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Palace Capital announces £22m tender offer
Palace Capital announced a proposed return of capital to shareholders on Thursday, by way of a tender offer.
Berenberg lowers target price on Victrex
Analysts at Berenberg lowered their target price on high performance polymers business Victrex from 1,680. 0p to 1,491. 0p on Thursday, stating the group was "not out of the woods yet".
Tracsis Q4 revenues impacted by UK general election
Software group Tracsis said on Thursday that timing of the UK general election had brought about a short-term dip in Q4 trading due to delayed projects and decreased new orders.
Motorpoint FY revenues drop
Car retailer Motorpoint said on Thursday that revenues had dropped in the year ended 31 March as it faced a number of economic challenges throughout the period.
Fuller Smith & Turner lifts dividend, unveils new buyback
Pub and hotel operator Fuller, Smith & Turner hiked its annual dividend by a fifth and announced a new share buyback after a strong performance in the year to 30 March, in which adjusted profits surged 61%.
Capita to focus on core segments
Process services company Capita said on Thursday that it will look to focus on its core segments as the firm hopes to improve both its financial performance and cash generation.
Europe open: Shares lower on Fed rate cut forecast; Atos, Wise plunge
European stocks opened lower on Thursday as investors digested the US Federal Reserve’s monetary policy decision and inflation numbers from across the Atlantic, while shares in Atos plunged again as the troubled French IT firm sold off one of its businesses.
London open: Stocks edge lower as Fed signals just one rate cut this year
London stocks edged lower in early trade on Thursday as investors mulled the latest policy announcement from the US Federal Reserve, which signalled there would be just one rate cut this year.
Peel Hunt revenues rise, but losses widen
Investment banking and broking firm Peel Hunt reported resilience despite ongoing challenges in capital markets in its full-year results on Thursday, with a 4% increase in revenue to £85. 8m.
Sir David McMurtry to step down as Renishaw chair
Renishaw announced significant changes to its board on Thursday, with Sir David McMurtry, who co-founded the company over 50 years ago, set to step down as executive chairman.
Virgin Money profits jump, St James's Place appoints new CFO
London open The FTSE 100 is expected to open 25 points lower on Thursday, having closed up 0. 83%, on Wednesday at 8,215. 48.
Halma hails another year of record profit
Halma reported another year of record profit and revenue on Thursday as it hailed a solid performance in the safety and the environment & analysis sectors.
London pre-open: FTSE seen lower as Fed signals one rate cut this year
London stocks were set to fall at the open on Thursday as investors mulled the latest policy announcement from the US Federal Reserve.
St James's Place pinches Credit Suisse vet to succeed CFO Craig Gentle
Financial advisory firm St. James's Place has appointed the chief financial officer of Credit Suisse's UK operations as its new CFO, replacing Craig Gentle who will be retiring from the business after six years leading the finance function.
Thursday newspaper round-up: Revolut, BT Group, housing market
Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives’ 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says.