Market Pulse
Asia report: Markets mixed as global recovery stalls
Asia-Pacific markets experienced a day of mixed performance on Thursday, reflecting cautious investor sentiment after overnight declines on Wall Street.
TT Electronics makes 'good progress' on Project Dynamo in H1
Electronic components manufacturer TT Electronics said on Thursday that it has made "good progress" in the early stages of Project Dynamo, its programme to unlock value and drive financial and operational improvements across the board.
Deadline for Bellway to make firm Crest Nicholson offer extended
The deadline for Bellway’s potential acquisition of Crest Nicholson has been extended, the two companies announced on Thursday, allowing more time for due diligence and negotiation.
Deutsche Telekom upbeat on strong second-quarter
Deutsche Telekom has reported a strong second quarter on Thursday, continuing its steady growth trajectory.
Persimmon on track for FY completions at top end of guidance
Housebuilder Persimmon reported a decline in first-half pre-tax profit on Thursday but said it was on track to deliver full-year completions at the top end of guidance.
Helios Towers shares slide despite strong first half
Helios Towers announced a strong set of first-half results on Thursday, with upgraded full-year guidance, but its share price was well below the waterline as investors reacted to a fall in quarterly profit.
Mears H1 revenues grow, raises FY guidance
Housing and social care provider Mears raised its full-year guidance on Thursday after it revealed the UK Ministry of Defence had extended certain key contracts.
Derwent London upgrades rental guidance after strong half-year
Derwent London reported a strong first-half rental income performance on Thursday, leading to an upgrade to its rental growth guidance.
Ti Fluid Systems posts H1 profit beat, reaffirms FY margin guidance
Automotive components manufacturer TI Fluid Systems posted interim profits that came in ahead of expectations on Thursday and said it was confident that adjusted underlying earnings margins would continue to expand throughout FY24.
IP Group increases buyback programme by £10m
Intellectual property business IP Group said on Thursday that it would increase its current share buyback programme as a result of cash proceeds from H1 exits coming in ahead of the prior year.
CRH lifts FY core profit guidance
Building materials group CRH said on Thursday that it was lifting its full-year guidance as it posted a jump in second-quarter core profits.
Beazley reports record first-half profit
Beazley announced a record profit before tax of $728. 9m for the first half on Thursday, nearly doubling its $366. 4 million profit from the same period last year.
Hikma Pharmaceuticals outlines 'excellent' H1, upgrades FY guidance
Pharmaceutical company Hikma Pharmaceuticals shares were in the green early on Thursday after the group's H1 results pointed to an "excellent" start to the year and upgraded FY guidance.
London open: FTSE tumbles amid US recession fears
London stocks fell sharply in early trade on Thursday as worries about a US recession dented sentiment and as investors waded through a barrage of corporate releases.
Spirax Group H1 results fall short of expectations
Industrial and commercial steam system products manufacturer Spirax Group fell short of market expectations with its first-half performance but said on Thursday that H2 would be stronger.
Morgan Sindall FY performance to be 'slightly ahead' of expectations
Construction company Morgan Sindall said on Thursday that its full-year performance was set to be "slightly ahead" of its previous expectations after a record first-half performance.
Harbour Energy narrows FY production guidance
Harbour Energy narrowed its full-year production guidance on Thursday as the oil and gas producer pointed to "good" progress on its capital projects and planned maintenance shutdowns.
PageGroup profits slide in 'challenging' markets
Recruiter PageGroup posted a slump in first-half profit on Thursday as revenue fell in "challenging" market conditions.
London pre-open: Stocks seen down amid earnings barrage
London stocks were set to fall at the open on Thursday following strong gains in the previous session, as investors braced for another barrage of corporate news.
Thursday newspaper round-up: Ocado, Boohoo, pensions
The UK’s largest employers have warned the jobs market is cooling amid a slowdown in wage growth in July and a fall in vacancies, extending an almost two-year downturn in hiring demand for permanent staff. Figures from the Recruitment and Employment Confederation (REC) and the accountancy firm KPMG showed a fall in permanent staff placements in July as large employers made more redundancies and hired fewer new starters. – Guardian.