News Archive
China PBoC cuts interest rates
22nd Jul 2024 07:36
(Sharecast News) - Rate-setters in China lowered their short-term policy rate for the first time since the summer of 2023.
Read moreOfcom fines BT £17.5m for 'catastrophic' 999 failings
22nd Jul 2024 07:30
(Sharecast News) - The regulator has fined BT Group nearly £18m over "catastrophic" 999 call-handling failures, it was announced on Monday.
Read moreKroger places order for new Ocado automated technologies
22nd Jul 2024 07:21
(Sharecast News) - US grocery giant Kroger ordered two of Ocado's newest technology solutions for its existing and future customer fulfilment centres.
Read moreHammerson offloads stake in Value Retail, plans £140m buyback
22nd Jul 2024 07:19
(Sharecast News) - Shopping centre owner Hammerson said it had sold its interest in Value Retail to consumer-focused investment firm L Catterton for an enterprise value of £1.5bn and also announced a £140m share buyback along with a one-for-10 shar consolidation.
Read moreEntain appoints Gavin Isaacs as its new chief executive
22nd Jul 2024 07:17
(Sharecast News) - Gambling giant Entain announced the appointment of Gavin Isaacs as its new chief executive officer on Monday, effective from 2 September.
Read moreMonday newspaper round-up: Biden, gambling levy, UK economy...
22nd Jul 2024 07:15
(Sharecast News) - Kamala Harris, the vice-president, has emerged as the frontrunner to replace President Biden as the Democratic nominee for the election against Donald Trump in November. Biden, 81, announced yesterday afternoon that he would drop out of the race. In the hours that followed, Harris, 59, was endorsed by leading Democrats, prospective rivals and the chairs of all 50 state parties. - The Times
Read moreLondon pre-open: Gains expected as markets react to tumultuous weekend
22nd Jul 2024 07:04
(Sharecast News) - UK stocks are expected to rise on Monday morning as investors reacted to a flurry of market-moving news over the weekend, such as the exit of Joe Biden from the US presidential race, a reduction in interest rates in China and ongoing global IT outages.
Read moreVodafone sells further 10% in Vantage Towers for €1.3bn
22nd Jul 2024 07:03
(Sharecast News) - Vodafone Group said it had sold a further 10% stake in the joint venture that co-controls Vantage Towers for €1.3bn to reduce its debt.
Read moreRyanair sees profits slide, warns of softer fares
22nd Jul 2024 07:00
(Sharecast News) - Ryanair Holdings posted a sharp fall in quarterly profits Monday and warned fares would likely be "materially" lower than last summer.
Read moreSunday newspaper round-up: Rentokil, Ukraine, Crowdstrike
21st Jul 2024 21:41
(Sharecast News) - BT's former chief executive officer, Philip Jansen, is plotting to takeover Rentokil Initial with the help of private equity. As part of the acquisition, Jansen would take over as executive chairman. In particular, the corporate dealmaker and his financial supporters would focus on making Rentokil's 2022 purchase of US peer Terminix work. In a second phase, the company would move on to acquiring other US companies in the same sector. - Sunday Times
Read moreFTSE 100 movers: Airlines pace declines at the end of the week
19th Jul 2024 17:26
(Sharecast News) - Airline shares weighed on the top flight index at the end of the week after falling afoul of a cascade of IT glitches around the world triggered by a update from cyber security outfit Crowdstrike.
Read moreLondon close: Stocks fall on day of global IT chaos
19th Jul 2024 17:08
(Sharecast News) - London's stock markets closed in the red on Friday, affected by a significant global IT outage and a drop in UK retail sales.
Read moreEurope close: Stocks finish week on a down note
19th Jul 2024 16:45
(Sharecast News) - European stocks closed lower on Friday as a major technical outage involving Microsoft hit businesses around the world, while weaker-than-expected UK retail sales also hit sentiment.
Read moreFTSE 250 movers: Bridgepoint surges on earnings upgrade
19th Jul 2024 14:56
(Sharecast News) - FTSE 250 (MCX) 21,064.27 -0.80%
Read moreBroker tips: AJ Bell, Dunelm
19th Jul 2024 13:45
(Sharecast News) - Analysts at Berenberg hiked their target price on financial services firm AJ Bell from 370.0p to 410.0p on Friday after the group's Q3 earnings on 18 July sent shares up roughly 6% on the day.
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