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Tui to shut 166 UK, Ireland stores as Covid-19 hits footfall
Tour operator Tui on Thursday said it was shutting 166 stores in the UK and the Republic of Ireland as it grappled with the collapse in travel caused by the coronavirus pandemic.
John Lewis mulls over foray into affordable housing, horticulture
John Lewis will consider converting its excess retail locations into affordable housing amid continued online shopping growth.
Intercede secures ten-year contract with the US Department of State
Digital identity and credential management group Intercede revealed on Thursday that it was part of a successful bid for a ten-year contract with the US Department of State.
Hastings 'an attractive proposition' for Sampo, says Berenberg
Insurer Hastings was on the rise for the second day running after confirming late on Wednesday that it had been approached by a consortium led by Finnish insurer Sampo and its biggest shareholder, Rand Merchant Investment Holdings, about a possible cash offer.
Adriatic Metals reports on busy June quarter
Adriatic Metals updated the market on its activities for the quarter ended 30 June on Thursday, noting that it entered into an arrangement agreement to acquire Tethyan Resource Corporation during the period, including advancing €1m (£0. 9m) under a convertible loan agreement.
Johnson & Johnson to start human safety trial for Covid-19 vaccine
Johnson & Johnson on Thursday started human safety trials for its Covid-19 vaccine after releasing potentially promising details of a study on macaque monkeys.
Lynda Shillaw appointed new CEO of Harworth Group
Property investment and development company Harworth Group has appointed Lynda Shillaw to succeed Owen Michaelson as its chief executive officer, it announced on Thursday.
Omega Diagnostics up on CE-marking of Covid test
Omega Diagnostics updated the market on the work of the UK Rapid Test Consortium in the development of a Covid-19 ‘Abc-19’ lateral flow antibody test on Thursday, reporting that lead partner Abingdon Health has CE-marked the test for professional use.
US pre-open: Futures point to losses ahead of GDP, jobless claims
Wall Street futures were pointing to heavy losses ahead of the bell on Thursday ahead of earnings reports from some of the biggest names in tech, a quarterly reading on US gross domestic product and another week's worth of jobless claims.
BAE Systems sees lower 2020 profits; Reinstates dividend
UK arms maker BAE Systems said full year profits would be slightly lower due to the coronavirus pandemic, but expected a good second half as it reinstated dividend payments.
Standard Chartered lifts bad debt provisions to $1.6bn as profits slump
Standard Chartered increased bad loans provision to almost $1. 6bn in the first half as it braced for the impact of the coronavirus pandemic across its economies.
Europe midday: Losses accelerate as investors fret over epidemic's path
Losses in stockmarkets across Europe accelerated as investors digested data showing that German gross domestic product fell at its quickest pace on record since at least 1970.
GVC says no link between HMRC probe and Wirecard scandal
GVC Holdings said on Thursday that there is no evidence of any link between an HMRC investigation into the Ladbrokes owner and the recent scandal at German payment processor Wirecard.
GoCo profits fall on Covid hit, but upbeat on AutoSave prospects
Go-Compare owner GoCo reported lower interim profits due to the coronavirus pandemic and further investment in its “AutoSave” brands.
Indivior 1H profits reduced by nearly three quarters amid pandemic
Indivior suffered a precipitous drop in sales and profits over the first half as the Covid-19 pandemic saw the number of new patients in the US for its anti-opioid addiction drug dry up.
London midday: Stocks fall further as Lloyds results disappoint
London stocks were firmly in the red by midday on Thursday following disappointing results from the likes of Lloyds.
Liberum raises target price on Hipgnosis Songs Fund
Analysts at Liberum slightly raised their target price on intellectual property investor Hipgnosis Songs Fund from 116p to 130p on Thursday, stating the group was in the right place at the right time.
Orange to reduce reliance on Huawei tech in Europe
French telecoms operator Orange said it would be reducing its reliance on Huawei tech in Europe.
SCS sees order levels surge following reopening
Furniture and floorings retailer SCS said on Thursday that orders had almost returned to 2019 levels after reopening its brick and mortar stores and online sales networks following the easing of Downing Street's Covid-19 lockdown measures.
Airbus aiming to staunch cash burn in 2H 2020
Airbus posted weaker-than-expected results for the second quarter as the Covid-19 pandemic led to a more than halving in revenues.