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BP cuts size of executive team, shakes up structure
BP has trimmed its executive team as part of a shake-up of its organisational structure, it was confirmed on Thursday.
Centamin production dips, reiterates 2024 cost and output guidance
Centamin reported a temporary slight decline in production and higher unit costs, but reaffirmed its full-year cost and output guidance.
Ferrexpo swings to FY loss on legal provision
Iron ore pellet maker Ferrexpo swung to a full-year loss as a $131million provision for a legal dispute involving its Ukrainian unit hit the bottom line.
AJ Bell upbeat on strong second-quarter performance
Investment platform AJ Bell reported a robust performance across its platform business and AJ Bell Investments in a second quarter update on Thursday.
Vistry kicks off £100m share buyback programme
Vistry Group announced the start of its share buyback programme on Thursday, aimed at repurchasing up to £100m of its shares.
Segro reports robust rent roll growth in first quarter
Segro reported robust growth in its rent roll in a trading update for the March quarter on Thursday, driven by favourable occupier market dynamics.
Rentokil Initial reports more stable North America performance
Rentokil Initial reported revenue of £1. 27bn in a first quarter update on Thursday, making for a 0. 9% increase at actual exchange rates, while at constant exchange rates, revenue advanced 4. 9% to £1. 29b.
Hipgnosis faces $1.4bn takeover by Concord Chorus
Music rights investor Hipgnosis Songs Fund said it had agreed a $1. 4bn takeover by Concord Chorus a US music and theatrical rights firm.
easyJet posts significant reduction in winter losses
Low-cost airline easyJet reported a significant reduction in its winter losses in an update on Thursday, of more than £50m year-on-year, as demand for flights and holidays continued to rise, particularly for the upcoming summer season.
National Grid raises underlying EPS guidance on accounting change
National Grid has lifted its profit guidance for the year to 31 March after an accounting change due to a tax relief change announced by the government.
DiscoverIE FY sales up 1%, sees earnings in line with guidance
Electronics specialist DiscoverIE said group sales for the year to March 31 were 1% ahead of last year on a constant currency basis, after two years of strong growth when the rose 48%.
London pre-open: Stocks seen higher in early deals
UK stocks are expected to open higher on Thursday as they continue to bounce back from a sharp sell-off earlier in the week on the back of escalating tensions in the Middle East and fading hopes of rate cuts by the Federal Reserve.
Winter losses narrow for easyJet, Rentokil revenue rises in first quarter
London open The FTSE 100 is expected to open 36 points higher on Thursday, having closed up 0. 35% on Wednesday at 7,847. 99.
Thursday newspaper round-up: Royal Mail, welfare bill, Boeing, Alstom, Federal Reserve
The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” to the board of International Distributions Services (IDS), Royal Mail’s parent company, on April 9 seeking its recommendation for a possible cash offer for the remainder of the shares it does not already own.