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EU slaps Mondelez with €337.5m fine
Oreo cookie and Cadbury Dairy Milk parent Mondelez has been fined €337. 5m by the European Commission for hindering trade between European Union countries in order to keep prices high.
Turkey central bank holds rates at 50%
Turkey’s central bank kept interest rates unchanged at 50% on Thursday for the second month in a row, as expected.
NatWest share sale plan on hold after election called
NatWest was trading lower on Thursday following reports that plans for a sale of shares in the bank to the general public have been put on hold after Prime Minister Rishi Sunak called a general election for 4 July.
HSBC fined £6.3m over treatment of customers in financial difficulty
HSBC has been fined nearly £6. 3m by the Financial Conduct Authority over its treatment of customers in financial difficulty.
US pre-open: Futures higher following Nvida's Q1 earnings
Wall Street futures were in the green ahead of the bell as investors cheered the latest set of quarterly earnings from chipmaker Nvidia after the close.
London midday: Stocks flat but Hargreaves Lansdown surges on takeover approach
London stocks were little changed by midday on Thursday as investors got their first chance to react to news of a general election on 4 July, with Hargreaves Lansdown powering ahead after rejecting a takeover offer.
Europe midday: Stocks gain as Nvidia boosts mood; EZ data in focus
European stocks were still firmer by midday on Thursday as investors mulled the latest reading on eurozone business activity and blowout earnings from US tech giant Nvidia.
Bloomsbury announces record revenue, chairman succession plans
Bloomsbury Publishing reported exceptional financial results in its preliminary results on Thursday, reaching record high revenue and profit levels, as it also announced its chairman succession plans.
Rolls-Royce makes 'strong start' to FY24
Aerospace and defence business Rolls-Royce said on Thursday that it had made "a strong start to the year", building on its "record" performance in 2023 despite continued industry-wide supply chain challenges.
Hill & Smith flags positive start to year
Infrastructure products specialist Hill & Smith reported a positive start to the year in an update on Thursday, slightly exceeding expectations.
Essentra FY adjusted operating profits seen in line with expectations
Essential components provider Essentra said on Thursday that it was on track to deliver full-year adjusted operating profits in line with internal expectations.
UK manufacturing sector rebounds in May - PMI
The UK’s under-pressure manufacturing sector rebounded in May, a closely-watched survey showed on Thursday.
JPMorgan double upgrades Unilever to ‘overweight’
JPMorgan Cazenove double-upgraded Unilever on Thursday to ‘overweight’ from ‘underweight’ and hiked the price target to 5,100p from 3,600p after several years of caution on the equity story.
Diamond sales lose shine at De Beers
Rough diamond sales at De Beers fell in recent weeks, Anglo American said on Thursday, on the back of subdued demand.
Petershill Partners reiterates FY guidance, Q1 AuM grows
Investment group Petershill Partners reiterated its full-year guidance on Thursday as it revealed assets under management had increased in the three months ended 31 March.
Asia report: Markets mixed as Bank of Korea holds rates
Asia-Pacific markets closed mixed on Thursday following the release of the US Federal Reserve's minutes overnight, which highlighted officials' concerns over persistent inflation and potential hesitations on cutting interest rates.
Energean reports strong first quarter
Energean reported a strong first-quarter in an update on Thursday, with significant growth in both operational and financial metrics.
Shaftesbury Capital reports strong leasing activity since merger
Shaftesbury Capital reported strong leasing activity and a robust financial profile in an update on Thursday.
Revenue, profits rise at newly-expanded Investec
Investec reported a 5% rise in revenue in its final results on Thursday, to £2. 09bn, driven by a strong performance from its corporate client franchises and the Investec Wealth & Investment division in South Africa.
Eurozone economic recovery gathers pace in May
The economic recovery in the eurozone gathered pace in May, according to preliminary figures released on Thursday.