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B&M hit by pay rebellion at AGM
More than one-fifth of shareholder votes opposed B&M European Value Retail's pay report at its annual general meeting as some investors rebelled against bigger bosses' bonuses.
Berenberg reiterates 'buy' rating on Wizz Air following Q1 results
Analysts at Berenberg took a fresh look at low-cost carrier Wizz Air on Thursday following the firm's first-quarter trading update a day earlier.
GB Group makes 'good start' to new year
Identity data specialist GB Group said on Thursday that, in line with its expectations, it had made a “good start” to the new financial year.
Co-op Bank posts profit after cost cuts
The Co-operative Bank swung to a profit in the first half as the lender cut costs and made a small gain from releasing credit impairments.
Mothercare losses widen as Covid restrictions dent revenues
Mothercare reported a widening of its full-year losses on Thursday as it took a hit from Covid restrictions.
Mortgage Advice Bureau revenues expand in first half
Mortgage Advice Bureau said in a trading update on Thursday that it achieved revenue of about £91m for the six months ended 30 June, representing a 43% increase over the first half of 2020, which was “heavily affected” by the Covid-19 pandemic, and a 49% increase compared to the first six months of 2019.
Vesuvius's end markets continue rebound in H1, company gains market share
Vesuvius posted better than expected interim profits as end markets continued to rebound from the Covid-19 pandemic.
China's Didi denies report it's considering going private
China’s Didi Global has denied rumours that it is considering going private to placate Chinese regulators and compensate investors for losses incurred since its US listing.
UK commercial vehicle output rises but faces constraints
UK commercial vehicle production rose for the fourth month running in June but output was constrained by a shortage of components and workers caused by the pandemic.
Spectris reports near doubling in H1 profit, aiming for margins above 18 per cent
Shares of Spectris hit to fresh record highs after the firm unveiled a sharp rise in profitability and predicted that more was to come.
London midday: Stocks extend gains as Anglo surges on results
London stocks had extended gains by midday on Thursday as investors waded through an avalanche of earnings, with well-received results from Anglo American, Rentokil and Shell helping to underpin the mood.
Europe midday: Stocks maintain gains as earnings provide a boost
European stocks were still in the black by midday on Thursday, having hit records highs at the open, as strong corporate earnings helped investors to shrug off worries about China’s regulatory moves on tech firms.
Marlowe acquires Barbour EHS from Informa
Business software and services company Marlowe has acquired Barbour Environment, Health and Safety from Informa, it announced on Thursday, for a net cash consideration of £32m.
Headlam speeds dividend on upbeat profit forecast
Headlam said it would speed up payment of normal dividends as the flooring distributor predicted annual results well ahead of expectations.
Airbus upgrades guidance after flying higher in first half
Airbus reported a 30% rise in revenue for its first half on Thursday, to €24. 6bn (£20. 94bn), which it put down to a higher number of commercial aircraft deliveries compared to the first six months of 2020.
Foxtons swings to profit, reinstates dividend
Estate agent Foxtons hailed its best first-half results on Thursday since 2016 amid an improvement in the sales market, as it reinstated its dividend and announced a £3m share buyback programme.
Asia report: Markets rise as China regulatory fears ease
Stock markets in Asia bounced from their losses earlier in the week on Thursday, with Hong Kong’s bourse advancing more than 3%, as reports out of China around foreign listing rules helped to quell regulatory fears for the technology sector there.
Canaccord Genuity lowers target price on Mirriad Advertising
Analysts at Canaccord Genuity lowered their target price on advertising software firm Mirriad Advertising from 58. 0p to 44. 0p on Thursday, citing a slower ramp-up than initially expected.
Advanz fined for 1,110% price increase for thyroid drug
The UK's competition regulator has fined Advanz and its former private equity owners more than £100m after the drugs company increased the price of its thyroid tablets by 1,110% over eight years.
Lookers upgrades FY profit expectations after 'outstanding' first half
Car dealership Lookers lifted its full-year profit expectations on Thursday after an "outstanding" first-half performance.