West End-focused real estate group Shaftesbury Capital said it saw "excellent" leasing activity across all property with rents rising by a tenth as it swing to a net profit in 2023.
London stocks edged up in early trade on Thursday as investors digested a slew of UK earnings releases and looked to the release of key US inflation data.
The London Stock Exchange Group posted modest profit growth for the year just ended and sounded a confident note on the outlook, including for initial public offerings.
Wincanton surged on Thursday after Clipper Logistics owner GXO Logistics said it had made a £764m takeover offer for the company, potentially kicking off a bidding war.
Private healthcare business Spire revealed on Thursday that full-year profits had surged in 2023 following a "strong" full-year performance.
European markets opened higher on Thursday as investors digested another dump of corporate earnings and looked ahead to inflation data in the US and Europe.
Government contractor Serco said it expected slightly lower revenues this year and a 5% rise in profit as 2023 earnings rose 25%.
Power generation company Drax posted a surge in full-year profits on Thursday and lifted its dividend, as Britons struggled to pay their energy bills.
Precision instrumentation and controls company Spectris reported record adjusted profits for 2023 on the back of double-digit sales growth and improving margins, though sales came in slightly below forecasts.
GSK announced a confidential settlement with Boyd/Steenvoord, effectively resolving a case filed in California state court over its discontinued heartburn drug Zantac.
Molten metal flow engineer Vesuvius reported a drop in full-year profit and revenue on Thursday amid "difficult" market conditions.
Profits at Howden Joinery fell more than expected last year as a weaker DIY and housing market hit the bottom line.
Ocado said on Thursday that it swung back to an underlying profit in 2023 as its joint venture with M&S returned to profit.
German retail sales fell unexpectedly in January, down 0. 4% against expectations of a 0. 5% rise, according to official data published on Thursday.
Weir Group managed to deliver an 18% increase in adjusted profits in 2023 after beefing up margins more than expected as it pointed to further growth across the board this year.
Consumer health firm Haleon on Thursday posted flat annual earnings and said it expected to grow revenue this year on higher demand.
London stocks were set to edge up at the open on Thursday as investors eyed a slew of UK earnings releases and key US inflation data.
London open The FTSE 100 is expected to open 15 points higher on Thursday, having closed down 0. 76% on Thursday at 7,624. 98.
Jeremy Hunt is considering scrapping Britain’s non-domiciled tax rules in next week’s budget, it has been reported, in a move that would see him poach one of Labour’s key fiscal policies. The decision is understood to be on a list of revenue-generating options drawn up for the chancellor and Rishi Sunak after economic estimates left them with less money than expected for tax cuts or spending pledges. – Guardian.
British Airways owner IAG on Thursday more than doubled annual profit as demand continued to rebound from the effects of the Covid pandemic.
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