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Reckitt Benckiser CEO Laxman Narasimhan to step down
Consumer goods giant Reckitt Benckiser said on Thursday that chief executive officer Laxman Narasimhan will step down on September 30.
London midday: Stocks extend losses after manufacturing data
London stocks had fallen further into the red by midday on Thursday following the release of gloomy manufacturing data, as recession fears dented sentiment.
Asia report: Stocks fall as China's factory activity narrows
Markets in Asia finished Thursday on the back foot, after fresh data out of China showed a contraction in manufacturing activity there.
Bitcoin´s price battles with $20,000 after closing a terrible August
Bitcoin leaves behind a terrible August, where the price of the world's largest digital currency again suffered falls of more than 15%, below the $20,000 mark, and closed with a decline of around 13%, just above this psychological level. Data from the consulting firm Acorn Macro shows that it was the worst performing global asset last month and experts do not believe that September will be any better for the crypto currency.
LoopUp FY revenue and profits seen ahead of consensus
Hybrid communications platform operator LoopUp Group now expects to wrap up the first half with a year-on-year drop in profits but better-than-expected revenues, while full-year profitability and revenue were forecast to beat current market consensus estimates.
Euro area unemployment ticks lower in July, possibly emboldening ECB, says Pantheon Macroeconomics
Unemployment in Europe's single currency area slipped in July, possibly emboldening the European Central Bank to focus on inflation, some economists said.
JPMorgan reinstates Pearson at 'overweight', highlights defensive qualities
JPMorgan Cazenove reinstated its ‘overweight’ rating on Pearson on Thursday, highlighting the education publisher’s defensive qualities.
UK manufacturing sector sees worst downturn since first Covid lockdown
The UK manufacturing sector suffered its worst downturn in August since May 2020, according to a survey released on Thursday.
Berenberg reiterates 'buy' rating on Eurocell
Analysts at Berenberg reiterated their 'buy' rating on UPVC products manufacturer Eurocell on Thursday as the group continued to make market share gains.
UK retail footfall unexpectedly strengthens in August
Footfall unexpectedly strengthened across UK retail destinations in August, increasing from -14. 2% in July to -13. 2% last month.
Eurozone manufacturing output contracts further in August
Eurozone manufacturing activity contracted further in August as inflation dented purchasing power, according to a survey released on Thursday.
Jet2 benefits from 'significant' investments made ahead of peak summer period
Airline Jet2 said on Thursday that its leisure travel business was continuing to benefit from "significant" investments made in the lead-up to summer.
Johnson Service swings to H1 profit, announces share buyback
Johnson Service Group announced a share buyback programme on Thursday as it said it swung to a profit in the first half amid a recovery in the hotels, restaurant and café sectors.
China factory activity contracts in August - Caixin
Factory activity in China shrank in August as power cuts and Covid-19 curbs impacted production, according to data released on Thursday.
Europe open: Stocks drop on recession fears; manufacturing data eyed
European stocks fell in early trade on Thursday as recession fears continued to rattle markets, and as investors looked ahead to the latest reading on eurozone manufacturing.
SDCL looks to raise £100m via share placing
Investment company SDCL Energy Efficiency Income Trust will look to raise roughly £100. 0m via the issue of new ordinary shares in order to invest in its "substantial pipeline of opportunities" while also maintaining capital discipline.
UK annual house price growth slows to 10% in August
UK house price growth slowed to 10% in August, according to Nationwide Building Society, down from 11% in July but up 0. 8% month-on-month after taking into account seasonal effects.
London open: FTSE falls amid recession fears
London stocks kicked off the month of September on the back foot on Thursday amid recession fears.
Rio Tinto to buy out Canada's Turquoise Hill in $3.3bn deal
Rio Tinto said on Thursday that it has agreed to buy the remaining shares in Turquoise Hill Resources it does not already own for $3. 3bn.
Serco acquires immigration services provider ORS
Government services provider Serco has agreed to acquire ORS, a specialist provider of immigration services to public sector customers in Switzerland, Germany, Austria, and Italy.