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Bristol Myers Squibb to cut 2,200 jobs as part of $1.5bn cost-savings drive
US drugmaker Bristol Myers Squibb on Thursday announced plans to cut its workforce by 6% as part of a $1. 5bn cost-savings programme, as it reported better-than-expected results for the first quarter.
Director dealings: Journeo director raises stake
Journeo revealed on Thursday that non-executive director Barnaby Kent had acquired 9,656 ordinary shares in the AIM-listed transport solutions provider.
US Q1 GDP growth comes in slower than expected
Economic activity in the U. S. slowed by more than anticipated at the turn of the year, while price pressures picked up.
US pending home sales unexpectedly rise in March
US pending home sales unexpectedly improved in March, according to the National Association of Realtors.
US open: Stocks sharply lower following macro data, tech earnings
Wall Street stocks were in the red early on Thursday as investors digested disappointing earnings from some of the tech's biggest names.
FTSE 100 movers: Anglo American surges on BHP bid; Schroders in the red
London’s FTSE 100 was up 0. 3% at 8,061. 26 in afternoon trade on Thursday.
RBC Capital lifts Jet2 price target
RBC Capital Markets lifted its price target on Jet2 on Thursday to 2,000p from 1,950p following the company’s trading statement a day earlier.
Southwest shares sink as airline reports airport exits, Q1 losses
Shares in Southwest Airlines plummeted on Thursday after the carrier announced plans to pull out of four airports to improve its financial performance, as it reported a wider-than-expected loss for the fourth quarter and trimmed its annual guidance.
Petro Matad still working to secure Mongolia approvals
Mongolia-focussed oil company Petro Matad said in an update on Thursday that it was actively engaged with local government agencies to secure the necessary approvals from Matad District to kickstart its 2024 operational programme.
BNP Paribas beats forecasts comfortably with Q1 results
French banking giant BNP Paribas delivered an increase in profits in its first quarter on stable revenues, as it reiterated its guidance for the full year.
Revenue, earnings to fall at Driver Group
Dispute avoidance and resolution consultancy Driver Group said in a trading update on Thursday that it expected to report revenue of £22. 5m for its first half, slightly down from £24. 2m a year earlier.
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.
Inchcape shares spike on higher Q1 revenues
Shares in Inchcape surged on Thursday as the car dealer reiterated its annual outlook after a 5% rise in first-quarter revenues.
Turkey central bank holds interest rates at 50%
Turkey’s central bank left interest rates on hold on Thursday at 50% as it said it was keeping a close eye on inflation.
US initial jobless claims hit two-month low
Americans lined up for unemployment benefits at a decelerated pace in the week ended 20 April, according to the Labor Department, dropping to the lowest level seen since February.
Micron secures $13bn funding package from White House
Micron Technology has secured more than $6bn in direct funding from the US government to help build leading-edge chip factories, it was announced on Thursday.
Berenberg lowers target price on Reckitt Group
Analysts at Berenberg lowered their target price on household goods manufacturer Reckitt Group from 5,800. 0p to 5,100. 0p on Thursday, citing limited visibility going forward.
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.
Greece's Mytilineos considering secondary listing in London
Greek industrial and energy company Mytilineos said on Thursday that it was considering a potential secondary listing on the London Stock Exchange.