Market Pulse
Tullow Oil lowers FCF guidance on payment delays
Energy company Tullow Oil lowered full-year free cash flow guidance on Thursday on the back of payment delays.
Amaroq pours first gold at Nalunaq
Amaroq Minerals, an independent mine development company focussed on southern Greenland, announced its first gold pour at the Nalunaq gold mine on Thursday, marking a significant milestone in the mine's development.
London open: FTSE edges up; Direct Line surges after rejecting Aviva bid
London stocks edged up in early trade on Thursday, with Direct Line powering ahead after it rejected another takeover proposal, but trade was set to be quiet as US markets will be closed for the Thanksgiving holiday.
Foresight Group hikes dividend after solid first half
Foresight Group reported a solid set of first-half results on Thursday, underpinned by growth in assets under management and a strong fundraising performance.
UK car production tumbles 15pc in October
UK car manufacturing output declined 15. 3% in October, with just 77,484 vehicles produced, marking the eighth consecutive month of contraction, according to data released on Thursday by the Society of Motor Manufacturers and Traders (SMMT).
AEW UK reports robust first half
AEW UK REIT reported a robust half-year financial and operational performance on Thursday, driven by gains in property valuations and steady rental income from its diversified portfolio of 32 commercial properties across the UK.
Macfarlane set to end year in line with expectations
Protective packaging specialist Macfarlane Group said in an update on Thursday that its performance for 2024 was set to align with full-year expectations, despite market headwinds impacting revenue and pricing.
Galliford Try reaffirms full-year outlook
Construction group Galliford Try reaffirmed its positive outlook and trading momentum on Thursday, ahead of its annual general meeting.
London pre-open: FTSE to rise; quiet trade expected as US markets closed for Thanksgiving
London stocks were set to rise at the open on Thursday, but trade was expected to be quiet, with US markets closed for the Thanksgiving holiday.
Thursday newspaper round-up: Stellantis, The Observer, car production
The owner of Vauxhall told investors that it was “confident” it would meet the UK’s rules on electric vehicle sales just two months before it blamed them for the decision to close a factory in Luton, the Guardian can reveal. Stellantis cited the UK’s zero-emission vehicle (ZEV) mandate when it announced the closure of its van factory in Bedfordshire on Tuesday, putting 1,100 workers at risk of redundancy or relocation to its factory making smaller vans in Ellesmere Port.