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22 Aug
Cluff and Shell UK complete seismic survey over Pensacola
Oil rig, oil & gas, drilling

Natural resource investment company Cluff Natural Resources announced on Thursday that, alongside its operating partner Shell UK, it has completed a broadband 3D seismic survey extending to about 420 square kilometres over the Pensacola Prospect on licence P2252 in the Southern North Sea.

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22 Aug
Falcon Oil & Gas upbeat on approval at Kyalla

Falcon Oil & Gas announced on Thursday that the environmental management plan for the Kyalla 117 N2 horizontal appraisal well, for the planned 2019 drilling, stimulation, and well testing prepared by Origin Energy B2 on behalf of the joint venture, has been approved by the Northern Territory Department of Environment and Natural Resources in Australia.

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22 Aug
Wizz Air to launch new routes at Stobart's Southend Airport
ep stobart airreus

Stobart Group has signed an agreement with low-cost airline Wizz Air, which will launch three new routes from Southend Airport.

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22 Aug
CMA accepts Rentokil's undertakings for acquisition of Mitie pest control unit
rentokil rattrap

The Competition and Markets Authority said on Thursday that it will not be referring Rentokil Initial's proposed acquisition of Mitie's pest control business for an in-depth phase 2 investigation, as it has accepted the company's undertakings to address competition concerns.

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22 Aug
Playtech halves dividend as interim profits slide
Sun bingo Playtech gambling gaming

Playtech on Thursday halved its dividend as it reported that interim profits plummeted by almost €100m on the back of rocketing distribution costs, though revenue was boosted by its SnaiTech SpA acquisition.

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22 Aug
Tesco to ditch brands with excessive packaging
Tesco, retail, supermarkets

Tesco CEO Dave Lewis said that brands with excessive hard-to-recycle plastic packaging will be banned from its stores and that the company will eliminate own-brand products with the same packaging.

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22 Aug
Fed's George not ready to vote in favour of rate cuts

A top US central bank official made the case against further interest rate cuts so long as the American economy was growing at a pace near what rate-setters' forecast, pointing out that the costs associated with unwarranted policy easing.

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22 Aug
Tekcapital profits leap as portfolio gains value
calculadora1 portada

Tekcapital shares climbed on Thursday as interim revenue and profit soared on the back of an increase in the value of the company's investment portfolio.

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22 Aug
US jobless claims drop more than expected
City workers

The number of Americans filing for unemployment benefits dropped more than expected last week, according to data released by the Department of Labor on Thursday.

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22 Aug
Getech revenues slide following cutbacks to geoscience services unit
money pennys coins

AIM-listed group Getech expects interim revenues to slide following the downsizing of its geoscience services unit.

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22 Aug
Thursday broker round-up
amazon tritax warehouse logistics distribution online

Tritax Big Box Reit: Barclays downgrades to underweight with a target price of 130p.

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22 Aug
ECB sees potential need for fiscal stimulus to buttress growth

Policymakers at the European Central Bank put in motion preparations for further monetary stimulus when they last met, although they believed that if the Eurozone economy deteriorated significantly more then it would be national governments' turn to step in with higher spending, the minutes of their most recent policy meeting revealed.

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22 Aug
Jefferies reiterates 'buy' on Burford Capital, says business needs no new capital
Finance, graph

Analysts at Jefferies reiterated their 'buy' recommendation and 2,400. 0p target price for the shares of the litigation finance specialist, telling clients that the company remained the long-term leader in that "large, under-penetrated" market, further highlighting the "attractive, uncorrelated" returns on offer.

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22 Aug
CMC Markets sees annual profits ahead of analyst ranges
cmc markets, trading, traders, broker, markets

Online trading company CMC Markets said on Thursday that net operating income and pre-tax profit for the year to the end of March 2020 are expected to be "marginally" ahead of the upper end of analysts' ranges.

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22 Aug
Europe midday: Stocks slip ahead of key Fed speech

Stocks on the Continent failed to track the gains seen overnight on Wall Street despite stronger than expected readings for factory and services sector activity in the single currency bloc after China's Commerce Ministry warned the country would retaliate against any new US tariffs.

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22 Aug
Asia report: Markets mixed as Japanese manufacturing contracts again
Japan, Nikkei, Tokyo, Asia

Markets in Asia finished mixed on Thursday, with stocks in Japan marginally higher after the country’s manufacturing activity contracted for the fourth month in a row.

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22 Aug
Liberum cuts iron ore forecasts, downgrades host of miners
iron ore pellets ferrexpo

Liberum downgraded its ratings on a host of mining stocks on Thursday as it refreshed its bear case on iron ore, noting that credit growth is not fuelling Chinese property sales as in previous cycles.

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22 Aug
US pre-open: Futures point to losses as investors await news from Jackson Hole
New York Stock Exchange, NYSE, markets, Wall Street. Photo: Herval

Futures were pointing to losses on Thursday as investors awaited updates from the Federal Reserve's central banking symposium in Jackson Hole, Wyoming.

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22 Aug
London midday: Stocks fall further as ex-divs weigh; NMC rallies on deal speculation
boris-johnson-renonce-a-briguer-le-poste-de-premier-ministre

London stocks had fallen a little further into the red by midday on Thursday as investors digested mixed minutes from the Federal Reserve and a downbeat assessment of the UK retail sector, but NMC Health bucked the trend on deal news.

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22 Aug
Secure Property nets EUR 2m as Victini sale goes through
Euros , banknotes, single currency, euro , eurozone, money, cash. Image: TaxRebate.org.uk

South eastern Europe-focussed property company Secure Property Development & Investment announced the completion of the sale of its Victini Logistics property in Greece to Brook Lane Capital on Thursday.

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