News Archive

BP Marsh flags strong half-year trading performance

17th Sep 2024 13:26

(Sharecast News) - Financial services investor BP Marsh announced a strong trading performance for the six months ended 31 July in an update on Tuesday.

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Broker tips: Auction Technology, Compass Group, THG

17th Sep 2024 13:14

(Sharecast News) - JPMorgan Cazenove upgraded Auction Technology on Tuesday to 'overweight' from neutral' as it argued the shares are overly discounting earnings risk into 2025.

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Guardian enters formal negotiations to sell Observer to Tortoise Media

17th Sep 2024 13:12

(Sharecast News) - The Guardian's parent company has confirmed speculation that it in discussions with Tortoise Media to sell The Observer, the world's oldest Sunday newspaper.

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Fintel FY EBITDA seen 'marginally lower' due to additional staff costs

17th Sep 2024 12:43

(Sharecast News) - Fintel warned on Tuesday that full-year earnings would likely be "marginally" lower than expected due to additional staff costs in the second half.

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Jefferies cuts targets for THG, but stays upbeat on long-term potential

17th Sep 2024 11:43

(Sharecast News) - Jefferies has cut its target price for ecommerce group THG on the back of weaker-than-expected numbers for its Nutrition business, but said it was encouraged by improving momentum within the division going into the second half.

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US retail sales unexpectedly inch higher

17th Sep 2024 11:39

(Sharecast News) - Retail sales unexpectedly rose in August, though growth was only minor suggesting that consumers remained cautious about spending in light of tough economic conditions.

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Learning Technologies revenue falls, earnings rise in first half

17th Sep 2024 11:25

(Sharecast News) - Digital learning and talent management specialist Learning Technologies Group said in its half-year results on Tuesday that despite a subdued macroeconomic backdrop affecting overall spending on learning and talent development, it recorded healthy profit growth and strong cash generation.

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Revenue rises but losses widen for Comptoir Group

17th Sep 2024 11:14

(Sharecast News) - Comptoir Group, the owner and operator of Lebanese, Middle Eastern, and North African-inspired restaurants, reported a 7.4% increase in group revenue in its interim results on Tuesday, reaching £15.9m, compared to £14.8m in the same period last year.

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German investor sentiment deteriorates more than expected - ZEW

17th Sep 2024 11:11

(Sharecast News) - German business sentiment deteriorated more than expected in September, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.

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London midday: Stocks maintain gains ahead of Fed; Kingfisher rallies

17th Sep 2024 11:04

(Sharecast News) - London stocks were still firmly in the black by midday on Tuesday as investors eyed the start of the Federal Reserve's two-day policy meeting and an expected rate cut.

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Next 15 reports flat revenue in tough first half

17th Sep 2024 11:01

(Sharecast News) - Next 15 Group, a tech and data-driven growth consultancy, reported flat group net revenue in its first half on Tuesday, at £286.8m, with statutory revenue unchanged at £364.1m.

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Henry Boot confident despite fall in first-half profits

17th Sep 2024 10:54

(Sharecast News) - Henry Boot, a UK-based company specialising in land promotion, property investment and development, and construction, reported strong land and property sales in its interim results on Tuesday, although its profitability declined.

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Europe midday: Stoxx shrugs off German ZEW result with all eyes on Fed

17th Sep 2024 10:50

(Sharecast News) - European shares extended gains at midday on Tuesday, shrugging off a poor German business sentiment survey as investors looked ahead to the US Federal Reserve for a rate cut this week.

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McBride beats own forecasts with full-year profit growth

17th Sep 2024 10:42

(Sharecast News) - Cleaning goods maker McBride delivered full-year profits slightly ahead of market forecasts on Tuesday and said it remains on track to hit estimates this year on the back of a recovery in the contract manufacturing business.

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Asia report: Markets mixed as investors look to Fed meeting

17th Sep 2024 10:41

(Sharecast News) - Asia-Pacific stock markets delivered a mixed performance on Tuesday, with Japan's Nikkei 225 leading declines amid a strengthening yen.

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