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Berenberg slashes target price on JD Wetherspoon
Analysts at Berenberg slashed their target price on pub chain JD Wetherspoon from 1,050. 0p to 580. 0p on Thursday, stating it was now "hard to predict management decisions".
IAG places order for 37 Airbus jets with an option for another 50
IAG announced a big order for Airbus single aisle A320neo and A321neo jets.
JetBlue to buy Spirit Airlines in $3.8bn deal
JetBlue Airways said on Thursday that it has agreed to buy Spirit Airlines in a $3. 8bn deal.
BofA bumps up target price for Lloyds Banking Group citing gearing to higher rates
Analysts at Bank of America bumped up their target price for shares of Lloyds Banking Group, highlighting the lender's gearing to higher interest rates and earnings resilience to economic shocks.
Barclays profits fall after US trading horror show
Barclays reported a fall in pre-tax profits due to a £1. 9bn charge to cover the cost of buying back securities it sold in error and a £300m impairment provision for bad debts amid the cost of living crisis.
Europe midday: Shares still higher on less hawkish Fed stance
European markets were still higher by midday on Thursday amid an absolute deluge of corporate earnings as investors were cheered by slightly less hawkish messaging from the US Federal Reserve, which lifted rates on Wednesday.
US pre-open: Futures in the red following Fed interest rate decision
Wall Street futures were in the red ahead of the bell on Thursday after the Federal Reserve Bank decided to hike interest rates by 0. 75 points overnight.
London midday: Stocks little changed amid earnings deluge
London stocks were just below the flat line by midday on Thursday as investors mulled a less hawkish stance from the US Federal Reserve and picked their way through more corporate news than you can shake a stick at.
Eurozone economic sentiment tumbles in July
Economic sentiment in the eurozone tumbled in July as the Ukraine conflict and surging inflation took their toll.
Asia report: Most markets rise after Fed rate hike
Most stock markets in the Asia-Pacific region closed higher on Thursday, after the US Federal Reserve hiked interest rates by 75 basis points overnight.
Foxtons interim results underpinned by lettings business
Estate agency Foxtons said on Thursday that interim profits and revenue rose thanks in part to strength in the lettings division.
Virgin Wines UK revenues fall as Covid-19 restrictions ease
Online wine retailer Virgin Wines UK said revenues and underlying earnings had contracted year-on-year after the lifting of Covid-19 restrictions across Britain.
Robert Walters reports 'record' first half performance
Recruitment group Robert Walters reported a “record” first half performance on Thursday, with group net fee income up 27% to £210. 5m, and its operating profit rising 15% year-on-year to £27. 7m.
Metro Bank losses narrow as it announces new finance chief
Metro Bank reported growth of 31% in its total underlying revenue in its first half on Thursday, to £236. 2m, which it put down to margin expansion and continued momentum in revenue growth, as lending was “optimised” for return on regulatory capital.
Babcock returns to profit in H1
Aerospace, defence, and nuclear engineering services firm Babcock said it had returned to a first-half operating profit despite "geopolitical volatility" and a "challenging" economic environment.
Rathbones Group funds decline, net income rises
Rathbones Group reported total funds under management and administration of £58. 9bn at the end of its first half on Thursday, down from £59. 2bn year-on-year and £68. 2bn at the end of 2021.
Segro raises interim dividend after solid first-half growth
Segro reported an adjusted pre-tax profit of £216m in its first half on Thursday, up 29% year-on-year, while adjusted earnings per share advanced 22% to 16. 9p, including 1. 3p relating to performance fees from the SELP joint venture.
Greencoat UK Wind investments generate 2,175-gigawatt hours in H1
Renewable infrastructure fund Greencoat UK Wind said on Thursday that its investments had generated 2,175-gigawatt hours of renewable energy in the six months ended 30 June, generating £328. 8m in net cash for the group.
Maturing funds support first-half income for St. James's Place
St. James's Place reported gross inflows of £9. 1bn in its first half on Thursday, down marginally from £9. 2bn year-on-year, as retention of client funds remained “strong” at 96. 5%.
Cost headwinds hit revenue, trading profit at Smith & Nephew
Smith & Nephew reported second quarter revenue of $1. 29bn on Thursday, up 1. 2% on an underlying basis but down 3. 1% on a reported basis including a 430 basis point foreign exchange headwind.