UK banks have tightened up consumer lending, the Bank of England confirmed on Thursday, as speculation continues that an interest rate rise is looming.
Analysts at Cannacord Genuity trimmed their target price on Ophir Energy to reflect its recent disappointing update to investors and increased regulatory/legal risk in Tanzania.
London stocks took a breather after the previous day's gains with remarks from the Monetary Policy Committee's most vocal hawk weighing on sentiment a tad.
Wall Street was trading on the frontfoot with some of the main market gauges trading just off their record and 52-week highs, underpinned by a dovish congressional testimony from Federal Reserve Chair Janet Yellen a day earlier.
London's FTSE 100 was down 0.1% to 7,413.15 in afternoon trade.
UK chancellor Philip Hammond would have to find an extra £33bn in public funds in order to keep the national deficit at its current level of 2.4% and avoid austerity, the Institute for Fiscal Studies has said.
Sports Direct has bought 44m shares in video game retailer Game Digital, equivalent to a stake of 25.8%, just weeks after a profit warning sent the stock tumbling more than 30%.
Markets in Asia finished mostly in the red on Wednesday, amid lighter volumes as traders began to close their wallets ahead of Federal Reserve chair Janet Yellen's testimony before the US Congress.
Kingfisher's attempt to implement joint-buying across the group will fail again (for a third time in fact) but at their current price the shares were implicitly assigning almost zero value to almost all its units, leading Morgan Stanley to double-upgrade the stock from 'underweight' to 'overweight'.
The Bank of England might be in the middle of upgrading our cash from paper to plastic, but it appears consumers are well ahead of the curve, with new data suggesting Britons are using cards more than the folding stuff for the first time ever.