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Results round-up
Independent oil and gas exploration and production company Gulf Keystone Petroleum announced its results for the six months to 30 June on Thursday, with revenues of $102. 1m recognised during the period, up significantly from $30. 1m in the first half of 2015.
Instagram hits 500,000 advertisers despite strong competition
Facebook-owned social media site Instagram has doubled its number of advertisers to 500,000 in just six months, as companies bank on its increased popularity.
US existing home sales unexpectedly decline in August
Sales of existing US homes unexpectedly declined again in August, according to data from the National Association of Realtors.
Science In Sport revenues improve, but loss widens
Sports nutrition company Science in Sport announced its unaudited results for the six months to 30 June on Thursday, with revenues increasing 24% to £6. 48m, which the board said demonstrated continued growth, with e-commerce and third-party online retailers being “particularly strong”.
US open: Stocks gain as traders weigh Fed policy decision
US stocks were in the green on Thursday as traders continued to digest the Federal Reserve’s decision to leave interest rates unchanged.
Skil Ports needs further funds for Mumbai facility
India’s Skil Ports & Logistics swung to a small profit in the first half of the year but the company confirmed it needs an additional £36m to complete construction at its Mumbai facility.
Newmark Security warns full year will slide into loss
Having only recently issued a profit warning, Newmark Security revealed on Thursday it now expects to report a loss for the full year.
Acquisition boosts full-year results for FW Thorpe
Designer, manufacturers and suppliers of professional lighting systems, F W Thorpe, announced its preliminary results for the year to 30 June on Thursday, with revenue up 20. 9% to £88. 9m, or up 4. 4% excluding the acquisition of Lightronics.
Women work four years more than men during their lifetime
Women around the world spend an extra month more every year working on paid and unpaid labour than their male peers, according to a report by ActionAid.
BoE's Forbes unconvinced of need for further stimulus
Britain's economy did not need further stimulus at present, a top official from the Bank of England said.
Fishing Republic reels in profit guidance for full year
Fishing Republic's landed a healthy set of interim results to June but endured a quieter July and August and said its profit for the full year would be lower as it invested in expanding its store network.
Countrywide shares drop on Zoopla stake sale
Shares in Countrywide fell on Thursday after the FTSE 250 estate agency group said it has sold its remaining stake in property website Zoopla.
AutoZone sees profits grow after adding stores
Vehicle parts retailer AutoZone reported better-than-expected earnings for its fourth quarter on Thursday, on the back of new store openings across the United States.
FTSE 100 movers: Miners gain on dollar weakness; Pearson drops on downgrade
London’s FTSE 100 index was up 1. 4% to 6,928. 33 in afternoon trade as investors digested the Federal Reserve’s decision to keep rates on hold and signals a hike was likely by the end of the year.
Revolymer undergoes simultaneous acquisition and divestment in first half
Revolymer rejigged its portfolio of businesses to increase its focus on the chemicals space and getting its products to market more quickly despite its finite cash resources.
US jobless claims extend falling streak to 81 weeks
Jobless claims Stateside fell for an 81st consecutive week over the seven days ending on 17 September, the longest such streak since 1970.
Cambridge Cognition's sales up after investments in marketing
Cambridge Cognition’ half-year revenues grew and losses were more than halved as the neuroscience software and hardware company's invested in marketing and development.
Friday preview: Fed officials appear on panel in wake of interest rate decision
Federal Reserve presidents Patrick Harker, Loretta Mester and Dennis Lockhart will appear on a panel on Friday, two days after the US central bank’s latest policy announcement.
Li Ka-Shing set to launch bid for National Grid gas arm
Li Ka-Shing is set to join the fray for a majority stake in National Grid's gas distribution unit which has attracted multiple potential investors from around the globe.