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Emerging markets boost Ashmore assets in quarterly review
Specialist emerging markets asset manager Ashmore Group posted an update to its assets under management for the quarter to 30 June 2016, with assets under management increasing by $1. 3bn over the period through positive investment performance of $2bn and net outflows of $0. 7bn.
Europe open: Stocks rise ahead of BoE rate announcement
European stocks rose in early trade amid expectations that the Bank of England will announce a rate cut later on Thursday.
3i Infrastructure to put EUR 69m into French wind developer
3i Infrastructure announced on Thursday that it has signed an agreement to invest around €69m, subject to completion adjustments, in Valorem.
London open: Stocks show confidence ahead of Bank rate cut
London stocks started in confident fashion on Thursday ahead of an expected interest rate cut from the Bank of England later and following a positive Asia session.
Supergroup ahead at year-end as faux-Japanese fashion flies
Supergroup, owner of the faux-Japanese fashion brand Superdry, announced full-year results for the 53 weeks to 30 April on Thursday.
Micro Focus results above expectations after acquisitions
Software company Micro Focus announced its audited preliminary results on Thursday, which were at the high end of management expectations for the year to 30 April, with reported operating profit doubling year-on-year and the final dividend increasing by 50. 7%.
Workspace posts rise in first-quarter rent roll
FTSE 250 flexible office space provider Workspace reported a rise in first quarter total rent roll on Thursday and said it was keeping a close eye on the impact of the UK’s vote to leave the European Union.
Evraz confirms new blast furnace for Nizhny Tagil
EVRAZ announced the start of a new blast furnace at its Nizhny Tagil Metallurgical Plant in Sverdlovsk, Russia.
Halfords sales skid lower as cycling loses grip in wet weather
Like-for-like sales skidded lower at Halfords in the first quarter as the timing of Easter and dreary weather exacerbated the recent cycling decline.
Moneysupermarket.com expects 10% revenue growth in first half
Price comparison website Moneysupermarket. com said it expects solid first-half results, with revenues seen growing by 10% year-on-year.
Group revenue up at Experian in first quarter
Information services firm Experian issued a first quarter trading update on Thursday, with total revenue growth of 5% at constant exchange rates in the three months to 30 June and 1% at actual exchange rates.
London pre-open: Stocks seen up ahead of BoE rate announcement
London stocks were expected to open higher on Thursday as investors looked to the Bank of England’s rate announcement.
Thursday newspaper round-up: House prices, Co-op, BoE rates
Britain’s housing market has taken a post-referendum nosedive with a sharp drop in purchase enquiries at estate agents, a reduction in sales agreed and expectations of falling prices. In its latest survey of estate agents and surveyors, conducted after the June 23 vote to leave the EU, the Royal Institution of Chartered Surveyors found a “marked drop in activity in the housing market”. – Financial Times.
Experian sales rise 5pc, B&M's new stores drive growth
London open The FTSE 100 is expected to open almost exactly flat, according to pre-market trading.
B&M European opens 17 stores in quarter but LFL sales fall flat
Opening 12 new UK stores and five in Germany, B&M European Value Retail said it was "on course" to hit market profit forecasts after a period of strong first-quarter revenue but flat UK like-for-like sales.