Market Pulse
Asia report: Markets rise as US consumer inflation slows
Asia-Pacific markets generally rose on Thursday, driven by stronger-than-expected GDP growth in Japan, though China's economic indicators presented a mixed picture.
Empiric Student Property confident after solid first half
Empiric Student Property reported a strong financial and operational first-half performance on Thursday, with a strategic shift towards growth as the company capitalised on favourable market conditions.
Mpac acquires SIGA Vision for undisclosed sum
Packaging and automation solutions business Mpac Group said on Thursday that it had acquired UK-based machine vision solutions firm SIGA Vision for an undisclosed sum.
Accesso downgrades FY revenue guidance
Technology firm Accesso downgraded full-year revenue guidance on Thursday following delays to new park openings and lower-than-expected consumer trading volumes throughout the peak summer period.
OSB Group shares slide on lower margin forecast
Shares in specialist lender OSB Group were sliding on Thursday morning despite a robust set of first-half results, as it cut its net interest guidance for the full financial year.
ITM Power FY revenues more than triple, guidance disappoints
Energy storage and clean fuel company ITM Power said on Thursday that revenues had more than tripled in the 12 months ended 30 April.
Judges Scientific acquires Teer Coatings in £12m deal
Specialist scientific instrument investor Judges Scientific announced the acquisition of Magsputter, the holding company of Teer Coatings, on Thursday.
C&C Group on track despite mixed summer weather
C&C Group said in a trading update on Thursday that despite challenging weather conditions in June, its earnings for the year to date were in line with expectations, with a strong outlook for the rest of the financial year.
Rank Group swings back into the black
Rank Group said on Thursday that it swung back into the black in the year to the end of June as the Mecca Bingo and Grosvenor owner hailed a year of strong financial progress.
Diversified Energy delivers 'strong' H1 results
Gas and oil production company Diversified Energy delivered strong H1 results on Thursday.
Profits slide at William Hill owner Evoke
William Hill and 888 owner Evoke reported a slump in first-half profits on Thursday as it highlighted a "disappointing" performance but sounded an upbeat note on the outlook.
London open: FTSE nudges up as investors mull UK GDP
London stocks nudged higher in early trade on Thursday as data showed the UK economy grew as expected in the second quarter.
Woodside updates cost expectations ahead of first-half results
Woodside flagged anticipated first-half production costs of $710m to $780m in an update on Thursday, with royalties, excise and levies expected to amount to $180m to $210m.
UK economy grows 0.6% in second quarter
The UK economy grew 0. 6% in the second quarter, down slightly on 0. 7% growth in the first quarter but in line with expectations, according to data released on Thursday by the Office for National Statistics.
London pre-open: Stocks seen up as investors mull GDP data
London stocks were set to rise at the open on Thursday following a positive close on Wall Street, as investors mulled the latest UK GDP figures.
Thursday newspaper round-up: Wiz, Port Talbot, John Lewis
Cybersecurity firm Wiz, which last month rejected a $23bn (£18bn) takeover bid from Google’s parent company, Alphabet, is to open a European headquarters in London – a move that is a major shot in the arm for the UK’s aspiration to be a global tech hub. The new office, the company’s first in Europe, will be run by co-founder and research and development head, Roy Reznik, who is relocating from Israel to the UK capital to underscore the company’s business ambitions in the region.