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Eurozone recession fears rise as Q2 GDP revised down to 0.1%
The Eurozone economy barely grew in the second quarter, while job creation eased, in fresh signs that the single-currency bloc will slip into recession later this year.
Europe midday: Shares claw back losses despite EZ GDP revision
European shares pared morning session losses and were flat at midday despite a downward revision of eurozone GDP and weak data from China and Germany, although worries persisted among investors over oil supply.
Pets at Home, CVS tumble as CMA launches review of vet services
Shares of Pets at Home and CVS Group tumbled on Thursday after the Competition and Markets Authority said it was launching a probe into the £2bn veterinary services market for household pets.
Funding Circle swings to half-year loss
Specialist business lender Funding Circle Holdings posted a half-year loss on Thursday, as clients repaid loans and higher interest rates hit home.
London midday: FTSE turns higher amid sterling weakness; Melrose rallies
London stocks had popped into the black by midday, helped along by a weaker pound, as investors continued to fret about the potential for further rate hikes from the Federal Reserve, and after the release of uninspiring Chinese trade and German industrial production figures.
Playtech lifts guidance after strong H1 growth
Gambling software group Playtech said it expects full-year results to be "slightly ahead" of expectations after a strong first half in which underlying profits jumped by a tenth.
US pre-open: Futures fall on weak data, inflation fears
US stock futures fell on Thursday, pointing to third straight day in negative territory, as a mixed economic outlook continued to weigh on investors' appetite for risk.
Hilton Food profits dented by higher interest costs
Hilton Food posted a drop in interim profits on Thursday due to higher interest costs, but lifted its dividend.
Asia report: Stocks join global sell-off as Chinese exports fall again
Asia-Pacific equity markets closed in the red across the board on Thursday, following a sell-off on Wall Street overnight.
Genus full-year revenue rises, profits remain static
Agricultural biotechnology firm Genus reported 10% growth in group revenue in its preliminary results on Thursday, to £689. 7m, or 16% when translated to constant currency rates.
Jet2 on track to beat full-year profit expectations
Shares in Jet2 took off on Thursday, after the tour operator said it was on course to beat full-year profit expectations.
RBC Capital upgrades Convatec to ‘outperform’, hikes price target
RBC Capital Markets upgraded ConvaTec on Thursday to ‘outperform’ from ‘sector perform’ and hiked the price target to 300p from 215p.
LSEG investors sell down stake in £2.75bn deal
A consortium of investors in London Stock Exchange Group have sold a tranche of shares, it was confirmed on Thursday, raising around £2. 75bn.
Revenue rises but profit before tax tumbles at Eurowag
WAG Payment Solutions, trading as Eurowag, reported a significant increase in first-half net revenue on Thursday, which rose 36. 9% year-on-year to €119. 1m.
Little movement in cryptos; macro data eliminates risk appetite
There have been timid rises in the cryptocurrency market. Bitcoin (BTC) has barely moved up or down in the last 24 hours and remains at $25,700, while Ethereum (ETH) has risen around 0. 4% in the last day and consolidates at $1,630.
Synthomer tumbles on rights issue after weak first half
Shares in specialty chemicals firm Synthomer were well into the red on Thursday morning, after the company announced a £276m rights issue alongside a fall in first-half revenue and earnings.
London open: Stocks fall on US rate worries; Direct Line surges
London stocks fell in early trade on Thursday following downbeat US and Asian sessions, as investors fretted over the prospect of more rate hikes from the Federal Reserve.
Energean cuts output guidance despite strong H1
Shares in Energean slumped on Thursday despite the natural gas company reporting an impressive jump in first-half sales and adjusted profits, as it cut its production guidance for 2023.
Europe open: Shares fall on weak Germany, China data; Direct Line surges
European shares were lower at the open as weak data from China and Germany, along with oil supply worries continued to hamper sentiment.
Melrose Industries upgrades 2023 guidance
Melrose Industries lifted its annual outlook on Thursday as it said trading has been ahead of expectations, partly due to higher-than-expected margins at the engines division.