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UK mortgage borrowing hits record as stamp duty cut fuels activity
UK mortgage borrowing hit a record £17. 9bn in June as homebuyers raced to complete purchases before the stamp duty holiday started to taper off, Bank of England figures showed.
Informa ups FY revenue guidance amid heightened activity in subscription businesses
Publishing firm Informa upped its full-year revenue guidance on Thursday amid increased activity in the group's subscription businesses and expectations of physical trade shows in both the United States and the Middle East returning later in the year.
Pets at Home upgrades FY profit expectations
Pets at Home upgraded its full-year profit expectations on Thursday as it hailed "strong" sales momentum in the first quarter.
Vertu Motors raises FY outlook following strong YTD trading
Car dealer Vertu Motors upgraded its full-year outlook on Thursday on the back of continued strong trading year-to-date.
De La Rue 'on track' for second year of turnaround plan
De La Rue said on Thursday that its expectations for the current 2022 financial year remained unchanged, with the company “on track” to deliver the second year of its turnaround plan.
Equiniti revenue slides after shareholder approve takeover
Financial and administration outsourcing company Equiniti reported an 11. 9% fall in revenue in its first half on Thursday, to £214m, with its performance impacted by ongoing disruption to capital markets and the wider economy.
Hargreaves Lansdown CFO Johnson to step down
Investment platform Hargreaves Lansdown said on Thursday that Philip Johnson plans to step down from his role as chief financial officer for personal reasons.
Assura voluntarily lowers RCF by £100m
Property business Assura gave notice on Thursday that it will voluntarily cancel £100. 0m of its existing £225. 0m revolving credit facility.
Europe open: Shares hit record highs as investors shrug off China worries
European stocks hit record highs at the open on Thursday on the back of a day of strong corporate earnings, shrugging off worries about China’s regulatory moves on tech firms.
Greencoat UK Wind announces dividend as gearing remains 'conservative'
Greencoat UK Wind reported 1,476GWh of zero-carbon electricity generation in its first half on Thursday, with net cash generation from the group and wind farm special purpose vehicles coming in at £103. 6m.
Derwent London lets Greencoat Place location to Fora
Property investment and development business Derwent London has let the entirety of its 6-8 Greencoat Place, SW1 location to flexible workspace provider Fora.
Morgan Advanced Materials profits rise amid 'broad-based' growth
Morgan Advanced Materials reported organic constant-currency revenue growth of 4. 2% in its first half on Thursday, to £461. 2m, with “broad-based growth” across its healthcare, semiconductor, energy and industrial segments, while on a reported basis, revenue was down 3. 5% year-on-year.
National Express swings to profit as cost-cutting pays off
FTSE 250 transport operator National Express said on Thursday that it swung to a profit in the first half, thanks to cost-cutting and a solid performance in North America.
Johnson Matthey reports good start to year
Johnson Matthey reported a good start to the financial year but the chemicals and special metals group reduced its estimate for gains from metal prices.
Lloyds Bank resumes dividend, swings to H1 profit
Lloyds Bank swung to an interim profit and reinstated its dividend on Thursday after a large impairment credit, driven by an improved UK economic outlook and soaring housing market.
Airtel growth continues amid third wave of pandemic in Africa
Airtel Africa reported revenue growth of 30. 7% in its first quarter on Thursday, to $1. 11bn (£0. 8bn), with constant currency growth coming in at 33. 1%.
Drax Group raises interim dividend following 'great first half of the year'
Power generation business Drax Group said on Thursday that it had experienced "a great first half of the year", leading the group to up its interim dividend.
Mitchells & Butlers sees 'volatile' trade since reopening
UK pub and restaurant group Mitchells & Butlers said sales had been "volatile" since reopening on May 17 with stronger demand in suburban outlets offsetting challenging conditions in city centres.
London open: Stocks rise amid earnings avalanche; Lloyds, Shell rally
London stocks rose in early trade on Thursday as investors waded through an avalanche of earnings, with well-received results from the likes of Rentokil, Shell and Lloyds helping to underpin the mood.
Bodycote raises guidance after strong first half
Heat treatment, metal and coatings company Bodycote reported a 5. 9% improvement in revenues at constant currency in its first half on Thursday, to £312. 9m, with growth coming in at 2% at actual exchange rates.