News Archive

China Caixin manufacturing PMI deteriorates in July

1st Aug 2024 08:02

(Sharecast News) - Activity in China's manufacturing sector deteriorated more than expected in July, according to data released on Thursday.

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Wizz Air lowers FY guidance, Q1 profits disappoint

1st Aug 2024 07:59

(Sharecast News) - Low-cost carrier Wizz Air slashed full-year guidance on Thursday as it revealed Q1 profits had nearly halved.

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Shell Q2 earnings beat expectations, $3.5bn share buyback launched

1st Aug 2024 07:54

(Sharecast News) - Oil giant Shell reported better-than-expected earnings for the second quarter on Thursday as it announced a $3.5bn share buyback.

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UK annual house price growth fastest since December 2022 - Nationwide

1st Aug 2024 07:43

(Sharecast News) - UK house prices rose in July at the fastest annual rate since December 2022, according to data released by Nationwide on Thursday.

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London pre-open: Stocks seen up ahead of BoE announcement

1st Aug 2024 07:34

(Sharecast News) - London stocks were set to rise at the open on Thursday following strong gains on Wall Street after Fed chair Jerome Powell put a September rate cut on the table, and as investors eyed an expected rate cut from the Bank of England later in the day.

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Thursday newspaper round-up: Meta, Mohsin Issa, Arm Holdings

1st Aug 2024 07:23

(Sharecast News) - Meta's shares rose in after-hours trading on Wednesday off the back of a strong earnings report that comes as the company is spending heavily on AI tools. The company's stock price grew around 5% following the report, which revealed the company outperformed analysts' expectations for its second quarter. Meta, which owns Facebook, Instagram and WhatsApp, reported $39.07bn in revenue and $5.16 earnings per share. Both results outpaced market predictions of around $38bn in revenue and $4.7 per share, while the company also reported $8.47bn in capital expenditures - lower than analysts expected. - Guardian

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Next raises profit guidance after strong first half

1st Aug 2024 07:18

(Sharecast News) - Next raised its profit guidance for the full year by £20m to £980m on Thursday, representing a 6.7% increase compared to last year, following a robust sales performance in the first half.

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UK retail footfall drops further in July

1st Aug 2024 07:17

(Sharecast News) - Retail footfall fell across the UK in July, according to fresh data released on Friday, with overall numbers dropping by 3.3% compared to the same period last year.

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Pets at Home maintains FY guidance, hails 'resilient' start to year

1st Aug 2024 07:14

(Sharecast News) - Pets at Home maintained its full-year guidance on Thursday as it hailed a "resilient" start to the year.

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Sector movers: FTSE 350 outperforms as miners and oil stocks gain

1st Aug 2024 06:38

(Sharecast News) - Gains for industrial miners and oil stocks saw the FTSE 350 outperform its counterparts on the Continent on Wednesday.

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Europe close: Italian and Spanish issues drag

31st Jul 2024 18:23

(Sharecast News) - European shares ended Wednesday's session on a mixed note as investors digested an unexpected rise in eurozone inflation and looked ahead to rate decisions from the US and UK amid another dump of corporate earnings.

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Broker tips: Diageo, LondonMetric, Spectris

31st Jul 2024 16:02

(Sharecast News) - Diageo's stock was attempting a rebound on Wednesday after a sell-off the previous session as its full-year results disappointed, but that didn't stop Citi from reiterating its 'buy' recommendation on the stock.

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Director dealings: Hercules Site Services CFO snaps up shares

31st Jul 2024 15:46

(Sharecast News) - Hercules Site Services revealed on Wednesday that chief financial officer Paul Wheatcroft had acquired 24,000 ordinary shares in the AIM-listed tech-enabled labour supplier to the UK infrastructure sector.

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FTSE 100 movers: Miners rally on higher copper prices; GSK in the red

31st Jul 2024 15:26

(Sharecast News) - London's FTSE 100 was up 1% at 8,355.83 in afternoon trade on Wednesday.

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London close: Stocks finish higher as miners pace gains

31st Jul 2024 15:04

(Sharecast News) - London's stock markets ended the day with strong gains on Wednesday, driven by robust performances in the mining and energy sectors.

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