News Archive
Short-seller ShadowFall takes bet against 3i Group
30th Sep 2024 08:29
(Sharecast News) - 3i Group fell on Monday following a report that short-seller ShadowFall Capital and Research has taken out a multimillion-pound short position against the investment trust, saying that its largest holding, Action, was overvalued.
Read moreEurope open: China market rally fails to inspire Stoxx; Stellantis slumps
30th Sep 2024 08:29
(Sharecast News) - European shares opened in negative territory as weak manufacturing survey data in China offset a surge in the Beijing stock market after more attempts to prop up the country's troubles property sector.
Read moreLondon open: Stocks flat as investors mull GDP data
30th Sep 2024 08:17
(Sharecast News) - London stocks were steady in early trade on Monday as data showed the UK economy grew less than initially thought in the second quarter of the year.
Read morePlaytech upbeat after strong first half
30th Sep 2024 08:09
(Sharecast News) - Playtech posted a strong first-half performance on Monday, with revenue increasing 5% to €906.8m and adjusted EBITDA rising 11% to €243m, driven by robust growth in its B2B division.
Read moreVodafone says Three UK merger will not require shareholder approval
30th Sep 2024 08:01
(Sharecast News) - Telecommunications giant Vodafone said on Monday that its proposed merger with Three UK would not require shareholder approval under new UK listing rules.
Read moreRightmove rejects £6.2bn takeover offer from REA Group
30th Sep 2024 07:59
(Sharecast News) - Rightmove tumbled on Monday after Rupert Murdoch's Australian property business REA Group said it was abandoning its pursuit of the property portal after a fourth, £6.2m takeover proposal was rejected.
Read moreChina factory activity slumps - PMI suveys
30th Sep 2024 07:57
(Sharecast News) - Manufacturing activity in China was still in the doldrums in September as demand for new orders fell, according to official and private surveys published on Monday.
Read moreLondon pre-open: Stocks seen down as investors mull GDP, house price data
30th Sep 2024 07:39
(Sharecast News) - London stocks were set to fall at the open on Monday as investors mulled the latest UK GDP and house price data.
Read moreAston Martin cuts profit guidance on delays, weak China demand
30th Sep 2024 07:37
(Sharecast News) - Aston Martin has revealed that full-year profits are now expected to decline as a result of a cut to wholesale volume guidance due to supply chain disruption and weak demand in China.
Read moreMonday newspaper round-up: Coal power plant, Deloitte, RBS scandal
30th Sep 2024 07:27
(Sharecast News) - Britain's only remaining coal power plant at Ratcliffe-on-Soar in Nottinghamshire will generate electricity for the last time on Monday after powering the UK for 57 years. The power plant will come to the end of its life in line with the government's world-leading policy to phase out coal power which was first signalled almost a decade ago. - Guardian
Read moreUK house-price growth accelerates in September
30th Sep 2024 07:24
(Sharecast News) - House prices in the UK rose at their fastest rate in nearly two years this month, with values now just 2% shy of record highs, according to data released on Monday by Nationwide.
Read moreChina megacities ease curbs on home buying, PBoC acts again
30th Sep 2024 07:23
(Sharecast News) - Three Chinese megacities announced the relaxation of home buying rules in the latest round of measures aimed at boosting the country's ailing economy, while the central bank said it would ask lenders to lower mortgage rates.
Read moreBrighton Pier Group gives cautious outlook as wet weather dampens sales
30th Sep 2024 07:22
(Sharecast News) - Shares in The Brighton Pier Group fell on Monday after the leisure company reported a big drop in operating profits and warned that full-year results may be affected as poor weather over the summer dented footfall.
Read moreQinetiQ agrees sale-and-leaseback of Farnborough site
30th Sep 2024 07:19
(Sharecast News) - QinetiQ Group announced the sale of its 407-acre freehold site at Cody Technology Park (CTP) in Farnborough on Monday, to a fund managed by Tristan Capital Partners, for £112m.
Read moreUK second-quarter growth revised lower
30th Sep 2024 07:19
(Sharecast News) - The UK economy grew less than initially estimated in the second quarter, according to figures released on Monday by the Office for National Statistics.
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