Full List Of Stories
FTSE 100 movers: Glencore rallies; Rolls-Royce retreats
London’s FTSE 100 was up 0. 1% at 7,445. 79 in afternoon trade on Thursday.
RBC Capital cuts Travis Perkins target price after Toolstation miss
RBC Capital Markets cut its price target on shares of Travis Perkins on Thursday following the company’s first-half results earlier in the week.
Bank of England makes biggest rate hike since 1995
The Bank of England announced its biggest rate hike on Thursday since 1995 in the face of surging inflation, as it warned of a long recession.
London midday: FTSE maintains small gains as BoE lifts rates to 1.75%
London stocks were still a touch higher by midday on Thursday after the Bank of England announced its biggest rate hike since 1995 as it looks to tackle surging inflation.
Petrofac consortium awarded $300m Algeria contract
Petrofac said on Thursday that its consortium with Genie Civil et Batiment (GCB) has been provisionally awarded an engineering, procurement and construction contract with Sonatrach for the Tinrhert EPC2 Development Project in Algeria.
UK construction sector contracts in July
Activity in the UK construction sector contracted in July, falling at its sharpest pace in more than two years, according to a survey released on Thursday.
Mears lifts full-year outlook after strong first half
Mears upgraded its full-year outlook on Thursday following a "strong" first-half performance.
Kinetic lifts takeover offer for Go-Ahead by £22m
Australian bus group Kinetic and Spanish infrastructure specialist Globalvia have lifted their takeover offer for London-listed transport operator Go-Ahead by £22m.
Spirent Communications posts jump in H1 profits
Spirent Communications posted a rise in first-half profit and revenue on Thursday as it hailed a record order book and a strong performance across all of its end markets.
London open: Stocks flat ahead of BoE rate announcement
London stocks were steady in early trade on Thursday as investors refrained from making any big bets either way ahead of the latest policy announcement from the Bank of England.
German factory orders fall less than expected in June
German factory orders fell less than expected in June, according to figures released on Thursday by Destatis.
Serco lifts full-year guidance again
Outsourcer Serco lifted its full-year guidance slightly on Thursday to reflect trading in May and June, as it said strong growth across the business had offset the wind-down of the Test & Trace business.
Meggitt H1 profits rise as civil aerospace recovery continues
Meggitt posted a jump in first-half profit and revenue on Thursday as it said the recovery in civil aerospace continues.
Rolls-Royce first-half profits fall but FY guidance backed
Engine maker Rolls-Royce reported a drop in first-half underlying operating profit on Thursday but backed its full-year guidance amid expectations of an improvement in the civil aerospace division.
Mediclinic to be taken over by Remgro consortium for £3.7bn
Hospital group Mediclinic has agreed to be bought by a consortium led by South Africa’s Remgro for around £3. 7bn.
London pre-open: Stocks seen steady ahead of BoE rate announcement
London stocks were set for a steady open on Thursday as investors eyed the latest policy announcement from the Bank of England.
Thursday newspaper round-up: Telecoms bills, Dyson, Ocado, Elon Musk
Almost 6 million UK households are struggling to pay their mobile, landline and broadband bills, with the cost of living squeeze forcing many to cut back on essentials such as food and clothes, cancel or change a service, or miss payments to stay connected. A report from the consumer group Which? estimates that 5. 7 million households have experienced at least one “affordability issue” in April, as cash-strapped homes struggle to cope with soaring bills and other costs.