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BNP Paribas beats forecasts comfortably with Q1 results
French banking giant BNP Paribas delivered an increase in profits in its first quarter on stable revenues, as it reiterated its guidance for the full year.
Revenue, earnings to fall at Driver Group
Dispute avoidance and resolution consultancy Driver Group said in a trading update on Thursday that it expected to report revenue of £22. 5m for its first half, slightly down from £24. 2m a year earlier.
Anglo American surges on £31bn takeover bid from BHP
Anglo American surged on Thursday after it received an unsolicited non-binding and highly conditional £31. 1bn all-share takeover proposal from Australia’s BHP Group - a deal that would create the world’s largest miner and copper producer.
Inchcape shares spike on higher Q1 revenues
Shares in Inchcape surged on Thursday as the car dealer reiterated its annual outlook after a 5% rise in first-quarter revenues.
Turkey central bank holds interest rates at 50%
Turkey’s central bank left interest rates on hold on Thursday at 50% as it said it was keeping a close eye on inflation.
US initial jobless claims hit two-month low
Americans lined up for unemployment benefits at a decelerated pace in the week ended 20 April, according to the Labor Department, dropping to the lowest level seen since February.
Micron secures $13bn funding package from White House
Micron Technology has secured more than $6bn in direct funding from the US government to help build leading-edge chip factories, it was announced on Thursday.
Berenberg lowers target price on Reckitt Group
Analysts at Berenberg lowered their target price on household goods manufacturer Reckitt Group from 5,800. 0p to 5,100. 0p on Thursday, citing limited visibility going forward.
Sainsburys sees strong profit growth this year on food pivot
UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.
Greece's Mytilineos considering secondary listing in London
Greek industrial and energy company Mytilineos said on Thursday that it was considering a potential secondary listing on the London Stock Exchange.
US pre-open: Futures lower as Meta guidance disappoints
Wall Street futures were in the red ahead of the bell on Thursday as investors digested disappointing earnings from some of the tech industry's biggest names.
Deutsche Bank Q1 profits boosted by investment banking
Deutsche Bank posted a jump in first-quarter pre-tax profit on Thursday, underpinned by a solid performance from investment banking.
UK retail sales tumble in April - CBI
The UK retail sector was hit by a surprise slump in sales in April, a closely-watched industry survey showed on Thursday.
London midday: FTSE 100 set for new high as earnings impress
A barrage of well-received corporate earnings and potential M&A activity in the mining sector gave London's FTSE 100 a boost on Thursday, with the index once again trading at record highs.
React H1 revenues grow, EBITDA surges
Cleaning firm React Group said on Thursday that revenues and profits had both grown in the six months ended 31 March.
Europe midday: BHP bid for Anglo in focus, but stocks in the red
European shares fell in early trade on Thursday amid a deluge of earnings, trading updates, disappointing results from US tech giant Meta and BHP's $38bn bid for rival mining giant Anglo-American.
Norman Broadbent net fee income drops in Q1
Professional services firm Norman Broadbent said on Thursday that net fee income had dropped in the three months ended 31 March.
Numis cuts Schroders target after Q1 AuM miss
Numis has trimmed its target price for Schroders after first-quarter results from the asset management firm were "a little weaker than expected".
Kromek wins contract with US federal entity
Radiation and bio-detection technology Kromek Group has secured a contract with an unnamed "US federal entity" for the provision of nuclear security products.