Market Pulse
IG Group FY profits fall amid reduced trading activity
IG Group reported a drop in full-year profits and revenue on Thursday, pointing to reduced trading activity.
Rentokil Initial lowers FY profit guidance, shares head south
Pest-control business Rentokil Initial shares headed south early on Thursday after the group pointed to issued lower full-year profit guidance as a result of a heightened level of investment in H2.
London open: Stocks fall after US selloff, amid earnings deluge
London stocks fell in early trade on Thursday, taking their cue from a downbeat session on Wall Street, where tech names came under pressure.
Unilever H1 underlying earnings grow
Consumer goods company Unilever said on Thursday that underlying earnings had grown in the six months ended 30 June as the group remained focussed on driving high-quality sales growth and gross margin expansion.
ITV first-half profit rises even as revenues dip
Broadcaster ITV posted a jump in first-half profits on Thursday even as revenue dipped, boosted by the Euros and Love Island.
AstraZeneca hikes full-year guidance after strong first half
AstraZeneca revised its full-year 2024 guidance upwards on Thursday, anticipating mid-teens percentage growth in both total revenue and core earnings per share at constant exchange rates.
Lloyds Banking first-half profits decline
Lloyds Banking Group reported a drop in first-half profit on Thursday as costs rose.
London pre-open: Stocks to fall after Wall St losses
London stocks were set to fall at the open on Thursday following losses on Wall Street, where tech names came under pressure.
Thursday newspaper round-up: Thames Water, mortgage costs, UK car production
Thames Water has breached its licence to supply water to nearly 16 million people after some of its debt was downgraded to junk status. The regulator Ofwat could now fine Thames, the country’s largest water monopoly, up to 10% of its annual turnover, equating to hundreds of millions of pounds. However, since the company is already teetering close to temporary renationalisation, Ofwat is likely to hold off on any immediate large fines. – Guardian.