News Archive
THG announces plans to demerge Ingenuity arm as H1 results underwhelm
17th Sep 2024 07:59
(Sharecast News) - Ecommerce group THG announced plans on Tuesday to break up its business, demerging its tech platform Ingenuity into a separate entity and transfer its listing so the remaining company can be included in FTSE benchmarks.
Read moreIP Group NAV falls but sees investor appetite for portfolio
17th Sep 2024 07:51
(Sharecast News) - Life sciences investor IP Group reported a wider half-year loss and lower net asset value against what it called a "challenging" economic backdrop but said there were signs that conditions were improving with increase "appetite" for its portfolio.
Read morePlaytech to sell Italian business to Flutter for €2.3bn
17th Sep 2024 07:47
(Sharecast News) - Gambling technology firm Playtech said on Tuesday that it has agreed to sell its Italian business, Snaitech, to Paddy Power owner Flutter Entertainment for €2.3bn in cash.
Read morePetershill Partners unveils special divi as first-half profits rise
17th Sep 2024 07:31
(Sharecast News) - Private equity group Petershill Partners has reiterated its guidance for 2024 after a solid first half, with double-digit growth in partner fee-related earnings and assets under management, as it announced a special dividend following a recent disposal.
Read moreLondon pre-open: Stocks to rally ahead of Fed meeting
17th Sep 2024 07:30
(Sharecast News) - London stocks were set to jump at the open on Tuesday following a flat close in the previous session, as investors eyed the start of the Federal Reserve's two-day policy meeting.
Read moreRBC Capital downgrades Compass to 'sector perform'
17th Sep 2024 07:27
(Sharecast News) - RBC Capital Markets downgraded Compass Group on Tuesday to 'sector perform' from 'outperform' as shares are now trading ahead of its unchanged price target of 2,400p.
Read moreBAT makes leadership changes as part of 'tobacco harm reduction' focus
17th Sep 2024 07:24
(Sharecast News) - British American Tobacco (BAT) announced a number of leadership changes on Tuesday, aimed at accelerating its strategy to build a smokeless future and enhance sustainability.
Read moreTuesday newspaper round-up: Airbus, Boden, Amazon
17th Sep 2024 07:22
(Sharecast News) - Alison Rose, the former chief executive of NatWest, has taken a job as an adviser to one of the UK's top law firms as she tries to return to the City after a career-damaging row with Nigel Farage last year. Rose is joining Mishcon de Reya as a diversity and inclusion adviser, a role that will involve mentoring some of the firm's partners. She will also work closely with the equity, diversity and inclusion committee at the firm, which is known for having represented Diana, Princess of Wales during her divorce. - Guardian
Read moreTuesday newspaper round-up: Airbus, Boden, Amazon
17th Sep 2024 07:22
(Sharecast News) - Alison Rose, the former chief executive of NatWest, has taken a job as an adviser to one of the UK's top law firms as she tries to return to the City after a career-damaging row with Nigel Farage last year. Rose is joining Mishcon de Reya as a diversity and inclusion adviser, a role that will involve mentoring some of the firm's partners. She will also work closely with the equity, diversity and inclusion committee at the firm, which is known for having represented Diana, Princess of Wales during her divorce. - Guardian
Read moreHeadlam swings to first-half loss, pushes recovery outlook back
17th Sep 2024 07:19
(Sharecast News) - Floorcoverings distributor Headlam Group reported an underlying operating loss of £13.1m for the first half on Tuesday, swinging from an £8.2m profit in the same period last year.
Read moreJapan to review GSK's Blenrep drug application
17th Sep 2024 07:12
(Sharecast News) - Japan's health ministry has accepted for review a new drug application (NDA) for GSK's Blenrep blood cancer treatment, marking the third major regulatory filing acceptance for the drug.
Read moreKingfisher tightens FY profit range as interim earnings rise
17th Sep 2024 07:02
(Sharecast News) - Shares in Kingfisher surged on Tuesday as the B&Q owner lifted the lower end of full year profit guidance despite consumers avoiding 'big ticket' items and a sharp fall in sales at its French outlets.
Read moreUS close: Dow hits new record, but markets subdued ahead of Fed
16th Sep 2024 19:49
(Sharecast News) - Stocks put in a mixed performance on Monday, with the Nasdaq falling into the red but the Dow reaching a new all-time high, though gains were modest as investors adopted a cautious approach ahead of a pivotal Federal Reserve meeting on Wednesday.
Read moreTuesday preview: US retail sales, Kingfisher in focus
16th Sep 2024 16:20
(Sharecast News) - Investors' focus on Tuesday will be on the latest industrial production and retail sales numbers out of the US.
Read moreEurope close: Stocks slip as global markets await Fed decision
16th Sep 2024 16:06
(Sharecast News) - European stock markets opened the new week with small losses as investors scaled back their appetite for risk ahead of an anticipated rate cut from the Federal Reserve.
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