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Cineworld to cut hundreds of jobs in restructuring - report
Cineworld will reportedly unveil a sweeping overhaul this week that will cost hundreds of jobs and reduce its British footprint by at least a quarter.
US pre-open: Futures little changed ahead of data points, Q2 earnings
Dow Jones futures were little changed ahead of the bell on Thursday as market participants looked ahead to the release of some key data points and more corporate earnings.
Apollo nearing £2.7bn acquisition of Evri - report
Private equity firm Apollo Global Management is reportedly on the brink of a deal to buy UK parcel delivery firm Evri in a £2. 7bn deal.
Europe midday: Soft economic data, politics and corporate results weigh on stocks
Investors appeared to react with disappointment to a wave of corporate earnings in Europe, pushing the Stoxx 600 index down to levels not seen in nearly three months.
UMG shares slide as subscription, streaming revenue disappoints
Shares in Universal Music Group (UMG) experienced their steepest slide since going public on Thursday, after the Amsterdam-traded company’s subscription and streaming revenue growth failed to meet investor expectations.
HSBC, Lloyds among banks found in violation of CMA rules
Four major high street banks - HSBC, Lloyds, TSB, and Allied Irish Banks (AIB) - have been found in violation of rules set by the Competition and Markets Authority (CMA), it emerged on Thursday.
London midday: Stocks slump after US selloff, amid corporate avalanche
London stocks were still weaker by midday on Thursday as investors waded through a barrage of corporate news, having taken their opening cue from a downbeat session on Wall Street, where tech names came under pressure.
De La Rue loss before tax narrows in difficult market
Authentication and currency solutions specialist De La Rue reported total revenue of £310. 3m in its full-year results on Thursday, marking an 11. 3% decline from £349. 7m in the prior fiscal year, primarily due to a downturn in the currency industry.
JTC on track after record new business wins in first half
Fund and corporate administration services firm JTC hailed record new business wins in the first half as it made a positive start to its so-called "Cosmos era" business plan.
CVS Group flags lower full-year sales growth
Listed veterinary service provider CVS Group said in an update on Thursday that it achieved growth of around 10% in full-year revenue for continuing operations, with like-for-like sales increasing 2. 9%, compared to 7. 3% in the 2023 financial year.
UK car production falls in June as manufacturers retool
Automobile output in the UK fell in June as carmakers retooled lines to produce electrified models, a business lobby group said.
Kering first-half revenues drop, H2 operating income to fall 30%
Gucci owner Kering tumbled on Thursday after it posted a drop in first-half revenues and warned that operating income would drop in the second half.
Mitchells & Butlers Q3 sales growth remains ahead of market
Pub group Mitchells & Butlers said on Thursday that Q3 growth had remained ahead of the market.
Everyman upbeat about upcoming releases as H1 profits rise
Everyman Media shares bounced back following recent falls on Thursday after the cinema chain pointed to improving conditions in the second half on the back of a strong pipeline of releases.
Revolut gets UK banking licence
London-based fintech Revolut said on Thursday that it has received a UK banking licence from the Prudential Regulation Authority (PRA).
Virgin Wines FY EBITDA, pre-tax profit ahead of market views
AIM-listed Virgin Wines said on Thursday that full-year EBITDA and pre-tax profit were ahead of market expectations despite a challenging backdrop.
Hammerson disposals lower profits but CEO gives upbeat outlook
Retail-focused property investor Hammerson reported a slight fall in adjusted profits in the first half as the company continues to sell off assets and cut debt amid ongoing declines in rental income and valuations.
Asia report: Markets tumble after Wall Street sell-off
Asia-Pacific markets experienced significant declines on Thursday, mirroring the overnight sell-off on Wall Street.
Judges Scientific shares dive after profit warning
Shares in Judges Scientific plunged on Thursday after the AIM-quoted scientific instruments conglomerate warned on profits following "subdued" trading in the first half.
Great Portland Estates lets retail space on Mount Royal
Property development firm Great Portland Estates has let 20,000 square feet of retail space at the western end of Mount Royal in West London.