The FTSE 100 closed up 23.13 points at 8168.10. Among the companies with reports and trading updates today are Hargreaves Lansdown, Bellway and Asda. Hargreaves Lansdown has agreed to be acquired by a consortium backed by private equity giant CVC Partners, in a 1,140p-per-share deal worth £5.44billion.
Britain's competition watchdog has confirmed it is launching a merger inquiry into Amazon's partnership with artificial intelligence (AI) firm Anthropic. The tech giant has invested over £3billion into the US AI firm. The Competition and Markets Authority (CMA) said it had 'sufficient information' to begin an initial investigation into the partnership, in order to establish whether a more in-depth probe is needed.
The online investment business has agreed to be acquired by CVC Capital Partners, Nordic Capital and Platinum Ivy, a subsidiary of sovereign wealth fund the Abu Dhabi Investment Authority.
Barclays, led by boss Venkat (pictured), has ditched rules introduced by Brussels in 2014 that limited bonuses to two times an employee's annual salary.
The FTSE 100 oil major has entered the final stages of negotiations with the Government for one of the biggest blue hydrogen production facilities in the UK.
The Competition and Markets Authority said the buyout of Redrow raised local competition concerns in Whitchurch, Shropshire, where it said the two companies hold a high share of the land.
Bellwway's chief executive Jason Honeyman said 'challenging operating conditions' had continued to hit the firm's bottom line.
Beazley chief exec Adrian Cox said CrowdStrike tested Beazley's approach to underwriting cyber risk, but he said it had proved to be highly resilient.
Pay-for view of maximum hours of Olympic broadcasting is a new phenomenon, which offers a graphic illustration of how broadcasting is changing.
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Entain shares rose sharply on Thursday after the group upped its annual revenue forecasts and saw its losses narrow. The group's bottom line was bolstered by punters cashing in on high-profile football events in Europe in the second quarter. Group losses after tax in the latest interims totalled £46.9million, which was a marked improvement from the £448million loss penned in the 2023 interims.
Savills and Derwent flagged signs of growth in the property market, while a new industry property survey posted on Thursday saw sales predictions rise to the highest level since 2020.
Ibstock had a tough first half as elevated mortgage rates kept the housing market challenging. Half-year profits plunged by more than 60%, as revenue declined 20%.
The FTSE 100 rallied as global markets bounced back after a sharp sell-off earlier this week sparked by fears over a US recession and tensions in the Middle East.
Ofwat is set to impose an independent monitor on Thames Water after the debt riddled utility firm was stripped of two investment-grade credit ratings.
The Chancellor held a round table of Canada's biggest retirement fund bosses - launching a push for British funds to follow their example.
Rheinmetall's sales in the first half of the year increased by a third to £3.3bn with the order backlog expected to swell to as much as £60bn by the end of the year.
Deliveroo has achieved the key milestone of profitability thanks to solid growth in the value of customer orders in the first half of the year.
The York-based housebuilding giant said the number of homes it finished building increased by 5 per cent to 4,445 new homes in the opening six months of 2024.
The high performance and fashion savvy appearance of the BBC's brilliant line-up of female presenters at the Olympics rightly has attracted favourable attention. Viewers might want to consider why there is so much talking and so little of the more esoteric activities much loved by sports aficionados.
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