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Thursday newspaper round-up: Ovo, Hilco, EDF, HSBC
Ovo Energy is moving to cut a quarter of its entire workforce in an attempt to cut costs amid the growing industry crisis. The UK’s third-biggest supplier of gas and electricity is expected to announce the loss of 1,700 roles out of 6,200 as part of a voluntary redundancy scheme as soon as Thursday. Gas market prices last month reached an all-time high of £4. 50 per therm, about nine times higher than this time last year. - Guardian.
FTSE 250 movers: Countryside tanks; Wood Group surges
London’s FTSE 250 was down 0. 4% at 22,965. 22 in afternoon trade on Thursday.
Mobile Streams agrees 'major' new contract with IGS
AIM-listed mobile content and data intelligence company Mobile Streams has announced a "major" strategic partnership contract with International Gaming Systems.
FTSE 100 movers: BT rallies; Tesco in the red
London’s FTSE 100 was flat at 7,551. 09 in afternoon trade on Thursday.
HSBC downgrades Nichols, cites inflation concerns
HSBC downgraded Vimto maker Nichols on Thursday to ‘hold’ from ‘buy’ and cut the price target to 1,480p from 1,550p.
London midday: FTSE dips as M&S, Tesco updates fail to dazzle
London stocks were still just in the red by midday on Thursday as investors waded through a deluge of corporate news, with updates from Marks & Spencer and Tesco failing to impress.
Hays lifts FY profit expectations after record quarter
Recruiter Hays said on Thursday that full-year operating profit was set to come in ahead of market expectations following a record second quarter.
Card Factory tumbles as it warns over inflationary headwinds
Greeting card retailer Card Factory tumbled on Thursday after it warned over the impact of "significant" inflationary headwinds on EBITDA margins and said 2023 profit would come in lower than previously expected.
London open: Shares dip as M&S and Tesco fail to impress
London stocks dipped in early trade on Thursday as investors waded through a deluge of corporate news, with retailers in focus after updates from Marks & Spencer and Tesco failed to impress.
Halfords hails 'exceptional' Autocentres performance but bike sales drop
Halfords backed its full-year profit expectations on Thursday as it reported a strong third-quarter sales performance from Autocentres but a drop in bike sales.
Dechra sees full year at upper end of management expectations
Dechra Pharmaceuticals said on Thursday that the full-year outlook was towards the upper end of management expectations as it reported a jump in first-half revenues.
Hilton Food full-year trading in line
Food packaging business Hilton Food said on Thursday that full-year trading had been in line with the board’s expectations as it sounded an upbeat note on the outlook.
London pre-open: Stocks seen flat after subdued Wall St close
London stocks looked set for a muted open on Thursday after a subdued close on Wall Street.