Market Pulse
MJ Gleeson flags mixed year for homes, land divisions
MJ Gleeson said in a trading update on Thursday that its full-year results were set to align closely with market expectations.
Totally secures £11m worth of contracts
Healthcare service provider Totally announced the securing of multiple contracts valued at around £11m on Thursday, set to be recognised within the current financial year.
DCC divests majority stake in liquid gas business
Sales firm DCC has divested its majority stake in liquid gas business Hong Kong & Macau to Asian industrial group CITADEL Pacific.
Hays sees FY profit at bottom end of views as Q4 fees drop
Recruiter Hays said on Thursday that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
Galliford Try FY profits and revenue to beat analysts’ expectations
Construction group Galliford Try said on Thursday that full-year revenue and profit were set to be above the upper end of current analyst forecasts as "strong momentum" reported at the first half continued into the second.
Trustpilot H1 revenues grow
Review website operator Trustpilot said on Thursday that interim revenues had grown, reflecting momentum across its focus markets and "significantly improved" retention in North America.
London open: FTSE nudges up after stronger-than-expected UK GDP
London stocks nudged higher in early trade on Thursday following better-than-expected UK GDP data, as investors looked ahead to the latest US inflation reading.
Pennon upbeat on Ofwat determinations, announces CFO change
Pennon Group shares were in the green on Thursday morning, as the company responded to the draft determinations from Ofwat for the K8 period, covering 2025 to 2030.
Berenberg initiates coverage on Idox at 'buy'
Analysts at Berenberg initiated coverage on software specialist Idox with a 'buy' rating and 81. 0p target price on Thursday, citing an attractive geo-spatial opportunity.
Moonpig slumps as investors offload 35m shares in placing
Moonpig slumped on Thursday after a group of investors sold 35m shares in the company in a placing via Citi, JPMorgan and Jefferies, raising proceeds of approximately £61m.
Bytes Technology trades well amid 'competitive market environment'
Computer software reseller Bytes Technology Group said on Thursday that it has continued to "trade well" against the backdrop of a "competitive market environment", with good growth across key financial performance metrics for the first four months of the trading year.
LondonMetric disposes of five properties for £26.7m
Real estate investment trust LondonMetric Property has disposed of five properties for a combined total of £26. 7m.
London pre-open: Stocks to rise after better-than-expected UK GDP
London stocks were set to rise at the open on Thursday following a positive close on Wall Street and better-than-expected UK GDP data, as investors looked ahead to the latest US inflation reading.
Thursday newspaper round-up: Elon Musk, The Body Shop, Telegraph
Popular trader recommendation websites must vet the firms they advertise and tackle fake reviews under new rules designed to protect households from cowboy builders and tradespeople. Nationally, unscrupulous traders cost homeowners about £1. 4bn a year, according to trading standards authorities, a problem that is escalating as demand for home improvements, loft conversions and extensions increases. – Guardian.