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Moderna lowers guidance after fall in quarterly revenue
Moderna reported a significant fall in second quarter revenue on Thursday, to $241m, down from $344m in the same period last year, as it lowered its full-year guidance amid weak Europe sales and a competitive US market.
Bank of England cuts rates for first time in four years
The Bank of England cut interest rates on Thursday for the first time in four years.
Europe midday: Stocks down but off lows; BoE in focus
European stocks were off earlier lows but still in the red by midday on Thursday, weighed down by weak performances from auto makers and Societe Generale, as investors mulled the latest policy announcement from the Bank of England.
London midday: Stocks touch higher as BoE cuts rates
London stocks were still just a touch firmer by midday on Thursday as investors mulled the first rate cut from the Bank of England in four years and waded through a deluge of corporate news.
Serco H1 revenue and profits decline, maintains FY guidance
Shares in public services provider Serco were in the red on Thursday after the group revealed that both revenue and profits had fall in the six months ended 30 June.
Coats Group lifts guidance after strong first half
Industrial thread specialist Coats Group announced a robust set of interim results on Thursday, with a 7% increase in revenue to $741m, and revenue growth accelerating to 8% on a constant exchange rate (CER) basis, leading to an upgrade to its full-year guidance.
Qinetiq secures €284m contract with German Armed Forces Procurement Office
Defence and security firm Qinetiq has secured an aerial training services contract with the German Armed Forces Procurement Office for the Bundeswehr, Air Force, Army, Navy and Special Forces.
Pets at Home maintains FY guidance, hails 'resilient' start to year
Pets at Home maintained its full-year guidance on Thursday as it hailed a "resilient" start to the year.
Capital & Regional raises dividend after strong first half
Shopping centre real estate investment trust Capital & Regional reported a strong set of first-half financial results on Thursday, marked by a 17. 1% increase in net rental income (NRI) to £13. 7m.
Asia report: Stocks mixed after Fed decision, China factory data
Asia-Pacific markets experienced a mixed performance on Thursday as investors digested comments from US Federal Reserve chair Jerome Powell overnight, who hinted at a potential rate cut in September, contingent on favourable inflation data.
Wizz Air lowers FY guidance, Q1 profits disappoint
Low-cost carrier Wizz Air slashed full-year guidance on Thursday as it revealed Q1 profits had nearly halved.
Robert Walters swings to first-half loss amid ‘challenging’ markets
Recruiter Robert Walters said on Thursday that it swung to a loss in the first half amid challenging conditions.
LSEG reports consistent business-wide first-half growth
London Stock Exchange Group (LSEG) reported consistent growth across its divisions in its interim results on Thursday, alongside improved profitability and significant shareholder returns.
UK factory growth hits two-year high in July
Production in the UK manufacturing sector grew in July at its fastest pace since February 2022, according to a survey released on Thursday.
Haleon H1 profits grow despite revenue contraction
Consumer healthcare business Haleon said on Thursday that profits had grown in the six months ended 30 June, driven by solid H1 sales of its vitamins and oral health products.
Rolls-Royce lifts FY profit guidance after strong first half
Rolls-Royce lifted its full-year profit guidance on Thursday as it hailed a strong first half and said it was reinstating dividends.
Melrose beats first-half forecasts but warns of supply challenges
Aerospace group Melrose Industries reported a strong set of first-half results on Thursday, ahead of its expectations, with adjusted operating profit up 62% to £247m, although it adjusted its 2025 revenue targets amid “industry-wide” supply chain challenges.
Elementis lifts FY outlook after 'strong' first half
Elementis lifted its full-year outlook on Thursday as it hailed a "strong" first-half delivery and announced a strategic review of its talc business.
Schroders shares slide despite record high assets under management
Shares in Schroders were sliding on Thursday morning even after it announced a record high assets under management (AUM) of £773. 7bn in its half-year results, up from £726. 1bn a year earlier.
Eurozone manufacturing sector remains in contraction
The eurozone manufacturing sector remained in contraction territory in July, according to a survey released on Thursday.