News Archive
Asia report: Markets mixed as China keeps loan prime rates steady
20th Aug 2024 09:09
(Sharecast News) - Asia-Pacific markets finished with a mixed performance on Tuesday, following a strong rally on Wall Street overnight.
Read moreDiversified Energy acquires $69m package of East Texas gas assets
20th Aug 2024 09:00
(Sharecast News) - Diversified Energy announced a conditional agreement to acquire a package of natural gas assets in eastern Texas on Tuesday, for $69m.
Read moreDrax strikes £450m sustainability-linked RCF
20th Aug 2024 08:55
(Sharecast News) - Power generation business Drax said on Tuesday that it has struck a new sustainability-linked £450.0m revolving credit facility.
Read moreLondon open: Stocks fall as Shell, BP gush lower
20th Aug 2024 08:44
(Sharecast News) - London stocks fell in early trade on Tuesday, with energy issues in the red as oil prices declined.
Read moreSweden's Riksbank cuts rates by 25 basis points
20th Aug 2024 08:43
(Sharecast News) - Sweden's Riksbank cut its benchmark rate by 25 basis points on Tuesday to 3.5%, as widely expected.
Read moreGerman wholesale price deflation slows to 13-month low
20th Aug 2024 07:59
(Sharecast News) - Wholesale price deflation in Germany eased to its lowest level in 13 months in July, in line with economists' predictions.
Read moreWood Group swings to H1 operating loss but FY guidance maintained
20th Aug 2024 07:36
(Sharecast News) - Wood Group said on Tuesday that it swung to an operating loss in the first half as revenue fell, but the engineering firm backed its outlook for this year and the next.
Read moreLondon pre-open: Stocks seen down despite Wall St gains
20th Aug 2024 07:34
(Sharecast News) - London stocks were set to fall at the open on Tuesday despite a solid session on Wall Street.
Read moreEurope open: Stocks extend win streak as Sweden cuts rates
20th Aug 2024 07:33
(Sharecast News) - European stocks rose for the sixth straight day on Tuesday as the Stoxx 600 index inches closer to record-high levels as hopes increased that looser monetary policy will fuel more gains.
Read moreAntofagasta's first-half profits fall as expected
20th Aug 2024 07:32
(Sharecast News) - Copper miner Antofagasta reported a 7% drop in half-year profits as higher prices were offset by falling volumes and higher depreciation and amortisation, though the bottom line came in slightly ahead of market forecasts.
Read moreTuesday newspaper round-up: Missing yacht, City Airport, energy bills
20th Aug 2024 07:28
(Sharecast News) - Morgan Stanley International chairman Jonathan Bloomer is among those missing after a yacht carrying UK tech entrepreneur Mike Lynch sank off the coast of Sicily during a violent storm, an Italian official has said. Salvatore Cocina, head of the civil protection agency in Sicily, said Bloomer and Chris Morvillo, a lawyer at Clifford Chance, were among the six people missing. Lynch and his 18-year-old daughter, Hannah, were also unaccounted for as of late Monday. - Guardian
Read moreGSK lung cancer drug gets FDA breakthrough designation
20th Aug 2024 07:22
(Sharecast News) - Pharmaceutical giant GSK announced on Tuesday that the US Food and Drug Administration (FDA) has granted breakthrough therapy designation to its investigational drug, GSK5764227 (GSK'227), for the treatment of patients with extensive-stage small-cell lung cancer (ES-SCLC) who had experienced disease progression following platinum-based chemotherapy.
Read moreGran Tierra agrees £174m acquisition of i3 Energy
20th Aug 2024 07:21
(Sharecast News) - Gran Tierra Energy has agreed to acquire i3 Energy, it was announced on Tuesday morning, in a cash and share deal worth £174.1m.
Read moreWeir wins £53m contract at Barrick's Reko Diq project
20th Aug 2024 07:18
(Sharecast News) - Mining tech group Weir has been awarded a £53m contract on the Reko Diq copper-gold project in Pakistan, a greenfield development part-owned by Barrick Gold Corporation that is said to be one of the largest mines of its kind in the world.
Read moreUS close: Stocks extend gains as rate-cut expectations rise
19th Aug 2024 23:42
(Sharecast News) - US stocks delivered another day of gains on Monday, helped by dovish comments from a prominent Federal Reserve policymaker, as the S&P 500 and Nasdaq extended their winning streaks into the eight straight session.
Read more