London-listed stocks opened lower on Thursday as investors await the Bank of England’s interest rate decision. The decision comes a day after the US settled on a 75 basis point hike. Investors are anticipating a 75 basis point hike by the BoE at 12pm.
As of now, let’s dive into some of the top stories on Thursday.
- JD Sports reported its interim results for the 26 weeks ended 30 July.
- Revenue grew from £3.89 billion in 2021 to £4.42 billion in 2022.
- However, pre-tax profits fell to £298.3 million as the company remains wary of inflation.
- JD Sports fell 4.09% on Thursday morning.
- Deepverge reported interim results for the first half of the year.
- The company reported record sales, with H1 revenue growing 94% to £6.44 million.
- The group stated with £18 million in sales expected for the full year, the board anticipated demand to continue well into 2023.
- Halma reported its trading update, with the company seeing good progress in the first half of the year.
- Despite the current environment remaining challenging, the company said it is in line with expectations as they continue to see strong demand for its products and services.
- Its guidance for the full year remains unchanged.
- Gambling software firm Playtech reported a fall in pretax profit in its half-year report.
- Revenue jumped 73% to €792.3 million, but its pretax profit fell to €103.7 million.
- The board remains confident of its outlook given the strong performance so far in 2022.
- Playtech shares are currently down 3.16%.