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Europe midday: Shares trim losses despite grim EZ survey data
European shares trimmed losses on Thursday as weak manufacturing survey data dampened sentiment as traders returned from the May Day holiday amid another dump of earnings and trading updates.
Hugo Boss shares tank as APAC sales miss forecasts
Shares in Hugo Boss tanked on Thursday despite first-quarter results beating forecasts, as the German fashion group reported falling sales in the key market of China.
London midday: Stocks up but off highs as StanChart surges on results
London stocks were still in the black but off earlier highs by midday on Thursday, helped along by solid performances from the likes of Standard Chartered and Smurfit Kappa, as investors continued to digest the latest policy announcement from the Federal Reserve.
Maersk lifts profit guidance, expects Red Sea disruption to continue
Danish shipping and logistics giant A. P. Møller – Mærsk has lifted its 2024 profit guidance, saying that Red Sea disruptions are likely to continue for the rest of the year.
ING to return €2.5bn to shareholders
Dutch lender ING Groep said on Thursday that it will return €2. 5bn to shareholders following a "very strong" first quarter.
Universal artists to return to TikTok
Universal Music Group has ended its boycott of social media platform TikTok after the two groups struck a new licensing deal.
RBC Capital downgrades Alpha FMC after share price surge
RBC Capital Markets downgraded Alpha Financial Markets on Thursday to ‘sector perform’ from ‘outperform’ following the surge in the share price a day earlier after the financial services consultancy confirmed it had been approached by two parties about a possible takeover.
Ironveld appoints Kristoffer Andersson as CEO
Iron ore mining firm Ironveld has tapped Kristoffer Andersson to take over as chief executive officer.
Tertiary Minerals upbeat on fresh Brunton Pass findings
Tertiary Minerals announced optimistic findings from a recent geophysical survey at its Brunton Pass Copper-Gold Project in Nevada on Thursday.
Kitwave confident despite recent trading weakness
Kitwave Group said in a trading update on Thursday that it was maintaining its performance in line with current market expectations for the year ending 31 October.
Europe open: Shares down on cautious response to Fed, EZ survey
European shares fell in early trade on Thursday as weak manufacturing survey data dampened sentiment as traders returned from the May Day holiday.
Asia report: Markets mixed as Fed stands pat on rates
Asia-Pacific stock markets finished with a mixed performance on Thursday, following the US Federal Reserve's decision to maintain interest rates at the end of its two-day meeting overnight.
UK economic growth to remain 'sluggish' - OECD
UK growth is set to remain sluggish this year, a leading economic organisation forecast on Thursday, weighed down by restrictive monetary policy.
SIG posts drop in sales amid ‘challenging’ markets
Building products supplier SIG reported a drop in sales on Thursday amid continued "challenging" market conditions.
Reach shares rally as optimistic guidance offsets revenue decline
Shares in publishing firm Reach rallied early on Thursday as optimistic guidance helped offset news of a decline in first-quarter revenues.
EZ manufacturing still hit by weak demand - PMI
The malaise in eurozone manufacturing activity worsened last month on the back of anaemic demand despite price cuts at the factory gate, with companies axing more jobs as a result, a survey showed on Thursday.
International Personal Finance posts solid first quarter
International Personal Finance announced a solid first-quarter performance on Thursday, with customer lending rising 5% excluding Poland, with demand steadily improving as the quarter progressed.
Endeavour Mining's Q1 profits drop but guidance unchanged
Gold miner Endeavour Mining on Thursday reported a drop in production and selling volumes in the first quarter, along with a big jump in costs, though adjusted profits came in line with expectations.
London open: Stocks rise as StanChart, Smurfit rally
London stocks rose in early trade on Thursday, helped along by solid performances from the likes of Standard Chartered and Smurfit Kappa, as investors mulled the latest policy announcement from the Federal Reserve.
Capita names new CFO
Business process services group Capita revealed on Thursday chief financial officer Tim Weller has signalled his intention to retire from the company in August.