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Venn Life Sciences revenues edge higher
Contract research organisation Venn Life Sciences said its new financial year “started well” in a trading update on Thursday, with contract wins of €5. 7m secured in January and February.
Sales run higher at Science in Sport
Sports nutrition company Science in Sport reported a 28% improvement in sales in its first half on Thursday to £8. 27m, in a period the board said consisted of “strong” sales increases and “significant” progress in the execution of its growth strategy.
Reach4entertainment agrees variation on finance with PNC
Media and entertainment company reach4entertainment has agreed a variation of the covenants on its three-year secured asset base facility with PNC Business Credit, it announced on Thursday, which it said reflected the shift in the weighting of its revenues in 2016 and 2017, which affected the 12-month rolling covenant test.
'We're not there yet, financing conditions favourable' ECB's Draghi says
"We're not there yet", European Central Bank chief Mario Draghi said in his press conference when asked whether monetary policy needed to remain as accommodative as it was.
SafeCharge makes 'solid' start to financial year
Advanced payment technology company SafeCharge said trading in the first half of its financial year was “solid” on Thursday, with the performance of SafeCharge Acquiring “particularly strong” and ahead of management expectations.
Origo continues selldown with agreement to sell Rising Tech
China and Mongolia-focussed closed-end investment company Origo Partners, which is seeking to divest its entire portfolio by November 2018, has entered into binding agreements with ChinaEquity International for the disposal of its 2% equity stake in Rising Technology Corporation and its 1. 6% beneficial interest in Beijing Rising Information Technology.
Philly Fed index falls more than estimated in July
Manufacturing conditions in the Philadelphia region deteriorated more than expected in July, according to a survey released on Thursday.
US jobless claims drop more than expected
The number of Americans filing for unemployment benefits fell more than expected last week, according to data from the Labor Department.
Thursday broker round-up
BHP Billiton: Citigroup downgrades to Neutral with a target price of 1350p.
ECB keeps policy rates unchanged, as expected
The European Central Bank kept all its main policy rates unchanged on Thursday, as expected.
Nyota Minerals runs down cash from share placing, tenements sale
Nyota Minerals said its cash position was little changed at the end of the latest quarter despite its most recent share placing and after the sale of its residual tenements, even as the company continued to search for a viable business after an attempted cash call fell through.
BP in talks to sell North Sea production assets
BP has begun talks to sell its North Sea oil and gas production assets, according to reports on Thursday.
IOD study highlights businesses' unpreparedness regarding Brexit plans
The Institute of Directors (IoD) says in a study published Thursday morning that only 11% of British companies have begun to implement contingency plans for Brexit.
Europe midday: Stocks just off best levels going into ECB press conference
Stocks are holding higher but have come off their best levels of the session running into European Central Bank governor Mario Draghi's press conference.
Spirent's refocus and new CFO leads to Jefferies upgrade
Spirent Communications was upgraded to 'buy' from 'hold' by Jefferies on Thursday as the testing company has "refocused" the business on markets that could drive stronger growth.
Barnier demands UK clarify position on Brexit divorce bill
Britain needed to clarify its position on the Brexit divorce bill, chief EU negotiator Michel Barnier said on Thursday after the first full week of talks with UK officials.
UK's Fox insists Britain can make trade deals outside EU
Britain could “simply replicate” its trade deals outside the European Union, said International Trade Secretary and leading advocate of Brexit Liam Fox.
London midday: Stocks extend gains as retail sales impress, pound flounders
London stocks had extended gains by midday on Thursday, underpinned by a weaker pound and better-than-expected retail sales data.
Surge in podcast listening sees AudioBoom boom
Podcast and spoken word audio-on-demand platform AudioBoom reported a 460% surge in revenue in its first half on Thursday, which was ahead of what was flagged in its previous trading update on 7 June.
EasyJet passenger numbers rise but they're paying less
Low-cost carrier easyJet reported a “strong” performance in its third quarter on Thursday and upgraded its profit guidance but admitted revenue per seat would decline by 2% across the second half as a whole.