Latest News
YouGov warns profits will be lower than expected, shares tumble
YouGov tumbled on Thursday as it cautioned that full-year profits and revenue will be lower than expected due to slow demand in its data products division.
Franchise Brands shares drop on 2024 outlook, CFO exit
Shares in Franchise Brands dropped sharply on Thursday despite the B2B van-based services group meeting expectations with its full-year results, as the company gave a cautious outlook for 2024 and announced the departure of its chief financial officer.
Time Out to beat profit forecasts after strong Q4
Shares in Time Out Group gained on Thursday morning after the media and hospitality company said full-year profits are expected to beat forecasts on the back of a strong fourth quarter.
Europe open: Shares rally as eyes turn to rate decisions
European shares rallied at the open on Thursday as investors eyed rate decisions from the UK, Switzerland and Norway.
London open: Stocks nudge up ahead of BoE announcement
London stocks were just a touch firmer in early trade on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on interest rates at 5. 25%.
German wholesale price deflation eases
Producer-price deflation in Germany softened in May to its lowest level in 11 months, according to data out on Thursday from the Federal Statistical Office, Destatis.
Sainsbury's sells core banking unit to NatWest
Sainsbury's has announced it is selling its core banking business, comprising £2. 5bn of outstanding credit card, unsecured personal loan and saving accounts, to NatWest and plans to return a tenth of that amount to shareholders.
China holds hey rates steady
China left key lending rates unchanged at its monthly fixing, in line with expectations.
Phoenix Group completes first phase of deleveraging programme
Phoenix Group announced on Thursday that it has successfully completed the initial phase of its deleveraging programme, including a significant debt redemption and refinancing exercise.
Tate & Lyle acquires specialty ingredients firm CP Kelco for $1.8bn
Food and beverage products group Tate & Lyle is to buy Atlanta-based pectin, gums and specialty ingredients firm CP Kelco from JM Huber Corporation for $1. 8bn, giving the latter a 16% stake in the business.
Alpha FMC to be taken over by Bridgepoint in £626m deal
Alpha Financial Markets Consultancy said on Thursday that it has agreed to be bought by private equity firm Bridgepoint for 505p per share in cash.
DS Smith profits fall on weak demand, inflation
Paper and packaging company DS Smith reported a fall in annual profits driven by weak volumes and high inflation, but said it expected higher prices and demand would boost a recovery in the second half of the current year and into 2026.
London pre-open: Stocks to edge up ahead of BoE announcement
London stocks were set to rise at the open on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on rates at 5. 25%.
Energean agrees $945m portfolio sale, NatWest to acquire core Sainsbury's Bank business
London open The FTSE 100 is expected to open 17 points higher on Thursday, having closed up 0. 17% on Wednesday at 8,205. 11.
Thursday newspaper round-up: Amazon, Chinese carmakers, Asos
Labour’s plans for ending Britain’s long-term economic stagnation have been backed by a group of leading economists, including three Nobel prize winners and a former Bank of England deputy governor. In a boost to the shadow chancellor, Rachel Reeves, the 16 UK and internationally based economists said change was “desperately needed” after the policy mistakes and failures of the past 14 years since the Conservatives took power. – Guardian.