News Archive

London close: Stocks slip ahead of much-awaited Fed decision

18th Sep 2024 15:03

(Sharecast News) - London's stock markets closed lower on Wednesday, as investors digested the latest UK inflation figures and looked ahead to the US Federal Reserve's policy announcement later in the day.

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Guardian Metal announces Pilot Mountain assay results

18th Sep 2024 14:23

(Sharecast News) - Guardian Metal announced significant assay results from the first diamond core drill hole of its ongoing exploration campaign at the Pilot Mountain Project in Nevada on Wednesday.

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FTSE 100 movers: IHG boosted by upgrade; L&G in the red

18th Sep 2024 14:22

(Sharecast News) - London's FTSE 100 was down 0.6% at 8,257.76 in afternoon trade on Wednesday.

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FTSE 250 movers: Cussons slumps on downbeat results; Wizz Air up again

18th Sep 2024 14:13

(Sharecast News) - FTSE 250 (MCX) 20,871.59 -0.35%

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US housing starts surge in August

18th Sep 2024 13:47

(Sharecast News) - US housing starts surged 9.6% month-on-month in August to an annualised rate of 1.35m, according to the Census Bureau, beating market expectations for a reading of 1.31m.

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GSK settles two Zantac cases in California

18th Sep 2024 13:30

(Sharecast News) - GSK announced on Wednesday that it has reached confidential settlements in two lawsuits filed in California State Court related to its discontinued heartburn medication, 'Zantac', or ranitidine.

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Goldman upgrades InterContinental Hotels, downgrades Whitbread

18th Sep 2024 13:29

(Sharecast News) - Goldman Sachs upgraded InterContinental Hotels to 'buy' from 'neutral' on Wednesday and cut Premier Inn owner Whitbread to 'neutral' from 'buy' as it reshuffled its European-listed hotel ratings.

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General Mills underwhelms with Q1 results as profits fall

18th Sep 2024 12:54

(Sharecast News) - Shares in General Mills were falling in pre-market trade on Wednesday despite the American processed foods giant reiterating its full-year targets, as the company reported a decline in sales and profits in its first quarter.

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ValiRx subsidiary inks agreement with research firm Xenopat

18th Sep 2024 12:48

(Sharecast News) - London-based life science company ValiRx has announced that its wholly-owned subsidiary, Inaphaea BioLabs, has entered into an evaluation and commercial use agreement with Spanish contract research organisation Xenopat.

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TGI Fridays franchise owner Hostmore to call in administrators

18th Sep 2024 12:47

(Sharecast News) - Hostmore, which owns the UK franchise of TGI Fridays, said on Wednesday that it was filing for administration.

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Meyer Burger to slash workforce, shares fall

18th Sep 2024 12:37

(Sharecast News) - Shares in Meyer Burger fell sharply on Wednesday after the solar panel manufacturer announced plans to axe around a fifth of its workforce and shake up management, including replacing its chief executive.

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Post Office boss Nick Read to step down next year

18th Sep 2024 12:31

(Sharecast News) - The chief executive officer of Post Office, Nick Read, is to step down after five years on the job, the state-owned postal company announced on Wednesday.

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Software Circle makes several board changes

18th Sep 2024 12:10

(Sharecast News) - Software Circle announced significant changes to its board of directors on Wednesday, as it held its annual general meeting in Manchester.

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Arkle Resources reports progress across Botswana, Zimbabwe

18th Sep 2024 12:01

(Sharecast News) - Arkle Resources announced progress in its lithium exploration activities across Botswana and Zimbabwe in an update on Wednesday.

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Intercede locks in further contract orders and renewals

18th Sep 2024 11:55

(Sharecast News) - Cybersecurity firm Intercede said on Wednesday that it has locked in further contract orders and renewals of more than $1.3m in value.

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