THE MOST READ

15 Nov
May pledges to drive Brexit plan through despite Cabinet turmoil

UK Prime Minister Theresa May vowed to push through her Brexit after a day of turmoil that saw two Cabinet ministers quit and MPs openly talking of a no-confidence vote.

15 Nov
US close: Stocks reverses earlier losses as investors remain hopeful of improved US-China relations

US stocks closed higher on Thursday, reversing losses seen in the previous session, as the dollar surged against the pound and investors continued to eye the headlines around trade talks between the US and China.

15 Nov
London close: FTSE finishes flat as ministers resign over Brexit

London stocks gave up its earlier gains to finish flat on Thursday as the pound tumbled in the wake of Brexit Secretary Dominic Raab's resignation, with banks and housebuilders also hit by concerns about the EU divorce process.

15 Nov
Liberum maintains 'sell' stance on Royal Mail, dividend growth 'unsustainable'

Liberum analysts issued a damning report on shares of Royal Mail, reiterated their ‘sell’ rating on Thursday, stating that dividend growth was "unsustainable" and that the firm faces "significant" structural challenges with scant visibility on how things can be turned around, even if the sharp falls in profits across the board were “unsurprising” given an October profit warning.

15 Nov
FTSE 250 movers: Brexit knocks down housebuilders as precious metals shine

London's FTSE 250 was down 1.67% at 18,594.41 in afternoon trade on Thursday, as housebuilders fell amid Brexit chaos in Theresa May's cabinet.

15 Nov
US open: Dow Jones on track for longest decline in five months

Wall Street trading began with losses on Thursday, following on from those seen during the previous session, as the dollar surged against the pound and investors continued to eye headlines around trade talks between the US and China.

15 Nov
Deutsche Bank slashes British American Tobacco target price

Analysts at Deutsche Bank slashed their target price on shares of British American Tobacco after reviewing the potential actions that the US Food and Drug Administration might take on menthol cigarettes and litigation risks in Canada.

15 Nov
FTSE 100 movers: Banks and housebuilders slide amid Brexit turmoil

London's FTSE 100 was down 0.6% to 6,989.69, with UK-focused stocks under the cosh amid Brexit turmoil.

15 Nov
Friday preview: Brexit, US capital flows in focus

The focus at the weekend will continue to be on the withdrawal process, with investors focusing on the risk of further Cabinet resignations even as they keep a tally of how many MPs support, or do not, a no-confidence vote against the Prime Minister.

15 Nov
Credit Suisse upgrades UK equities, says early elections 'unlikely'

Credit Suisse upgraded its view on UK stocks on Wednesday, arguing that investors had 'thrown in the towel', leaving shares undervalued in the process.

15 Nov
Capita shares tank after NHS cancer screening blunder

Capita shares tumbled a day after it emerged that the company had failed to deliver thousands of cervical cancer screening letters to patients as part of a contract with NHS England.

15 Nov
Broker tips: G4S, Royal Mail, British American Tobacco

Credit Suisse lowered its estimates on G4S following its third-quarter trading statement, but the Swiss bank said the private security outfit's investment case was still "sufficiently attractive" for it to reiterate its 'outperform' rating on the group.

15 Nov
London midday: Banks and builders chip at FTSE gains, pound tanks as Raab resigns

London stocks were up but off earlier highs by midday on Thursday as the pound tumbled in the wake of Brexit Secretary Dominic Raab's resignation, with banks and housebuilders also hit by concerns about the EU divorce process.

15 Nov
Tobacco stocks fall as FDA cracks down on ecig flavours

Tobacco stocks tumbled on Wall Street after US regulators announced new restrictions on flavoured electronic cigarettes.

15 Nov
Walmart sales beat forecasts, helped by Asda

Walmart turned in a stronger-than-expected set of sales figures ahead of the all-important holiday season, leading the retailer to boost its full-year outlook and put rival Amazon on notice.

15 Nov
Director dealings: Connect CEO ups stake

Connect Group chief executive Jos Opdeweegh purchased 535,935 ordinary shares in the London-listed distribution and logistics provider on Thursday.

15 Nov
Europe close: Stocks dip with UK and Italian politics in focus

Stocks across the Continent finished near their worst levels of the session as investors digested the ongoing political convulsions in London, even as they kept a wary eye on the Italian government's antics with Brussels over its 2019 budget.

15 Nov
Learning Technologies buys rest of Watershed, ups medium-term goals

Integrated digital learning and talent management provider Learning Technologies Group announced the acquisition of the remaining 70% of Watershed Systems on Thursday.

15 Nov
Patisserie Valerie dumps CEO for turnaround guru Francis

Patisserie Holdings, the company that operates the Patisserie Valerie chain, replaced chief executive Paul May with former Tulip boss Stephen Francis on Thursday, as the company looks to get back on its feet after accounting irregularities came to light.

15 Nov
Cryptocurrencies drop 12% to hit a one-year low

Cryptocurrencies were adding to their Wednesday plunge with the best-known of them, Bitcoin, down 12.61% to $5,428.

15 Nov
Thursday broker round-up

Bovis Homes: Shore Capital Markets upgrades to hold with a target price of 967p.

15 Nov
Thursday newspaper round-up: Brexit deal, GVC, Facebook, vaping cigarettes

Theresa May confronted her mutinous party with the threat of “no Brexit at all” after she forced her draft deal with the EU through a divided cabinet. Esther McVey, the welfare secretary, was believed to be on the verge of quitting last night after clashes at the end of a marathon five-hour meeting. She was shouted down by the chief whip and cabinet secretary after she demanded a vote by ministers on the deal. – The Times

15 Nov
Sector movers: Banks, builders, utilities cower as govt wobbles over Brexit

Banks, housebuilders and utility companies were under the cosh on Thursday as may UK-facing stocks suffered, while miners gleamed.

15 Nov
G4S update makes Credit Suisse more cautious

Credit Suisse lowered its estimates on G4S following its third-quarter trading statement, but the Swiss bank said the private security outfit's investment case was still "sufficiently attractive" for it to reiterate its 'outperform' rating on the group.

15 Nov
GVC avoids £700m payment for Ladbrokes takeover

GVC Holdings avoided paying almost an extra £700m for its acquisition of Ladbrokes after the government issued a new ruling on the UK fixed-odds betting machines.