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Rathbones Group makes 'positive start' to FY24
Wealth manager Rathbones said on Thursday that it had made a "positive start" to FY24, partly due to its merger with Investec Wealth & Investment back in 2023.
Diversified Energy delivers 'solid' Q1 performance
Oil production company Diversified Energy reported "solid" Q1 results on Thursday as it said ongoing cost-cutting efforts were already paying off.
Morgan Advanced Materials revenue rises in first quarter
Morgan Advanced Materials said in an update on Thursday that in the first three months of the year, it saw a notable increase in sales, with a 12% rise on an organic constant currency basis compared to the same period last year.
Spire Healthcare trading in line with outlook
Spire Healthcare said in an update on Thursday that its recent trading had been robust, in line with the positive momentum seen since it announced its results on 29 February.
Harbour Energy hikes FY dividend, 'on track' to complete Wintershall acquisition in Q4
Oil and gas business Harbour Energy hiked its full-year dividend on Thursday as its transformational takeover of German rival Wintershall was "on track" to complete in Q4.
ITV revenues hit by US actors' and writers' strike
Broadcaster ITV reported a fall in first-quarter revenues on Thursday, dragged lower by the production arm which was hit by the US writers’ and actors’ strike.
UK housing sales expectations 'stagnant' as buyer demand softens
A slight upward move in UK mortgage rates over the past few weeks has dampened demand for housing, with near-term sales expectations softening, according to the latest RICS UK Residential Survey released on Thursday – though the rate of new listings was at its highest in more than three years.
Derwent delivers solid rental growth in Q1
Property investor and developer Derwent London has said that healthy demand has driven rental growth since the start of 2024.
Europe open: Shares take a breath ahead of BoE call on rates
European stocks opened lower after hitting fresh highs on Wednesday as investors turned their attention to a rate decision from the Bank of England.
London open: Stocks nudge up ahead of BoE announcement
London stocks nudged up in early trade on Thursday, with all eyes on the Bank of England policy announcement amid hopes of a summer rate cut.
Blackstone leads Hipgnosis race as Concord says bid is final
Private equity giant Blackstone appeared to have emerged as the winner in the race to buy troubled music rights owner Hipgnosis Songs Fund after Apollo-backed Concord said it's latest $1. 25-a-share offer was final.
Synthomer first-quarter trading in line
Chemicals company Synthomer said on Thursday that first-quarter trading was in line with its expectations at the start of the year and that it continues to expect to make some earnings progress in 2024.
3i Group reports 'strong' results in challenging year
3i Group reported a ‘strong’ set of results in what it described as a challenging year on Thursday, with a total return of £3. 84bn, representing a 23% return on opening shareholders' funds.
BAE holds guidance, sees boost from global tensions
Weapons maker BAE Systems held annual guidance and said global geopolitical tensions should boost orders as countries increased defence spending.
China imports smash forecasts as exports also rise
China’s exports rose 1. 5% in April, while imports surged 8. 4%, beating forecasts, according to data released by the customs agency on Thursday.
Balfour Beatty makes progress on several major projects, retains guidance
Balfour Beatty has reiterated its guidance for profit growth in 2024 after an in-line performance from the infrastructure group since the start of the year.
Apax Partners sells 27m shares in Baltic Classifieds in placing
Apax Partners has sold 27m shares in Baltic Classifieds in a placing, according to a filing by Merrill Lynch International.
Watches of Switzerland buys Roberto Coin Inc for $130m
Watches of Switzerland Group said it had bought Roberto Coin Inc for $130m as it looks to expand into the luxury jewellery market.
Wood Group Q1 EBITDA rises but revenues fall
Wood Group posted a rise in first-quarter EBITDA but a drop in revenue on Thursday, a day after saying it had rejected a £1. 4bn takeover proposal from Dubai-based Sidara.
FX movements wipe $1bn off Airtel's top line
Africa-focused telecoms group Airtel was hit hard by a drop in the Nigerian naira in the year to 31 March, with a $549m negative FX headwind pushing it into the red on a pre-tax basis and taking more than $1bn off the top line.