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Currys pins hopes on AI-tech as FY earnings jump 10%
UK electricals retailer Currys said trading in the current fiscal year was in line with expectations after 2023/24 adjusted earnings rose 10% and was pinning its hopes on the increasing use of artificial intelligence in electronic goods.
Petra targets lower operating costs, appoints new CFO
Petra Diamonds updated the market on its strategic developments on Thursday, as well as the appointment of a new chief financial officer in Johan Snyman, effective 1 October.
Sanderson Design tumbles on profit warning
Sanderson Design tumbled on Thursday as it warned on profits, citing deteriorating trading conditions in the UK.
Eurozone sentiment unexpectedly softens
Economic sentiment across the Eurozone unexpectedly softened in June, a closely-watched survey showed on Thursday.
Riksbank stands pat on rates, signals up to three more cuts this year
Sweden’s central bank held its key interest rate at 3. 75% on Thursday, as widely expected, and said that monetary policy should be adjusted "gradually".
Watches of Switzerland shares surge on 'cautious' optimism
Watches of Switzerland shares surged on Thursday as the luxury timepiece seller held current-year guidance and said it was “cautiously optimistic” after annual profits fell amid a wind-back of discretionary spending.
BP implements hiring freeze, refocuses on oil and gas
BP has implemented a hiring freeze and halted new offshore wind projects, it was reported on Thursday, as part of a strategic shift under new chief executive officer Murray Auchincloss.
Europe open: Shares rise ahead of US data; H&M plunges on weak sales
European shares opened slightly higher on Thursday as investors awaited a key US inflation report while shares in Swedish fashion chain H&M slumped on weaker-than-expected earnings.
US pre-open: Stocks set to slip ahead of economic data barrage
Wall Street was expected to open with small losses on Thursday with investors showing caution ahead of a busy 48 hours for economic data.
London midday: Stocks dip as investors eye key US, UK data releases
London stocks were a little weaker by midday on Thursday as investors eyed the release of US growth figures later in the day, and a key US inflation reading and UK GDP at the end of the week.
Foresight Group reports rise in full-year revenue, earnings
Foresight Group reported robust financial results for the year ended 31 March on Thursday, with significant growth in revenue and earnings.
H&M warns on sales, shares slide
Shares in Hennes & Mauritz tumbled on Thursday, despite a 50% surge in second-quarter profits, after poor weather hit sales in June.
Next 15 full-year performance likely to be second-half weighted
Shares in tech and data-focussed consultancy Next 15 Group were sliding on Thursday morning, after the company cautioned in a trading update that its revenue performance for the year was likely to be second-half weighted.
GSK shares drop as US narrows recommendations for RSV vaccines
Shares in biopharma giant GSK tumbled on Thursday after a ruling by a US health agency narrowed usage recommendations for all respiratory syncytial virus (RSV) vaccines, restricting the addressable market for the company's Arexvy product.
Mears Group lifts first-half profit projections
Mears Group announced a robust trading performance in its first half on Thursday, with profit before tax expected to exceed both the previous year’s figures and the board’s initial projections.
Serica maintains full-year production guidance
Serica Energy maintained its production guidance in an update on Thursday, targeting between 41,000 and 46,000 barrels of oil equivalent per day for 2024.
UK sales soften at Quiz, shares fall
Shares in Quiz came under pressure on Thursday, as cost of living pressures continued to weigh heavily on sales.
Asia report: Markets slide as yen weakens further against the dollar
Asia-Pacific markets saw a notable decline on Thursday, influenced by the Japanese yen weakening to a near 38-year low against the dollar.
Halfords full-year profits slump
Halfords posted a slump in full-year profits on Thursday as it pointed to weak consumer confidence.
DS Smith rallies as Suzano abandons pursuit of International Paper
DS Smith was the top gainer on the FTSE 100 on Thursday after Brazilian pulp maker Suzano said it had ended talks to buy International Paper.