News Archive
Sunday newspaper round-up: TalkTalk, Apple, Andrew Bailey
4th Aug 2024 13:01
(Sharecast News) - Contacts between TalkTalk and Macquarie aimed at a £450m investment by the latter in its wholesale unit, known as PlatformX, have run into a wall. The news comes as TalkTalk races to refinance its £1bn debt pile in August, which is comprised of a £330m revolving credit facility maturing in November and a £685m loan falling due in February. TalkTalk was set to be seeking a £1.5bn valuation and Sky News reported that Macquarie wanted a 40% stake in PlatformX. The Australian investment bank was still interested but talks had stalled. TalkTalk founder Sir Charles Dunstone was scheduled to meet with banks and bondholders on Monday. - The Sunday Times
Read moreUS close: Stocks sharply lower for second-straight session
2nd Aug 2024 22:39
(Sharecast News) - Wall Street stocks closed sharply on Friday amid resurgent fears of a potentially oncoming recession.
Read moreSector movers: UK stocks caught up in volatility storm
2nd Aug 2024 15:45
(Sharecast News) - UK stocks ended the week on a down note as a volatility storm hit equities around the world after another softer-than-expected reading on America's labour market.
Read moreEurope close: Another soft US jobs report stokes volatility and losses
2nd Aug 2024 15:44
(Sharecast News) - European equities extended the previous session's sharp falls as another weak reading on US non-farm payrolls sparked talk - rightly or wrongly - of a 'policy error' by that country's central bank.
Read moreBroker tips: ITM Power, Coats Group, Ryanair
2nd Aug 2024 15:44
(Sharecast News) - RBC Capital Markets reiterated its 'outperform' rating on ITM Power on Friday as it pointed to a "relatively attractive" risk/reward profile.
Read moreIberdrola to buy 88% stake in Electricity North West for £2.1bn
2nd Aug 2024 15:41
(Sharecast News) - Iberdrola said on Friday that it has agreed to buy an 88% stake in Electricity North West (ENW) in the UK for £2.1bn.
Read moreDirector dealings: Robert Walters chair raises stake
2nd Aug 2024 15:35
(Sharecast News) - Robert Walters revealed on Friday that chairman Leslie van de Walle had acquired 25,000 ordinary shares in the London-listed recruitment firm.
Read moreLondon close: Stocks join global slide on fears of US recession
2nd Aug 2024 14:57
(Sharecast News) - London stocks closed in negative territory on Friday as investors reacted to a weaker-than-expected non-farm payrolls report from the United States, indicating a sharp slowdown in hiring last month.
Read moreSkinBioTherapeutics secures £1.56m from new investors
2nd Aug 2024 14:57
(Sharecast News) - SkinBioTherapeutics announced on Friday that it has secured an investment of £1.56m on Friday, removing any uncertainty around its medium-term financing.
Read moreBoE's Pill argues against too quick pace of rate cuts
2nd Aug 2024 14:39
(Sharecast News) - The Bank of England's chief economist cautioned against expectations for a quick a pace of interest rate cuts.
Read moreWeek ahead: China foreign trade and inflation data, services PMIs in focus
2nd Aug 2024 14:38
(Sharecast News) - The market spotlight over the coming week will shift to Asia.
Read moreFTSE 250 movers: NCC surges on Fox Crypto sale; Tech trusts slump
2nd Aug 2024 14:14
(Sharecast News) - FTSE 250 (MCX) 20,975.87 -2.25%
Read moreFTSE 100 movers: IAG flies higher after results; GSK in the black
2nd Aug 2024 14:01
(Sharecast News) - London's FTSE 100 was down 1.3% at 8,178.75 in afternoon trade on Friday.
Read moreUS open: Stocks sharply lower as recession fears resurface
2nd Aug 2024 13:48
(Sharecast News) - Wall Street stocks were firmly in the red at the opening bell on Friday amid resurgent fears of a potentially oncoming recession.
Read moreUS non-farm payrolls rise by 114,000 in July
2nd Aug 2024 13:20
(Sharecast News) - Hiring in the US slowed abruptly last month, prompting talk in markets of 'policy mistakes' by the Fed and of a 'growth scare'.
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