News Archive
London open: Stocks gain as investors eye Powell speech
22nd Aug 2024 08:27
(Sharecast News) - London stocks rose in early trade on Thursday, taking their cue from a positive session on Wall Street, as investors eyed a speech by Federal Reserve chair Jerome Powell.
Read moreHays full-year profits drop amid 'clear slowdown'
22nd Aug 2024 08:19
(Sharecast News) - Recruiter Hays posted a decline in full-year profit on Thursday as it highlighted "a clear slowdown" in challenging markets.
Read moreUK consumer confidence holds steady, but personal finance expectations
22nd Aug 2024 08:07
(Sharecast News) - Consumer confidence in the UK remained stable in August, according to a closely watched GfK survey, as improving sentiment towards personal finances was offset by the first fall in economic expectations in six months.
Read moreEbiquity H1 revenue down, warns on FY profits
22nd Aug 2024 08:03
(Sharecast News) - Marketing and media consultancy Ebiquity said on Thursday that both revenue and adjusted underlying earnings had fallen in the six months ended 30 June, leading it to warn on FY profits.
Read moreEurope open: Stocks rise despite weak German data
22nd Aug 2024 07:41
(Sharecast News) - European stock markets advanced on Thursday morning, taking their cues from Wall Street and Asian indices overnight, despite weakening economic data from the continent's economic powerhouse Germany.
Read moreLondon pre-open: Stocks to edge down as investors eye Jackson Hole
22nd Aug 2024 07:29
(Sharecast News) - London stocks were set to edge lower on Thursday ahead of an eagerly-awaited speech by Federal Reserve chair Jerome Powell.
Read moreThursday newspaper round-up: Asda, Post Office, M&S, Frasers Group
22nd Aug 2024 07:21
(Sharecast News) - The owners of Asda are facing mounting pressure after figures showed the struggling supermarket chain's share of the grocery market reached a "new nadir" as sales fell sharply this summer. The grocer's sales fell 6.4% in the three months to 10 August, equivalent to more than £2bn in annual lost revenues, as it became the only member of the traditional "big four" supermarkets to see sales shrink, according to analysts at NIQ. - Guardian
Read moreSerco wins $320m US space base contract
22nd Aug 2024 07:18
(Sharecast News) - Serco has been awarded a $320m contract by the US Army Corps of Engineers (USACE), it announced on Thursday, to modernise the electrical infrastructure at the US Space Force's Pituffik Space Base in Greenland.
Read moreJPMorgan lifts Segro price target
22nd Aug 2024 07:17
(Sharecast News) - JPMorgan Cazenove upped its price target on Segro on Thursday to 1,050p from 1,000p as it reassessed the outlook for the company following first-half results.
Read moreBank of Georgia unveils buyback plan as Q2 profits rise
22nd Aug 2024 07:17
(Sharecast News) - Bank of Georgia has announced a £21m share buyback programme as it unveiled its results for the second quarter, in which it delivered an 11% increase in profits as it incorporated Armenian bank Ameriabank into its P&L for the first time post-acquisition.
Read moreJD Sports LFL sales return to growth in second quarter
22nd Aug 2024 07:15
(Sharecast News) - Sports apparel and footwear retailer JD Sports Fashion saw a return to like-for-like growth in its second quarter, with its store rollout programme in North America and Europe providing a boost while the UK market remains subdued.
Read moreUS close: Stocks edge higher on FOMC minutes, NFP revision
21st Aug 2024 22:09
(Sharecast News) - US stocks edged higher on Wednesday, after minutes from the most recent Federal Reserve policy meeting and a downward revision to labour-market data cemented expectations for an interest-rate cut in September.
Read moreEurope close: Moderate gains as investors wait on Fed minutes, Powell
21st Aug 2024 17:34
(Sharecast News) - European stocks were a tad higher on Wednesday as investors eyed the release of minutes from the US Federal Reserve later in the evening for commentary on inflation and interest rate prospects.
Read moreUS nonfarm payrolls revised down by 818,000
21st Aug 2024 16:16
(Sharecast News) - The US economy created 818,000 fewer jobs than originally reported throughout the 12 months ended 31 March, according to the Labor Department's preliminary annual benchmark revision.
Read moreCineworld backers to make £35m investment if rescue plan is successful - report
21st Aug 2024 15:39
(Sharecast News) - Cineworld's US-based parent will reportedly inject £35m into modernising its British cinema estate if a rescue plan being put to creditors is successful.
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