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Vodafone grows Q1 revenues despite slowdown in Europe
Telecoms giant Vodafone has reiterated its full-year guidance after an in-line first-quarter performance, as strong revenue increases in Africa and Turkey made up for slowing growth in Europe and falling sales in Germany.
Lloyds Banking first-half profits decline
Lloyds Banking Group reported a drop in first-half profit on Thursday as costs rose.
London pre-open: Stocks to fall after Wall St losses
London stocks were set to fall at the open on Thursday following losses on Wall Street, where tech names came under pressure.
BT reiterates full-year targets, AstraZeneca hikes guidance
London open The FTSE 100 is expected to open 39 points lower on Thursday, having closed down 0. 17% on Wednesday at 8,153. 69.
BT maintains outlook despite Q1 revenue decline
BT has reiterated full-year targets after a "solid start" to the year, with strong growth in fibre and customer numbers, though revenues were held back by a weaker performance in the business division.
Thursday newspaper round-up: Thames Water, mortgage costs, UK car production
Thames Water has breached its licence to supply water to nearly 16 million people after some of its debt was downgraded to junk status. The regulator Ofwat could now fine Thames, the country’s largest water monopoly, up to 10% of its annual turnover, equating to hundreds of millions of pounds. However, since the company is already teetering close to temporary renationalisation, Ofwat is likely to hold off on any immediate large fines. – Guardian.