Headline News
Tate & Lyle pleased by volume momentum
Tate&Lyle reported an increase in operating profits at the start of its 2025 fiscal year.
US durable goods orders plummet in June as those for aircraft dive
Orders for goods made to last more than three years cratered last month, due to a steep downdraft in those for commercial aircraft.
US Q2 GDP grows more quickly than expected
America's economy grew more quickly than expected last quarter as companies ramped up investment and amid inventory accumulation.
FCA fines Coinbase £3.5m for money laundering failures
The Financial Conduct Authority said on Thursday that it has fined Coinbase just over £3. 5m for allowing high-risk customers to use its services.
American Airlines posts record quarterly revenue but slashes earnings outlook
American Airlines reported its highest-ever quarterly revenue for its second quarter on Thursday, at $14. 3bn, although that still fell short of its own expectations, as the airline also lowered its full-year earnings guidance.
Nestle cuts full-year sales outlook
Food giant Nestle slumped on Thursday after it cut its sales outlook for the year as pricing has come down "faster than expected".
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.
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.
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.
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.
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).
CMC Markets backs FY guidance after in line Q1
CMC Markets backed its full-year guidance on Thursday as it said trading in the first quarter was in line with management’s expectations.
Centrica profits drop in 'normalising' market conditions
British Gas owner Centrica said on Thursday that it was extending its share buyback programme as it posted a drop in first-half profits in what it called a more "normalised" external environment.
HICL Infrastructure on track to meet dividend target
HICL Infrastructure reported a solid operational performance alongside strategic financial manoeuvres in an interim update on Thursday.
Alliance Trust posts solid first-half performance
Alliance Trust announced a solid investment performance for the first half of 2024 on Thursday, with increases in both its share price and net asset value (NAV).
German business sentiment deteriorates in July - Ifo
German business sentiment unexpectedly deteriorated in July, according to a survey released on Thursday by the Ifo Institute.
Relx reports robust first-half growth
Business information specialist Relx reported a robust set of first-half results on Thursday, underscoring strong underlying growth and reaffirming its positive full-year outlook.
Centamin free cash flow doubles in 1H, triples in Q2
Egypt-focused Centamin saw its free cash flow double during the first half of the year as prices for the yellow metal continued moving higher.
Anglo American revenue, earnings slip as it focuses on costs
Anglo American reported $5bn in underlying EBITDA for the first half of 2024 on Thursday, down 3% year-on-year, after a strong operational performance that it said largely counterbalanced a 10% decrease in the average product basket price.