Headline News
US Q1 GDP growth comes in slower than expected
Economic activity in the U. S. slowed by more than anticipated at the turn of the year, while price pressures picked up.
Anglo American surges on £31bn takeover bid from BHP
Anglo American surged on Thursday after it received an unsolicited non-binding and highly conditional £31. 1bn all-share takeover proposal from Australia’s BHP Group - a deal that would create the world’s largest miner and copper producer.
Turkey central bank holds interest rates at 50%
Turkey’s central bank left interest rates on hold on Thursday at 50% as it said it was keeping a close eye on inflation.
Micron secures $13bn funding package from White House
Micron Technology has secured more than $6bn in direct funding from the US government to help build leading-edge chip factories, it was announced on Thursday.
Sainsburys sees strong profit growth this year on food pivot
UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.
Greece's Mytilineos considering secondary listing in London
Greek industrial and energy company Mytilineos said on Thursday that it was considering a potential secondary listing on the London Stock Exchange.
Deutsche Bank Q1 profits boosted by investment banking
Deutsche Bank posted a jump in first-quarter pre-tax profit on Thursday, underpinned by a solid performance from investment banking.
UK retail sales tumble in April - CBI
The UK retail sector was hit by a surprise slump in sales in April, a closely-watched industry survey showed on Thursday.
Barclays Q1 profits fall 12% as mortgage demand subdued
Barclays Bank reported a 12% fall in first-quarter profit on lower income as customers shopped around for better savings rates and mortgage deals.
Derwent agrees sale of Turnmill EC1 for £77.4m
Derwent London said on Thursday that it has exchanged contracts with investment manager Titan Investors for the sale of its 70,300 sq ft freehold interest in Turnmill EC1 for £77. 35m.
First-quarter sales miss forecasts at Nestle
Shares in Nestle came under pressure on Thursday, after the Swiss food giant missed first-quarter sales estimates.
Renewi on track to meet full-year expectations
Recycling specialist Renewi reiterated full-year guidance on Thursday, following "strong" performances in a number of divisions.
Moonpig tumbles after discounted share placing
Moonpig tumbled on Thursday after a number of shareholders placed around 25m shares in the company at 160p each, which is a discount of just under 10% to the closing price a day earlier.
Germany consumer sentiment picks up - GfK
German consumer sentiment has continued to strengthen, a closely-watched survey showed on Thursday.
AstraZeneca blows past analysts' estimates for Q1
AstraZeneca posted better-than-expected revenues and profit for the first quarter of 2024 with both the company and analysts highlighting its drug pipeline.
Relx reaffirms outlook after solid start to year
Business information and analytics specialist Relx reaffirmed its full-year outlook in an update on Thursday, alongside a strong start to the year across all four business areas, driven by an ongoing shift towards higher-growth analytics and decision tools.
Drax describes strong first quarter performance
Drax Group reported strong system support and generation performance in a first-quarter update on Thursday, with its expectations for full-year adjusted EBITDA remaining in line with analysts' consensus estimates.
Eurowag trading as expected as net revenue jumps
Commercial road transportation payments and mobility technology company WAG Payment Solutions reported a robust performance in the March quarter on Thursday, with net revenue jumping 31% to €68. 4m, driven by sustained organic growth and contributions from the Inelo acquisition.
PPHE revenue rises as hotel markets normalise
PPHE Hotel Group reported first-quarter revenue of £77m in an update on Thursday, marking an impressive 11. 9% year-on-year increase.
Indivior reports first-quarter growth, confirms plans to shift main listing
Addiction treatment specialist Indivior reported double-digit net revenue growth for the first quarter on Thursday, with total net revenue rising 12% year-on-year to $284m, as it confirmed its intention to shift its primary listing to the United States.