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Shell Q1 beats estimates as profit hits $7.7bn, launches $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.
Engine sales drive Q1 growth at Melrose
Aerospace tech group Melrose reported a strong start to the year with its Engines division driving group revenues higher, as it reiterated recently upgraded guidance for the full year.
Standard Chartered posts jump in Q1 profits
Standard Chartered backed its full-year guidance on Thursday and posted a jump in first-quarter profit as it continued to benefit from higher interest rates.
London pre-open: Stocks seen up amid corporate deluge
London stocks were set to rise at the open on Thursday as investors braced for a barrage of corporate news, including results from Shell and Standard Chartered.
Spectris maintains 2024 projections, Smurfit Kappa reports solid first quarter
London open The FTSE 100 is expected to open 31 points higher on Thursday, having closed down 0. 28% on Wednesday at 8,121. 24.
Thursday newspaper round-up: Online gamblers, PwC, London taxi drivers
Online gamblers who lose £500 or more a month are to face extra checks from August, the regulator has confirmed, as part of a large package of measures aimed at protecting the most vulnerable customers. The extra checks come in from 30 August, and the threshold for qualifying will fall to £150 of online betting losses a month from 28 February next year, the Gambling Commission said. – Guardian.
Spectris reports Q1 sales drop but sees outlook improving
Precision measurement group Spectris has kept its projections for 2024 unchanged despite a "softer-than-anticipated" first quarter, with sales falling against a strong comparative period last year.