News

Utilico Emerging Markets Trust: Announcement of shareholder-friendly initiatives
The Board of Utilico Emerging Markets Trust plc has announced the following update. As set out in the annual report for the ...
Hutchmed China interim profit jumps on joint venture stake disposal
Hutchmed retains a 5.0% stake in the joint venture, which used to be split evenly between Hutchmed and Shanghai Pharmaceuticals Holding Co Ltd. GP Health Services Capital Co Ltd acquired 35% of the ...
UPDATE: Bank of England lifts GDP forecast as votes 5-4 to cut rates
In the August Monetary Policy Report, the BoE forecast UK economic growth to hit 1.25% this year, slightly better than the central bank's previous estimate of 1%. However, this remains dependent on a ...
Lancashire Holdings sees profit slide on natural disaster losses
Lancashire pointed to net losses from "catastrophe, weather and large loss events" of USD211.2 million, multiplied from USD44.0 million in the first half of 2024. A loss of USD172.0 million was ...
LONDON MARKET MIDDAY: Pound climbs after BoE cut in knife-edge vote
(Alliance News) - London's FTSE was on the decline on Thursday afternoon, while the pound moved above the USD1.34 mark, after the Bank of England cut rates in a decision that needed a second vote.
Shares in Morgan Advanced Materials slump as forecasts low end profit
(Alliance News) - Morgan Advanced Materials PLC on Thursday warned full year profit would be at the bottom end of market expectations reflecting weak and challenging markets. In response, shares in ...
Harbour Energy lifts shareholder returns as free cash flow increases
(Alliance News) - Harbour Energy PLC on Thursday declared a USD100 million share buyback and raised its interim dividend, as it raised its guidance for oil production and free cash flow. Shares were ...
WPP posts 70% half-year profit slump, halves dividend amid job cuts
WPP maintained its full-year target for a revenue less pass-through costs decline between 3% and 5%. Headline operating profit margin is still expected to decline in the range of 50 to 175 basis ...
London midday: Stocks extend losses as BoE cuts rates
(Sharecast News) - London stocks had extended losses just after midday on Thursday after the Bank of England cut interest rates by 25 basis points to 4.0%, as expected. The FTSE 100 was down 0.7% at 9 ...
Dowlais narrows interim loss ahead of takeover by American Axle
Back in July, Dowlais said it received shareholder approval for its takeover by American Axle & Manufacturing Holding, a Detroit, Michigan-based automotive and mobility supplier. The takeover is ...
SMALL-CAP WINNERS & LOSERS: Vanquis swings to profit as costs reduced
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
AIM WINNERS & LOSERS: Epwin shares jump as accepts cash takeover bid
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.