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Brooks Macdonald reports 'positive' quarter amid downturn
Brooks Macdonald Group reported a “positive” fourth quarter in an update on Thursday, benefiting from “strong” client and intermediary relationships and a “resilient” business model.
Friday preview: US retail sales, China Q2 GDP in the spotlight
Financial markets' attention will continue to be fixated on the US where a barrage of fresh economic statistics are slated for release.
Europe midday: Stocks slip amid Italian political uncertainty
Stocks on the Continent were slipping lower in early trading on the back of signs of political troubles brewing in Italy and following modest losses overnight in US stock markets.
Polar Capital assets under management fall in June quarter
Specialist active asset manager Polar Capital said in an update on Thursday that at the end of June its assets under management totalled £18. 9bn.
London midday: FTSE falls further; insurers under the cosh
London stocks had fallen further into the red by midday on Thursday, with sentiment dented by worries about inflation and a global slowdown as investors eyed key earnings across the pond from the likes of JPMorgan and Morgan Stanley.
IQE ends first half in line with expectations
Semiconductor wafer and advanced materials supplier IQE said in an update on Thursday that trading in its first half was in line with management expectations.
Atalaya pleased with second quarter performance at Riotinto
Atalaya Mining updated the market on its second quarter operations at Proyecto Riotinto on Thursday, reporting that 3. 8 million tonnes of ore was mined in the period, down from four million tonnes in the first quarter, but up from 3. 3 million tonnes a year earlier.
Asia report: Stocks mixed after surprise tightening from Singapore, Philippines
Most markets in Asia closed mixed on Thursday, as policymakers in both Singapore and the Philippines made moves to tighten.
Deutsche Telekom offloads 51pc of GD Towers business
Deutsche Telekom announced the sale of a 51% stake in GD Towers, which holds its Germany and Austria tower assets, for an enterprise value of €17. 5bn (£14. 81bn) on Thursday.
Brussels lifts eurozone inflation forecasts
Brussels has lifted its forecasts for inflation across the European Union, and trimmed its growth outlook, as the fallout from Russia’s invasion of Ukraine continues to weigh heavily.
Celsius files for bankruptcy protection
Troubled US cryptocurrency lender Celsius Network has filed for Chapter 11 bankruptcy protection, it was confirmed on Thursday.
Trustpilot H1 revenues grow despite 'rapidly changing and uncertain' backdrop
Consumer review website operator Trustpilot said on Thursday that interim revenues had grown roughly 25% year-on-year amid a "rapidly changing and uncertain macroeconomic environment".
Europe open: Stocks dip with government bond yields again in focus on both sides of the Pond
Stocks on the Continent were slipping lower in early trading following the small losses seen overnight on Wall Street after the release of consumer price data showing that inflation rose at its fastest clip since late 1981 in June.
McBride maintains profit expectations despite tough conditions
Personal care and consumer products producer McBride maintained its profit expectations in a trading update on Thursday, despite “exceptional” input cost inflation and supply chain disruptions, further exacerbated by Russia’s ongoing invasion of Ukraine.
Hipgnosis posts solid growth, inks two new partnerships
Music rights investor Hipgnosis Songs Fund reported a 9. 9% improvement in operative net asset value in its final results on Thursday, to $1. 8491 per share.
London open: Stocks edge lower ahead of key US earnings
London stocks edged lower in early trade on Thursday amid ongoing concerns about a global slowdown, as investors eyed key earnings across the pond from the likes of JPMorgan and Morgan Stanley.
Hays reports strong end to the year
Hays delivered a record end to the year, the recruiter said on Thursday, after the heightened demand for labour worldwide boosted fees.
Redrow launches £100m share buyback
Housebuilder Redrow has announced the launch of a £100m share buyback.
SSP Group revenues strengthen in Q3
Food and beverage outlets operator SSP Group said on Thursday that revenue has continued to strengthen since the publication of its interim results in May.
Galliford Try sees FY profits at top end of analyst forecasts
Construction group Galliford Try said on Thursday that full-year profit before tax and exceptional items was set to be at the upper end of current analyst forecasts following a continued strong performance across its operations.