Market Report
Take bank threats to leave Brexit London 'with dose of scepticism'
While warnings by financial institutions that they will shift jobs away from London due to Brexit poses a risk the country’s economy and commercial property markets, there was a call on Thursday to “take their threats with a dose of scepticism”.
FTSE 100 movers: Royal Mail and REITs retreat
The FTSE 100 was dragged lower on Thursday by investor's disappointment in Royal Mail and a gloomy note on the real estate sector.
US close: Stocks fall ahead of Trump's inauguration
US stocks closed in the red on Thursday as investors exercised caution ahead of Donald Trump’s presidential inauguration.
Commodities: Dollar bounce caps gains in gold
Swings in the US dollar continued to call the tune for commodity prices, with a bounce in the Greenback´s helping to limit further gains in precious metals.
Directors dealings: Spouse of Chemring´s finance boss buys in
On 19 January, the spouse of Chemring´s finance chief, Karen Lewis, picked up 8,720 shares in the aerospace, defence and security goods manufacturer at an individual price of 173. 74p, the company said in a statement.
British American Tobacco´s valuation "very attractive", Citi says
Analysts at Citi gave a strong endorsement of British American Tobacco, touting the company´s strong top line growth and the many benefits which wil accrue to shareholders as a result of its merger with Reynolds American.
Europe close: Stocks end on mixed note after ECB decision
European stocks were little changed by the end of trading on Thursday even as European Central Bank chief Mario Draghi struck a dovish tone at his press conference following the monetary authority´s policy decision.
Credit Suisse arrives at $5.3bn settlement with US
Credit Suisse has come to a $5. 3bn agreement with the US Department of Justice to settle the investigation into the bank’s involvement in selling toxic mortgage debt before the last financial crisis.
Immunodiagnostic Systems Holdings appoints new CEO
Immunodiagnostic Systems Holdings (IDS), an AIM listed specialist producer of manual and automated diagnostic testing kits and instruments for the clinical market, has announced that its chief executive Patricio Lacalle will step down for personal reasons from 31 March 2017.
Airline bosses report sky high operating costs but remain optimistic for 2017
The International Air Transport Association has released research suggesting a challenging environment for airlines, including lower passenger yields and an increase in operating costs.
London close: FTSE falls as ECB's Draghi strikes dovish tone on inflation
The FTSE 100 closed in the red as the pound strengthened and as European Central Bank President Mario Draghi struck a dovish tone on inflation.
Sector movers: REITS, electricity stocks drop
Tobacco stocks rose to the top of the leaderboard after analysts at Citi sung the praises of British American.
Amedeo Resources acquires small stake in Iranian mining firm
Amedeo Resources announced on Thursday that it has acquired a 2. 5% stake in Ganjine Kani Company for $0. 5m, a copper mining company close to the city of Mashhad in Iran.
Shanta Gold achieves records at New Luika in 2016
East Africa-focused gold producer, developer and explorer Shanta Gold announced its production and operational results for the quarter ended 31 December on Thursday, for its New Luika Gold Mine in southwest Tanzania.
Xeros expands market and washing machine installations
Developer and provider of patented polymer based systems, Xeros Technology Group provided a strategic and trading update on Thursday, before it publishes its results for 17 months ending 31 December during April.
Actual Experience revenue up marginally as it refocuses sales efforts
Analytics-as-a-service company Actual Experience announced its preliminary results for the year to 30 September on Thursday, highlighting the signing of a third multi-year framework agreement with Vodafone during the period.
Energy prices at a two-year high, says Ofgem
Energy prices have risen this month to a two-year high according to the office of gas and electricity markets (Ofgem).
Fitbug expected to reduce loss as it continues turnaround
Corporate digital wellness technology provider Fitbug Holdings issued a trading update for the year to 31 December on Thursday, saying revenue for the year is expected to be slightly behind that for the corresponding period last year.
FTSE 250 movers: Halfords speeds ahead; Tullow Oil slips
The FTSE 250 index fell 0. 53% to 18,215. 93 in the late afternoon.