Full List Of Stories
London close: Stocks finish higher as US-China tensions escalate
London stocks finished in the green on Thursday, despite escalating tensions between the US and China, as investors sifted through a veritable tsunami of corporate news.
Dyson to cut 900 jobs as consumer habits move online
Dyson announced it was cutting 900 jobs globally on Thursday, with 600 of those in the UK, citing the Covid-19 crisis as hastening its ongoing restructure.
Strix Group upbeat after 'resilient' first half
Kettle safety control company Strix Group updated the market on its first half on Thursday, reporting a “resilient” performance, with a marked recovery and “solid performance” in June.
NAHL agrees new covenants after tough first half
Consumer legal services company NAHL Group updated the market on its first half on Thursday, saying the results were “significantly impacted” by Covid-19.
Helical pleased with rent collection as tenants return
Helical said on Thursday that it has collected 77. 3% of the June quarter rent, with agreements in place for a further 13. 6% to be paid in instalments in the period leading up to the September quarter day.
W Resources shares plunge after 'significant' Covid impact
Spain and Portugal-focussed tungsten, tin and gold mining company W Resources updated the market on production in the second quarter for the La Parrilla mine in Spain, as well as its tungsten, tin and gold projects in Portugal on Thursday, saying the period was “significantly impacted” by the Covid-19 state of emergency in Spain.
Kin and Carta secures increased covenant ceiling as revenue falls
Kin and Carta announced on Thursday that its banks have agreed to raise the ceiling on its quarterly leverage covenant to up to 5x EBITDA, from a previous 2. 5x, for the four quarters from the current three month period ending 31 July.
Polymetal production and revenues rise in second quarter
Polymetal reported second quarter gold equivalent production of 358,000 ounces on Thursday, up 2% year-on-year, which it said was driven by a strong performance at Kyzyl, which compensated for the planned decline at Svetloye.
Covid crisis hits production and revenue at Petra Diamonds
Petra Diamonds updated the market on the year ended 30 June on Thursday, reporting a 7% fall in production to 3. 59 million carats.
Vp upbeat as markets begin to recover from lockdown
Equipment rental company Vp told shareholders on Thursday that its markets were beginning to recover, with revenues now running at over 80% of prior year levels, which it said was driven by improved demand from its core end markets.
Cost cutting and focus on B2B helps Equals through first half
Electronic banking and payments company Equals said on Thursday that it managed to achieve further growth in its first half, against the “challenging backdrop” of the Covid-19 pandemic, with total revenues of £13. 7m, up slightly from £13. 6m year-on-year.
Asia report: Markets mixed as US-China tensions rise
Markets in Asia finished in a mixed state on Thursday, as investors held their breath around heightened geopolitical tensions between the United States and China.
Hipgnosis increases credit facility, converts it to US dollars
Music intellectual property investor Hipgnosis Songs Fund has agreed to increase its revolving credit facility from £150m to $400m (£314. 54m), with a syndicated group of lenders led by JPMorgan Chase Bank.
Bodycote permanently slashes costs amid Covid downturn
Bodycote said on Thursday that its first half was “significantly impacted” by the Covid-19 downturn, reporting a 16. 6% fall in revenue at constant currency to £306. 7m.
AJ Bell sees good growth in third quarter, Polymetal confirms production guidance
London open The FTSE 100 is expected to open 11 points higher on Thursday, having closed down 1% at 6,207. 10 on Wednesday.
US close: Markets finish higher on fresh vaccine hopes
Wall Street stocks closed in positive territory on Wednesday, despite US-Sino tensions coming back into focus as market participants looked ahead to earnings from tech giants Microsoft and Tesla, and digested news of a coronavirus vaccine deal between the White House and pharma groups Pfizer and BioNTech.