Market Report
Savannah says Portuguese lithium project potentially 'major' producer
AIM-quoted resource development company Savannah Resources said on Thursday that its Mina do Barroso lithium project in Northern Portugal has the potential to be a "major European producer" of spodumene lithium.
Results round-up
Revolution Bars was under the cosh on Thursday as it warned that adjusted earnings for the year would be in line with last year's results and below analysts' expectations amid challenging trading conditions, with the blamed laid on weather and the absence of a CEO.
Europe close: Stocks jump as ECB delivers 'dovish' end to QE
Stocks bounded higher on Thursday after the European Central Bank surprised markets by signalling that interest rates were very unlikely to head higher before September of 2019.
FX round-up: Sterling jumps against euro, US dollar leaps against Argentine peso
Sterling had a torrid run against the single currency on Thursday, after the European Central Bank managed to again catch foreign exchange traders on the hop by delivering a 'dovish' end to its plans to end quantitative easing.
London close: Shares shoot higher after ECB kicks hikes into long grass
London stocks climbed back to their feet on Thursday afternoon along with continental peers after the European Central Bank said it was unlikely to raise rates before autumn next year.
Samsung to commit to using 100% renewable energy
Samsung announced today its plan to commit to 100% renewable energy in the US, Europe and China by 2020 as the South Korean giant succumbs to months of global protests.
US open: Stocks go green following losses in previous session
Wall Street trading began on a positive note on Thursday following losses that came in the previous session after a somewhat hawkish update from the Federal Reserve.
ECB announces end of QE, interest rates to be unchanged at least through mid-2019
The European Central Bank has decided to end its asset purchase programme at the end of 2018, although interest rates will remain at their current levels - at least - "through" the summer of 2019.
Market buzz: EU tariffs, US yields lower, ECB surprise, OPEC, Brexit
1606: EU has reportedly reached an agreement on retaliatory trade tariffs against US made goods.
CyanConnode gets another European purchase order
Narrowband radio mesh networks company CyanConnode announced a purchase order worth €0. 18m from one of its existing partners - an unnamed “industry leader” in energy management solutions - for a smart metering deployment for a European utility on Thursday.
EQTEC selected as exclusive supplier for Hanoi power plant
Waste gasification-to-energy technology company EQTEC has signed a memorandum of understanding (MoU) with Pt. CITRA Metro Jaya Energi, which is part of the Energy division of the Indonesian Citra Metro Group, to supply its ‘EQTEC Gasifier Technology’ (EGT) for a 12 MWe power plant in Hanoi, Vietnam.
FTSE 100 movers: Rolls-Royce rallies but Pearson hit by downgrade
London's FTSE 100 was up 0. 9% to 7,770. 48 in afternoon trade on Thursday as investors mulled over better-than-expected UK retail sales figures and news that the ECB will end it quantitative easing programme at the end of the year.
US retail sales volumes more than double forecasts in April
US consumers took Main Street by storm in April with sharp increases seen in outlays on building materials, gasoline and clothing.
FTSE 250 movers: Aveva surges on results; PZ Cussons in a lather
London's FTSE 250 was up 0. 4% to 21,314. 49 in afternoon trade on Thursday as investors digested rate announcements from the Fed and the ECB, and better-than-expected UK retail sales data.
RhythmOne losses widen on acquisition costs
RhythmOne saw its annual loss widen as a result of increasing costs linked to its recent acquisitions.
May's government risks collapse over 'meaningful vote' dispute
Theresa May’s government is in danger of crumbling if party rebels defeat her Brexit deal with the EU, a senior Tory MP has warned.
ITM Power sees pipeline growth, but 'one-offs' to result in full-year cash loss
Energy storage and clean fuel firm ITM Power on Thursday released a pre-close trading update showing strong growth in its orders and tender opportunity pipelines, although higher-than-expected costs were expected to result in a cash loss.
Former Stobart CEO Andrew Tinkler gets the sack
Stobart Group, the owner of Southend Airport, has sacked director and former chief executive Andrew Tinkler - who was said to have been seeking to oust the company's chairman - with immediate effect following the receipt of "comprehensive legal advice".
Friday preview: Tesco slight slowdown expected, BoJ to stand pat
Ending a week that saw the US central bank raise rates, its European counterpart plot an end to quantitative easing, the Bank of Japan is not expected to continue pulling the tightening thread on Friday, while in UK company news Tesco will provide an update on recent trading.
Primary Health Properties buys Moredon Medical Centre in Swindon
Primary Health Properties said on Thursday that its wholly-owned subsidiary has bought the Moredon Medial Centre, a standing let investment property in Swindon.