News Archive
London open: Stocks in the black; house prices in focus
7th Aug 2024 08:05
(Sharecast News) - London stocks rose in early trade on Wednesday as comments from Bank of Japan governor Shinichi Uchida calmed investors, and following the release of better-than-expected UK house price data.
Read moreIbstock profits, sales slump on wet UK weather
7th Aug 2024 08:04
(Sharecast News) - Brick maker and building supplies company Ibstock reported a slump in first-half profits and sales as Britain's soggy summer hit the construction industry but sounded a note of cautious optimism around medium-term prospects under the new Labour government's plans to accelerate house building, sending shares in the company higher.
Read moreCLS H1 losses narrow, makes first letting at Artesian
7th Aug 2024 08:02
(Sharecast News) - Commercial property investment firm CLS Holdings reported mixed H1 numbers on Wednesday as it also revealed it had struck a deal for its first letting at its Artesian asset in East London.
Read moreTullow Oil profits jump in first half, capex scaled back
7th Aug 2024 07:58
(Sharecast News) - Tullow Oil was able to grew profits in the first half of 2024 despite a weaker top line, as the Irish oil and gas group reduced its capital expenditure budget for the full year.
Read moreGerman industrial production jumps more than expected in June on auto output
7th Aug 2024 07:49
(Sharecast News) - Industrial production in Germany jumped in June, led by a partial rebound in output from the auto sector.
Read moreUK house prices rise in July after three flat months - Halifax
7th Aug 2024 07:40
(Sharecast News) - UK house prices rose in July after three flat months, according to figures released on Wednesday by Halifax.
Read moreLondon pre-open: Stocks to gain on positive US, Asian cues
7th Aug 2024 07:37
(Sharecast News) - London stocks were set to rise again on Wednesday following positive US and Asian sessions.
Read moreWPP lowers guidance after steady first-half performance
7th Aug 2024 07:33
(Sharecast News) - WPP, the world's largest advertising company, reported a steady first-half performance on Wednesday, although macroeconomic pressures and challenges in key markets such as China saw it revise its full-year outlook.
Read moreBoJ's Uchida says rates won't rise when markets unstable
7th Aug 2024 07:32
(Sharecast News) - Bank of Japan deputy governor Shinichi Uchida said the central bank would not lift interest rates when the markets are unstable, in response to this week's volatility that saw a massive sell-off in equities.
Read moreCoca-Cola HBC lifts 2024 guidance after strong first half
7th Aug 2024 07:23
(Sharecast News) - Coca-Cola HBC, the UK-listed anchor bottler for the American beverage giant, has upgraded its guidance for 2024 after a strong first half with solid revenue growth and market share gains.
Read moreWednesday newspaper round-up: Airbnb, Virgin Atlantic, Harland & Wolff
7th Aug 2024 07:21
(Sharecast News) - The Royal Mint has unveiled a "pioneering" factory that will recover gold from electronic waste, creating a more sustainable source of the precious metal for the coin manufacturer's luxury jewellery line. The factory in south Wales, which has been under construction since March 2022, is designed to extract gold from up to 4,000 tonnes a year of circuit boards sourced in the UK from electronics including phones, laptops and TVs. - Guardian
Read moreSiemens Energy posts Q3 profit, hikes FY free cash flow guidance
7th Aug 2024 07:16
(Sharecast News) - German gas and power business Siemens Energy upped its free cash flow guidance for the second time in three months on Wednesday amid stronger demand for its power grid technology and gas turbines.
Read moreGlencore posts sharp drop in 1H profits but upbeat on shareholder returns
7th Aug 2024 07:14
(Sharecast News) - Glencore posted a sharp decline in operating and net profits at the half-year stage, but sounded an optimistic note on the outlook for shareholder returns.
Read moreOfwat to appoint independent monitor to Thames Water
7th Aug 2024 07:13
(Sharecast News) - Ofwat said on Wednesday that it was looking to appoint a monitor to report on Thames Water's progress in turning the business around after the water company lost two investment grade credit ratings.
Read moreRightmove appoints internal candidate as new CFO
7th Aug 2024 07:09
(Sharecast News) - Property portal Rightmove has announced that it is recruiting an internal replacement for its outgoing chief financial officer.
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