Renault reports Q1 growth ahead of expectations
Renault reported first-quarter revenue growth that beat market expectations on Thursday, as rising sales to partners and strong momentum in electric vehicles helped offset lower group volumes and disruption at its Dacia brand caused by bad weather and logistics issues.
Sanofi shares jump on solid Q1 ahead of new CEO arrival
Shares in Sanofi rose as the French pharma giant beat first-quarter sales estimates on Thursday on continuing demand for its Dupixent asthma and eczema drug just before the arrival of new chief executive Belén Garijo.
Roche confident despite strong Swiss franc, threat of generics
Roche reported a 5% fall in first-quarter sales to CHF 14. 7bn (£13. 88bn) on Thursday, as the strength of the Swiss franc and generic competition for older drugs weighed on reported results, though sales rose 6% at constant exchange rates and the company maintained its full-year outlook.
Berenberg lowers target price on GB Group
Analysts at Berenberg lowered their target price on software firm GB Group from 340p to 290p on Thursday following the group's full-year trading update a day earlier.
London midday: FTSE extends losses after PMI, amid Hormuz standoff
London stocks had fallen further by midday on Thursday as oil prices rose amid the standoff between the US and Iran over the Strait of Hormuz, and as the latest UK PMI print highlighted concerns about inflation.
Europe midday: Hormuz blockade hits Stoxx, boosts oil; Nokia surges
European markets were lower and oil prices pushed beyond $100 a barrel as the continuing blockade of the Strait of Hormuz overshadowed the extension of the Iran war ceasefire.
Foxtons Q1 sales revenues slump 35%
London estate agent Foxtons backed its full-year expectations on Thursday but posted a sharp decline in first-quarter sales revenue, pointing to a "more challenging" market backdrop.
Raspberry Pi Foundation agrees to sell 10.9 million shares
Raspberry Pi announced on Thursday that the Raspberry Pi Foundation had agreed to sell 10. 9 million existing shares at 550p each, raising gross proceeds of about £60m through a placing to strategic and institutional investors and a separate retail offer.
Safran sees FY at upper end after Q1 revenue beats forecasts
French jet engine maker Safran said it expected full year earnings to be at the upper end of guidance after first-quarter revenue beat estimates.
Nestle Q1 sales beat forecasts despite baby formula hit
First-quarter revenues at Swiss food giant Nestle beat expectations on Thursday, as strong coffee and confectionary sales helped offset a baby formula recall.
Dassault shares jump as Q1 revenue in line with estimates
Shares in Dassault Systemes jumped on Thursday as the French software maker reported first-quarter revenue in line with expectations and held full-year guidance.
Nokia shares surge as AI boom boosts Q1 sales
Nokia's share price hit a 16-year high on Thursday after first-quarter results impressed investors with strong growth in the Optical Networks division as sales from AI and cloud customers soared.
UK private sector activity picks up in April, cost inflation spikes
Activity in the UK private sector picked up in April, while cost inflation saw its biggest month-on-month jump in 30 years as customers brought orders forward amid expectations of price hikes, according to a survey released on Thursday.
Saab Q1 earnings beat forecasts on strong order book
Swedish aerospace and defence group Saab on Thursday posted a better-than expected rise in first-quarter operating profit.
Asia report: Most markets fall as Hormuz remains blockaded
Asia-Pacific markets mostly ended lower on Thursday as escalating tensions in the Middle East overshadowed earlier optimism driven by a US ceasefire extension with Iran.
Tritax Big Box secures two new leases with Currys
Real estate investment trust Tritax Big Box said on Thursday that it had secured two new leases with electrical retail giant Currys at Tritax Park Newark, generating £9. 5m in annual rental income for 20 years.
WH Smith shares tank as Iran war forces profit warning, divi suspension
Travel outlet retailer WH Smith cut its full-year profit forecast and suspended its dividend, citing the impact of the Iran war on flight schedules to the Middle East, sending shares in the company down as much as 17% in morning trade on Thursday.
L’Oreal posts jump in Q1 sales, shares surge
L’oreal shares surged on Thursday after the French beauty company reported a 7. 6% increase in like-for-like first-quarter sales, outperforming the wider market.
Losses narrow at Asos despite slide in revenues
Asos saw losses more than halve in the first six months of the year, the fast fashion brand confirmed on Thursday, despite a slide in revenues.
Sainsbury's says profits could fall this year, cites Iran war impact
Sainsbury’s cautioned on Thursday that full-year profits could fall this year as the outlook is uncertain due to the impact of the war on Iran.