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FTSE 100 movers: CRH rallies on results; IAG flies lower
London’s FTSE 100 was up 0. 3% at 7,649. 78 in afternoon trade on Thursday.
Sainsbury’s to axe 1,500 jobs in cost-cutting drive
Supermarket chain Sainsbury's said on Thursday that it’s planning to cut around 1,500 jobs, as it looks to reduce costs and focus on food.
Wincanton surges as GXO makes £764m takeover offer, trumps CEVA Logistics
Wincanton surged on Thursday after Clipper Logistics owner GXO Logistics said it had made a £764m takeover offer for the company, potentially kicking off a bidding war.
Vodafone rallies on 'RARE' Betaville report
Vodafone rallied on Thursday amid takeover speculation.
London midday: FTSE maintains gains after mortgage approvals, ahead of US PCE
London stocks were still firmer by midday on Thursday as investors digested a slew of UK earnings releases and the latest mortgage approvals figures, and looked to a key US inflation reading.
Ageas would need to offer 270p to 300p a share for Direct Line, says Jefferies
Belgium’s Ageas would need to make an offer of 270p to 300p a share for UK insurer Direct Line for it to be more likely to be accepted, Jefferies said in a note on Thursday.
Avacta tumbles after raising £25.7m in heavily discounted placing
Healthcare therapeutics company Avacta tumbled on Thursday after a heavily discounted placing.
London open: Stocks rise as investors eye US inflation data
London stocks edged up in early trade on Thursday as investors digested a slew of UK earnings releases and looked to the release of key US inflation data.
Drax lifts dividend as full-year profits jump
Power generation company Drax posted a surge in full-year profits on Thursday and lifted its dividend, as Britons struggled to pay their energy bills.
Vesuvius FY profits drop amid ‘difficult’ market conditions
Molten metal flow engineer Vesuvius reported a drop in full-year profit and revenue on Thursday amid "difficult" market conditions.
Ocado returns to profit in 2023
Ocado said on Thursday that it swung back to an underlying profit in 2023 as its joint venture with M&S returned to profit.
London pre-open: Stocks to edge up as investors eye US inflation data
London stocks were set to edge up at the open on Thursday as investors eyed a slew of UK earnings releases and key US inflation data.
Thursday newspaper round-up: Non-dom rules, Dyson, Skipton
Jeremy Hunt is considering scrapping Britain’s non-domiciled tax rules in next week’s budget, it has been reported, in a move that would see him poach one of Labour’s key fiscal policies. The decision is understood to be on a list of revenue-generating options drawn up for the chancellor and Rishi Sunak after economic estimates left them with less money than expected for tax cuts or spending pledges. – Guardian.