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Latest News
17 Oct
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US initial jobless claims fall from 14-month high

Americans lined up for unemployment benefits at a decelerated pace in the week ended 12 October, according to the Labor Department, down from a 14-month high in the previous week.

17 Oct
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Kenmare flags mixed third quarter, reports public fatality

Titanium and zircon minerals producer Kenmare Resources reported a mixed third quarter in an update on Thursday, alongside a fatal accident involving a member of the public.

17 Oct
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ECB cuts rates to 3.25%, as expected

The European Central Bank cut interest rates on Thursday for the third time this year, as expected.

17 Oct
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Third-quarter earnings beat forecasts at Blackstone

Blackstone's third-quarter numbers came in ahead of Wall Street forecasts on Thursday, after the alternative investment giant posting a jump in earnings and assets under management.

17 Oct
Nokia outlook disappoints as Q3 sales fall

Shares in Nokia fell on Thursday after the Finnish telecoms giant disappointed with earnings guidance for the full year amid "ongoing market weakness".

17 Oct
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Europe midday: Stocks extend gains as inflation falls ahead of ECB decision

Stock markets rose strongly on Thursday after a lower-than-expected inflation print reinforced expectations of an interest-rate cut from the European Central Bank later on.

17 Oct
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US pre-open: Futures higher as investors await fresh batch of economic data

Wall Street futures were pointing to a positive start to trading ahead of the bell on Thursday as market participants awaited a fresh batch of economic data.

17 Oct
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AI boom fuels earnings surge at TSMC

Shares in Taiwan Semiconductor Manufacturing Co rallied on Thursday, after the Taiwanese giant posted a forecast-beating 54% surge in earnings, fuelled by the boom in artificial intelligence.

17 Oct
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Rentokil Initial shares jump as full-year targets maintained

Shares in Rentokil Initial surged on Thursday after the pest control services group reassured investors by holding on to full-year guidance following two profit warnings earlier in the year, as it reported a steady third quarter with revenues unchanged.

17 Oct
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London midday: Stocks push higher as Rentokil, Entain gain; ECB eyed

London stocks had pushed higher by midday on Thursday, helped along by solid performances from the likes of Rentokil and Entain, as investors eyed an expected rate cut by the European Central Bank.

17 Oct
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Uber exploring possible Expedia bid

Uber has explored a possible bid for travel booking website operator Expedia, according to the Financial Times, a move that would easily mark the ridesharing giant's biggest acquisition to date.

17 Oct
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Nestle cuts forecast, shakes up executive board after sales disappoint

Nestle is to undergo a major organisational overhaul, the Swiss food giant confirmed on Thursday, as it cut sales targets in the face of persistently weak consumer demand.

17 Oct
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Publicis lifts full-year revenue outlook

French advertising group Publicis lifted its full-year organic revenue forecast on Thursday despite a "challenging" macro environment, as it reported a jump in third-quarter revenues.

17 Oct
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Eurozone inflation revised lower, reinforcing calls for ECB rate cut

Eurozone inflation figures for September were revised lower on Thursday, falling further below the European Central Bank's target of 2% to levels not seen since April 2021.

17 Oct
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Asia report: Chinese property sector leads regional losses

Most Asia-Pacific markets declined on Thursday, with China’s property sector leading the fall after a housing ministry briefing failed to reassure investors.

17 Oct
Pernod Ricard reports 'slow start' as Chinese sales tank

French wine and spirits group Pernod Ricard reported a "slow start" to the new financial year, with organic sales falling on the back of ongoing weakness in China as well as the US.

17 Oct
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Speedy Hire H1 revenues slip

Tools and equipment hire business Speedy Hire said on Thursday that interim revenues had slipped, principally due to a drop in lower-margin services income.

17 Oct
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Arbuthnot Banking Group reports solid third-quarter growth

Arbuthnot Banking Group reported solid third-quarter growth in an update on Thursday, with customer deposits rising to £3. 8bn, up from £3. 5bn a year earlier, and customer loans increasing to £2. 5bn from £2. 3bn.

17 Oct
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N Brown to be taken private by Joshua Alliance in £191m deal, shares surge

N Brown said on Thursday that it has agreed to be taken private by a company owned by Joshua Alliance - whose family has been involved with the group since the 1960s - in a £191m deal.

17 Oct
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Canaccord Genuity downgrades Plus500 to 'hold'

Analysts at Canaccord Genuity downgraded capital markets business Plus500 from 'speculative buy' to 'hold' on Thursday but hiked their target price on the stock from 1,883. 0p to 2,650. 0p ahead of the group's Q3 trading update on 28 October.