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Ryanair's O'Leary signals end of €10 fares, blames Brexit for airport chaos
Ryanair boss Michael O’Leary blamed Brexit for the airport worker shortage and indicted that cheap airfares may well be a thing of the past in light of surging energy prices.
Fed's Daly tells FT it's too early to declare victory over inflation
A top US central bank official argued in favour of a 50 basis point interest rate hike at the next policy meeting, instead of a 75bp move, even as she cautioned that much was still left to do.
US initial jobless claims rise by 14,000
Americans lined up for unemployment benefits at a slightly accelerated pace in the week ended 6 August, according to the Labor Department.
GSK, Haleon, Sanofi slump amid Zantac litigation woes
Shares in GlaxoSmithKline, Haleon and Sanofi tumbled on Thursday amid concerns about legal proceedings related to Glaxo’s former blockbuster heartburn drug Zantac.
Revolution Beauty warns of 'material impact' of issues raised in audit
Revolution Beauty Group warned of a “material impact” on its 2022 accounts on Thursday, as a result of the ongoing audit.
Berenberg lowers target price on Strix
Analysts at Berenberg lowered their target price on kettle controls manufacturer Strix Group from 310. 0p to 245. 0p on Thursday but said the firm was "not of steam".
Antofagasta profits fall on volatile copper price
Miner Antofagasta reported lower interim profits due to a volatile copper price, a drought in Chile and concentrate pipeline problems at its Los Pelambres operation.
US pre-open: Futures higher ahead of PPI reading
Wall Street futures had stocks opening higher on Thursday ahead of the release of last month's producer price index.
Europe midday: Shares slip as low Rhine River levels hit German supplies
European shares edged into the red by midday on Thursday as fears of more shortages in the Continent's biggest economy hit shortages as low water levels on Germany's mighty Rhine river threatened traffic of vital goods such as oil, grain and coal.
London midday: Stocks edge lower as ex-divs weigh
London’s top flight index had edged lower by midday on Thursday, with ex-dividend stocks proving to be a drag.
OSB reports record first-half underlying profit
Specialist lender and retail savings provider OSB Group reported a 16% improvement in underlying profit before tax in its first half on Thursday, to a record £294. 1m.
Asia report: Stocks rise after better-than-expected US CPI
Markets closed higher in Asia on Thursday, with Hong Kong’s bourse leading the gains, as investors digested a better-than-expected inflation report out of the US overnight.
Bitcoin faces $25,000 and Ethereum awaits key decision about 'The Merge'
The cryptocurrency market holds much of Wednesday's gains for the major tokens, in the heat of softer inflation in the US - 8. 5% versus 9. 1% previously - which boosted Bitcoin and Ethereum prices more than 4%. Gains are 7% for BTC in 24 hours and 12% for ETH, while total capitalization exceeds $1. 16 trillion.
Hurricane Energy's Lancaster field produces 258,000 barrels in July
Oil and gas producer Hurricane Energy said on Thursday provided an update on activities at its Lancaster field off the west coast of Shetland.
Network International launches share buyback after first half growth
Payments company Network International reported a 31. 1% improvement in total revenue in its interim results on Thursday, to $205. 03m, or 21% excluding its DPO acquisition.
Drax tumbles as Kwarteng questions sustainability of biomass fuel
Drax tumbled on Thursday after UK business secretary Kwasi Kwarteng said the company’s imports of US-made wood pellets to be burnt for energy wasn’t sustainable.
Marks Electrical hails strong start to year despite difficult backdrop
Marks Electrical reported a jump in revenues on Thursday as the online electricals retailer hailed "strong" trading in the four months to the end of July.
Canaccord Genuity downgrades Jupiter Fund Management to 'sell'
Analysts at Canaccord Genuity downgraded fund manager Jupiter Fund Management from 'hold' to 'sell' on Thursday, stating there was downside risk to its already below-consensus forecasts.
Capital & Regional resumes dividend after strong first half
Capital & Regional reported improved income and profitability in its half-year results on Thursday, with net rental income on its investment assets up 23% year-on-year to £12. 2m.
Old Mutual H1 earnings expected to grow at least 65%
Insurance firm Old Mutual said on Thursday that interim earnings were expected to increase no less than 65% year-on-year.