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Thursday newspaper round-up: Business rates, air fares, house prices
The owner of the UK’s biggest poultry supplier has warned that the cost of chicken is expected to rise by more than 10%, adding that food in Britain is “too cheap. ” In a strongly worded intervention, Ranjit Singh Boparan, the owner of Bernard Matthews and 2 Sisters Food Group, called for a “reset” on pricing to reflect the true cost of producing food. “How can it be right that a whole chicken costs less than a pint of beer? You’re looking at a different world where the shopper pays more,” he said on Wednesday.
Qinetiq tumbles after warning over possible guidance downgrade
Qinetiq shares tumbled on Thursday after the defence technology company warned that technical and supply chain issues on a large complex programme could lead to a one-off write down to its short-term guidance.
FTSE 250 movers: Qinetiq tumbles; Darktrace rallies again
London’s FTSE 250 was 0. 9% higher at 22,848. 65 in afternoon trade on Thursday.
FTSE 100 movers: Miners rally as metals price rise; Tesco goes ex-div
London’s FTSE 100 was up 0. 9% at 7,205. 66 in afternoon trade on Thursday.
Morgan Stanley third-quarter results beat expectations
Morgan Stanley’s third-quarter results beat expectations on Thursday as it posted record revenues for the investment banking business.
Jefferies downgrades Johnson Matthey
Jefferies downgraded Johnson Matthey to ‘underperform’ from ‘buy’ on Thursday and cut the price target to 2,300p from 4,200p, saying it expects the shares to underperform as the company's automotive catalyst business remains weak.
Purplebricks CFO Andy Botha to step down
Online estate agent Purplebricks said on Thursday that chief financial officer Andy Botha will step down at the end of the month.
London midday: Miners pace the gains as inflation worries ease
London stocks were still firmly in the black by midday on Thursday as concerns about inflation eased, with miners pacing the advance.
Marshall Motor buys Motorline for £64.5m
Automotive retail group Marshall Motor has announced the acquisition of Motorline for £64. 5m in cash.
London open: Stocks rise as inflation concerns ease
London stocks rose in early trade on Thursday as concerns about inflation eased.
Recruiter Hays posts jump in Q3 net fees
Recruiter Hays posted a rise in first-quarter net fees on Thursday, highlighting good growth in all regions.
Domino's to create 8,000 jobs; Q3 sales rise
Domino's Pizza reported a jump in third-quarter sales on Thursday as it announced plans to create 8,000 jobs.
London pre-open: Stocks seen higher as inflation remains in focus
London stocks were set to rise at the open on Thursday following a mostly positive session on Wall Street.