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FTSE 250 movers: Drax, Howden power ahead; Aston Martin reverses
FTSE 250 (MCX) 19,139. 10 0. 66%.
German inflation falls again to 2.5% in February
German inflation fell again this month to its lowest level since June 2021, with the February headline rate hitting 2. 5% on an annualised basis, compared with 2. 9% in January, according to flash estimates released on Thursday.
Europe midday: DAX hits record high as investors eye US PCE
European markets were higher on Thursday as investors digested another dump of corporate earnings and looked ahead to inflation data in the US and Europe, while German shares hit record highs in the morning session.
IAG profits fly past pre-pandemic levels on strong leisure demand
British Airways owner IAG on Thursday more than doubled annual profit as demand continued to rebound from the effects of the Covid pandemic.
Europe open: Shares gain ahead of US PCE; Haleon up on sales forecasts
European markets opened higher on Thursday as investors digested another dump of corporate earnings and looked ahead to inflation data in the US and Europe.
Serco sees lower revenue, profits up in 2024
Government contractor Serco said it expected slightly lower revenues this year and a 5% rise in profit as 2023 earnings rose 25%.
Howden profits fall 19% on weaker building market
Profits at Howden Joinery fell more than expected last year as a weaker DIY and housing market hit the bottom line.
German retail sales fall unexpectedly in January
German retail sales fell unexpectedly in January, down 0. 4% against expectations of a 0. 5% rise, according to official data published on Thursday.
Haleon sees higher sales in 2024 as FY profits come in flat
Consumer health firm Haleon on Thursday posted flat annual earnings and said it expected to grow revenue this year on higher demand.