Europe close: Stocks push higher despite AI sell-off
European stocks rose for the second straight session on Thursday, with the Stoxx Europe 600 index hitting its highest in over three weeks, helped by the region's relatively low exposure to the global AI sell-off.
Culture Secretary 'minded to intervene' in Sky-ITV deal
Culture secretary Lisa Nandy on Thursday revealed that she is "minded to intervene" in Sky's proposed takeover of ITV's media and entertainment activities, suggesting possible legislation of the streaming industry may be needed.
Friday preview: Man Group update, eurozone inflation eyed
Friday will mark a fairly quiet end to a busy week that saw the release of a slew of US bank earnings.
London close: FTSE rallies after better-than-expected GDP data
London stocks ended firmly in the black on Thursday, underpinned by better-than-expected UK GDP data and a strong showing from software-related names, and shrugging off another tech selloff in Asia.
Broker tips: Discoverie, Avon Technologies
Analysts at Berenberg lifted their target price for DiscoverIE from 1,050p to 1,100p on Thursday, citing sustained organic momentum, a strengthening order book and earnings running ahead of expectations.
Director dealings: British American Tobacco's Karen Guerra purchases shares
British American Tobacco revealed on Thursday that non-executive director Karen Guerra had acquired 6,000 ordinary shares in the FTSE 100-listed tobacco giant.
Deutsche Bank hikes target price on Avon Technologies
Deutsche Bank lifted its price target for Avon Technologies from 2,000p to 2,480p, saying last week's strategy event underscored the scale of the group's turnaround and justified higher earnings estimates.
FTSE 100 movers: Software stocks gain, miners in the red
London’s FTSE 100 was up 0. 8% at 10,811. 50 in afternoon trade on Thursday.
US open: Stocks mixed as energy‑driven PPI surge, AI jitters weigh on sentiment
Major indices were mixed early on Thursday as a sharp jump in producer prices added to pressure on tech stocks, following a hotter‑than‑expected inflation reading and fresh worries over AI‑related overspending.
BNY beats forecasts as quarterly profits jump 20%
The Bank of New York Mellon reported double-digit growth in third-quarter revenues and profits on Thursday, beating market expectations as higher client activity, new business and rising asset values boosted performance.
US retail sales up 0.8pc in September as higher fuel prices feed through
US retail sales rose 0. 8% month‑on‑month in September, according to the Census Bureau, comfortably beating expectations and building on August's upwardly revised 1. 3% gain.
US initial jobless claims edge slightly higher
US jobless claims edged slightly higher in the week ended 10 October, but remained close to multi‑decade lows, underscoring the continued resilience of the labour market.
US producer prices jump in September as energy costs surge
US producer prices jumped in September, posting their strongest monthly rise in more than four years as energy costs surged, according to the Bureau of Labor Statistics.
AstraZeneca enters into strategic drug discovery deal with AI biotech Insitro
AstraZeneca said on Thursday that it will pay up to $1. 86bn to enter a new strategic drug discovery collaboration and licensing agreement with Califiornia-based AI biotech firm Insitro.
Berenberg lifts target price on Discoverie following H1 update
Analysts at Berenberg lifted their target price for DiscoverIE from 1,050p to 1,100p on Thursday, citing sustained organic momentum, a strengthening order book and earnings running ahead of expectations.
Q1 sales beat expectations at Pernod Ricard
Pernod Ricard posted a smaller-than-expected decline in quarterly sales on Thursday, as buoyant demand in India helped offset tougher trading in the US and China.
Ericsson shares surge as strong network sales lift Q3 revenues
Shares in Swedish telecoms equipment maker Ericsson surged nearly 10% on Thursday after the company reported stronger-than-expected third-quarter sales, driven by robust demand for network equipment in Asia and the Middle East.
US pre-open: Futures mixed as tech slides on AI spending fears
Wall Street futures were mixed ahead of the opening bell on Thursday with tech under pressure once again as investors reacted to fresh concerns over AI‑related spending and a hawkish shift in rate expectations.
Big Yellow 'continually' evaluating all options after Ancora calls for sale
Big Yellow said on Thursday that it was "continually" evaluating all options for maximising shareholder value after activist investor Ancora Holdings Group urged the self-storage company to explore a sale.