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US close: Tech stocks lead the surge
US stocks rose strongly on Thursday with tech names leading the surge as investors continued to absorb comments from the Federal Reserve the previous session, who reassured that interest rates are unlikely to rise despite stickier-than-expected inflation.
Director dealings: Breedon CEO raises stake
Breedon Group revealed on Thursday that chief executive Rob Wood had acquired 10,909 ordinary shares in the FTSE 250-listed construction materials company.
Europe close: Stocks finish mostly lower as data disappoints
European stock markets finished in mixed fashion on Thursday with the regional Stoxx 600 slipping into the red by the close as investors were met with weak economic data as they returned to their desks following the Labour Day holiday.
Goldman Sachs to scrap bonus cap for UK dealmakers
Goldman Sachs will remove a cap on bonuses for its London-based staff, according to Sky News, with the firm now set to resume making multi-million-pound payouts to its top-performing traders and dealmakers.
London close: Stocks rise on back of well-received earnings
London’s stocks finished with gains on Thursday, fuelled by strong performances from key players like Standard Chartered and Smurfit Kappa.
Gazprom swings to $6.9bn loss as Europe sales plunge
Russia's natural gas heavyweight Gazprom swung to huge loss in 2023 after sales to Europe dropped due to Western sanctions on Moscow.
FTSE 100 movers: Smurfit shoots higher; Glencore goes ex-div
London’s FTSE 100 was up 0. 6% at 8,173. 17 in afternoon trade on Thursday.
Peloton announces CEO departure; to cut 15% of workforce
Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.
Moderna bets big on RSV vaccine as full-year guidance unchanged
Moderna saw its share price surge on Thursday after posting a smaller-than-expected quarterly loss as the Covid vaccine maker sets its sights on regulatory approvals of its second product later in the year.
US open: Stocks higher following FOMC decision
Wall Street trading got off to a positive start on Thursday as investors continued to feast on corporate earnings and another slew of data points.
Lords Group extends £95m lending facility
Building materials distributor Lords Group announced an extension to its current £95m lending facilities on Thursday.
London cabbies launch £250m legal action against Uber
Uber Technologies is facing legal action on behalf of more than 10,500 London black cab drivers, it was confirmed on Thursday.
Friday preview: U.S. non-farm payrolls, Trainline in the spotlight
The market spotlight on Friday will revert back to the U. S. jobs market, as it does early each month.
ArcelorMittal smashes profit forecasts in first quarter
Luxembourg-based steel titan ArcelorMittal beat forecasts with its first-quarter profits on Thursday as it painted a positive outlook for global steel demand.
AstraZeneca reports positive results from blood cancer drug trial
AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood cancer.
Personal Group sustains momentum through first quarter
Personal Group said in an update on Thursday that it had sustained positive momentum throughout the first quarter of the year, driven by enhancements in leadership and streamlined operational processes.
US jobless claims hold steady in week ended 26 April
The number of Americans lining up for unemployment benefits was unchanged at 208,000 in the week ended 27 April, according to the Labor Department, remaining at the lowest level in two months and firmly below market expectations for a reading of 212,000.
U.S. foreign trade deficit little changed in March, consumer goods imports strong
America's shortfall on trade with the rest of the world was little changed in March, as both exports and imports suffered large declines.
US unit labour cost growth exceeds forecasts in Q1
Workers' productivity in the U. S. slowed more sharply than anticipated at the start of 2024, pushing labour costs much higher.