London close: Stocks erase early gains after Wall Street sell-off
UK stocks gave up earlier gains by the close of play on Thursday as a rough start on Wall Street hammered market sentiment, while investors reacted to the Bank of England's first rate in three years.
Europe close: Stocks fall as markets reassess mid-term elections
European stocks finished mostly lower on Thursday with the benchmark Stoxx 600 retreating from a three-month high following a steep sell-off on Wall Street.
Derwent London flags strong third quarter, points to record year
Derwent London flagged further progress with both leasing and developments on Thursday, as the real estate investment trust updated on third-quarter trading.
FTSE 100 movers: Defence firms fall again; Fresnillo shines
London’s FTSE 100 was down 0. 3% at 10,801. 20 in afternoon trade on Thursday.
US open: Stocks tank, Nasdaq drops 4pc as post-election rally fades
US stock markets opened sharply lower on Thursday as the post-midterm election rally quickly faded, with tech stocks under intense selling pressure.
Shares in Maersk sink despite buoyant quarter
Shares in AP Moller-Maersk came under pressure on Thursday, despite the shipping giant boosting full-year guidance, after third-quarter numbers underwhelmed.
Broker tips: Next, Helios Towers
Jefferies reiterated its 'hold' rating and 15,800p target price on Next after the retailer's third-quarter update, arguing that robust international growth continued to offset a more subdued performance in the UK.
Asos returns to growth but flags hit from cyberattack
Fast fashion retailer Asos posted improved earnings on Thursday as it returned to growth following a difficult period, but warned a recent cyberattack had dented current trading.
RS Group H1 profit, sales rise amid outperformance in all regions
RS Group reported a rise in first-half profit and revenue on Thursday following outperformance in all of its regions.
Vesuvius expects flat profits as refractories business remains under pressure
Molten metal engineering group Vesuvius said on Thursday that full-year profits are expected to be broadly flat on a constant-currency basis, as improving performances in two of its divisions were offset by continued challenges in its Advanced Refractories business.
International sales help Next Q3 beat expectations
Third quarter sales at Next beat expectations, driven by the clothing retailer’s international operations, although UK growth was volatile after the hot summer weather that deterred shoppers from venturing out.
OSB Group hails in line performance as net loan book rises
Specialist lender OSB Group reported a rise in its net loan book on Thursday, saying its performance in the nine months to September end was in line with expectations and guidance.
Foxtons maintains profit outlook despite weaker Q3 revenues
Foxtons maintained its full-year profit guidance on Thursday despite reporting a 6% drop in third-quarter revenues, as weaker property sales and disruption following the introduction of the Renters’ Rights Act continued to weigh on trading.
Director dealings: DP Poland's Glebocki lifts stake
DP Poland revealed on Thursday that non-executive director Przemyslaw Glebocki had acquired 345,000 ordinary shares in the AIM-listed Polish pizza stores operator.
Bank of England lifts interest rates to 4%
The Bank of England increased the cost of borrowing on Thursday for the first time in more than three years.
Berenberg lifts Helios Towers target price after Q3 beat, FY27 guidance boost
Analysts at Berenberg raised their target price on Helios Towers to 310p from 295p on Thursday, citing another quarter of ahead-of-expectations operational performance, upgraded full-year guidance and stronger-than-expected initial forecasts for 2027.
Howdens sees sales spark, reaffirms outlook
Howden Joinery Group reaffirmed full-year guidance on Thursday, despite wider weakness in the construction sector, on robust demand from both trade and consumer customers.
Jefferies stays at 'hold' on Next despite strong international growth
Jefferies reiterated its 'hold' rating and 15,800p target price on Next after the retailer's third-quarter update, arguing that robust international growth continued to offset a more subdued performance in the UK.
Norges Bank leaves rates at 4.5% as expected
Norway’s central bank left interest rates unchanged at 4. 5% on Thursday, as expected, but signalled its willingness to hike if inflation remains high.