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JP Morgan model puts odds of recession in next 2 years at over 50%
The odds that the US economy will slide into a recession in 2019 are high, standing at about roughly 28%, according to the results of a model used by JP Morgan.
EU deems Italian budget 'unacceptable', bond yields spring higher
The European Commission sent a letter to Rome on Thursday, querying authorities about the assumptions for economic growth underlying their budget proposals.
Europe close: Stocks drop after Commission queries six states on fiscal plans
Stocks across the Continent retreated on Thursday, with investor sentiment souring following the release of a 'hawkish' set of US central bank meeting minutes the day before.
Director dealings: Telit chairman ups stake
Telit Communications chairman Paolo Dal Pino purchased 135,000 ordinary shares in the AIM-listed tech firm.
Santander next bank in line in German tax evasion probe
Spanish bank Santander is the latest bank to come under scrutiny from German prosecutors' probe into alleged tax evasion practices which may have cost the government around €10bn.
London close: Stocks slip as Brexit summit and retail sales disappoint
London stocks limped lower on Thursday as Brexit squabbling hit the pound along with disappointing retail sales data and hawkish minutes from the US Federal Reserve.
Smart Metering Systems gains 1m access points through new agreement
Smart Metering Systems (SMS) signed an exclusive agreement to install and provide meters for energy provider First Utility until 31st December 2021.
Philip Morris sales and revenue grow as IQOS sales dart up
Tobacco giant Philip Morris turned in better-than-expected quarterly profits on Thursday, with the company's figures boosted by increased sales of its IQOS tobacco-heating device.
Friday preview: China data, London Stock Exchange in focus
Markets' focus will switch back towards China at the end of the week with a barrage of economic indicators set for release, including readings on third quarter gross domestic product, as well as on on retail sales, industrial production and fixed asset investment for the month of September.
Broker tips: Boohoo, Mediclinic, OneSavings Bank
Bank of America Merrill Lynch initiated coverage of fast fashion retailer Boohoo with a ‘buy’ rating and 280p price target on Thursday.
New Look to exit Chinese market
Fashion retailer New Look has announced plans to exit its retail business in China by the end of the year.
FTSE 250 movers: Domino's enjoys slice of fortune, Games Workshop bashed
London's mid cap index was roughly unchanged at 19,019. 35 late on Thursday, as Domino's Pizza leaped and Mediclinic slumped.
RWS Holdings revenues soar in 'transformational year'
AIM-listed intellectual property firm RWS Holdings saw revenues soar in its last trading year following its recent acquisition of Czech translation service Moravia.
Tariffs will take toll on US economy, warns UBS
A tricky period lies ahead for the US, warned UBS, as Donald Trump’s trade war with China begins to exert a sizeable but passing influence on an economy enjoying multi-decade lows in unemployment and undergoing monetary tightening.
Applied Graphene losses widen as contract delays limit revenues
Industrial coatings producer Applied Graphene Materials assured investors it has been working to convert several of its 120 commercial engagements into supply agreements after the London-listed outfit turned in another heavy loss on Thursday.
FTSE 100 movers: Pearson pops higher but CRH hit by HeidelbergCement warning
London’s FTSE 100 was up 0. 1% to 7,063. 52 in afternoon trade on Thursday.
US open: Losses at the bell following latest Fed minutes
Wall Street trading began with more losses on Thursday as investors continued to digest the latest set of meeting minutes from the Federal Reserve.
Russian rouble steady despite hawkish Fed minutes
Russia's rouble was recovering from earlier weakness triggered by what analysts labeled a 'hawkish' set of US central bank meeting minutes.
Modern Water enters collaboration deal with South Africa's WEC Projects
Water and wastewater technology company Modern Water has entered into a collaboration agreement with South African EPC contractor WEC Projects, it announced on Thursday.
Urban Logistics pleased with first half leasing progress
Specialist UK logistics real estate investment trust Urban Logistics updated the market on its trading on Thursday, following the close of its interim financial reporting period to 30 September, claiming a like-for-like increase of 6. 6% in its portfolio valuation since 31 March, to £173. 8m.