News Archive
Waitrose to open 100 new convenience stores in £1bn investment drive
21st Aug 2024 09:46
(Sharecast News) - UK high-end supermarket chain Waitrose its ramping up its brand investment plans, injecting £1bn to open up to 100 convenience shops and upgrade a number of existing supermarkets over the next five years.
Read moreRBC Capital lifts price target on Admiral, reiterates 'outperform'
21st Aug 2024 09:36
(Sharecast News) - RBC Capital Markets lifted its price target on Admiral on Wednesday to 3,550p from 3,400p and reiterated its 'outperform' rating.
Read moreAsia report: Most markets fall as Japan's trade deficit widens
21st Aug 2024 09:13
(Sharecast News) - Asia-Pacific markets were mostly lower on Wednesday, following a pullback in US markets overnight, where the S&P 500 and Nasdaq Composite ended their eight-day winning streak.
Read moreJapanese trade deficit higher than expected as imports jump
21st Aug 2024 08:53
(Sharecast News) - Japan recorded a wider-than-expected trade deficit for July as imports surged on the back of rising prices, according to data released by the Finance Ministry on Wednesday.
Read moreLondon open: Stocks nudge up after borrowing figures; Fed minutes eyed
21st Aug 2024 08:33
(Sharecast News) - London stocks nudged higher in early trade on Wednesday as investors mulled UK borrowing figures and looked ahead to the release of the latest Federal Reserve minutes.
Read moreJPMorgan stays positive on BT, downplays Sky deal with CityFibre
21st Aug 2024 08:22
(Sharecast News) - JPMorgan has reiterated its 'outperform' rating on BT Group despite competition concerns hitting the stock following the announcement that Sky has signed a wholesale deal with CityFibre.
Read moreWalmart to sell entire $3.7bn stake in JD.com
21st Aug 2024 08:04
(Sharecast News) - Shares in JD.com tanked in Hong Kong on Wednesday after American retail titan Walmart signalled its intention to dispose of its stake in the Chinese ecommerce giant worth $3.7bn.
Read moreRosslyn Data Technologies FY losses better than feared, secures major client win
21st Aug 2024 08:03
(Sharecast News) - Cloud-based software provider Rosslyn Data Technologies revealed on Wednesday that it had secured a "major new client win" worth a minimum of £2.0m as it turned in better-than-expected FY24 underlying losses.
Read moreEurope open: Stoxx rebounds as investors await Fed minutes, Powell speech
21st Aug 2024 07:52
(Sharecast News) - European stocks rallied on Wednesday after closing in the red a day earlier and snapping a five-day run of gains as investors eyed the release of minutes from the US Federal Reserve for commentary on inflation and interest rate prospects.
Read moreJefferies upgrades Victrex to 'hold' on valuation
21st Aug 2024 07:43
(Sharecast News) - Jefferies upgraded Victrex on Wednesday to 'hold' from 'underperform' "purely" on valuation grounds.
Read moreLondon pre-open: Stocks seen up as investors mull borrowing data
21st Aug 2024 07:37
(Sharecast News) - London stocks were set to gain at the open on Wednesday as investors mulled the latest borrowing figures.
Read moreCostain unveils £10m buyback as first-half profits rise
21st Aug 2024 07:25
(Sharecast News) - Costain has announced a £10m share buyback programme as it reported higher profits for the first half on the back of improved margins and a better product mix.
Read moreWednesday newspaper round-up: Waitrose, McDonald's, Crown Agents
21st Aug 2024 07:20
(Sharecast News) - Waitrose is planning to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The upmarket grocery chain is planning to unveil a revamped outlet in Finchley Road, north London, on Wednesday. This will kick off a new phase of expansion with its first new store in six years in Hampton Hill, west London, by the end of this year. - Guardian
Read moreValue of Molten Ventures' holding in Revolut rises significantly
21st Aug 2024 07:18
(Sharecast News) - Molten Ventures, a prominent venture capital firm known for investing in high-growth digital technology companies, announced a substantial increase in the valuation of its holding in fintech company Revolut on Wednesday.
Read moreBarratt-Redrow merger one step closer to regulatory approval
21st Aug 2024 07:17
(Sharecast News) - The competition authority has announced that the allowances made by Barratt Developments and Redrow in order to pave way for regulatory approval may just be enough to get the green light.
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