News Archive
CMA clears Microsoft acquisition of Inflection AI assets
4th Sep 2024 14:17
(Sharecast News) - The Competition and Markets Authority (CMA) has approved Microsoft's acquisition of key personnel and intellectual property from Inflection AI, it announced on Wednesday, determining that the deal does not significantly impact competition in the artificial intelligence (AI) market.
Read moreNordstrom gets $23 a share buyout proposal from family founders, Liverpool
4th Sep 2024 14:14
(Sharecast News) - Nordstrom confirmed on Wednesday that it has received a buyout proposal from members of the Nordstrom family and Mexican retailer El Puerto de Liverpool (Liverpool) at $23 per share.
Read moreUS trade deficit yawns wider in July amid jump in technology imports
4th Sep 2024 14:08
(Sharecast News) - America's shortfall on trade with the rest of the world worsened as expected in July as outlays on imports surged.
Read moreStifel downgrades DS Smith to 'hold' from 'buy'
4th Sep 2024 13:54
(Sharecast News) - Stifel downgraded DS Smith on Wednesday to 'hold' from 'buy' and cut the price target to 480p from 498p as it said the company's near-term earnings are under pressure.
Read moreUS job openings fall short of forecasts in July, but hiring and quits rise
4th Sep 2024 13:47
(Sharecast News) - The number of open job positions in the US slipped in July, but Americans were a tad more confident when it came to risking trying to change employers.
Read moreThursday preview: US services data, Ashmore Group in focus
4th Sep 2024 13:46
(Sharecast News) - Investors' focus on Thursday will be on the US services sector.
Read moreUK regulator mulling cut to fraud refund cap after industry pressure
4th Sep 2024 13:02
(Sharecast News) - The UK's payments regulator has proposed slashing the maximum amount banks and fintechs would have to reimburse fraud victims after industry pressure to review the cap.
Read moreFCA encourages account providers to do more to support vulnerable customers
4th Sep 2024 12:34
(Sharecast News) - Financial watchdog The Financial Conduct Authority has encouraged account providers to do more to support those who want a bank account but don't have one, such as working with homeless charities to tailor their support to the needs of customers in vulnerable circumstances.
Read moreJames Cropper reports positive start to new financial year
4th Sep 2024 11:24
(Sharecast News) - Advanced materials and paper and packing company James Cropper updated the market on its recent trading on Wednesday, reporting a positive start to the financial year, recovering from the challenging market conditions experienced in the latter half of the 2024 period.
Read moreEurope midday: Recession fears hammer sentiment; EZ services grow again
4th Sep 2024 11:14
(Sharecast News) - European shares were down sharply on Wednesday as worries about growth in the US and China dampened sentiment after weak data prints overnight.
Read moreLondon midday: Stocks stay down on US recession fears; UK data upbeat
4th Sep 2024 11:13
(Sharecast News) - London stocks were still weaker by midday on Wednesday as poor US manufacturing data reignited fears about the country's economy, while heavy falls for Nvidia also weighed on sentiment.
Read moreUS pre-open: Futures trade lower following heavy losses in previous session
4th Sep 2024 10:56
(Sharecast News) - Wall Street futures were in the red again ahead of the bell on Wednesday as re-emerging recession fears led to heavy losses in the previous session.
Read moreUK business activity picks up at fastest pace since April
4th Sep 2024 10:48
(Sharecast News) - Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday.
Read moreRevenue rises, net profit falls for Gulf Marine Services
4th Sep 2024 10:44
(Sharecast News) - Gulf Marine Services has reported a 9% increase in revenue for the first half on Wednesday, reaching $80.7m, driven by higher demand for its S-Class vessels and improved fleet day rates.
Read moreAsia report: Markets fall on fresh US economic jitters
4th Sep 2024 10:17
(Sharecast News) - Asia-Pacific markets fell sharply on Wednesday, driven by Japan's worst single-day drop since early August amid growing recession fears following a sell-off in US tech stocks overnight, as well as weak US economic data.
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