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24 Nov
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Enquest on course to meet full-year targets

EnQuest said on Thursday it remained on track to deliver annual targets, following a strong production performance in the year to date.

24 Nov
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London open: Stocks steady as sterling strengthens

London stocks were steady at the open Thursday, underperforming European peers amid a firmer pound, as investors digested the latest minutes from the US Federal Reserve.

24 Nov
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Ofgem raises energy price cap to £4,279

Energy industry watchdog Ofgem revealed on Thursday that its price cap will hit £4,279 from January but vowed that UK households would be protected by Downing Street's emergency intervention to put a ceiling on bills.

24 Nov
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Great Portland secures flagship tenant for Oxford Street development

Great Portland Estates has leased part of its Oxford Street development to fashion retailer Reserved Clothing, the property firm confirmed on Thursday.

24 Nov
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Europe open: Shares flat on China worries; Dr Martens gets a kicking

European shares edged lower at the open on Thursday as a surge in Chinese Covid cases rising hit sentiment , with trading volumes also expected to be thin due to US markets being closed for the Thanksgiving holiday.

24 Nov
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Jet2 swings to first-half profit, lifts FY earnings outlook

Jet2 lifted its full-year earnings outlook on Thursday as it said it swung to a profit in the first half.

24 Nov
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Intertek revenues rise as China recovers

Testing, certification and inspection company Intertek posted a jump in revenue on Thursday as it hailed robust demand for its ATIC Solutions business and a recovery in China.

24 Nov
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Kingfisher trims full-year profit outlook

Kingfisher trimmed full-year profit guidance on Thursday, despite an improvement in third-quarter sales amid strong demand for energy efficiency products.

24 Nov
Profits slip for Dr. Martens, Safestore sees rise in quarterly revenue

London open The FTSE 100 is expected to open flat on Thursday, having closed up 0. 17% on Wednesday at 7,465. 24.

24 Nov
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Chinese State Council urges lenders to make use of reductions in reserve ratios

Beijing instructed lenders to increase their financial support in order to stabilise the economy and consolidate the foundations for future growth.

24 Nov
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London pre-open: Stocks seen down as investors mull Fed minutes

London stocks were set to fall at the open on Thursday as investors digested the latest minutes from the US Federal Reserve.

24 Nov
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Vivendum reiterates full-year profit forecast

Videndum reiterated its full-year guidance for full-year profits before tax despite the uncertain economic environment and weakness in consumer spending.

24 Nov
Thursday newspaper round-up: Ofgem, pensions, Bulb, Purplebricks

The energy regulator Ofgem has said its price cap will reach £4,279 from January – but households will be shielded by the government’s emergency intervention to keep a lid on bills. Ofgem said the cap, which is adjusted every quarter, will increase by £730 for the three months from the start of next year. However, the government’s energy price guarantee (EPG) will limit typical household bills to £2,500. Analysts had expected the cap to sit at about £4,200.

24 Nov
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Pershing Square takes out bet against Hong Kong dollar

US hedge fund Pershing Square Capital Management took out a bet on the Hong Kong dollar, arguing that its peg to the Greenback had outlived its usefulness.

24 Nov
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EU fails to agree on Russian oil price cap, talks set to continue

European Union ambassadors failed to agree on the exact level of a proposed price cap on exports of Russian crude oil overnight.