News Archive
Saudi Aramco to return $124bn to shareholders in FY24
6th Aug 2024 08:01
(Sharecast News) - State-owned petroleum and natural gas company Saudi Aramco will return more than $120.0bn to shareholders in FY24 following a "market-leading performance" during H1.
Read moreDomino's sees FY profit at lower end of market expectations
6th Aug 2024 07:58
(Sharecast News) - Domino's Pizza warned on Tuesday that full-year profit would be towards the lower end of the current range of market expectations after a slower start to the first half.
Read moreGerman factory orders rise for first time this year
6th Aug 2024 07:54
(Sharecast News) - Factory orders in Germany in June rose for this year, smashing forecasts following a decline the previous months, according to data from the Federal Statistical Office on Tuesday.
Read moreRBC Capital downgrades Endeavour Mining to 'sector perform'
6th Aug 2024 07:48
(Sharecast News) - RBC Capital Markets downgraded Endeavour Mining on Tuesday to 'sector perform' from 'outperform' given its cautious view around rising operational and geopolitical risk, which it noted comes amid significant management changes this year.
Read moreRBA keeps rates unchanged but says inflation 'too high'
6th Aug 2024 07:43
(Sharecast News) - Rate-setters Down Under kept policy unchanged but sounded a hawkish note on the outlook for rates.
Read moreWarm weather and food spend drive UK retail sales growth
6th Aug 2024 07:35
(Sharecast News) - UK retail sales returned to growth last month, following a slight dip in June, as increased food purchases and improved weather gave consumer spending a boost.
Read moreTravis Perkins H1 profits drop amid weak end markets
6th Aug 2024 07:35
(Sharecast News) - Travis Perkins posted a drop in first-half profit on Tuesday as it pointed to continued weak demand across its end markets and cut its profit outlook for the full year.
Read moreLondon pre-open: Stocks to bounce back after heavy losses
6th Aug 2024 07:34
(Sharecast News) - London stocks were set to rebound at the open on Tuesday following a heavy selloff in the previous session amid a global market meltdown.
Read moreAbrdn beats 1H estimates, upbeat on outlook
6th Aug 2024 07:26
(Sharecast News) - Abrdn beat analysts' estimates for revenues and profit at the half-year stage.
Read moreTuesday newspaper round-up: Retail sales, Google, Warren Buffett
6th Aug 2024 07:26
(Sharecast News) - The late arrival of warm summer weather drove a recovery in retail sales last month, industry data shows, despite continuing signs of consumers holding back on big ticket purchases amid the cost of living crisis. Figures from the British Retail Consortium showed that UK total retail sales increased by 0.5% year on year in July, a recovery from the washout month of June when colder weather deterred shoppers from spending on the high street. - Guardian
Read moreXP Power interim profits more than halve in 'challenging' trading environment
6th Aug 2024 07:21
(Sharecast News) - Critical power control solutions developer XP Power said on Tuesday that both revenue and profits had declined in the six months ended 30 June as a result of a "challenging" trading environment.
Read moreIllinois court rules in GSK's favour in Zantac case
6th Aug 2024 07:18
(Sharecast News) - GSK was upbeat after securing a legal victory in a case in the ongoing litigation surrounding its discontinued heartburn drug Zantac.
Read moreInterContinental sees RevPAR growth accelerate in Q2
6th Aug 2024 07:06
(Sharecast News) - Crowne Plaze, Regent and Holiday Inn owner InterContinental saw its bottom line shrink by 10% in the first half due to the planned reduction of its so-called System Fund surplus, though underlying profits improved by 12% due to solid margin improvements and an acceleration in RevPAR growth in the second quarter.
Read moreUS close: Dow Jones sheds more than a thousand points amid recession fears
5th Aug 2024 22:23
(Sharecast News) - Wall Street stocks closed sharply lower on Monday amid fears that a potential US recession may be on the horizon.
Read moreEurope close: Stocks pummeled as global carry trade continues to unwind
5th Aug 2024 19:04
(Sharecast News) - European shares were sharply lower again at the start of the week, although the selling did abate a bit and appeared to be centred on some of the most popular 'carry trades' globally, including US tech giant Nvidia shares or Bitcoin.
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