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FTSE 250 movers: WoS tanks on revenue warning; Ferrexpo up on divi
FTSE 250: 18,983. 94, +0. 63%.
Reddit reportedly planning IPO in March
Social media platform Reddit has drawn up plans to launch its initial public offering (IPO) in March, according to a report on Thursday.
Europe midday: Shares rally; Richemont surges on China earnings
European shares rallied on Thursday after a cautious start that saw them dip into the red as investors digested comments from central bankers this week that poured cold water on the idea of early interest rate cuts this year.
Europe open: Shares edge lower on rate cut timing; WoS tanks after warning
European shares made a cautious start to trading on Thursday, with shares edging lower as investors digested comments from central bankers this week that poured cold water on the idea of early interest rate cuts this year.
Watches of Switzerland tanks after revenue warning
Shares in Watches of Switzerland tanked by more than a third on Thursday as the luxury timepiece seller slashed its annual revenue guidance on the back of slumping demand for its luxury products and forecast of volatile trading conditions for the rest of the fiscal year.
JD Sports Fashion takes control of MIG after EU clearance
JD Sports Fashion said it had taken 100% control of Poland’s Marketing Investment Group after clearance from the European Commission.
Strong Christmas provides sales cheer for C&C
Magners cider owner C&C Group said it expected annual operating profit to be in line with current market expectations after resilient Christmas trading despite some adverse weather in Britain.
Eurowag posts 34% in annual revenues as new customers spur growth
Freight and road payments company Eurowag said annual revenues were expected to jump by more than a third, driven by new customers and cross-selling opportunities.
Dunelm sees FY in line on strong sales but warns on volatility
UK furniture and homewares retailer Dunelm said it expected full-year profit to be in-line with market expectations, as demand remained strong despite the cost of living crisis that has seen consumers rein in spending.
BHP reassessing value of nickel unit after price slump
Australia’s BHP Group said it may have to write down the value of its nickel operations after a price slump in the commodity.