News Archive
London midday: Stocks up on US rate cut hopes
12th Jul 2024 10:42
(Sharecast News) - London stocks were still in the black by midday on Friday, with sentiment boosted by US rate cut hopes, as investors turned their attention to bank earnings across the pond.
Read moreSystem1 Q1 revenues improve, driven by platform growth
12th Jul 2024 10:02
(Sharecast News) - Market research firm System1 said on Friday that revenues were markedly improved over the three months ended 30 June, driven by a surge in platform revenues throughout the quarter.
Read moreCadence Minerals shares drop after fundraise
12th Jul 2024 09:58
(Sharecast News) - Cadence Minerals was the heaviest faller on the AIM on Friday following the news that it has raised £750,000 through a share placing to fund further activity at its Amapá iron ore project in Brazil.
Read moreBerenberg lowers target price on BHP
12th Jul 2024 09:36
(Sharecast News) - Analysts at Berenberg lowered their target price on mining giant BHP from 2,100.0p to 2,000.0p on Friday after the firm provided the market with clarity on the futures of its West Australian nickel business.
Read moreCiti stays cautious over Vodafone's growth slowdown
12th Jul 2024 09:26
(Sharecast News) - Citi has maintained a 'neutral' stance on Vodafone ahead of the telecoms group's first-quarter results in two weeks, saying that the top-line moderation in two key markets could keep a lid on growth.
Read moreSoftBank snaps up UK chipmaker Graphcore
12th Jul 2024 09:00
(Sharecast News) - SoftBank Group has snapped up UK start-up Graphcore, it was confirmed on Friday, as the Japanese tech giant continues to expand into artificial intelligence.
Read moreEricsson warns of 'challenging' conditions, but Q2 profits beat forecasts
12th Jul 2024 08:56
(Sharecast News) - Swedish telecoms giant Ericsson reported a decline in sales in its second quarter and warned that market conditions would remain "challenging" for the rest of the year, but still managed to beat profit forecasts.
Read moreAsia report: Markets up on US data; Yen in focus on BoJ speculation
12th Jul 2024 08:55
(Sharecast News) - Asian share markets closed largely higher as a fall in US inflation boosted hopes of a rate cut in September by the Federal Reserve, but Japanese stocks fell sharply on speculation authorities intervened to support the yen.
Read moreShore Capital upgrades Softcat back to 'buy' after recent declines
12th Jul 2024 08:32
(Sharecast News) - Shore Capital has moved its rating for Softcat back to a 'buy', just two weeks after downgrading the stock, following a big share-price decline at the IT infrastructure group.
Read moreSmurfit Westrock 'top pick' in sector, says JPMorgan
12th Jul 2024 08:30
(Sharecast News) - JPMorgan Cazenove initiated coverage of Smurfit Westrock on Friday with an 'overweight' rating and $66 price target, adding the stock to its 'Analyst Focus List'.
Read moreLondon open: FTSE gains as attention turns to US bank earnings
12th Jul 2024 08:22
(Sharecast News) - London stocks rose in early trade on Friday as investors turned their attention to the US, where banks are due to kick off the earnings season.
Read moreEurope open: US CPI data boosts Stoxx
12th Jul 2024 08:02
(Sharecast News) - European shares opened higher on Friday, with sentiment buoyed by an unexpected fall in US inflation that raised hopes of a rate cut in September.
Read moreMolten Ventures successfully exits from three investments
12th Jul 2024 07:44
(Sharecast News) - Venture capital firm Molten Ventures announced successful exits from Graphcore, Perkbox and Endomag on Friday, highlighting returns above or in line with holding values.
Read moreRBC Capital trims Hays price target
12th Jul 2024 07:26
(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 £106m to £113m as it posted a drop in fourth-quarter net fees.
Read moreLondon pre-open: Stocks to rise as investors eye US bank earnings
12th Jul 2024 07:24
(Sharecast News) - London stocks were set to rise at the open on Friday as investors turned their focus to the US, where banks are due to kick off the earnings season.
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