analytical results from its recently-completed second phase trenching had extended the strike and width of recently-discovered silver mineralisation at North Ruth.
Trinidad and Tobago-focussed exploration and production company Trinity reported average production volumes of 3,018 barrels of oil per day in its third quarter on Thursday.
Rathbone Brothers revealed on Thursday that non-executive director Dharmash Mistry had acquired 2,500 ordinary shares in the FTSE 250-listed wealth manager.
Workspace software and technology company Essensys announced on Thursday that it has renewed its partnership with its largest and fastest-growing customer Industrious.
Graphene nanoplatelet technology company Directa Plus announced on Thursday that its Italian subsidiary Directa Plus S. p. A has qualified for an additional €0. 5m loan under the Italian government's Covid-19 Recovery Plan.
Clinical-stage infectious disease pharmaceutical company Poolbeg Pharma updated the market on new patent filings for its ‘PredictViral’ platform - which estimates disease severity and contagiousness in people who are recently infected with a respiratory virus - on Thursday.
Tech giant Microsoft will shut down its Chinese version of LinkedIn in response to the Asian superpowers ongoing efforts to censor the internet.
Xtract Resources reported total mining contractor gold production of 49. 34 kilograms at the Manica Concession for the September quarter on Thursday, equivalent to 1,586 ounces.
Specialist asset manager Polar Capital reported assets under management of £23. 4bn as at 30 September on Thursday, up 12% from the £20. 9bn it recorded at the end of March.
Brooks Macdonald Group said on Thursday that total group funds under management at the end of its first quarter reached a record £16. 8bn, making for 2. 2% quarter-on-quarter growth.
Wall Street stocks traded sharply higher at the open on Thursday as investors digested more quarterly earnings and the Labor Department's weekly jobless claims report.
London’s FTSE 100 was up 0. 9% at 7,205. 66 in afternoon trade on Thursday.
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