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Coats sees 'modest' revenue rise on market recovery
Industrial threads maker Coats said it expected “modest” revenue growth this year as markets recovered in the second half after reporting higher 2023 profits.
Aviva in £300m share buyback as FY profits rise 9%
UK insurance giant Aviva on Thursday unveiled a £300m share buyback and better-than-expected 9% rise in full-year earnings on a strong increase in general insurance premiums.
FTSE 250 movers: Virgin on the money; Tyman slips on outlook
FTSE 250 (MCX) 19,654. 33 0. 93%.
ITV profits slump amid weak ad revenues
UK broadcaster ITV reported a 41% fall in annual profits as weak ad revenues offset a record performance from its studios unit.
Europe midday: Stoxx passes 500 to hit record highs; Virgin in focus
European markets rallied to hit record highs on Thursday, with the Stoxx 600 index passing 500 points as investors awaited the outcome of the European Central Bank’s policy meeting later in the day, while Virgin Money was in the spotlight after a £2. 9bn takeover by Britain’s Nationwide Building Society.
Europe open: Stoxx weak ahead of ECB; Virgin surges on takeover
European markets were in the doldrums at the open on Thursday, with investors awaiting the outcome of the European Central Bank’s policy meeting later in the day, while Virgin Money was in the spotlight after a £2. 9bn takeover by Britain’s Nationwide Building Society.
Tyman sees 'challenging' markets as profits fall 19%
Door and window parts maker Tyman said it expected a “challenging” market outlook this year as the building sector continued to struggle amid high interest rates and inflation, reflected in a 19% fall in 2023 profits.
China Jan-Feb exports smash estimates with 7.1% rise
China reported a sharply better-than-expected rise in exports for the first two months of the year, according to official figures published on Thursday.
Harbour Energy holds production guidance as weak prices hit 2023 profits
North Sea oil and gas producer Harbour Energy on Thursday held production guidance for 2024 as it reported a sharp fall in annual profits on the back of lower output and weaker prices.