News Archive
Rosslyn Data Technologies FY losses better than feared, secures major client win
21st Aug 2024 08:03
(Sharecast News) - Cloud-based software provider Rosslyn Data Technologies revealed on Wednesday that it had secured a "major new client win" worth a minimum of £2.0m as it turned in better-than-expected FY24 underlying losses.
Read moreEurope open: Stoxx rebounds as investors await Fed minutes, Powell speech
21st Aug 2024 07:52
(Sharecast News) - European stocks rallied on Wednesday after closing in the red a day earlier and snapping a five-day run of gains as investors eyed the release of minutes from the US Federal Reserve for commentary on inflation and interest rate prospects.
Read moreJefferies upgrades Victrex to 'hold' on valuation
21st Aug 2024 07:43
(Sharecast News) - Jefferies upgraded Victrex on Wednesday to 'hold' from 'underperform' "purely" on valuation grounds.
Read moreLondon pre-open: Stocks seen up as investors mull borrowing data
21st Aug 2024 07:37
(Sharecast News) - London stocks were set to gain at the open on Wednesday as investors mulled the latest borrowing figures.
Read moreCostain unveils £10m buyback as first-half profits rise
21st Aug 2024 07:25
(Sharecast News) - Costain has announced a £10m share buyback programme as it reported higher profits for the first half on the back of improved margins and a better product mix.
Read moreWednesday newspaper round-up: Waitrose, McDonald's, Crown Agents
21st Aug 2024 07:20
(Sharecast News) - Waitrose is planning to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The upmarket grocery chain is planning to unveil a revamped outlet in Finchley Road, north London, on Wednesday. This will kick off a new phase of expansion with its first new store in six years in Hampton Hill, west London, by the end of this year. - Guardian
Read moreValue of Molten Ventures' holding in Revolut rises significantly
21st Aug 2024 07:18
(Sharecast News) - Molten Ventures, a prominent venture capital firm known for investing in high-growth digital technology companies, announced a substantial increase in the valuation of its holding in fintech company Revolut on Wednesday.
Read moreBarratt-Redrow merger one step closer to regulatory approval
21st Aug 2024 07:17
(Sharecast News) - The competition authority has announced that the allowances made by Barratt Developments and Redrow in order to pave way for regulatory approval may just be enough to get the green light.
Read moreUK borrowing higher than expected in July
21st Aug 2024 07:15
(Sharecast News) - Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics.
Read moreMobico starts US school bus sale as H1 profits jump
21st Aug 2024 07:07
(Sharecast News) - Mobico shares surged by a fifth on Wednesday after the public transport operator started the sale process for its North American school bus business to cut debt and reported a jump in adjusted interim operating profit driven by positive demand and cost cuts.
Read moreUS close: Rally loses steam as investors nervously await Powell speech
20th Aug 2024 22:50
(Sharecast News) - US stocks inched lower on Tuesday, bringing Wall Street's longest winning streak of 2024 to a close with investors taking profits after eight straight days of gains for the S&P 500 and Nasdaq.
Read moreUBS downgrades Segro, cites weaker outlook for logistics rental growth
20th Aug 2024 17:22
(Sharecast News) - UBS downgraded Segro on Tuesday to 'neutral' from 'buy' and cut the price target to 985p from 1,045p due to a weaker outlook for logistics rental growth.
Read moreEurope close: Investors take profits after five days of gains
20th Aug 2024 16:53
(Sharecast News) - After an initial positive start, European stock markets dropped into the red on Tuesday afternoon as the five-day winning streak for the Stoxx 600 came to an abrupt end ahead of a pivotal week for financial markets.
Read moreSector movers: Big Oil proves biggest drag amid demand concerns
20th Aug 2024 16:30
(Sharecast News) - Big Oil was the biggest drag on the FTSE 350 amid concern about global oil demand.
Read moreWednesday preview: Fed meeting minutes, UK public sector net borrowing in focus
20th Aug 2024 15:58
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