Industrial thread maker Coats said it expected full-year results to be in line with expectations and forecast an operating margin of around 18%, driven by strong sales growth.

British Land reported a stable first-half financial performance on Wednesday, with underlying profit managing a 1% rise to £143m.

Comcast will spin off many of its cable television networks that were once at the heart of the entertainment giant, with people increasingly swapping out their cable TV subscriptions for streaming platforms.

Administrators have been appointed

Comcast is spinning off MSNBC, CNBC, USA Network, E!, Syfy, Fandango, and Rotten Tomatoes to form a new company.

The Exploration Company (TEC) has raised $160 million in a Series B funding round. The startup is developing Nyx, a reusable and in-orbit refillable spacecraft for transporting space cargo.