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Gazprom swings to $6.9bn loss as Europe sales plunge
Russia's natural gas heavyweight Gazprom swung to huge loss in 2023 after sales to Europe dropped due to Western sanctions on Moscow.
FTSE 100 movers: Smurfit shoots higher; Glencore goes ex-div
London’s FTSE 100 was up 0. 6% at 8,173. 17 in afternoon trade on Thursday.
Peloton announces CEO departure; to cut 15% of workforce
Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.
Moderna bets big on RSV vaccine as full-year guidance unchanged
Moderna saw its share price surge on Thursday after posting a smaller-than-expected quarterly loss as the Covid vaccine maker sets its sights on regulatory approvals of its second product later in the year.
US open: Stocks higher following FOMC decision
Wall Street trading got off to a positive start on Thursday as investors continued to feast on corporate earnings and another slew of data points.
Lords Group extends £95m lending facility
Building materials distributor Lords Group announced an extension to its current £95m lending facilities on Thursday.
London cabbies launch £250m legal action against Uber
Uber Technologies is facing legal action on behalf of more than 10,500 London black cab drivers, it was confirmed on Thursday.
Friday preview: U.S. non-farm payrolls, Trainline in the spotlight
The market spotlight on Friday will revert back to the U. S. jobs market, as it does early each month.
ArcelorMittal smashes profit forecasts in first quarter
Luxembourg-based steel titan ArcelorMittal beat forecasts with its first-quarter profits on Thursday as it painted a positive outlook for global steel demand.
AstraZeneca reports positive results from blood cancer drug trial
AstraZeneca has reported positive results from the use of its Calquence drug in a clinical trial to treat a rare type of blood cancer.
Personal Group sustains momentum through first quarter
Personal Group said in an update on Thursday that it had sustained positive momentum throughout the first quarter of the year, driven by enhancements in leadership and streamlined operational processes.
US jobless claims hold steady in week ended 26 April
The number of Americans lining up for unemployment benefits was unchanged at 208,000 in the week ended 27 April, according to the Labor Department, remaining at the lowest level in two months and firmly below market expectations for a reading of 212,000.
U.S. foreign trade deficit little changed in March, consumer goods imports strong
America's shortfall on trade with the rest of the world was little changed in March, as both exports and imports suffered large declines.
US unit labour cost growth exceeds forecasts in Q1
Workers' productivity in the U. S. slowed more sharply than anticipated at the start of 2024, pushing labour costs much higher.
German manufacturing downturn eases slightly - PMI
The downturn in Germany’s hard-pressed manufacturing sector eased marginally last month, a closely-watched survey showed on Thursday, although it remained in contraction.
Co-op Bank transformation plan 'materially complete' ahead of agreed merger
The Co-operative Bank said on Thursday that its transformation plan was "materially complete" ahead of its agreed merger with Coventry Building Society.
US pre-open: Futures higher following Fed rate decision
Wall Street futures were in the green ahead of the bell on Thursday as investors continued to feast on corporate earnings.
Shell beats estimates as profit hits $7.7bn, unveils $3.5bn buyback
Oil and gas giant Shell on Thursday reported much better-than-expected first-quarter earnings on the back of higher margins from crude and oil products trading and also unveiled a new $3. 5bn share buyback.
LifeSafe shares jump on new deal with Trinity
Fire technology company LifeSafe announced a significant agreement with Trinity Fire & Security Systems on Thursday, involving the supply of LifeSafe's latest line of fire extinguishers filled with multi-purpose fluid, specifically designed to combat various types of fires including lithium-ion battery fires.