News Archive
Jefferies upgrades Admiral to 'hold'
22nd Aug 2024 09:47
(Sharecast News) - Jefferies upgraded Admiral on Thursday to 'hold' from 'underperform' and lifted the price target to 3,025p from 2,300p as it upped its earnings per share forecasts.
Read moreS&P Global upgrades credit rating for Rolls-Royce
22nd Aug 2024 09:29
(Sharecast News) - Credit ratings agency S&P Global has upgraded its view on aerospace engineer Rolls-Royce by one notch on the back of the group's rising profitability, strong cash generation and deleveraging.
Read moreDeutsche Bank reaches settlement with more than half of Postbank claimants
22nd Aug 2024 09:21
(Sharecast News) - German lender Deutsche Bank has reached settlements with over half of claimants in its more than a decade-long Postbank litigation and now expects to report a €430.0m boost to Q3 pre-tax profits.
Read moreBerenberg hikes target price on Derwent London
22nd Aug 2024 09:20
(Sharecast News) - Analysts at Berenberg raised their target price on property investment and development business Derwent London from 2,494.0p to 2,700.0p on Thursday, stating the group's improving outlook should drive performance.
Read moreAsia report: Markets mixed as Bank of Korea holds rates
22nd Aug 2024 09:02
(Sharecast News) - Asia-Pacific markets experienced modest gains on Thursday as investors analysed regional business activity reports and the latest Federal Reserve minutes.
Read moreIthica Energy earnings slide amid production decrease
22nd Aug 2024 09:02
(Sharecast News) - Exploration and production company Ithaca Energy said in its half-year results on Thursday that amid a decrease in production, it achieved adjusted EBITDAX of $533m, down from $979.7m in the first half of last year.
Read moreOlympics deliver unexpected boost to euro area PMIs in August
22nd Aug 2024 08:54
(Sharecast News) - Economic activity in the euro area picked up unexpectedly last month, mainly due to the boost from the Olympics, the results of a closely followed survey revealed.
Read moreFriday preview: BoE and BoJ governors, Fed's Powell in focus
22nd Aug 2024 08:47
(Sharecast News) - Investors' focus at the end of the week will be on the Jackson Hole Economic Symposium, with the governors of the Bank of England, Bank of Japan and the President of the US Federal Reserve due to deliver speeches.
Read moreLondon open: Stocks gain as investors eye Powell speech
22nd Aug 2024 08:27
(Sharecast News) - London stocks rose in early trade on Thursday, taking their cue from a positive session on Wall Street, as investors eyed a speech by Federal Reserve chair Jerome Powell.
Read moreHays full-year profits drop amid 'clear slowdown'
22nd Aug 2024 08:19
(Sharecast News) - Recruiter Hays posted a decline in full-year profit on Thursday as it highlighted "a clear slowdown" in challenging markets.
Read moreUK consumer confidence holds steady, but personal finance expectations
22nd Aug 2024 08:07
(Sharecast News) - Consumer confidence in the UK remained stable in August, according to a closely watched GfK survey, as improving sentiment towards personal finances was offset by the first fall in economic expectations in six months.
Read moreEbiquity H1 revenue down, warns on FY profits
22nd Aug 2024 08:03
(Sharecast News) - Marketing and media consultancy Ebiquity said on Thursday that both revenue and adjusted underlying earnings had fallen in the six months ended 30 June, leading it to warn on FY profits.
Read moreEurope open: Stocks rise despite weak German data
22nd Aug 2024 07:41
(Sharecast News) - European stock markets advanced on Thursday morning, taking their cues from Wall Street and Asian indices overnight, despite weakening economic data from the continent's economic powerhouse Germany.
Read moreLondon pre-open: Stocks to edge down as investors eye Jackson Hole
22nd Aug 2024 07:29
(Sharecast News) - London stocks were set to edge lower on Thursday ahead of an eagerly-awaited speech by Federal Reserve chair Jerome Powell.
Read moreThursday newspaper round-up: Asda, Post Office, M&S, Frasers Group
22nd Aug 2024 07:21
(Sharecast News) - The owners of Asda are facing mounting pressure after figures showed the struggling supermarket chain's share of the grocery market reached a "new nadir" as sales fell sharply this summer. The grocer's sales fell 6.4% in the three months to 10 August, equivalent to more than £2bn in annual lost revenues, as it became the only member of the traditional "big four" supermarkets to see sales shrink, according to analysts at NIQ. - Guardian
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