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Dr Martens profits slump, Bodycote backs full-year guidance
London open The FTSE 100 was called to open down around 40 points.
Bodycote reports underlying growth in Q1
Heat treatment and thermal processing services group Bodycote has left its full-year outlook unchanged after reporting solid underlying growth since the start of 2024 against a mixed market backdrop.
Thursday newspaper round-up: Sony Music, Royal Mail, house prices
A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up to £40m a year to reimburse customers and fight fraud on their platforms. The demand came in a ‘financial services manifesto’ released by UK Finance, which represents banks, payments companies and other financial firms. UK Finance and its 300 membershave long complained about having to shoulder the costs of fraud against their customers, despite a surge in the number of scammers targeting consumers through platforms such as Facebook and Google.
Sector movers: Utilities and Electricity shares fall as bond yields grind higher
Interest rate sensitive Utilities and Electricity shares were knocked lower on Wednesday by a renewed rise in longer-term government bond yields on either side of the Atlantic.