News And Announcements
Rightmove agrees new contract with OpenRent
Rightmove said on Thursday that it had entered into a new membership agreement with online lettings agent OpenRent.
Burford Capital reports 'strong' Q2
Burford Capital posted a sharp rise in second quarter revenues with the firm's management describing its performance as "strong".
Warner Bros Discovery stock hits record low on Q2 miss, $9bn write-down
Shares in Warner Bros. Discovery tanked in New York on Thursday after the entertainment company missed estimates with its second-quarter results and booked a $9. 1bn impairment charge from its Networks division.
Ryanair lifts share buyback by a further €800m
Budget airline Ryanair has extended its share buyback plan by €800m due to a stronger-than-expected cash position.
Barclays becomes latest to lift cap on banker bonuses
Barclays has become the latest bank in the UK to lift the cap on senior banker bonuses, following in the footsteps of JPMorgan and Goldman Sachs.
UK's CMA starts probe into Amazon Anthropic deal
Britain’s competition regulator said it had started a formal inquiry into Amazon’s investment in artificial intelligence start-up Anthropic.
Eli Lilly hikes guidance as obesity drug sales soar
Eli Lilly significantly raised its full-year revenue forecast by $3bn on Thursday, after reporting a strong second quarter driven by the robust performance of its blockbuster weight loss and diabetes drugs Zepbound and Mounjaro.
Howard Hughes Holdings confirms potential offer from Pershing Square
Real estate firm Howard Hughes Holdings said on Thursday that it had received a potential takeover offer from billionaire Bill Ackman’s Pershing Square Capital Management.
Siemens Q3 profits jump as electrification demand rises
German industrial technology conglomerate Siemens held on to full-year guidance on Thursday after posting a big jump in third-quarter profits.
Seeing Machines flags strong fourth quarter
Driver monitoring technology company Seeing Machines announced significant growth in its key performance indicators for the fourth quarter on Thursday.
PetroTal reports solid quarterly progress
Peru-focussed oil producer PetroTal reported strong second-quarter financial and operational results on Thursday, reflecting robust production, significant cash flow generation, and ongoing strategic growth.
Custodian Property reports strong leasing activity
Custodian Property Income REIT reported strong leasing activity for the June quarter on Thursday, underpinning its fully covered dividend and supporting a yield of about 7. 7%.
Hostelworld swings to first-half operating profit
Accommodation booking platform Hostelworld reported a robust first-half performance on Thursday, driven by record bookings in Asia and Central America and the continued success of its social network strategy.
Oxford Biomedica still expecting small loss after solid first half
Cell and gene therapy contract development and manufacturing organisation Oxford Biomedica reported a strong first-half trading performance in an update on Thursday, with revenue expected to reach £50m.
Impact Healthcare upbeat on first-half performance
Impact Healthcare REIT reported a robust set of first-half results on Thursday, reflecting solid growth in its UK healthcare real estate portfolio, particularly care homes.
Allianz beefs up buyback plan after record first half
German insurance and asset management titan Allianz has expanded its share buyback plan this year by 50% after announcing record profits in the first half.
Lord Saatchi's bid for the Telegraph rejected by RedBird IMI
Ex-ad tycoon Lord Maurice Saatchi's bid to acquire the Telegraph has been rejected, it emerged on Thursday, with his offer of £350m failing to progress to the second round of the auction process.
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.
Lancashire's first-half profits jump 26%
Bermuda-based Lancashire Holdings saw profits rise by 26% in the first six months of 2024 as the non-life insurance group delivered its best-ever half-year performance.