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US close: Stocks recover from three days of losses
Shares on Wall Street showed signs of recovery on Wednesday, with all major indices edging higher amidst low trading volumes following three consecutive down sessions.
JD Sports update provides 'sense of relief', says Shore Capital
Shore Capital has reiterated its 'buy' rating for JD Sports after a reassuring trading update from the sportswear and footwear retailer, which has given the stock a boost as it recovers after a profit warning at the start of the year.
Thames Water in crisis as investors pull £500m bailout
Struggling UK utility Thames Water faced a funding crisis on Thursday as shareholders pulled a £500m bailout after regulators refused its demands to hit customers with massive price hikes, greater leniency for polluting waterways and pay out higher dividends, while its parent company admitted it couldn't pay back a £190m loan.
3i Infrastructure expects to hit targets with annual results
Infrastructure investment group 3i Infrastructure said trading towards the end of its financial year has been in line with expectations with its portfolio performing well and delivering strong earnings growth.
Quiz announces board changes amid subdued trading
Shares in clothing retailer Quiz were sliding on Thursday morning, after it reported continued subdued trading alongside significant changes to its board, as part of a strategic review.
Europe open: Shares up as investors mull UK GDP; JD Sports in fashion
European shares opened higher on Thursday ahead of the Easter break as investors mulled UK GDP data confirming the economy entered recession last year and a handful of corporate updates.
International Public Partnerships manages 5pc dividend growth
Infrastructure investment company International Public Partnerships reported full-year dividend growth of 5% in its full-year results on Thursday, to 8. 13p per share, in line with the increased dividend target it had set earlier.
London open: Stocks edge up as investors mull GDP data; Spirent surges
London stocks edged up in early trade on Thursday, taking their cue from an upbeat session on Wall Street, as investors digested data confirming the UK fell into recession in the second half of last year.
Capricorn Energy announces $50m special divi alongside results
Capricorn Energy announced plans for a proposed $50m special dividend alongside its full-year results on Thursday.
888 reaches deal to sell US B2C operations for undisclosed amount
Gambling group 888 has announced that it is selling its B2C operations in the US to online sports betting and interactive gaming company Hard Rock Digital after a strategic review of the business.
JD Sports sees 'challenging' market as January sales slip
UK retailer JD Sports Fashion warned of “challenging” trading conditions after a weak January resulted in flat like-for-like fourth-quarter sales.
AO World sees FY profit ‘at least’ at top end of guidance
Electrical retailer AO World said on Thursday that FY24 adjusted pre-tax profit was set to be "at least" at the top end of the guided range of £28m to £33m.
UK regulator decides against in-depth probe of Aviva/AIG deal
Britain's Competition and Markets Authority on Thursday said it would not open an in-depth investigation into Aviva's £460m acquisition of AIG Life UK.
Data confirms UK fell into recession last year
The UK economy fell into recession in the second half of last year, according to final figures released on Thursday by the Office for National Statistics.
Keysight outbids Viavi in £1.2bn takeover of Spirent Communications
Keysight Technologies has reached a deal to buy Spirent Communications for £1. 16bn, outbidding US peer Viavi Solutions which had already agreed to take over the UK telecoms group earlier this month.
London pre-open: Stocks seen up; GDP in focus
London stocks were set to rise at the open on Thursday following a positive session on Wall Street, as investors digested data confirming the UK fell into recession last year.
JD Sports flags 'challenging' year, Keysight agrees £1.16bn Spirent acquisition
London open The FTSE 100 is expected to open 29 points higher on Thursday, having closed up 0. 01% on Wednesday at 7,931. 98.
Thursday newspaper round-up: Energy prices, national wage, Thames Water
Millions of households are being urged to submit meter readings to their energy supplier this weekend to ensure they do not overpay when cheaper prices come in on Monday. The consumer champion Martin Lewis is among those urging people to get their phones, pens and notepads out so that they benefit fully from the 12. 3% cut to the Ofgem energy price cap, which is altered quarterly. – Guardian.