Market Pulse
Science In Sport revenues improve, but loss widens
Sports nutrition company Science in Sport announced its unaudited results for the six months to 30 June on Thursday, with revenues increasing 24% to £6. 48m, which the board said demonstrated continued growth, with e-commerce and third-party online retailers being “particularly strong”.
US open: Stocks gain as traders weigh Fed policy decision
US stocks were in the green on Thursday as traders continued to digest the Federal Reserve’s decision to leave interest rates unchanged.
Skil Ports needs further funds for Mumbai facility
India’s Skil Ports & Logistics swung to a small profit in the first half of the year but the company confirmed it needs an additional £36m to complete construction at its Mumbai facility.
Newmark Security warns full year will slide into loss
Having only recently issued a profit warning, Newmark Security revealed on Thursday it now expects to report a loss for the full year.
Acquisition boosts full-year results for FW Thorpe
Designer, manufacturers and suppliers of professional lighting systems, F W Thorpe, announced its preliminary results for the year to 30 June on Thursday, with revenue up 20. 9% to £88. 9m, or up 4. 4% excluding the acquisition of Lightronics.
BoE's Forbes unconvinced of need for further stimulus
Britain's economy did not need further stimulus at present, a top official from the Bank of England said.
Fishing Republic reels in profit guidance for full year
Fishing Republic's landed a healthy set of interim results to June but endured a quieter July and August and said its profit for the full year would be lower as it invested in expanding its store network.
Countrywide shares drop on Zoopla stake sale
Shares in Countrywide fell on Thursday after the FTSE 250 estate agency group said it has sold its remaining stake in property website Zoopla.
AutoZone sees profits grow after adding stores
Vehicle parts retailer AutoZone reported better-than-expected earnings for its fourth quarter on Thursday, on the back of new store openings across the United States.
FTSE 100 movers: Miners gain on dollar weakness; Pearson drops on downgrade
London’s FTSE 100 index was up 1. 4% to 6,928. 33 in afternoon trade as investors digested the Federal Reserve’s decision to keep rates on hold and signals a hike was likely by the end of the year.
Revolymer undergoes simultaneous acquisition and divestment in first half
Revolymer rejigged its portfolio of businesses to increase its focus on the chemicals space and getting its products to market more quickly despite its finite cash resources.
Cambridge Cognition's sales up after investments in marketing
Cambridge Cognition’ half-year revenues grew and losses were more than halved as the neuroscience software and hardware company's invested in marketing and development.
Li Ka-Shing set to launch bid for National Grid gas arm
Li Ka-Shing is set to join the fray for a majority stake in National Grid's gas distribution unit which has attracted multiple potential investors from around the globe.
Serco the preferred bidder for Barts Health Trust's procurement service
FTSE 250 public service provider Serco is the preferred bidder for an east London hospital’s procurement services, which has an estimated value of up to £600m over 10 years.
Yahoo set to confirm data hack of 200 million users - reports
US technology firm Yahoo is preparing official confirmation of a hack of 200 million of its users, according to Recode.
WYG expecting good things in first half
Global programme, project management and technical consultancy company WYG updated the market on trading for the six months to 30 September on Thursday, as investors gathered for the annual general meeting.
UK faces 'challenging period of uncertainty and adjustment' due to Brexit, says BoE
The Bank of England (BoE) cautioned that the British economy faces “a challenging period of uncertainty and adjustment” in the wake of the Brexit result, which also does not mean there would be looser regulation of the banking sector.
Maersk set to split into two separate divisions
Danish conglomerate A. P. Moeller-Maersk A/S announced on Thursday that it was to split in two separate divisions, as it struggles to deal with a downturn in the shipping industry and falling oil prices.
Mylan CEO defends Epipen prices at congressional hearing
Heather Bresch, chief executive officer of US pharmaceutical firm Mylan, has appeared before a congressional committee in defence of the company's pricing of its Epipen allergy reaction jab.