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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.
Unilever reiterates guidance after solid first quarter
Consumer products giant Unilever maintained its full-year guidance after a solid first quarter, which saw all five business divisions contributing to underlying sales growth.
London pre-open: Flat start expected as earnings flood in
UK stocks are expected to open flat on Thursday, holding close to the record highs seen earlier in the week, as investors digested a barrage of corporate earnings and awaited some key economic data.
Barclays Q1 profits fall 12%
Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates.
Anglo American confirms takeover proposal from BHP
Anglo American confirmed on Thursday that it had received an unsolicited non-binding and highly conditional all-share takeover proposal from Australia’s BHP Group.
Thursday newspaper round-up: Matchesfashion, Burberry, Boeing
The UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon. The Competition and Markets Authority (CMA) announced that it was examining Microsoft’s investment in the French firm Mistral and the hiring of the DeepMind co-founder Mustafa Suleyman as head of the US company’s new AI division. The watchdog is also scrutinising Amazon’s $4bn (£3. 2bn) investment in the US AI firm Anthropic.