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Europe close: Stoxx 600 snaps nine-day win streak
After a tentative start, European stock markets were firmly in the red on Thursday as investors chose to take profits following a nine-day winning streak that sent the Stoxx 600 index to record highs.
GSK to sell remaining 4.2% stake in Haleon
GSK said on Thursday that it plans to sell its entire remaining 4. 2% stake in Haleon.
Broker tips: Travis Perkins, Treatt
Barclays has raised its rating on builders merchant Travis Perkins from 'equal weight' to 'overweight', saying that the stock is an "undervalued UK recovery play".
H&T Group trading as expected in year-to-date
Pawnbroker and jewellery retailer H&T Group said in an update on Thursday that its trading performance since the start of the year had been in line with expectations, marked by strong demand for pledge loans.
Ilika losses narrow in year of progress
Solid-state battery technology developer Ilika reported full-year growth in a trading update on Thursday, alongside significant advancements in its ‘Stereax’ manufacturing and ‘Goliath’ product development.
Michelmersh reports positive order momentum
Specialist brickmaker Michelmersh reported continued positive order intake momentum in an update on Thursday, aligning with market expectations.
M&C Saatchi trading in line, agrees sale of Swiss operation
M&C Saatchi continued positive momentum from the second half of 2023 in a trading update on Thursday, with overall performance in line with expectations.
Quantum Blockchain settles with some Sipiem defendants
Quantum Blockchain Technologies announced a significant development in its ongoing legal case involving its wholly-owned subsidiary Clear Leisure 2017, and Sipiem in Liquidazione, on Thursday.
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.