News Archive
3i Infrastructure gets binding offer for Valorem stake
7th Oct 2024 07:44
(Sharecast News) - 3i Infrastructure said on Monday that it has received a binding offer for its circa 33% stake in Valorem, an independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors.
Read moreStarboard reportedly builds $1bn stake in Pfizer
7th Oct 2024 07:42
(Sharecast News) - Activist investor Starboard Value has reportedly built a stake in pharmaceutical giant Pfizer worth around a $1bn and is seeking to mount a turnaround at the struggling company, according to people familiar with the matter.
Read moreLondon pre-open: Stocks seen up as investors mull Halifax house prices
7th Oct 2024 07:32
(Sharecast News) - London stocks were set to rise at the open on Monday following an upbeat session in Asia, as investors mulled the latest house price data from Halifax.
Read moreGerman factory orders sink sharply as industrial downturn continues
7th Oct 2024 07:29
(Sharecast News) - Factory orders in Germany fell more sharply than expected in August, dropping by their steepest level in seven months, amid an ongoing industrial downturn in Europe's largest economy.
Read moreMonday newspaper round-up: Retailers, Telegraph, pension funds
7th Oct 2024 07:19
(Sharecast News) - More than 70 retailers, including Tesco, Marks & Spencer and Ikea, are lobbying the chancellor, Rachel Reeves, for a 20% cut to business rates, warning that the property tax could force tens of thousands of shops to shut. In a letter to Reeves coordinated by the British Retail Consortium (BRC), executives are pushing the Treasury to introduce a "retail rates corrector" on the levy, which is a property-based tax charged by local councils and imposed on businesses including retailers, pubs, factories and company offices. - Guardian
Read moreGrainger reports solid end to financial year
7th Oct 2024 07:17
(Sharecast News) - Grainger, the UK's largest listed provider of private rental homes, flagged a robust full-year performance in an update on Monday, supported by portfolio expansion and strong rental growth.
Read moreRio Tinto confirms rumours of possible Arcadium Litihium takeover
7th Oct 2024 07:16
(Sharecast News) - Rio Tinto confirmed speculation on Monday morning that it has approached Philadelphia-based lithium chemicals producer Arcadium Lithium regarding a possible takeover.
Read moreShell shares rise slightly on third-quarter outlook
7th Oct 2024 07:14
(Sharecast News) - Shell released its third-quarter 2024 outlook on Monday, reporting that in the integrated gas segment, it expected production to range between 920,000 and 960,000 barrels of oil equivalent per day, with LNG liquefaction volumes between 7.3 million and 7.7 million tonnes.
Read moreHouse prices rise again in September, near record highs - Halifax
7th Oct 2024 07:13
(Sharecast News) - UK house prices rose in September for the third month in a row and were close to record highs amid cheaper mortgage rates, according to figures released on Monday by Halifax.
Read moreMitie buys Spain's Visegurity for £9.2m
7th Oct 2024 07:04
(Sharecast News) - Mitie Group said it had bought Spanish security business Grupo Visegurity for up to €11m (£9.2m), made up of an initial €9m payment and performance-linked deferred payments of up to €2m over the next two years.
Read moreSunday newspaper round-up: Climate Change, The Telegraph, Stamp duty
6th Oct 2024 12:19
(Sharecast News) - Humanity has failed at the goal of keeping the degree of global warming below 1.5C. According to the head of the Intergovernmental Panel on Climate Change, Jim Skea, the planet was on course to warm by 3C by 2100. But surface temperatures would rise by more than those of the sea. Furthermore, western Europe and the UK were at threat from even greater warming, possibly as much as 5C by the turn of the century. - The Sunday Telegraph
Read moreUS close: Stocks surge, Dow sets new record after non-farm payrolls beat
4th Oct 2024 21:38
(Sharecast News) - US stocks finished with strong gains on Friday, with the Dow once again reaching a record high, on the back of a bumper employment report which showed that the American economy added significantly more jobs than expected in September.
Read moreEurope close: Stocks rise on bumper US jobs report
4th Oct 2024 16:24
(Sharecast News) - European shares posted gains on Friday as investors reacted positively to a better-than-expected US payrolls report,while oil prices continued to rise on fears of further escalation in Middle East tensions.
Read moreWoodbois raises £1m from new and existing shareholders
4th Oct 2024 16:14
(Sharecast News) - Woodbois announced on Friday that it has raised £1m through a subscription from new and existing shareholders.
Read moreCreo Medical extends closing date for retail offer
4th Oct 2024 16:10
(Sharecast News) - Creo Medical Group announced an extension to the closing date for its retail offer on Friday, allowing existing retail shareholders more time to participate.
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