Market Pulse
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.
US close: Stocks sharply lower as recession fears resurface
Wall Street stocks closed sharply lower on Thursday as recessionary fears resurfaced.
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".
FTSE 250 movers: Coats Group surges; Pets at Home falls
London’s FTSE 250 closed down 0. 7% at 21,459. 23 on Thursday.
London close: Stocks slide as Bank of England trims rates
London's stock markets ended the day in negative territory on Thursday, as investors digested the Bank of England's decision to cut interest rates for the first time in four years.
Director dealings: Everyman Media director raises stake
Everyman Media revealed on Thursday that non-executive director Michael Rosehill had acquired 750,000 ordinary shares in the AIM-listed cinema group.
US open: Stocks mixed as Powell opens the door for potential September rate cut
Major indices were mixed early on Thursday as comments from Federal Reserve chairman Jerome Powell and earnings from social media giant Facebook's parent company were firmly in focus.
Anheuser-Busch InBev posts H1 earnings beat, revenue miss
Beer giant Anheuser-Busch InBev said on Thursday that interim underlying earnings had come in ahead of analysts' expectations despite reporting revenues that fell short of estimates.
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%.
FTSE 100 movers: Rolls-Royce rallies on results; airlines fly lower
London’s FTSE 100 was flat at 8,371. 01 in afternoon trade on Thursday after the Bank of England cut rates for the first time in four years and amid an avalanche of corporate news.
SocGen cuts outlook for French retail bank, shares tumble
Societe Generale tumbled on Thursday after cutting the outlook for its French retail bank.
US pre-open: Stock futures higher as Powell opens the door for rate cuts
Wall Street futures were in the green ahead of the bell on Thursday as comments from Federal Reserve chairman Jerome Powell and earnings from social media giant Facebook's parent company were firmly in focus.
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.
Volkswagen shares slip as it extends cost-cutting programme
Volkswagen shares declined on Thursday, after the German carmaker announced it would extend its cost-cutting measures beyond the second half of 2024.
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.
Europe midday: Stocks down but off lows; BoE in focus
European stocks were off earlier lows but still in the red by midday on Thursday, weighed down by weak performances from auto makers and Societe Generale, as investors mulled the latest policy announcement from the Bank of England.
London midday: Stocks touch higher as BoE cuts rates
London stocks were still just a touch firmer by midday on Thursday as investors mulled the first rate cut from the Bank of England in four years and waded through a deluge of corporate news.
Serco H1 revenue and profits decline, maintains FY guidance
Shares in public services provider Serco were in the red on Thursday after the group revealed that both revenue and profits had fall in the six months ended 30 June.
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.