Good morning from all of us at Proactive, I’m Thomas Warner with today’s business headlines. The FTSE 100 is up at five-week highs this morning, and gold is also up ahead of a glut of US banking updates later today.
But back here in the UK William Hill owner 888 has reported a 5% fall in first quarter revenue to £446mln, following probes into its VIP operations in the Middle East and player safety failings.
High street fashion brand Superdry has also had a tough morning, issuing a profit warning and hinting future fundraising may be in order in light of what it called a “challenging environment”.
The National Grid joined the sombre mood, revealing this morning that new tax rules on electricity distributers could hit its underlying earnings in years to come.
Recruiter Hays had a brighter start, reporting record fee income on the back of soaring demand for temporary staff that it expects will last into the second half.
Elsewhere, Boeing said it continues to be struck by supply issues for its 737 Max, which it warned will affect a significant number of deliveries in the short term.
That’s all for this morning, today’s report was written by Josh Lamb. Have a great weekend.
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