Market Report
N Brown backs FY guidance as first-quarter revenue drops
Womenswear retailer N Brown backed its full-year guidance on Thursday as it posted a drop in first-quarter revenue amid "challenging" markets.
London open: Stocks rise after dovish Fed; BoE announcement eyed
London stocks rose in early trade on Thursday as a dovish tone from the Federal Reserve overnight spurred hopes of a rate cut, and as investors looked ahead to the latest policy announcement from the Bank of England.
Thursday newspaper round-up: Tory leadership race, Woodford fund, CYBG, Bathstore, Adidas, Tesco
Sajid Javid insisted last night that he was staying in the race to become Tory leader to win it as his rivals claimed that he was holding out to be Boris Johnson’s chancellor. The home secretary survived the third round of MPs’ voting to make it through to the final ballots today, which will decide which two will face an election by party members. - The Times.
Essentra to sell speciality tapes business for £61m
Essentra has agreed to sell its speciality tapes business to subsidiaries of OpenGate for around £61m.
Dunelm flags pre-tax profits ahead of expectations, Meggitt signs China deal with Lufthansa Technik
London open The FTSE 100 is expected to open 29 points higher on Thursday, having closed down 0. 53% at 7,403. 54 on Wednesday.
London pre-open: Stocks to rise ahead of BoE announcement
London stocks were set to rise at the open on Thursday as investors eyed the latest Bank of England policy announcement.