News Archive
Asos offloads Topshop, Topman in JV with Heartland; Sees earnings at upper end
5th Sep 2024 07:47
(Sharecast News) - Shares in Asos surged by a fifth on Thursday as the troubled online fashion retailer said it was offloading 75% of the Topshop group as part of a joint venture deal with major shareholder, the Danish fashion billionaire Anders Holch Povlsen.
Read moreLondon pre-open: Stocks seen lower ahead of ADP report
5th Sep 2024 07:36
(Sharecast News) - London stocks were set to fall at the open on Thursday following mostly weaker US and Asian sessions.
Read moreVistry posts 7% jump in H1 profit, announces further £130m share buyback
5th Sep 2024 07:34
(Sharecast News) - Housebuilder Vistry announced a further £130m share buyback on Thursday as it posted a 7% increase in first-half pre-tax profit.
Read moreThursday newspaper round-up: X, Marks & Spencer, Volvo
5th Sep 2024 07:25
(Sharecast News) - More than a quarter of advertisers are planning to cut spending on Elon Musk's X over concerns about the social media platform's content and trust in the information disseminated, according to new global research. Advertising revenue flowing to X has been in freefall since Musk bought the site, then known as Twitter, for $44bn (£38bn) in October 2022, claiming it had not lived up to its potential as a platform for "free speech". - Guardian
Read moreEnQuest slams windfall tax as revenues slide
5th Sep 2024 07:21
(Sharecast News) - UK oil firm EnQuest hit out at the energy profits levy on Thursday, arguing that current conditions meant the windfall tax was no longer merited.
Read morePrimark sees lower sales in H2 as wet weather in UK, Ireland hits footfall
5th Sep 2024 07:04
(Sharecast News) - Like‐for‐like sales at Primark were expected to fall by around 0.5% in the second half of the financial year due to wet weather in the UK and Ireland which hit womenswear and footwear, said parent company Associated British Foods.
Read moreUS close: Dow does little to reclaim Tuesday's heavy losses
4th Sep 2024 21:15
(Sharecast News) - Major indices turned in a mixed performance on Wednesday as the blue-chip Dow Jones managed to claw back some of yesterday's losses.
Read moreEurope close: Tech paces losses, French and Spanish politics in the headlines
4th Sep 2024 21:14
(Sharecast News) - European shares finished down again on Wednesday on the back of softer-than-expected readings for Chinese services sector activity and US job openings.
Read moreSixth Street, Patron reportedly considering bid for L&G-owned housebuilder Cala
4th Sep 2024 17:21
(Sharecast News) - US investment firm Sixth Street has partnered with Patron Capital Partners to compete against FTSE 100 housebuilder Persimmon in the bid to acquire privately-held UK housebuilder Cala Group, it emerged on Wednesday afternoon.
Read moreBroker tips: Dalata Hotel Group, DS Smith
4th Sep 2024 15:13
(Sharecast News) - Analysts at Berenberg lowered their target price on hotels operator Dalata Hotel Group from 510.0p to 480.0p on Wendesday but applauded the group's "resilient H1 performance".
Read moreBank of Canada cuts rates for third time in a row, to 4.25%
4th Sep 2024 15:11
(Sharecast News) - The Bank of Canada cut its benchmark rate on Wednesday to 4.25% from 4.5%, in line with economists' expectations, amid easing inflationary pressures.
Read moreDirector dealings: Totally director makes share purchase
4th Sep 2024 15:08
(Sharecast News) - Totally revealed on Wednesday that non-executive director Bob Forsyth had acquired 150,000 ordinary shares in the AIM-listed healthcare services firm.
Read moreLondon close: FTSE slips as US job openings miss forecasts
4th Sep 2024 15:00
(Sharecast News) - London stock markets ended Wednesday flat to lower as investors processed fresh economic signals from the US, particularly a lower-than-expected job openings report.
Read moreUS open: Stocks mixed as Dow attempts to claw back losses
4th Sep 2024 15:00
(Sharecast News) - Wall Street stocks were mixed early on Wednesday as the blue-chip Dow Jones attempted to claw back some of yesterday's losses.
Read moreFTSE 100 movers: Compass boosted by upgrade; Airtel Africa tumbles
4th Sep 2024 14:50
(Sharecast News) - London's FTSE 100 was down 0.4% at 8,268.28 in afternoon trade on Wednesday.
Read more