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JD Sports slumps on warning profit will be at lower end of range
Shares in JD Sports Fashion slumped by 15% on Thursday as the retailer warned full-year profits would be at the lower end of forecasts after a “volatile” trading environment in October due to bigger discounts, milder weather and consumer caution ahead of the US election.
PZ Cussons sees H1 sales growth of 5% as trading in line
Personal healthcare product maker PZ Cussons on Thursday said it expected first-half like-for-like revenue growth of 5%, with trading in line with expectations since its annual results in September.
Investec profits rise through improved cost efficiency
Investec reported a 7. 6% rise in adjusted operating profit to £474. 7m for the six months ended 30 September on Thursday, driven by revenue growth of 5. 6% to £1. 1bn and improved cost efficiency.
UK govt borrows more than expected in October
The UK government borrowed more than expected in October as spending and debt repayments outstripped tax receipts, official data showed on Thursday.
Close Brothers reports stable Q1 amid motor finance uncertainty
Close Brothers reported a stable first-quarter performance in an update on Thursday, supported by growth in its banking division and disciplined cost management, despite headwinds from legal challenges in its motor finance business.
Mitie hails record contract wins as H1 profits rise
Mitie reported a jump in first-half profits and revenue on Thursday as it hailed record contract wins and renewals.
Halma ups dividend as first-half revenues top £1bn
Safety equipment and hazard detection products group Halma has raised its interim dividend by 7% after a record first-half performance which saw sales top the £1bn mark, as it retained its guidance for the full year.
Frasers Group and Boohoo in fresh clash over Kamani
Frasers Group, the largest shareholder in Boohoo with a 28. 01% stake, intensified its call for the removal of Boohoo’s executive chairman Mahmud Kamani on Thursday.
Liontrust to cut jobs as profits fall
Liontrust Asset Management said on Thursday that it was planning to cut around 25 jobs in a bid to save costs, as it reported a drop in first-half profits.
IDS returns to profit as Royal Mail losses shrink
Postal and courier giant International Distribution Services returned to an adjusted operating profit in the first half, as revenues increased across the group and losses at Royal Mail reduced.
London pre-open: Stocks seen up as investors mull Nvidia results
London stocks were set to rise at the open on Thursday as investors mulled third-quarter results released overnight by US tech giant Nvidia.
JD Sports flags profits at lower end of forecasts, Frasers and Boohoo clash over Kamani
London open The FTSE 100 is expected to open 39 points higher on Thursday, having closed down 0. 17% on Wednesday at 8,085. 07.
Thursday newspaper round-up: Energy suppliers, Tokamak Energy, RedBird IMI
Energy suppliers will spend £500m helping customers with their energy bills this winter, after the government helped broker a deal involving 12 of the biggest companies in the UK. Suppliers will spend the money in a variety of ways, including putting credit on some customers’ bills, writing off the debts of others and putting credit on prepayment meters, sources told the Guardian. – Guardian.