News Archive
Lord Saatchi's bid for the Telegraph rejected by RedBird IMI
8th Aug 2024 10:50
(Sharecast News) - Ex-ad tycoon Lord Maurice Saatchi's bid to acquire the Telegraph has been rejected, it emerged on Thursday, with his offer of £350m failing to progress to the second round of the auction process.
Read moreUS pre-open: Futures mostly lower amid resurgent recession fears
8th Aug 2024 10:38
(Sharecast News) - Wall Street futures were mostly lower ahead of the opening bell on Thursday as fears that the US economy may be headed for a recession reappeared.
Read moreDeadline for Bellway to make firm Crest Nicholson offer extended
8th Aug 2024 10:34
(Sharecast News) - The deadline for Bellway's potential acquisition of Crest Nicholson has been extended, the two companies announced on Thursday, allowing more time for due diligence and negotiation.
Read moreBerenberg lowers target price on Endeavour Mining
8th Aug 2024 10:25
(Sharecast News) - Analysts at Berenberg lowered their target price on gold miner Endeavour Mining from 2,500.0p to 2,100.0p on Thursday as they rebased their estimates on the stock.
Read moreAsia report: Markets mixed as global recovery stalls
8th Aug 2024 10:09
(Sharecast News) - Asia-Pacific markets experienced a day of mixed performance on Thursday, reflecting cautious investor sentiment after overnight declines on Wall Street.
Read moreAllianz beefs up buyback plan after record first half
8th Aug 2024 10:02
(Sharecast News) - German insurance and asset management titan Allianz has expanded its share buyback plan this year by 50% after announcing record profits in the first half.
Read moreDerwent London upgrades rental guidance after strong half-year
8th Aug 2024 09:58
(Sharecast News) - Derwent London reported a strong first-half rental income performance on Thursday, leading to an upgrade to its rental growth guidance.
Read moreMears H1 revenues grow, raises FY guidance
8th Aug 2024 09:40
(Sharecast News) - Housing and social care provider Mears raised its full-year guidance on Thursday after it revealed the UK Ministry of Defence had extended certain key contracts.
Read moreCiti renews coverage on Glencore at 'buy'
8th Aug 2024 09:38
(Sharecast News) - Citi said on Thursday that it was renewing coverage on Glencore with a 'buy' rating and 530p price target, having previously suspended its rating.
Read moreLancashire's first-half profits jump 26%
8th Aug 2024 09:33
(Sharecast News) - Bermuda-based Lancashire Holdings saw profits rise by 26% in the first six months of 2024 as the non-life insurance group delivered its best-ever half-year performance.
Read moreTT Electronics makes 'good progress' on Project Dynamo in H1
8th Aug 2024 09:29
(Sharecast News) - Electronic components manufacturer TT Electronics said on Thursday that it has made "good progress" in the early stages of Project Dynamo, its programme to unlock value and drive financial and operational improvements across the board.
Read moreIP Group increases buyback programme by £10m
8th Aug 2024 09:18
(Sharecast News) - Intellectual property business IP Group said on Thursday that it would increase its current share buyback programme as a result of cash proceeds from H1 exits coming in ahead of the prior year.
Read moreHelios Towers shares slide despite strong first half
8th Aug 2024 09:07
(Sharecast News) - Helios Towers announced a strong set of first-half results on Thursday, with upgraded full-year guidance, but its share price was well below the waterline as investors reacted to a fall in quarterly profit.
Read moreTi Fluid Systems posts H1 profit beat, reaffirms FY margin guidance
8th Aug 2024 09:04
(Sharecast News) - Automotive components manufacturer TI Fluid Systems posted interim profits that came in ahead of expectations on Thursday and said it was confident that adjusted underlying earnings margins would continue to expand throughout FY24.
Read moreUK housing market picks up as mortgage rate fall, RICS survey shows
8th Aug 2024 09:04
(Sharecast News) - The UK house sales market turned a "bit sunnier" last month, according to the latest UK Residential Survey by the Royal Institution of Chartered Surveyors (RICS), with near-term sales expectations now at their strongest in four and a half years.
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