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London close: Stocks end flat as May seeks EU assurances; retailers slump
London stocks ended Thursday’s session broadly steady as initial relief over Theresa May's confidence vote victory gave way to concerns about how she's going to get her Brexit deal through parliament.
Peel Hunt downgrades Sports Direct after interims
Peel Hunt downgraded its stance on Sports Direct to ‘hold’ from ‘add’ on Thursday and cut the price target to 260p from 450p following the retailer’s interim results.
FTSE 100 movers: Tui trots higher on results; retailers under the cosh
London’s FTSE 100 was flat at 6,878. 25 in afternoon trade on Thursday as investors continued to fret about how Theresa May will get her Brexit deal through parliament.
Vertu Motors appoints Karen Anderson as new CFO
Automotive retailer Vertu Motors has appointed Karen Anderson as its new chief financial officer with effect from 1 March 2019.
General Electric launches $1.2bn IoT business
General Electric has announced the launch of a $1. 2bn Industrial Internet of Things (IIoT) software business.
US pre-open: Stocks seen slightly lower despite signs of improving trade relations
US futures pointed to a slightly lower open on Wall Street on Thursday, despite signs of improving trade relations between the US and China.
London midday: Stocks turn lower as focus shifts back to Brexit deal
London stocks had slipped into the red by midday on Thursday, in line with their European peers, as initial relief over Theresa May's confidence vote victory gave way to concerns about how she's going to get her Brexit deal through parliament.
WANdisco secures $3m contract with US health insurer
Software company WANdisco has secured its largest ever cloud contract with a "major" US health insurer, worth around $3m.
Purplebricks losses widen in first half
Hybrid estate agent Purplebricks downgraded its revenue guidance for the year on Thursday amid "challenging" market conditions, as it posted a widening of first-half losses but a rise in revenue.
Cost-saving initiatives help Koovs to narrow losses
AIM-listed online fashion retailer Koovs said on Thursday that it had narrowed its interim losses thanks to cash preservation and cost-saving initiatives.
Tui full-year earnings rise 11%, expects more of the same for 2019
Holiday group Tui posted a 10. 9% increase in full-year underlying earnings on Thursday and said it expects more of the same for 2019.
Sports Direct interim profit drops as HoF weighs
Sports Direct posted a drop in underlying interim profit on Thursday, weighed by losses at House of Fraser, which it bought back in August.
London open: Stocks edge higher as May sets off for Brussels
London stocks edged higher in early trade as Theresa May headed to Brussels for an EU summit after surviving a no-confidence vote on her leadership.
UK house prices at six-year low amid Brexit uncertainty - RICS
The UK property market fell to its lowest level in more than six years last month as Brexit uncertainty meant that buyers and sellers opted to sit tight, according to the latest survey from the Royal Institution of Chartered Surveyors.
London pre-open: Stocks seen muted as May heads to Brussels
London stocks were set for a muted open on Thursday as Theresa May heads to Brussels for an EU summit after surviving a no-confidence vote on her leadership.
Thursday newspaper round-up: Brexit, gambling ads, derivatives
Brexit is battering the UK property market, pushing it to its weakest level in more than six years, with almost half of surveyors reporting that sellers and buyers are sitting tight because of political uncertainty. The Royal Institution of Chartered Surveyors (Rics) said its monthly indicators for demand, supply and prices fell to multiyear lows in November. – Guardian.