News Archive

London open: Stocks edge up in quiet trade

13th Sep 2024 08:12

(Sharecast News) - London stocks edged up quiet trade early on Friday, with little in the way of market-moving news to provide any direction.

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Europe open: Stoxx up on Fed rate cut bets

13th Sep 2024 07:54

(Sharecast News) - European shares opened higher on Friday as the betting increased on a larger-than-expected US interest rate cut in US, a day after the European Central Bank trimmed its benchmark.

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Boeing workers down tools in pay dispute

13th Sep 2024 07:45

(Sharecast News) - Workers at Boeing have gone on strike, it was confirmed on Friday, after voting overwhelmingly to reject a tentative 25% pay rise.

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Balfour Beatty awarded £363m National Grid contract

13th Sep 2024 07:42

(Sharecast News) - Infrastructure group Balfour Beatty said on Friday that it has been awarded a £363m contract by National Grid to deliver the Bramford to Twinstead Reinforcement project.

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DSV buys Schenker from Deutsche Bahn for €14bn

13th Sep 2024 07:41

(Sharecast News) - Danish freight, sea freight, road transport services and logistics giant DSV has agreed to take over Deutsche Bahn's logistics arm Schenker for €14.3bn.

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Citi lifts Tesco forecasts as market share continues to rise

13th Sep 2024 07:39

(Sharecast News) - Citi has lifted its target price for Tesco shares ahead of the supermarket giant's interim results next month, saying that the retailer's continued market share gains should be reflected in the figures.

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London pre-open: Stocks set for flat start

13th Sep 2024 07:36

(Sharecast News) - London stocks were set for a steady open on Friday following solid gains in the previous session.

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London pre-open: Stocks set for flat start

13th Sep 2024 07:36

(Sharecast News) - London stocks were set for a steady open on Friday following solid gains in the previous session.

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Flutter Entertainment buys 56% stake in Brazil's NSX Group

13th Sep 2024 07:30

(Sharecast News) - Paddy Power owner Flutter Entertainment said on Friday that it has bought a 56% stake in NSX Group, a Brazilian operator of the Betnacional brand, for around $350m.

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Friday newspaper round-up: High speed rail line, Boeing, Grangemouth

13th Sep 2024 07:26

(Sharecast News) - A plan for a new high-speed rail line linking Birmingham and Manchester has been unveiled, claiming to deliver most of the benefits of the scrapped northern leg of HS2 at significantly cheaper cost and with only slightly longer journey times. The 50-mile track would run from where the HS2 line is now due to end in Staffordshire to join a planned Northern Powerhouse Rail line west of Manchester airport, under a plan unveiled by the mayors of Greater Manchester and the West Midlands. - Guardian

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National Grid agrees £630m sale of Electricity System Operator with govt

13th Sep 2024 07:21

(Sharecast News) - National Grid announced on Friday that it has reached agreement with the UK government to sell the Electricity System Operator (ESO) for an enterprise value of £630m.

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GSK to speed up development of blood cancer treatment in China

13th Sep 2024 07:19

(Sharecast News) - China's health authority has granted GSK's Blenrep blood cancer treatment with a so-called 'Breakthrough Therapy Designation' (BTD), which is designed to speed up development of investigational drugs.

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UK's CMA said Vodafone/Three merger could lead to higher prices

13th Sep 2024 07:04

(Sharecast News) - Britain's competition regulator on Friday said Vodafone and Hutchison Three's £15bn merger could lead to higher prices for tens of millions of consumers and a "substantial" weakening of competition.

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US close: Stocks rise as producer price inflation eases

12th Sep 2024 21:24

(Sharecast News) - US stocks put in solid gains on Thursday as investors assessed how slowing producer-price inflation would affect the near-term outlook for interest rates ahead of the Federal Reserve's next policy meeting.

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London close: Stocks rise on US jobless claims, ECB rate cut

12th Sep 2024 16:25

(Sharecast News) - London's stock markets closed with gains on Thursday, as investors digested an increase in US jobless claims and an interest rate cut from the European Central Bank.

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