Latest News
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.
London open: Mining M&A and earnings give UK markets a boost
UK stocks were back in uncharted territory on Thursday morning, on track for its third record closing high of the week after some profit taking the previous session.
Drax describes strong first quarter performance
Drax Group reported strong system support and generation performance in a first-quarter update on Thursday, with its expectations for full-year adjusted EBITDA remaining in line with analysts' consensus estimates.
Europe open: Shares down but BHP $38bn bid for Anglo dominates markets
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.
Indivior reports first-quarter growth, confirms plans to shift main listing
Addiction treatment specialist Indivior reported double-digit net revenue growth for the first quarter on Thursday, with total net revenue rising 12% year-on-year to $284m, as it confirmed its intention to shift its primary listing to the United States.
LSE Group reports solid start to financial year
London Stock Exchange Group reported a a strong start to the year in a trading update on Thursday, with solid first-quarter performance across its business divisions.
Hikma delivers strong Q1, holds on to guidance
Pharmaceuticals group Hikma said it has made a "strong and encouraging start" to 2024, with all three business segments performing well, as it held on to guidance for the year.
Inchcape holds guidance as Q1 revenues rise 5%
Car dealer Inchcape on Thursday reiterated its annual outlook after a 5% rise in first-quarter revenues.
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 and mortgage deals.
Weir Group performs as expected in first quarter
Weir Group said in a trading update on Thursday that order progression in its first quarter matched expectations as it maintained its guidance for the year.
Schroders first-quarter AuM tick higher
Schroders reported an uptick in first-quarter assets under management on Thursday.
Travis Perkins Q1 revenues fall 3.7% on weak building sector demand
Building products supplier Travis Perkins said first quarter revenue fell 3. 7% as weak demand in the construction sector continued to impact trading.
Persimmon on track after 'encouraging' trading in Q1
UK housebuilder Persimmon saw a 10% drop in new home completions in the first quarter, but said it experienced an improvement in sales rates and "firm pricing".
Ibstock Q1 sales fall short amid ‘challenging’ trading conditions
Building products manufacturer Ibstock said on Thursday that sales volumes in the first quarter were lower than expected as activity in residential markets remained subdued.
WPP Q1 revenues fall 1.4%; Guidance held
UK advertising agency WPP on Thursday said revenues fell 1. 4% as it lost a healthcare client and spending by technology companies was cut back.
WH Smith on track for full year after 'good' first half
WH Smith said on Thursday that it was on track to deliver on expectations for the year after a "good" first half.
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.
Anglo American confirms takeover offer from BHP, Barclays reports fall in profit
London open The FTSE 100 is expected to open 12 points higher on Thursday, having closed down 0. 06% on Wednesday at 8,040. 38.
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.