News Archive

US construction spending falls 0.1pc in August

1st Oct 2024 15:28

(Sharecast News) - US construction spending fell 0.1% month-on-month to a seasonally adjusted annual rate of $2.13trn in August, according to the Census Bureau, following a revised 0.5% decrease in August and missing forecasts of a 0.1% rise.

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ISM US manufacturing PMI holds steady in September

1st Oct 2024 15:17

(Sharecast News) - The Institute of Supply Management's manufacturing index, as market participants tried to gain fresh insight into the state of the US economy amid ongoing fears surrounding a potential US recession.

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PepsiCo to buy tortilla chip maker Siete for $1.2bn

1st Oct 2024 14:44

(Sharecast News) - PepsiCo said on Tuesday that it has agreed to buy tortilla chip maker Siete for $1.2bn.

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TotalEnergies to invest $10.5bn in Suriname offshore field

1st Oct 2024 14:44

(Sharecast News) - French oil major TotalEnergies announced on Tuesday it is investing $10.5bn into the GranMorgu offshore oil field in Suriname.

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FTSE 100 movers: WPP shines; 3i in the red again

1st Oct 2024 14:40

(Sharecast News) - London's FTSE 100 was up 0.2% at 8,251.12 in afternoon trade on Tuesday.

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Director dealings: Relx director snaps up shares

1st Oct 2024 14:26

(Sharecast News) - Relx revealed on Tuesday that director June Felix had acquired 1,400 ordinary shares in the London-listed information and analytics company.

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US open: Stocks start off Q4 with early losses, manufacturing data in focus

1st Oct 2024 14:13

(Sharecast News) - Wall Street stocks were in the red early on Tuesday as major indices kicked off Q4 trading with losses.

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Mpac launches £1m retail offer alongside £29m placing

1st Oct 2024 14:03

(Sharecast News) - High-speed packaging and automation company Mpac launched a retail offer to raise up to £1m on Tuesday, as part of a larger placing to raise almost £30m.

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Intelligent Ultrasound completes £40.5m sale of Clinical AI business

1st Oct 2024 13:58

(Sharecast News) - Intelligent Ultrasound announced on Tuesday that it has completed the sale of its Clinical AI Business to GE HealthCare, for an enterprise value of £40.5m.

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Mothercare suspends shares from AIM due to delayed results

1st Oct 2024 13:36

(Sharecast News) - Mothercare suspended its shares from trading on AIM on Tuesday due to a delay in the publication of its results for the year to 30 March 2024.

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Boeing considers raising at least $10bn selling new stock - report

1st Oct 2024 11:58

(Sharecast News) - Boeing is reportedly considering raising at least $10bn by selling new stock as it looks to replenish cash reserves depleted further by an ongoing strike.

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Europe midday: Stoxx rallies on EZ inflation print

1st Oct 2024 11:45

(Sharecast News) - European shares swung into positive territory as eurozone inflation fell below 2% for the first time in more than three years, offsetting worries over the impact of Israel's invasion of Lebanon amid fears of a major escalation of conflict in the Middle East.

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London midday: Stocks push up as investors mull UK manufacturing, EZ inflation

1st Oct 2024 11:01

(Sharecast News) - London stocks had extended gains by midday on Tuesday as investors mulled the latest UK manufacturing data and eurozone inflation figures, and considered the consequences of Israel's invasion of Southern Lebanon.

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US pre-open: Stocks mixed ahead of manufacturing data

1st Oct 2024 10:52

(Sharecast News) - Wall Street futures were mixed ahead of the bell on Tuesday as major indices looked set to kick off Q4 trading on a somewhat muted note.

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Powerhouse Energy reports progress on Bridgend technical centre

1st Oct 2024 10:46

(Sharecast News) - Waste-to-energy technology developer Powerhouse Energy reported progress on the development of its technical centre in Bridgend, Wales on Tuesday, which it described as a key part of its strategy to demonstrate its waste-to-energy technology and explore commercial applications.

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