The Bank of England acted as expected and trade tensions eased but London stocks lost territory on Thursday as weakness in the retail sector combined with late gains for the pound against the dollar.
London has been overtaken by New York at the top of a long-running ranking of the top global financial centres, with Brexit uncertainty pulling the city off the top-spot for the first time in three years.
Stocks on the Continent finished the session on a mixed note, buoyed by a more aggressive than expected interest rate hike by Turkey's central bank and after the European Central Bank stayed put on monetary policy, although rate-setters in Frankfurt did trim their forecasts for growth and inflation in the euro area for 2018 and 2019.
The UK have pledged to provide data that could help reach a solution to prevent a hard border in Ireland post-Brexit, according to Bloomberg.
RBC Capital Markets initiated coverage of Majestic Wine at ‘outperform’ with a 550p price target on target on Thursday, saying its analysis has shown that Naked Wines is deeply undervalued.
Analysts at Berenberg lowered their target price on Domino's Pizza on Thursday, saying that several issues that had plagued the group during the first half of last year had returned to the fore.
Kroger stock dropped more than 10% after second quarter results disappointed, with reporting same-store sales that have disappointed analysts as the US retail giant made investments in online services to compete with Amazon and Walmart.
Biopharmaceutical company Oxford Biomedica saw its shares rise on Thursday after its first half gross income more than doubled due to two huge contracts.
Morrisons declared a bumper special interim dividend after like-for-like sales in the second quarter grew at the fastest rate since 2009 thanks to speedier development of its wholesale deals and other innovative uses of store space.
London's FTSE 250 was down 0. 12% at 20,355. 42 in afternoon trade on Thursday.
US regulators' warning to electronic cigarette companies about combatting the rising use among youth held "positives" for big cigarette companies such as British American Tobacco and Imperial Brands, said analysts at UBS, Jefferies and Liberum on Thursday.
Trading on Wall Street got off to a positive start on Thursday with shares of Apple leading the way as investors welcomed the latest developments between the US and China on the trade front.
AIM-listed Scapa has announced the acquisition of Acelity's advanced wound dressings manufacturing facility in Gargrave for £31m in cash.
Ophir Energy will "significantly downsize" its presence in London ahead of its transitioning into being an Asia-led firm.
Ophir Energy's interim chief executive Alan Booth purchased 100,000 ordinary shares in the firm on Thursday.
Metminco saw its losses narrow significantly during the first half of its trading year.
The focus at the weekend - barring surprises around international trade or Brexit - will be on a barrage of economic data scheduled for release in the States.
London’s FTSE 100 was down 0. 3% to 7,292. 23 in afternoon trade on Thursday as investors digested the latest policy announcement from the Bank of England.
Attraqt Group has signed a £640,000 multi-year contract with an "iconic" British luxury brand.
Workspace has exchanged contracts to buy The Shepherds Building in W14 from Helical for £125. 3m in cash, in a deal that will be funded from existing facilities.