Sept 12 (Reuters) - Gold jumped more than 1.5% on Thursday after the European Central Bank cut deposit interest rates and relaunched quantitative easing, bolstering expectations for a dovish stance from the U.S. central bank at its meeting next week.
Spot gold was up 0.6% to $1,506.35 per ounce at 10:33 a.m. EDT (1433 GMT).
UK's Morrisons says talk of firm as takeover target "pure speculation" Thu, 12th Sep 2019 08:14Thomson Reuters LONDON, Sept 12 (Reuters) - Talk that Morrisons, Britain's No. 4 grocer, could be subject to a takeover bid is "pure speculation", its chief executive David Potts said on Thursday.
Industry analysts have suggested that Morrisons could be a candidate for a potential takeover, possibly from an overseas private equity firm, given the weakness of the pound making deals cheaper and the group's 27% share price fall over the last year. (Reporting by James Davey; Editing by Alistair Smout)
Luceco (LON:LUCE) Stock Rating Upgraded by Peel Hunt Posted by Denise Randall on Sep 11th, 2019
Luceco logoLuceco (LON:LUCE) was upgraded by equities research analysts at Peel Hunt to a “buy” rating in a research note issued on Monday, ThisIsMoney.Co.Uk reports. The firm currently has a GBX 96 ($1.25) price objective on the stock, down from their previous price objective of GBX 120 ($1.57). Peel Hunt’s price target suggests a potential upside of 20.00% from the stock’s previous close.
One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Capita currently has a consensus rating of Buy and a consensus target price of GBX 155.29 ($2.03).