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London midday: Stocks push higher as investors mull borrowing data, Nvidia results
London stocks had popped into the black by midday on Thursday as investors mulled third-quarter results from US tech giant Nvidia and the latest UK borrowing figures.
Berenberg lowers target price on Liontrust following H1 results
Analysts at Berenberg lowered their target price on Liontrust Asset Management from 625. 0p to 500. 0p on Thursday but said the group was still "well positioned for when markets turn".
JD Sports slumps on warning profit will be at lower end of range
Shares in JD Sports Fashion slumped by 15% on Thursday as the retailer warned full-year profits would be at the lower end of forecasts after a “volatile” trading environment in October due to discounting, milder weather and consumer caution ahead of the US election.
DOJ proposes forcing Google to sell Chrome browser
The US Department of Justice has called for Google parent company Alphabet to dispose of its Chrome browser arm in an effort to stop the group from maintaining its online search monopoly.
Watchdog mulls giving car finance firms until late 2025 to handle complaints
The financial watchdog is considering giving firms up until the end of 2025 to handle car finance complaints, it confirmed on Thursday.
Jefferies sees downside risk at Auction Technology Group
Jefferies has kicked off coverage of Auction Technology Group with an 'underperform' rating, saying it sees continued downward pressure on consensus forecasts.
Nine water firms banned from using customer bills to fund bonuses
Nine water companies have been banned from using customer money to fund "undeserved" bonuses for bosses, the regulator announced on Thursday.
Ithaca Energy shares jump on $200m special divi after Eni UK merger
Shares in Ithaca Energy surged on Thursday after the UK-focused oil group announced a $200m special dividend alongside its third-quarter results, after completing its takeover of Eni UK and finalising a new debt refinancing.
Jet2 delivers 'record performance' in H1, raises FY guidance
Airline company Jet2 said on Thursday that it had delivered "another record performance" in the six months ended 30 September, leading the group to upgrade its full-year outlook.
Liontrust to cut jobs as profits fall
Liontrust Asset Management said on Thursday that it was planning to cut around 25 jobs in a bid to save costs, as it reported a drop in first-half profits but struck an upbeat note on the outlook.
Asia report: Markets mostly lower with Nvidia, Adani in focus
Asia-Pacific markets broadly declined on Thursday as investors digested mixed signals from Nvidia’s earnings and regional developments.
Speedy Hire swings to interim loss
Tools and equipment hire firm Speedy Hire said on Thursday that it swung to an interim pre-tax loss amid higher costs.
CMC Markets interim revenues up 50pc
Financial services firm CMC Markets said on Thursday that net revenues had surged in the six months ended 30 September, helping the group swing from its interim pre-tax loss a year earlier.
London open: FTSE dips as Nvidia fails to impress; JD Sports slides
London stocks dipped in early trade on Thursday after third-quarter numbers from US tech giant Nvidia failed to impress investors and as geopolitical tensions continued to simmer.
Grainger ups earnings guidance after solid rental growth
Residential landlord and build-to-rent (BTR) group Grainger has raised its dividend by 14% on the back of a double-digit increase in rental income and profits, as the company lifted its near-term earnings forecasts.
Europe open: Stoxx dips below 500 as Nvidia disappoints
European shares opened lower on Thursday, with the benchmark Stoxx 600 index tipping below 500, as investors digested earnings from tech darling Nvidia overnight and developments in Ukraine.
XPS Pensions confident after first-half growth
XPS Pensions Group reported a robust first-half performance on Thursday, with group revenue rising 23% year-on-year to £113. 4m.
Eagle Eye reports strong start to new financial year
Eagle Eye Solutions Group reported a strong start to the 2025 financial year on Thursday, driven by new contract wins, expanded client engagements, and a growing global demand for personalised loyalty solutions.
Restore confident in earnings forecast amid market challenges
Information management and lifecycle specialist Restore reported steady progress for the 10 months ended 31 October on Thursday, despite market challenges linked to public sector uncertainty and the Autumn Budget.
PayPoint shares slide despite first-half growth
Shares in PayPoint were sliding on Thursday morning, even after it reported a 20. 6% improvement in first-half underlying EBITDA to £37. 5m on the back of continued operational momentum across its divisions.