News Archive

AdvancedAdvT revenue, earnings to meet half-year expectations

27th Sep 2024 11:41

(Sharecast News) - International software provider AdvancedAdvT said in an update on Friday that it was expecting group revenue to reach £19.5m for the six months ended 31 August.

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API offloads majority of portfolio to GoldenTree in £351m deal

27th Sep 2024 11:40

(Sharecast News) - Abrdn Property Income Trust is to sell the vast majority of its portfolio to Travelodge's US owner GoldenTree Asset Management, it was confirmed on Friday.

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Europe midday: Stoxx, DAX hit new highs as China stimulus boosts sentiment

27th Sep 2024 11:37

(Sharecast News) - European shares powered to fresh intra-day highs on Friday after strong gains in Asia overnight on the back of Chinese stimulus measure to boost the world's second-biggest economy.

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ValiRx losses narrow in first half

27th Sep 2024 11:33

(Sharecast News) - ValiRx, a life science company focussed on cancer therapeutic development, reported a total comprehensive loss of £0.97m for the six months ended 30 June on Friday, narrowing from a loss of £1.04m in the same period last year.

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London midday: FTSE gains as China stocks enjoy best week since 2008

27th Sep 2024 11:32

(Sharecast News) - London stocks had extended gains by midday on Friday as Chinese markets enjoyed their best week since 2008 on the back of stimulus measures, and as investors eyed the release of the Federal Reserve's favourite gauge of inflation.

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Clean Power Hydrogen reports £2m loss as it moves to commercial phase

27th Sep 2024 11:28

(Sharecast News) - Clean Power Hydrogen, a UK-based green hydrogen technology company, reported a loss of £2.3m for the six months ended 30 June on Friday.

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4basebio losses widen as it progresses commercial development

27th Sep 2024 11:24

(Sharecast News) - 4basebio, a biotechnology company specialising in synthetic DNA products and nucleic acid delivery platforms, reported revenue of over £0.3m for the six months ended 30 June on Friday.

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Iofina inks deal to build new iodine production plant

27th Sep 2024 11:18

(Sharecast News) - Iofina announced an agreement to build a new iodine production plant, IO11, in Western Oklahoma on Friday.

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REA urges Rightmove board to engage with it over fourth offer

27th Sep 2024 11:12

(Sharecast News) - REA Group urged the board of Rightmove to engage with it on Friday, as it made a fourth non-binding proposal to acquire the company, valuing it at £6.2bn.

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FTSE 250 movers: Burberry gains on China boost

27th Sep 2024 10:58

(Sharecast News) - FTSE 250 (MCX) 21,145.04 0.64%

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Eurozone economic sentiment weakens in September

27th Sep 2024 10:39

(Sharecast News) - Confidence eased across the eurozone in September, an official survey released on Friday showed, as the bloc's economic recovery struggled to take hold.

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Mutares hits back after short-seller attack

27th Sep 2024 10:34

(Sharecast News) - German private equity firm Mutares responded on Friday to allegations made by short-seller Gotham City Research, insisting that discrepancies in its cash balances were down to a transcription error.

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Berenberg raises target price on DFS Furniture

27th Sep 2024 10:19

(Sharecast News) - Analysts at Berenberg slightly raised their target price on retailer DFS Furniture from 110.0p to 120.0p on Friday as it said the market share competition was "heating up".

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Haleon ups stake in China joint venture to 88%

27th Sep 2024 10:15

(Sharecast News) - Haleon said on Friday that it has agreed to buy an additional 33% interest in Tianjin TSKF Pharmaceutical - its joint venture in China - from its partners Tianjin Pharmaceutical Group (TPG) and Tianjin Pharmaceutical Da Ren Tang Group Corporation (DRTG) for RMB4,465m (circa£0.5bn).

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Eneraqua Technologies names John Samuel as CFO

27th Sep 2024 10:06

(Sharecast News) - Energy and water efficiency solutions provider Eneraqua has tapped John Samuel to take over as chief financial officer, effective 4 November.

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