Headline News
UK retail footfall drops further in July
Retail footfall fell across the UK in July, according to fresh data released on Friday, with overall numbers dropping by 3. 3% compared to the same period last year.
IAG abandons pursuit of Air Europa
British Airways and Iberia owner IAG said on Thursday that it had terminated its agreement to buy Air Europa as it would not be in the best interests of shareholders "in the current regulatory environment".
ISM factory PMI slips again in July
A downturn in US factory sector activity accelerated a bit last month, the results of a closely followed survey showed.
Weekly US jobless claims rise by more than expected
Tightness in the US jobs market eased a bit further during the preceding week.
US Q2 non-farm productivity caps increase in unit labour costs
US labour productivity outpaced economists' forecasts during the second quarter, reducing unit costs.
Mondi confident despite fall in first-half earnings
Mondi reported a solid first-half performance on Thursday, despite facing market challenges, as underlying EBITDA fell to €565m from €680m year-on-year, resulting in an EBITDA margin of 15. 1%.
SocGen cuts outlook for French retail bank, shares tumble
Societe Generale tumbled on Thursday after cutting the outlook for its French retail bank.
BMW profit margin narrows on China weakness
BMW reported a decline in its automotive segment's profit margin for the second quarter on Thursday, driven by increased competition and weakening demand in China, a crucial market for the German carmaker.
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.
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.
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.
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.
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.