Market Pulse
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.
London midday: Stocks slump after US selloff, amid corporate avalanche
London stocks were still weaker by midday on Thursday as investors waded through a barrage of corporate news, having taken their opening cue from a downbeat session on Wall Street, where tech names came under pressure.
De La Rue loss before tax narrows in difficult market
Authentication and currency solutions specialist De La Rue reported total revenue of £310. 3m in its full-year results on Thursday, marking an 11. 3% decline from £349. 7m in the prior fiscal year, primarily due to a downturn in the currency industry.
CVS Group flags lower full-year sales growth
Listed veterinary service provider CVS Group said in an update on Thursday that it achieved growth of around 10% in full-year revenue for continuing operations, with like-for-like sales increasing 2. 9%, compared to 7. 3% in the 2023 financial year.
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.
Mitchells & Butlers Q3 sales growth remains ahead of market
Pub group Mitchells & Butlers said on Thursday that Q3 growth had remained ahead of the market.
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).
Virgin Wines FY EBITDA, pre-tax profit ahead of market views
AIM-listed Virgin Wines said on Thursday that full-year EBITDA and pre-tax profit were ahead of market expectations despite a challenging backdrop.
Asia report: Markets tumble after Wall Street sell-off
Asia-Pacific markets experienced significant declines on Thursday, mirroring the overnight sell-off on Wall Street.
Great Portland Estates lets retail space on Mount Royal
Property development firm Great Portland Estates has let 20,000 square feet of retail space at the western end of Mount Royal in West London.
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.
CAB Payments confident despite tough market conditions
CAB Payments said in an update on Thursday that despite facing challenging market conditions, it achieved a 4% increase in total volume levels to £17. 6bn in the first half, compared to £16. 9bn in the first six months of 2023.
Howden Joinery H1 profits slightly higher amid 'challenging' conditions
Kitchens and joinery products supplier Howden Joinery Group said on Thursday that interim profits had only slightly risen as it continued to navigate "challenging" UK market conditions.
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.
British American Tobacco H1 group revenues fall, smokeless revenue rises
Tobacco group British American Tobacco said on Thursday that smokeless revenues had grown in H1 but stated overall revenues had fallen as a result of the divestment of its Russian and Belarusian business and FX headwinds.
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.
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.