Latest News
Nissan profits jump 92%, but China sales fall
Motor manufacturer Nissan said annual profit jumped 92% to 426. 6 billion yen (£2. 1bn), driven by higher sales in all major global markets except China.
US jobless claims hit nine-month high
Americans lined up for unemployment benefits at an accelerated clip in the week ended 4 May, according to the Department of Labor, hitting a nine-month high in the process.
Bank of England stands pat on interest rates
The Bank of England stood pat on interest rates on Thursday at 5. 25%, as widely expected, but suggested cuts could be on their way.
Berenberg slightly raises target price on Helios
Analysts at Berenberg slightly raised their target price on telecommunications tower infrastructure company Helios Towers from 170. 0p to 185. 0p on Thursday, stating the group was now "poised for value creation".
Tertiary Minerals moves towards operations at Mupala
Tertiary Minerals announced on Thursday that its Environmental Project Brief (EPB) for the Mupala Copper Project in Zambia had been approved, paving the way for mineral exploration activities to start.
Syncona reports positive findings from investee Freeline
Life science investor Syncona reported positive findings from its portfolio company Freeline Therapeutics on Thursday, after a phase one and two study of its gene therapy candidate for Gaucher disease, ‘FLT20’, showed encouraging results.
Triple Point reviewing investment management arrangements
Triple Point Social Housing announced an independent review of its investment management arrangements on Thursday, in a bid to enhance shareholder value.
IP Group's Hysata completes $111m series B funding
IP Group announced the completion of a $111m series B funding round by its Australian portfolio company Hysata on Thursday.
PetroTal sales, production meet first-quarter forecasts
PetroTal said in an update on Thursday that sales and production in its first quarter averaged 18,347 and 18,518 barrels of oil per day respectively, marking its second-best quarter to date and aligning with guidance.
Avon Protection inks £38m contract with UK MoD
Avon Protection announced a contract with the UK Ministry of Defence (MoD) on Thursday, for the provision of General Service Respirators (GSR) and associated in-service support.
HgCapital reports robust first-quarter performance
HgCapital Trust reported a robust first-quarter portfolio performance on Thursday, resulting in a total return net asset value (NAV) increase of 3% to reach a NAV per share of £5. 11, totaling £2. 3n in net assets.
Clarksons still upbeat despite tough conditions for investment banking
Clarksons, which provides services and investment banking to the shipping industry and offshore markets, has said it made a positive start to the year and that full-year expectations remain unchanged despite "challenging" conditions in the financial division.
Europe midday: Shares flat as BoE holds rates, but sees Q1 GDP growth
European stocks were flat on Wednesday as the Bank of England held interest rates steady, in line with expectations, and said the UK economy may have pulled out of recession into growth during the first quarter of the year.
US pre-open: Futures in the red as Treasury yields rise
Wall Street futures were in the red ahead of the bell on Thursday as rising Treasury yields were in focus.
Uniphar upbeat after successful 2023
Uniphar said in an update on Thursday that 2023 was a successful year, as it doubled its 2018 pro-forma EBITDA, ahead of the timeframe it laid out at its initial public offering.
BBVA makes hostile takeover bid for Banco Sabadell
Spanish banking group BBVA has proposed a hostile takeover of smaller peer Banco Sabadell, taking its €12. 2bn offer directly to shareholders after the latter's board rejected an approach earlier this week.
London midday: FTSE touch higher, sterling falls after BoE holds rates as expected
London stocks were still just a touch firmer by midday on Thursday, as the Bank of England stood pat on interest rates, as widely expected.
Blackstone leads Hipgnosis race as Concord says no encore
Private equity giant Blackstone appeared to have emerged as the winner in the race to buy troubled music rights owner Hipgnosis Songs Fund after Apollo-backed Concord said it's latest $1. 25-a-share offer was final.
Robinson sees strong H2 momentum carry over into 2024
Plastic and paperboard packaging manufacturer Robinson said on Thursday that momentum experienced in the second half of 2023 has continued into 2024.
Keras Resources restarts activities at Nayega mine
Keras Resources announced the resumption of activities at the Nayéga manganese mine in Northern Togo on Thursday, after signing a cooperation agreement with the Republic of Togo on 17 May.