News Archive
London pre-open: Stocks seen down as UK economy continues to stagnate
11th Sep 2024 07:36
(Sharecast News) - London stocks were set to fall at the open on Wednesday as data showed the UK economy continued to stagnate in July.
Read moreUK economy continues to flatline in July
11th Sep 2024 07:32
(Sharecast News) - The UK economy continued to stagnate in July, according to figures released on Wednesday by the Office for National Statistics.
Read moreRentokil warns on profits after slower peak season in North America
11th Sep 2024 07:30
(Sharecast News) - Pest-control giant Rentokil Initial has scaled back its profit guidance for the full year after weaker-than-expected summer trading in North America.
Read moreDunelm FY profit, sales rise despite 'softer' market
11th Sep 2024 07:28
(Sharecast News) - Homeware retailer Dunelm reported a rise in full-year profit and sales on Wednesday despite a "softer" market.
Read moreWednesday newspaper round-up: Port Talbot, Amazon, Tripadvisor
11th Sep 2024 07:20
(Sharecast News) - The British steel industry is braced for 2,500 job cuts at the Port Talbot steelworks, with thousands more jobs at risk in the UK, as the government prepares a taxpayer-backed deal for the south Wales plant. The business secretary, Jonathan Reynolds, is expected to outline on Wednesday details of a rescue deal which will see the government hand the historic Welsh plant's owners, Tata Steel, £500m to build a new electric furnace - but at the cost of huge redundancies from the closure of its last remaining blast furnace. - Guardian
Read moreEnergean reports record first half, narrows full-year outlook
11th Sep 2024 07:16
(Sharecast News) - Energean announced record first-half financial and operational results on Wednesday, driven by the start-up of the Karish North field and the completion of the second gas export riser in Israel.
Read moreRightmove rejects £5.6bn takeover proposal from REA Group
11th Sep 2024 07:08
(Sharecast News) - Rightmove has rejected a £5.6bn takeover proposal from Australian peer REA Group, saying it undervalues the UK property platform's future prospects.
Read moreSector movers: Autos, Big Oil drop as Brent futures and US Treasury yields slide
11th Sep 2024 06:59
(Sharecast News) - Stocks on the FTSE 350 slumped on Tuesday led by declines in cyclical areas of the market such as Autos and Banks.
Read moreUS close: Stocks mixed ahead of presidential debate
10th Sep 2024 21:31
(Sharecast News) - Wall Street stocks turned in a mixed performance on Tuesday following big wins for major indices in the previous session.
Read moreEurope close: Falling auto, oil stocks pull markets lower
10th Sep 2024 16:33
(Sharecast News) - European equity markets fell on Tuesday, as early gains were followed by an afternoon sell-off, with heavy falls from auto and oil stocks providing a big drag across the continent.
Read moreDirector dealings: Audioboom chairman makes share purchase
10th Sep 2024 16:28
(Sharecast News) - Audioboom revealed on Tuesday that chairman Michael Tobin had acquired 4,380 ordinary shares in the AIM-listed podcasting business.
Read moreBroker tips: Asos, The Pebble Group
10th Sep 2024 15:48
(Sharecast News) - Barclays downgraded Asos to 'underweight' from 'equalweight' and cut its price target to 290.0p from 300.0p as it said the online fashion retailer was no longer just a refinancing story.
Read moreCapital Economics ups end-2025 gold price forecast to $2,750/oz.
10th Sep 2024 15:35
(Sharecast News) - Capital Economics boosted its gold price forecast for the end of the following year, although it was expecting a bumpy ride.
Read moreLondon close: Stocks mixed on latest UK jobs data
10th Sep 2024 14:47
(Sharecast News) - London's stock markets closed with mixed results on Tuesday, as investors weighed the latest UK jobs data showing both a slowdown in pay growth and a decline in the unemployment rate.
Read moreBMW cuts profit guidance on weak China conditions, recall costs
10th Sep 2024 14:47
(Sharecast News) - Shares in BMW tanked to their lowest in nearly two years on Tuesday after the German automaker scaled back its full-year guidance on the back of weak market conditions in China and costs related to a product recall.
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