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TalkTalk FY profits more than halved after cyber attack
Full year pre-tax profits at telecoms group TalkTalk more than halved to £14m after last year's embarrassing cyber attack cost the company £42m.
Europe open: Construction and bank stocks lead losses
Construction and bank stocks dragged European indices lower following weak results out of Lafarge Holcim and Credit Agricole, highlighting just how weak the earnings season has been relatively to expectations at the start of the year.
3i Infrastructure posts strong NAV growth
3i Infrastructure reported on a year of strong portfolio performance on Thursday, with a 14% total return on net asset value in the year to 31 March.
Nissan confirms plans to take 34% stake in scandal-hit Mitsubishi
Japanese auto colossus Nissan has agreed to pay 237bn yen (£1. 5bn) for a third of rival Mitsubishi Motors, which is reeling from admissions it falsified fuel economy data.
London open: Equities fall ahead of BoE's 'Super Thursday'
UK equities were in the red ahead of the Bank of England’s ‘Super Thursday’ of announcements which includes the policy decision, meeting minutes and Inflation Report.
Galliford sees full year in line with expectations
Builder Galliford Try said it expected full year results to be in line with management expectations, with all three of its businesses “encouraged by future opportunities".
Tullett Prebon revenues up; sees 'mixed' trading conditions
Revenues in the first four months of the year at inter-dealer broker Tullett Prebon rose 2% to £291m, although they fell 1% at constant exchange rates.
AstraZeneca's selumetinib receives Orphan Drug Designation
AstraZeneca was celebrating on Thursday, after the US Food and Drug Administration granted its investigational MEK ½ inhibitor, selumetinib, ‘Orphan Drug Designation’ for adjuvant treatment of patients with stage III or IV differentiated thyroid cancer.
Stagecoach and FirstGroup to battle on East Coast
Passengers on the East Coast Main Line were being promised more choice on Thursday, with the Office of Rail and Road granting both Virgin Trains East Coast and FirstGroup rights to operate new services on the London-to-Edinburgh railway.
UK house price growth slows in April, RICS says
House price growth in the UK slowed in April the results of a survey showed, but both surveyors and analysts expected to see a re-acceleration in the back-half of 2016.
Tesco faces Irish strike threat over pay cuts
Store staff in more than 70 of Tesco's Irish stores have threatened to go on strike next Monday in a dispute over pay and changed conditions.
London pre-open: All eyes on BoE's Carney and Vlieghe
A cautious tone is expected to prevail at the start of trading, with traders sitting on their hands of the results of today's Monetary Policy Committee meeting, minutes and Inflation Report.
Thursday newspaper round-up: Money laundering, housing demand, Iran
David Cameron is to counter claims that his campaign against international corruption is hobbled by London’s reputation as the money laundering capital of the world by introducing a new corporate offence for executives who fail to prevent fraud or money laundering inside their companies. Ahead of Thursday’s anti-corruption summit in the capital, the prime minister revealed plans to force all foreign companies buying property in the UK to disclose their true owners in a public register for the first time.
ITV ad revenue slumps, Mondi profits from packaging
London open The FTSE 100 index is predicted to fall 25 points on Thursday morning, reversing its minimal gain from the previous day.
Mondi sees FY in line with expectations after strong Q1
Underlying first quarter operating profits at paper manufacturer Mondi rose 14% year on year to €269m with strong contributions from consumer packaging, uncoated fine paper and South Africa Division offsetting the impact of lower selling prices in certain packaging paper segments and margin pressure in fibre packaging.
US close: Dow suffers worst day in five years
Sharp gains in crude prices and disappointing results from Disney and Macy’s pushed US stocks lower on Wednesday, with the Dow industrials posting their worst day in more than five years.