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Europe midday: Shares pare losses after Fed-inspired slump
European shares pared losses at midday after a slump at the opening on Thursday, reacting to a deluge of corporate news following hawkish comments on interest rate timings from US Federal Reserve chairman Jerome Powell.
Europe open: Shares slump on Fed remarks, Dr Martens gets the boot
European shares slumped at the opening on Thursday, tracking losses on Wall Street after US Federal Reserve chairman Jerome Powell signalled a March interest rate hike and more policy tightening in an attempt to quash rising inflation.
Fevertree shares run out of fizz on margins warning
Shares in Fevertree Drinks plunged on Thursday after the company said margins would be hit harder than expected due to higher costs and logistics issues.
Anglo-american Q4 production flat: Flags higher copper output
Mining giant Anglo American reported flat fourth-quarter production as higher diamond output was offset by a fall in copper.
Rank hit by Omicron but swings to H1 profits, sees recovery
Casino and bingo operator Rank Group said the surge in Covid Omicron cases had hit its venues in the first three weeks of 2022 as it swung to a first-half profit and tipped a recovery in trade with most pandemic curbs lifted.
Whitbread appoints new CFO as Cadbury flies to IAG
Whitbread said it had appointed Hemant Patel as chief financial officer effective from March 21 as Nicholas Cadbury leaves to join British Airways owner IAG.
EasyJet sees summer capacity at pre-Covid levels as losses halved
Low-cost airline easyJet halved first-quarter losses as Covid-19 travel restrictions were eased and reported a step-up in bookings after the UK government lifted pre-departure testing requirements.
Diageo toasts 15.8% sales rise as spirits in favour
Brewer and distiller Diageo on Thursday reported a rise in first-half sales and profits as people quaffed more spirits at home during the Covid pandemic, but warned of persistent headwinds from the virus and supply-chain constraints.