News Archive
Broker tips: Ashtead, JTC
19th Sep 2024 09:36
(Sharecast News) - Analysts at Berenberg initiated coverage on industrial and speciality equipment rental group Ashtead with a 'buy' rating and 7,000.0p target price on Thursday, calling it the highest-quality company in the rentals sector.
Read moreS4 Capital maintains profit targets after tough first half
19th Sep 2024 09:34
(Sharecast News) - S4 Capital maintained its full-year profit targets in its interim results on Thursday, despite a significant drop in net revenue, as it warned of a bigger-than-expected fall in full year net revenue.
Read moreRBC Capital lifts price target on JTC after Citi Trust deal
19th Sep 2024 09:26
(Sharecast News) - RBC Capital Markets lifted its price target on JTC on Thursday as it updated its forecasts for the first-half results, forex and the Citi Trust acquisition, assuming it completes at the end of H125.
Read moreJames Fisher secures £95m of new bank facilities
19th Sep 2024 09:22
(Sharecast News) - Marine engineering services provider James Fisher & Sons said on Thursday that it has secured £95.0m of new bank facilities, providing it with increased flexibility to operate and reducing overall maintenance costs.
Read moreHill & Smith appoints Rutger Helbing as CEO
19th Sep 2024 08:41
(Sharecast News) - Hill & Smith said on Thursday that it has appointed Rutger Helbing as chief executive officer with immediate effect.
Read moreBank of England leaves interest rates on hold
19th Sep 2024 08:34
(Sharecast News) - The Bank of England left the cost of borrowing unchanged at 5% on Thursday, as widely expected, but hinted at further cuts to come.
Read moreSupreme organic revenue and profits grow in FY24
19th Sep 2024 08:03
(Sharecast News) - Consumer goods manufacturer Supreme said on Thursday that it had "traded strongly" across the year ended 31 March, delivering record organic revenue and profit growth and ending the year debt-free.
Read moreEurope open: Stoxx powers ahead after US rate cut; Next surges on upgrade
19th Sep 2024 07:59
(Sharecast News) - European stocks made a strong start on Thursday - up 1% - after the US Federal Reserve's hefty 50 basis point rate cut overnight.
Read moreLondon open: FTSE rallies after bumper US rate cut; BoE in focus
19th Sep 2024 07:55
(Sharecast News) - London stocks rallied in early trade on Thursday as investors mulled a bumper rate cut from the US Federal Reserve and eyed the latest policy announcement from the Bank of England.
Read moreBytes Technology hails strong first-half trading
19th Sep 2024 07:48
(Sharecast News) - Bytes Technology said on Wednesday that trading has remained strong since it updated the market at its annual meeting in July.
Read moreCapricorn Energy delivers upbeat outlook, keeps FY guidance
19th Sep 2024 07:48
(Sharecast News) - Capricorn Energy shares jumped on Thursday after the British oil and gas group impressed with its first-half results and reiterated its full-year production guidance.
Read moreBerenberg starts coverage of Ashtead at 'buy', shares jump
19th Sep 2024 07:34
(Sharecast News) - Berenberg initiated coverage of equipment rental firm Ashtead on Thursday with a 'buy' rating and 7,000p price target.
Read moreLondon pre-open: Stocks seen up as Fed cuts rate by 50 basis points; BoE eyed
19th Sep 2024 07:32
(Sharecast News) - London stocks were set to gain at the open on Thursday after the US Federal Reserve cut rates by 50 basis points and as investors eyed the latest policy announcement from the Bank of England.
Read moreClose Brothers reports solid full-year growth
19th Sep 2024 07:30
(Sharecast News) - Close Brothers announced an agreement to sell its wealth management subsidiary, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, for an equity value of up to £200m on Thursday, alongside a solid set of full-year results.
Read moreThursday newspaper round-up: Boeing, zero-hours contracts, voluntary insolvencies
19th Sep 2024 07:25
(Sharecast News) - Boeing's CEO said on Wednesday that the company would begin furloughing "a large number" of employees to conserve cash during the strike by union machinists that began last week. The chief executive, Kelly Ortberg, said the layoffs would be temporary and affect executives, managers and other employees. - Guardian
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