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Ford's second quarter profit falls after poor US and China returns
Ford Motor Company's second quarter results failed to reach the projections given by analyst estimates, as the company's shares fell almost 7% to $12. 88 in premarket trading.
Depressed oil market pushes Bodycote earnings lower
Bodycote published its interim results for the six months to 30 June on Thursday, with group revenue down 2. 9% to £291m.
Henderson Group talks up strength in interim results
Henderson Group published its interim results for the six months to 30 June on Thursday, with assets under management up 3% to £95. 0bn when compared to the start of the period.
RBC upgrades Cairn Energy to 'outperform'
Cairn Energy shares rose on Thursday as RBC Capital Markets raised its rating on the stock to ‘outperform’ from ‘sector perform’ and reiterated a target price of 260p.
Melrose Industries slides in first half as it snaps up Nortek
Melrose Industries posted its interim results for the six months to 30 June on Thursday, reiterating that Brush was performing in line with expectations in a “tough market”.
Acquisitions and weaker sterling help Spectris through first half
Productivity-enhancing instrumentation and controls company Spectris posted its half-year results for the six months to 30 June on Thursday, with reported sales growth of 3% to £581. 4m.
International Personal Finance slumps as Mexico problems hit profits
Profits slumped by more than a quarter at International Personal Finance in the first half as the company continued to endure ongoing problems in Mexico and invested further in its digital capabilities.
Royal Dutch Shell profits slump, miss forecasts by $1bn
Royal Dutch Shell’s second quarter profits dropped 72% due to lower oil prices and narrower refining margins, though the dividend was held steady despite a stonking 94% fall in earnings.
Rentokil Initial lifts interims
Pest controller Rentokil Initial said interim pre-tax profits rose to £74. 9m from £68. 6m, adding that it remained on track to met full year expectations despite “challenging conditions” in parts of Europe.
London City airport to receive £344mn expansion
Ministers have approved the planned £344mn expansion of London City Airport, in a move which will create at least 1600 jobs in the capital.
Anglo American posts FY loss on commodity price-driven impairments
Anglo American has narrowed its first-half pre-tax loss to $364m, from $1. 92bn, as mining titan booked a commodity price-driven impairment of $1. 2bn linked to its Moranbah and Grosvenor coal assets.
London midday: FTSE falls as traders sift through corporate earnings
London stocks were under the cosh on Thursday as traders waded through a flood of corporate earnings on the FTSE 350.
House prices grow in July but too early to tell Brexit impact, says Nationwide
House price growth was steady in July but it’s too early tell if there is any impact from Brexit, according to Nationwide on Thursday.
Pinewood confirms possible £323.3m offer
Pinewood Group has reached agreement on the key terms of a possible cash offer for it by Venus Grafton Sarl, or one of its subsidiaries (collectively 'Bidco').
National Express' revenue rises due to overseas expansion
Transport operator National Express’ revenues jumped 14. 4% to £1. 1bn in the first half of the year, in line with expectations, due to expansion abroad.
Premier Farnell quits Datwyler offer to recommend Avnet's tilt
UK mini-computer maker Premier Farnell has abandoned its recommendation on an offer by Datwyler Technical Components UK Ltd in favour of a rival and richer bid stumped up by Avnet, Inc.
Cineworld buys five cinemas from Empire for £94m
Cinema operator Cineworld bought five cinemas from Empire Cinemas for about £94m and sold to Empire its three-screen cinema in Haymarket.
Europe midday: Stocks mostly down despite encouraging EC sentiment survey
European stocks were mostly in the red by noon on Thursday with a positive survey on eurozone economic confidence failing to coax all but Germany's equity benchmark onto the front foot, after mixed signals from the Federal Reserve overnight and ahead of Japan's stimulus decision on Friday.
European economic sentiment remains stable despite Brexit
Economic and consumer confidence in Europe remained low but surprised economists by showing no sign of waning since the UK’s decision to exit the European Union, according to the latest sentiment survey.
Diageo posts positive organic growth, while reported sales slide
International distilling giant Diageo posted its preliminary results for the year to 30 June on Thursday, reporting an improvement in organic results with volume growth of 1. 3%, net sales growth of 2. 8% to £10. 485bn, and operating profit growth of 3. 5% to £3. 008bn.