News Archive
Upside risks to inflation have increased, says IMF
16th Jul 2024 14:12
(Sharecast News) - The International Monetary Fund has lifted its estimate for economic growth next year but warned that inflationary pressures have increased, meaning central banks will likely have to keep interest rates elevated for longer.
Read moreFTSE 100 movers: B&M in the black; Rio Tinto falls on update
16th Jul 2024 14:07
(Sharecast News) - London's FTSE 100 was down 0.3% at 8,160.12 in afternoon trade on Tuesday.
Read moreCineworld in talks with landlords on UK closures - report
16th Jul 2024 13:59
(Sharecast News) - Cineworld has reportedly started talks with UK commercial landlords about plans to shutter up to 25% of its British cinema estate.
Read moreFintel agrees acquisition of Rayner Spencer Mills Research
16th Jul 2024 13:35
(Sharecast News) - Fintech and support service specialist Fintel announced a conditional agreement to acquire Rayner Spencer Mills Research (RSMR), a prominent fund ratings and research agency in the UK, on Tuesday.
Read moreApax Global Alpha books EUR 31m return from Baltic Classifieds sell-down
16th Jul 2024 13:14
(Sharecast News) - Apax Global Alpha (AGA), a limited partner in the Apax IX Fund, announced on Tuesday that Apax IX has sold its remaining shares in Baltic Classifieds Group (BCG).
Read moreUS retail sales stagnate in June
16th Jul 2024 13:10
(Sharecast News) - Retail sales in the United States were unchanged in June, according to the Census Bureau, in line with economists' expectations.
Read moreSequoia Economic Infrastructure subsidiary gets California lender licence
16th Jul 2024 13:09
(Sharecast News) - Sequoia Economic Infrastructure Income Fund announced on Tuesday that its wholly-owned subsidiary, Sequoia IDF Holdings, has received a finance lender licence under the Californian Financing Law.
Read moreLee Powell to take the helm at Henry Boot Construction
16th Jul 2024 12:09
(Sharecast News) - Henry Boot announced on Tuesday that Lee Powell, currently the chief executive officer of GMI Construction, would assume the role of managing director of Henry Boot Construction next January.
Read moreMorgan Stanley Q2 profits surge, wealth management unit disappoints
16th Jul 2024 11:58
(Sharecast News) - Morgan Stanley reported better-than-expected quarterly earnings on Tuesday morning on the back of a strong trading and investment banking performance.
Read moreBank of America reports 'strong quarter' driven by noninterest income
16th Jul 2024 11:54
(Sharecast News) - Bank of America announced net income of $6.9bn for the second quarter on Tuesday, translating to earnings per share of 83 cents.
Read moreCharles Schwab's Q2 earnings in line, but new brokerage accounts disappoint
16th Jul 2024 11:44
(Sharecast News) - American financial services group Charles Schwab met analysts' estimates with its second-quarter revenues and profits on Tuesday while total client assets hit an all-time high, but shares were falling sharply in pre-market trade as the number of new brokerage accounts came up short.
Read moreEuros see supermarket sales grow despite poor weather
16th Jul 2024 11:40
(Sharecast News) - Take-home sales at supermarkets rose by 2.2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.
Read moreUS pre-open: Futures in the green following Dow's record-setting session
16th Jul 2024 11:31
(Sharecast News) - Wall Street futures were pointing to a positive open ahead of the bell on Tuesday following a record-setting session for the Dow.
Read moreEurope midday: Shares fall on weak Germany EZ data; Scor tanks on warning
16th Jul 2024 11:28
(Sharecast News) - European shares were lower on Tuesday as investors digested dovish remarks from US Federal Reserve chair Jerome Powell on interest rates, while shares in Scor tanked by a quarter as the French reinsurer issued a profit warning at its life & health business.
Read moreLondon midday: FTSE stays down as Burberry, Rio Tinto slump
16th Jul 2024 11:00
(Sharecast News) - London stocks were still a little weaker by midday on Tuesday as investors continued to mull political developments in the US, with Burberry and Rio Tinto in the red.
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