News Archive

ME Group confident after strong first half

15th Jul 2024 07:18

(Sharecast News) - Instant-service equipment specialist ME Group International reported a robust set of interim results on Monday, with a 4.6% increase in revenue to £150.4m and an 11.1% rise in EBITDA to £51.2m.

UK house prices soften in July - Rightmove

15th Jul 2024 07:09

(Sharecast News) - UK house prices dipped in July, industry data showed on Monday, as the general election, international sporting events and the start of the summer holidays unsettled the market.

Chinese economic outlook worsens as data flurry misses forecasts

15th Jul 2024 07:08

(Sharecast News) - A flurry of economic data from China pointed to weakening conditions in the world's second largest economy over the final month of the second quarter.

Burberry axes dividends, sees H1 loss as sales slump

15th Jul 2024 07:02

(Sharecast News) - Shares in luxury goods maker Burberry on Monday slumped by double-digits as the company ousted its chief executive, suspended dividend payments and issued a profits warning after weak global demand battered first-quarter sales.

Sunday newspaper round-up: British economy, Stamp duty, Euro 2024

14th Jul 2024 16:51

(Sharecast News) - Football fans have delivered a £3.1bn boost to the British economy over the past four weeks with £405m expected to be spent at pubs and restaurants for Sunday night's final alone. Over 17m Britons are expected to tune in from their local pub, bar or restaurant and splash out a combined £70.5m and another £280.1m at retailers. Tesco, for one, was anticipating sales of more than 1.0m pizzas and 180,000 packs of burgers between Friday and Sunday. - Sunday Telegraph

Sunday share tips: Londonmetric

14th Jul 2024 12:01

(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of LondonMetric to its readers, highlighting its long record of dividend payouts, focus on the fast-growing bits of the economy and "rude" financial health.

US close: Markets rise despite bank sell-off as rate-cut hopes increase

12th Jul 2024 22:22

(Sharecast News) - US stocks finished higher with the Dow topping the 40,000 mark for the first time in nearly two months despite a gloomy start to bank earnings season, as expectations of an interest-rate cut in September continued to climb.

Sector movers: Real Estate, Homebuilders still being sought out

12th Jul 2024 17:15

(Sharecast News) - Real estate names and homebuilders paced gains at the end of the week amid ongoing optimism around Labour having come out on top in the elections.

Europe close: Stocks rise after US producer price data, French names lead

12th Jul 2024 16:31

(Sharecast News) - European shares were higher on Friday, with sentiment buoyed by inflation data that economists said presaged a further slowdown in price pressures, thus raising hopes of a rate cut in September.

London close: UK stocks, sterling extend gains

12th Jul 2024 16:05

(Sharecast News) - London stocks were in the black again with sentiment boosted by US rate cut hopes.

Broker tips: Hays, Softcat, Vodafone, BHP

12th Jul 2024 15:29

(Sharecast News) - RBC Capital Markets cut its price target on Hays on Friday after the recruiter said a day earlier that full-year profit was set to be around the bottom end of the market consensus range of Â£106m to Â£113m as it posted a drop in fourth-quarter net fees.