News Archive

US close: Stocks higher following Biden's election race exit

22nd Jul 2024 21:11

(Sharecast News) - Major indices closed higher on Monday after Joe Biden dropped out of the US presidential race over the weekend.

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Europe close: Stocks rise as investors digest US election news

22nd Jul 2024 16:58

(Sharecast News) - European shares jumped on Monday as investors assessed the impact of US President Joe Biden's decision not to contest the election in November, while Ryanair shares slumped on lower earnings and a warning that summer airfares would be softer.

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London close: Stocks rise on China rate cut, Biden withdrawal

22nd Jul 2024 15:21

(Sharecast News) - London's stock markets ended Monday on a positive note, buoyed by a surprise interest-rate cut from China and significant political news from the United States.

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Europa Oil identifies expanded resource on EG-08

22nd Jul 2024 15:10

(Sharecast News) - Europa Oil & Gas announced a significant update on the EG-08 block on Monday, reporting that an additional 716 billion cubic feet (BCF) of unrisked prospective resources had been identified, bringing the total gross unrisked mean prospective resources on the block to 2.116 trillion cubic feet equivalent (TCFe).

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US open: Major indices trade higher following Biden's exit from presidential race

22nd Jul 2024 15:07

(Sharecast News) - Major indices were in the green early on Monday after Joe Biden dropped out of the US presidential race over the weekend.

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Director dealings: Beowulf Mining CEO ups stake

22nd Jul 2024 15:07

(Sharecast News) - Beowulf Mining revealed on Monday that chief executive Ed Bowie had acquired 18,831 ordinary shares in the AIM-listed exploration and development company.

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Broker tips: The Gym Group, MP Evans

22nd Jul 2024 14:55

(Sharecast News) - Analysts at Berenberg upgraded their stance on The Gym Group from 'hold' to 'buy' on Monday and hiked their target price on the stock from 121.0p to 180.0p, stating the company was "in good shape".

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Berenberg upgrades The Gym Group to 'buy'

22nd Jul 2024 13:00

(Sharecast News) - Analysts at Berenberg upgraded their stance on The Gym Group from 'hold' to 'buy' on Monday and hiked their target price on the stock from 121.0p to 180.0p, stating the company was "in good shape".

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Canaccord Genuity starts MP Evans at 'buy'

22nd Jul 2024 12:41

(Sharecast News) - Over at Canaccord Genuity, analysts initiated coverage on Indonesian palm oil supplier MP Evans with a 'buy' rating and 1,250.0p target price on Monday, highlighting the group's "strong financial returns".

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Government to scrutinise £5.3bn Royal Mail takeover

22nd Jul 2024 12:39

(Sharecast News) - The new Labour government is set to look closely at the £5.3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky.

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AFC Energy inks strategic supplier agreement with Zollner

22nd Jul 2024 12:37

(Sharecast News) - Hydrogen power generation technology specialist AFC Energy announced the signing of a strategic supplier agreement (SSA) with Germany's Zollner Elektronik on Monday.

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Light Science flags strong momentum in contact electronics division

22nd Jul 2024 12:22

(Sharecast News) - Light Science Technologies, which operates through three divisions - controlled environment agriculture (CEA), contract electronics manufacturing (CEM), and passive fire protection (PFP) - reported strong momentum in its CEM division on Monday, driven by a record-breaking year in the pest control market.

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Tuesday preview: Alphabet, Tesla, US existing home sales in focus

22nd Jul 2024 12:07

(Sharecast News) - Investors' focus on Tuesday will be on the corporate space as US tech giant Alphabet and carmaker Tesla release their latest quarterly results.

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London midday: Chiina rate cut helps stocks find their footing

22nd Jul 2024 12:06

(Sharecast News) - UK stocks were recovering some of their poise on Monday as markets reacted to a surprise interest-rate cut in China, while investors digested the latest political drama across the Pond.

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Kefi reports progress in Ethiopia, Saudi Arabia

22nd Jul 2024 11:52

(Sharecast News) - Kefi Gold and Copper reported recent advancements at the Tulu Kapi Gold Project in Ethiopia in an update on Monday, where the early works programme, initiated in May, was progressing well.

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