News Archive

Haleon buys back £230m in shares after Pfizer offloads £2.43bn stake

1st Oct 2024 07:48

(Sharecast News) - Pharma giant Pfizer has offloaded a £2.43bn stake in Haleon, which in turn said it would buy back £230m of the shares.

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London pre-open: Stocks seen higher after Monday's losses

1st Oct 2024 07:36

(Sharecast News) - London stocks were set to gain on Tuesday following heavy losses in the previous session, as investors digested a speech by Federal Reserve chair Jerome Powell and looked ahead to the latest UK manufacturing reading.

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Tuesday newspaper round-up: Tips, eBay, business confidence

1st Oct 2024 07:26

(Sharecast News) - Unions fear some restaurants and other businesses may slip through the net of new legislation over the fair distribution of tips and service charges that comes into force in Great Britain on Tuesday. The government said the long-planned changes would mean workers would be in line for about £200m that may otherwise have been retained by employers. Under the new rules 100% of tips - by cash or card - and any service charge levied on customers must be passed on to staff working in restaurants, cafes, hotels, hairdressers or taxi firms. - Guardian

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Gaggenau lets Marylebone flagship store from Great Portland Estates

1st Oct 2024 07:24

(Sharecast News) - London-focused property group Great Portland Estates has let nearly 7,000 square feet of retail space at Orchard Court in Marylebone to luxury home appliances brand Gaggenau.

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Peel Hunt reports solid first half but warns of political uncertainties

1st Oct 2024 07:21

(Sharecast News) - Peel Hunt reported a strong first-half financial performance on Tuesday, with group revenue rising 25% year-on-year to £53.3m, up from £42.7m a year earlier.

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Greggs backs full-year outlook as Q3 sales rise

1st Oct 2024 07:20

(Sharecast News) - Greggs slumped on Tuesday as it backed its full-year outlook but reported a slowdown in third-quarter sales growth.

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Endeavour Mining taps Sonia Scarselli as new VP of exploration

1st Oct 2024 07:18

(Sharecast News) - Endeavour Mining announced the appointment of Sonia Scarselli as its executive vice-president of exploration on Tuesday, effective from December.

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Rio Tinto signs deal to develop lithium supply chain across Europe

1st Oct 2024 07:09

(Sharecast News) - British-Australian metals and mining titan Rio Tinto has announced a lithium supply chain commercial partnership with UK-based, lithium refinery developer Green Lithium.

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US close: Stocks stage late rally as Powell discusses future rate cuts

30th Sep 2024 23:25

(Sharecast News) - US stocks registered mild gains on Monday after a late rally following comments from Federal Reserve chair Jerome Powell, who indicated that interest-rate cuts would continue - albeit by a reduced amount - in the coming months.

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Berenberg raises target price on Cranswick

30th Sep 2024 16:08

(Sharecast News) - Analysts at Berenberg raised their target price on food production company Cranswick from 5,312.0p to 5,674.0p on Monday, stating structural factors were driving trading strength.

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London close: Stocks slip on GDP revision, Middle East tensions

30th Sep 2024 16:06

(Sharecast News) - London stocks closed in the red on Monday, with heightened geopolitical tensions in the Middle East weighing on investor sentiment.

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Chicago PMI rises more than expected, but downturn continues

30th Sep 2024 15:23

(Sharecast News) - The downturn in business activity in the Chicago region eased slightly in September but remained in negative territory for the 10th straight month.

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Europe close: Auto stocks weigh heavily as Stoxx 600 retreats from record high

30th Sep 2024 15:22

(Sharecast News) - European stocks fell sharply on Monday as the last trading session of the fourth quarter ended on a negative note, with heavy falls from auto manufacturers weighing on markets.

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Biome secures £0.19m RF technologies contract

30th Sep 2024 15:20

(Sharecast News) - Biome Technologies announced that its RF technologies division had secured a £0.19m contract to upgrade advanced analytical equipment previously supplied to a UK-regulated industry.

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Versarien sells AAC Cyroma subsidiary for £0.55m

30th Sep 2024 15:19

(Sharecast News) - Advanced materials engineering group Versarien announced the completed sale of its wholly-owned subsidiary AAC Cyroma on Monday, to Harper Bennett for £0.55m.

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