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AIG sells $3.8bn stake in Corebridge to Nippon Life
American insurance giant AIG on Thursday announced the sale of a 20% stake in retirement and insurance firm Corebridge Financial to Japanese peer Nippon Life for $3. 8bn.
US open: Stocks trade higher, Dow briefly crosses 40,000
Wall Street stocks were higher early on Thursday as cooler-than-expected inflation data helped push major indices to fresh record highs.
FTSE 100 movers: BT surges; Sage hit after cutting revenue guidance
London’s FTSE 100 was flat at 8,442. 62 in afternoon trade on Thursday.
FTSE 250 movers: Auction Tech surges after update; Tritax Bigbox slides
FTSE 250 (MCX) 20,767. 99 -0. 04%# .
Secure Trust Bank reports positive first quarter
Specialist lender Secure Trust Bank reported a positive first quarter in a trading update on Thursday, with growth in net lending balances and progress in cost-saving initiatives under Project Fusion.
US April import prices jump past forecasts on fuel costs
The cost of goods purchased overseas jumped last month amid dearer prices for fuel imports.
Weekly US unemployment claims drop
US firms continued to hold onto their workers during the latest week.
Philly Fed index declines amid drop in new orders
Factory activity in the US mid-Atlantic region slowed a tad more than expected in May, the results of a closely-followed survey revealed.
Watches of Switzerland shares surge on 'cautiously optimistic' outlook, Q4 sales
Shares in Watches of Switzerland surged 15% on Thursday as the luxury timepiece retailer said it was “cautiously optimistic” about future trading after a 4% rise in sales in the final quarter of its financial year driven by a strong performance in the US.
Chevron preparing to sell UK North Sea oil and gas assets - report
Chevron is reportedly set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the US energy firm’s exit from the ageing basin after more than 55 years.
Europe open: Stocks fall as ex-divs drag on corporate news
European shares were lower at the open as heavyweight stocks trading ex-dividend dragged on the benchmark Stoxx 600 index and investors digested US CPI data from Wednesday.
Thames Water's biggest shareholder withdraws from board
Thames Water’s largest shareholder has withdrawn its representative from the crisis-hit utility's board, it was confirmed on Thursday.
EC launches formal probe into how Meta protects minors
The European Commission has launched formal proceedings to investigate whether Meta may have breached the Digital Services Act (DSA) through how it treats and protects minors on Facebook and Instagram.
US pre-open: Futures little changed as major indices hit record highs
Wall Street futures were slightly higher ahead of the bell on Thursday as cooler-than-expected inflation data helped push major indices to fresh record highs.
Angle reports promising results from Parsortix study
Angle, the AIM-listed liquid biopsy company which specialises in circulating tumour cell (CTC) solutions, has announced the results of a clinical study which show that its Parsortix system could be used to predict progression-free survival in patients with ovarian cancer.
Redecentric FY earnings grow, four 'larger customers' unexpectedly cancel contracts
Cyber security firm Redcentric said on Thursday that both revenue and earnings had grown in the year ended 31 March but noted it had experienced installation delays at the London Technology Centre and contract cancellations by several large customers.
Europe midday: Shares down despite bullish Wall St, US data; Ex-divs weigh
European shares were lower as heavyweight stocks trading ex-dividend dragged on the benchmark Stoxx 600 index and investors digested US CPI data from Wednesday.
London midday: FTSE stays down as ex-divs weigh; Sage tumbles
London stocks were still a little weaker by midday on Thursday amid a deluge of corporate news, dragged lower by ex-dividend shares.
Accsys Technologies CFO departs after 13 months
AIM-listed Accsys Technologies has announced that its chief financial officer is leaving the wood products group after just a year in the role.
Japan GDP contracts more than expected, clouds BoJ rate plans
Japan’s economy unexpectedly shrank in the first quarter as consumers tightened their belts in response to stagnant wage growth, companies cut spending and exports fell.