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CRH sees FY profits of $5.5bn against tough cost environment
Building products maker CRH said it expected full-year core earnings to rise slightly to $5. 5bn “against a continually challenging cost environment” after posting an increase in interim profits.
Rockfire reports 'excellent' recoveries at Molaoi
Rockfire Resources reported “excellent” recoveries of zinc and lead from preliminary metallurgical tests on its wholly-owned Molaoi zinc deposit in Greece.
Zephyr Energy adds to its Paradox Basin acreage
Rocky Mountain-focussed Zephyr Energy announced an increase in its operated land position on Thursday, through the acquisition of an additional 1,920 acres in Utah’s Paradox Basin.
Malvern International flags 'significant' first-half improvement
Learning and skills development company Malvern International said in a trading update on Thursday that it saw a “significant improvement” in student numbers and its business pipeline in the first half, with revenues around 60% higher year-on-year.
Kibo Energy to investigate replacing coal with specific biofuel
Kibo Energy has initiated a process for requests for proposals to investigate the feasibility of replacing coal with renewable biofuel in its power projects, it announced on Thursday.
Greatland Gold raises $35m in oversubscribed placing
Greatland Gold announced it had raised $35m (£29. 7m) in an oversubscribed placing on Friday, to fund its ongoing development at Havieron.
PetroTal reports several financial records in second quarter
PetroTal reported record second-quarter revenue on Thursday, with oil revenue rising to $118. 4m, compared to $42. 8m a year earlier.
Wizz Air appoints Stephen Johnson to newly-created role of deputy chair
Wizz Air has appointed non-executive director Stephen Johnson to the newly-created role of deputy chair.
US pre-open: Modest gains for futures on news of Chinese stimulus, Jackson Hole ahead
Stock market futures are pointing higher after Beijing announced a one trillion yuan fiscal stimulus plan overnight.
Benchmark revenues rise in third quarter
Aquaculture biotechnology company Benchmark reported a 28% improvement in third-quarter revenues on Thursday, to £36. 3m.
Amigo planning to start lending again by February 2023
Guarantor lender Amigo Holdings reported a slump in first-quarter customer numbers, revenue and profit, having been unable to lend since November 2020 after it was hit by mis-selling claims.
Retail sales unexpectedly pick up in August - CBI
UK retail sales unexpectedly rose in the year to August but retailers remained pessimistic, according to the latest Distributive Trades Survey from the Confederation of British Industry.
Europe midday: Shares ease off morning gains ahead of ECB minutes
European shares eased off morning highs on Thursday as investors awaited policy minutes from the European Central Bank.
Harbour Energy increases share buyback as earnings surge
UK oil and gas producer Harbour Energy lifted its share buyback programme by $100m even as it narrowed its annual production range.
Morses Club confident after swing to statutory loss
Non-standard credit provider Morses Club reported an 11. 2% improvement in full-year revenue on Thursday, to £111. 4m.
UK car, commercial vehicle production on the up in July
UK car manufacturing output rose 8. 6% in July, making for the third consecutive month of growth, while commercial vehicle production was ahead 43. 9% in that sector’s best July since 2016, according to a fresh batch of industry data on Thursday.
Hunting swings to EBITDA-positive first half
Energy services provider Hunting reported first-half revenue of $336. 1m on Thursday, up from $277. 2m in the second half of 2021, and $244. 4m in the same period a year ago.
Ofgem fines Shell for overcharging retail customers
Shell’s consumer business - Shell Energy Retail - has been ordered by regulator Ofgem to pay pack £536,970 after it overcharged customers on its default tariffs.
Asia report: Stocks rise as Bank of Korea lifts rates by 25bp
Stocks in Asia were mostly in the green at the end of trading on Thursday as investors looked ahead to the US Fed’s Jackson Hole symposium later in the global day, with Hong Kong trading interrupted by a typhoon warning.
UK watchdog orders Veolia to offload parts of UK business
Britain’s competition watchdog has ordered the breakup of a merger between waste management firms Veolia and Suez, claiming local councils would face higher charges for recycling and rubbish collection.