Headline News
Mutares tumbles as Gotham City highlights accounting irregularities
German private equity firm Mutares tumbled on Thursday after Gotham City Research put out a note pointing to accounting irregularities and suggesting that the company is "increasingly reliant" on debt.
Morrisons sales edge higher despite 'softer' market
Morrisons posted an uptick in third-quarter sales on Thursday, as it confirmed a £331m property deal intended to cut debts.
Commerzbank lifts financial targets
Germany’s Commerzbank reiterated plans to continuing growing as an independent bank on Thursday, including upping its financial targets, as it confirmed a first meeting with potential suitor UniCredit.
Thames Water's credit ratings slashed
Thames Water has had its credit ratings cut even further, it was confirmed on Thursday, heaping yet more pressure on the crisis-struck utility.
H&M cuts 2024 earnings target, shares fall
Fashion giant Hennes & Mauritz cut its full-year margin target on Thursday, weighing on shares, after a "challenging" third quarter.
SNB cuts rates by 25 basis points to 1.0%
The Swiss National Bank cut interest rates on Thursday to 1. 0% from 1. 25%, in line with expectations.
Halma backs FY guidance after progress in first half
Halma backed its guidance for the full year on Thursday as it said further progress was made in the first half in trading conditions "which remain varied across our end markets".
AstraZeneca's Tagrisso gets new US lung cancer approval
AstraZeneca announced on Thursday that ‘Tagrisso’, or osimertinib, has been approved by the US Food and Drug Administration (FDA) for the treatment of adult patients with unresectable, stage three epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC), whose disease had not progressed after platinum-based chemoradiation therapy (CRT).
Mitchells & Butlers Q4 sales hit by wet weather, UK riots
UK's pub group Mitchells & Butlers on Thursday said fourth-quarter like-for-like sales slowed as riots in city centres and an unseasonably wet summer hit trade but added that it still expected to deliver annual results at the upper end of consensus expectations.