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IAG abandons pursuit of Air Europa
British Airways and Iberia owner IAG said on Thursday that it had terminated its agreement to buy Air Europa as it would not be in the best interests of shareholders "in the current regulatory environment".
FTSE 250 movers: Coats Group surges; Pets at Home falls
London’s FTSE 250 closed down 0. 7% at 21,459. 23 on Thursday.
FTSE 100 movers: Rolls-Royce rallies on results; airlines fly lower
London’s FTSE 100 was flat at 8,371. 01 in afternoon trade on Thursday after the Bank of England cut rates for the first time in four years and amid an avalanche of corporate news.
SocGen cuts outlook for French retail bank, shares tumble
Societe Generale tumbled on Thursday after cutting the outlook for its French retail bank.
Bank of England cuts rates for first time in four years
The Bank of England cut interest rates on Thursday for the first time in four years.
Europe midday: Stocks down but off lows; BoE in focus
European stocks were off earlier lows but still in the red by midday on Thursday, weighed down by weak performances from auto makers and Societe Generale, as investors mulled the latest policy announcement from the Bank of England.
London midday: Stocks touch higher as BoE cuts rates
London stocks were still just a touch firmer by midday on Thursday as investors mulled the first rate cut from the Bank of England in four years and waded through a deluge of corporate news.
Pets at Home maintains FY guidance, hails 'resilient' start to year
Pets at Home maintained its full-year guidance on Thursday as it hailed a "resilient" start to the year.
Robert Walters swings to first-half loss amid ‘challenging’ markets
Recruiter Robert Walters said on Thursday that it swung to a loss in the first half amid challenging conditions.
UK factory growth hits two-year high in July
Production in the UK manufacturing sector grew in July at its fastest pace since February 2022, according to a survey released on Thursday.
Rolls-Royce lifts FY profit guidance after strong first half
Rolls-Royce lifted its full-year profit guidance on Thursday as it hailed a strong first half and said it was reinstating dividends.
Elementis lifts FY outlook after 'strong' first half
Elementis lifted its full-year outlook on Thursday as it hailed a "strong" first-half delivery and announced a strategic review of its talc business.
Eurozone manufacturing sector remains in contraction
The eurozone manufacturing sector remained in contraction territory in July, according to a survey released on Thursday.
Europe open: Stocks in the red as car makers slump
European stocks fell in early trade on Thursday, dragged lower by weak performances from the likes of BMW, Volkswagen and Societe Generale.
Vesuvius lowers full-year expectations
Vesuvius tumbled on Thursday after it said end markets were weaker than expected in the first half and that full-year headline trading profit was set to be "only slightly ahead" of last year on a constant currency basis.
London open: FTSE nudges up ahead of BoE, amid earnings barrage
London stocks nudged higher in early trade on Thursday as investors waded through a deluge of corporate news and eyed the latest policy announcement from the Bank of England.
BAE Systems lifts full-year guidance as H1 earnings rise
Defence and aerospace firm BAE Systems lifted its full-year guidance on Thursday as it posted a jump in underlying sales and earnings for the first half.
China Caixin manufacturing PMI deteriorates in July
Activity in China’s manufacturing sector deteriorated more than expected in July, according to data released on Thursday.
Shell Q2 earnings beat expectations, $3.5bn share buyback launched
Oil giant Shell reported better-than-expected earnings for the second quarter on Thursday as it announced a $3. 5bn share buyback.
UK annual house price growth fastest since December 2022 - Nationwide
UK house prices rose in July at the fastest annual rate since December 2022, according to data released by Nationwide on Thursday.