News Archive
US private sector employment rises less than expected
31st Jul 2024 07:24
(Sharecast News) - Private sector employment in the US rose less than expected in July, according to figures released on Wednesday by ADP.
Read moreTaylor Wimpey's H1 profits drop 21% as costs rise, pricing falls
31st Jul 2024 07:22
(Sharecast News) - UK housebuilder Taylor Wimpey saw profits fall by more than a fifth in the first half as residual build cost inflation and weaker pricing hit margins, but said it now expects full-year completions to be at the top end of guidance after a solid operational performance.
Read moreWednesday newspaper round-up: Workplace sickness, Google-Anthropic, Carpetright
31st Jul 2024 07:22
(Sharecast News) - The hidden cost of rising workplace sickness in the UK has increased to more than £100bn a year, largely caused by a loss of productivity amid "staggering" levels of presenteeism, a report warns. Analysis by the Institute for Public Policy Research (IPPR) shows the cost of staff sickness has grown by £30bn a year to £103bn in 2023. The annual bill was £73bn in 2018, its study found. - Guardian
Read moreBank of Japan lifts rates to 0.25%
31st Jul 2024 07:22
(Sharecast News) - Japan's central bank increased the cost of borrowing for only the second time in 17 years as it tried to tighten monetary policy in the world's fourth-largest economy.
Read moreRio Tinto maintains dividned after stable first half
31st Jul 2024 07:16
(Sharecast News) - Rio Tinto reported underlying EBITDA of $12.1bn for its first half on Wednesday, making for a modest 3% increase from the same period in 2023.
Read moreInternational Personal Finance upgrades expectations, launches buyback
31st Jul 2024 07:15
(Sharecast News) - International Personal Finance (IPF) announced a solid set of first-half results on Wednesday, upgrading its full-year expectations after a significant increase in profits, alongside a new share buyback programme aimed at enhancing shareholder value.
Read moreHSBC unveils $3bn buyback as profits surge in CEO Quinn's final results
31st Jul 2024 07:04
(Sharecast News) - HSBC on Wednesday said it would start a $3bn share buyback after the Asia-focused bank reported estimate-busting interim profits in its final set of results under chief executive Noel Quinn.
Read moreUS close: Stocks mixed amid barrage of earnings, data
30th Jul 2024 21:29
(Sharecast News) - US stocks were mixed on Tuesday, with the Dow rising but the S&P 500 and Nasdaq firmly in the red, as investors digested a barrage of corporate earnings as the Federal Reserve kicked off its two-day policy meeting.
Read moreWednesday preview: US Fed, HSBC in the spotlight
30th Jul 2024 19:36
(Sharecast News) - Trading was likely to remain restrained on Wednesday as investors waited on the Federal Reserve's policy announcement after the close of London markets.
Read moreEurope close: Stocks mostly higher after strong GDP data
30th Jul 2024 16:42
(Sharecast News) - Stronger-than-expected economic growth across the eurozone helped propel stock markets higher on Tuesday, with most major indices across Europe making gains.
Read moreDeutsche Bank downgrades Man Group to 'hold'
30th Jul 2024 15:44
(Sharecast News) - Deutsche Bank downgraded Man Group on Tuesday to 'hold' from 'buy' and cut the price target to 280p from 325p.
Read moreBroker tips: Flutter Entertainment, Howden Joinery, Hochschild Mining, Man Group
30th Jul 2024 15:41
(Sharecast News) - Citi opened a 30-day "positive catalyst watch" on shares of Flutter Entertainment on Tuesday ahead of its results on 13 August.
Read moreDirector dealings: Franchise Brands director raises stake
30th Jul 2024 15:35
(Sharecast News) - Franchise Brands revealed on Tuesday that senior independent non-executive director Peter Kear had acquired 57,500 ordinary shares in the AIM-listed multi-brand franchisor.
Read moreGerman inflation unexpectedly accelerates in July
30th Jul 2024 15:33
(Sharecast News) - Price pressures in Germany surprised to the upside in July, with the annual rate of inflation unexpectedly rising from June's multi-year low, according to data from the Federal Statistical Office.
Read moreLondon close: Stocks mixed after barrage of corporate updates
30th Jul 2024 15:32
(Sharecast News) - London stocks ended the day mixed on Tuesday as investors navigated a wave of earnings reports and anticipated upcoming key announcements from the Federal Reserve and the Bank of England.
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