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JD Sports surges on FY outlook as demand for trainers stays strong
Shares in JD Sports Fashion surged as the UK sportswear retailer said it was on track to deliver a 5% rise in annual profit after interim earnings rose by more than a quarter, driven by resilient sales of trainers and athletic leisurewear amid the cost-of-living crisis.
Broker tips: JD Sports, Dunelm
Shares in JD Sports Fashion surged on Thursday after the sportswear retailer beat forecasts with its interim results, with broker Shore Capital hailing "significant progress" as it reiterated its 'buy' rating on the stock.
Dunelm continues to outperform, says Berenberg
Berenberg has reiterated its 'buy' rating on Dunelm after the homewares retailer's strong annual results this week, saying that its market outperformance should continue.
Alpha Group progressing plans for main market listing
Corporate financial solutions specialist Alpha Group International updated the market on its ambition to move to the premium list of the main market on Thursday.
CVS Group optimistic after year of growth
Veterinary service provider CVS Group reported a solid set of full-year financial results on Thursday, as revenues surged 9. 8% to £608. 3m.
Fonix Mobile reports robust set of full-year results
Fonix Mobile announced a robust set of full-year financial results on Thursday, with a 3. 7% rise in total payment volume to £268. 1m.
Europe midday: Shares pare losses as BoE holds rate steady
European stocks pared losses but were still significantly lower after the Bank of England held rates steady for the first time in almost two years in response to lower-than-expected inflation figures on Wednesday, although markets were still worried about hawkish comments from the US Federal Reserve on future rate rises.
Bank of England leaves rates unchanged for first time since November 2021
The Bank of England has left interest rates unchanged for the first time in 15 meetings, the central bank announced on Thursday – though the decision was finely balanced.
London midday: Stocks cut losses after BoE holds rates steady
London stocks completed erased early losses by Thursday lunchtime after the Bank of England chose to keep interest rates unchanged at its latest policy meeting after data showed a surprise slowdown in inflation.
Asia report: Markets fall after Fed rate decision; NZ avoids recession
Markets across the Asia-Pacific region experienced a downturn on Thursday after the US Federal Reserve stood pat on interest rates overnight.
Shares in Strix slump on disappointing interim numbers
Shares in Strix Group plunged on Thursday, after the Aim-listed firm reported a slide in half-year profits.
US pre-open: Stocks to extend losses after FOMC meeting
US stock futures were pointing to further losses on Wall Street on Thursday after hawkish comments from the Federal Reserve spooked investors the previous session.
Swiss National Bank keeps rates on hold
The Swiss National Bank left interest rates unchanged on Thursday, ending a run of five consecutive hikes.
SSP slides on guidance for low-end earnings per share
Shares in SSP Group were in the red on Thursday morning, after it flagged earnings per share guidance at the lower end of expectations.
Toshiba to go private after 74 years
Japan’s Toshiba is set to leave the stock market after more than 70 years, it was confirmed on Thursday, after a consortium acquired a majority of its shares.
Shore Capital hails impressive first half from JD Sports
Shares in JD Sports Fashion surged on Thursday morning after the sportswear retailer beat forecasts with its interim results, with broker Shore Capital hailing "significant progress" as it reiterated its 'buy' rating on the stock.
Fed's hawkish pause doesn't please cryptos; Bitcoin´s back to $27,000
There´s been a downward turn in the cryptocurrency market. Bitcoin (BTC) slows its climb and is just below $27,100 and Ethereum (ETH) drops 0. 8% in the last 24 hours and is heading towards $1,600.
London open: Retail stocks gain, but markets hit by Fed comments
UK stocks retreated on Thursday as investors' appetite for risk declined in the aftermath of some hawkish comments from the Federal Reserve, as markets look ahead to an uncertain monetary policy decision from the Bank of England.
Europe open: Shares slide on hawkish Fed as eyes turn to BoE
European stocks opened in the red on Thursday after hawkish comments from the US Federal Reserve on future rate rises dampened sentiment and investors turned their attention to the Bank of England's own policy meeting.
Capita signs two new contracts worth £565m
Outsourcing group Capita said it has signed two new contracts with the UK and Northern Ireland governments worth a combined £565m.