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Bitcoin slides to 3-month low and could fall further
The US Federal Reserve´s (Fed) rate decision weighed on Bitcoin and cryptocurrencies alongside other risk assets and added downward pressure on digital assets. Total market capitalization rises marginally above $900 billion, while the queen of digital currencies extended recent lows to $18,290, and sends fresh signals that it is poised to test recent lows at $17,500.
PZ Cussons sees strong start to Q1 as annual profits fall
Consumer goods giant PZ Cussons said first quarter like-for-like sales rose 6. 7% on the back of higher prices as it also reported a fall in annual profits due to lower revenues and brand impairment.
BoJ intervenes for first time since 1998 to strengthen yen
Japanese authorities intervened in foreign exchange markets on Thursday with the aim of strengthening their currency for the first time since 1998.
Norway lifts rates by 50 basis points, expects another hike in November
The Norges Bank hiked its benchmark interest rate by 50 basis points to a 10-year high of 2. 25% on Thursday as it looks to tackle rising inflation, and indicated that rates will most likely be lifted again in November.
Polymetal swings into the red as Russian pressures mount
Polymetal International swung to a half-year loss after gold sales lagged production, the mining giant said on Thursday.
Swiss National Bank hikes rates by 75 basis points
The Swiss National Bank hiked interest rates on Thursday by 75 basis points, as expected.
Mobile Streams inks five-year NFT deal with Mexico's Atlante FC
Data intelligence company Mobile Streams has signed a five-year contract to be the exclusive provider of all NFT products for Mexico's Atlante Football Club.
Europe open: Shares slump after Fed hike, investors wait on BoE
European stocks opened sharply lower on Thursday as investors digested the third straight 0. 75 point rise by the US Federal Reserve and braced themselves for a similar move by the Bank of England later in the day.
Deutsche Bank stays at 'buy' on Vodafone, says shares 'cheap'
Analysts at Deutsche Bank reiterated their 'buy' recommendation for shares of Vodafone, saying that the shares were "cheap" even while conceding that it had been a "disappointing" year thus far.
Trakm8 YTD trading in line with expectations
Fleet management solutions provider Trakm8 said on Thursday that it had continued to perform in line with market expectations during the first five months of the financial year.
London open: Stocks slide after hawkish Fed, ahead of BoE
London stocks slid in early trade on Thursday ahead of the latest policy announcement from the Bank of England, as investors digested another big rate hike from the US Federal Reserve and a hawkish stance.
'It is clear we need to keep raising rates,' ECB's Schnabel says
"It is clear that we need to continue raising rates" a top European Central Bank official said.
Segro chief operating officer to retire
Real estate investment trust Segro revealed on Thursday that chief operating officer Andy Gulliford will step down from the business in 2023.
GSK takes stake in Spero in deal on UTI treatment
UK pharmaceutical company GSK is taking a stake in Spero Therapeutics as part of a licensing agreement for the US-based drug developer's experimental antibiotic for complicated urinary tract infections.
Playtech hails 'excellent' first half
Gambling software development company Playtech hailed an "excellent" first-half performance on Thursday, with a rise in revenues and earnings driven by regulated B2B markets and the Snaitech business.
JD Sports 'cautious' of FY results amid high inflation
Sportswear retailer JD Sports said on Thursday that it was "cautious" of its full-year trading results after a red-hot inflationary environment offset the group's improved interim revenue performance.
AstraZeneca, MSD's Lynparza approved for use in China
AstraZeneca and MSD said their Lynparza ovarian cancer drug has been approved in China for the maintenance treatment of adult patients.
LXi REIT agrees to buy store portfolio from Sainsbury's for £500m
LXi REIT said on Thursday that it has exchanged contracts to buy 18 grocery store assets from Sainsbury’s on a sale and leaseback basis for £500m.
Yen slips past 145 as BoJ sticks with yield curve control
The Bank of Japan stuck to its policy of so-called yield curve control, triggering another decline in the country's currency.
London pre-open: Stocks to fall after hawkish Fed, ahead of BoE
London stocks were set to slide at the open on Thursday following heavy losses on Wall Street, after the US Federal Reserve hiked interest rates by 75 basis points and struck a hawkish tone.