Market Report
US close: Markets remain red as trade concerns remain
Wall Street finished Thursday as red as it opened, as simmering tensions between the US and China remained firmly on investors' minds.
BoE keeps rates unchanged, but Haldane joins 'hawks'
The turnout of the Monetary Policy Committee's meeting on Wednesday, which was published today, was more hawkish than expected, as the Bank of England's chief economist joined the ranks of those who were calling for an immediate hike in Bank Rate.
SDX confirms prospectivity at Egyptian and Moroccan assets
North Africa focused oil and gas company SDX Energy has confirmed prospectivity at its SD-1X and SD-4X discoveries in the Abu Madi horizon in Egypt.
Sector movers: Housebuilding and defence sector lead fall
Leading London's main stock indices lower on Thursday were industrial metals, housebuilders and the defence sector.
Results round-up
Defence contractor Chemring said on Thursday that it swung to a first-half profit and that it expects to continue to gain from increased US defence spending.
Europe close: Chinese tariffs knock Daimler lower, Italy weighs on periphery
European stocks finished at their session lows as global trade concerns began to bite and as some of the new Italian government's moves triggered selling across the euro area periphery.
London close: Housebuilders lead retreat after BoE's hawkish surprise
London stocks gave back two days' gains on Thursday as the pound rebounded after the Bank of England took a surprisingly more hawkish turn, which also hit housebuilding stocks.
Goldman Sachs considering cryptocurrency expansion
US investment bank giant Goldman Sachs is exploring the possibility of expanding the cryptocurrency trades that it currently handles, according to chief operating officer David Solomon.
Broker tips: Sainsbury's, Rathbone Brothers, Rio Tinto, Crest Nicholson
Sainsbury's takeover of Asda could get competition clearance but much about how the deal will play out remains unclear, Shore Capital analysts said.
US Supreme Court paves way for states to hit online merchants with sales taxes
The US Supreme Court opened the door for states to collect sales taxes on products purchased by residents from Internet retailers in other states on Thursday.
Trade minister quits over construction of Heathrow's third runway
Greg Hands quit as trade minister on Thursday so as to be able to more freely oppose the expansion of London Heathrow airport in a vote in the House of Commons next week.
Market buzz: BofA dissents from BoE, Amazon hit by Supreme Court
1639: BofA-ML on today's MPC decision: "The minutes from today's meeting contain a number of inconsistencies we find it hard to square (which we explore in this report). While we continue to believe the data will not justify the BoE hiking rates in August, today's meeting increases the risk that they hike regardless.
Daimler issues profit warning, blaming US-China trade tensions
German automotive giant Daimler told investors to expect lower earnings this year due to escalating tensions between the US and China.
US house prices marginally higher in April, FHFA says
House prices in the US edged higher in April led by gains in the North East and in the West.
Web.com agrees to be bought by Siris Capital in $2bn deal
Web. com Group, a provider of internet services and online marketing solutions, has agreed to be bought by an affiliate of Siris Capital Group in an all-cash deal valued at around $2bn.
US open: Sombre start to trading as trade tensions resurface
Wall Street trading kicked off with across-the-board losses on Thursday as simmering tensions between the US and China remained firmly on investors' minds.
Dalradian Resources' shares rocket after C$537m Orion bid accepted
Mineral exploration and development firm Dalradian Resources on Thursday confirmed that it has received and accepted a takeover bid from Orion Mine Finance of C$537m.
US Supreme Court rules states can require payment of sales taxes online
Shares of internet giant Amazon. com are lower after the Supreme Court of the United States ruled that state governments can require the online collection of sales taxes.
Director dealings: PTSG managing director lowers stake
Roger Teasdale, managing director of specialist services provider Premier Technical Services Group, sold 2. 48m ordinary shares in the AIM-quoted firm on Thursday, shortly after being granted 5. 22m shares following the company's £10m and £12m EBITDA milestone targets being met in its last trading year.
Sainsbury's deal needs more clarity, Shore analysts say
Sainsbury’s takeover of Asda could get competition clearance but much about how the deal will play out remains unclear, Shore Capital analysts said.