News Archive
Friday preview: US non-farm payrolls, IAG in focus
1st Aug 2024 12:13
(Sharecast News) - All eyes at the end of the week would be on the US jobs market - geopolitics permitting.
Read moreModerna lowers guidance after fall in quarterly revenue
1st Aug 2024 12:06
(Sharecast News) - Moderna reported a significant fall in second quarter revenue on Thursday, to $241m, down from $344m in the same period last year, as it lowered its full-year guidance amid weak Europe sales and a competitive US market.
Read moreMondi confident despite fall in first-half earnings
1st Aug 2024 11:56
(Sharecast News) - Mondi reported a solid first-half performance on Thursday, despite facing market challenges, as underlying EBITDA fell to €565m from €680m year-on-year, resulting in an EBITDA margin of 15.1%.
Read moreUS pre-open: Stock futures higher as Powell opens the door for rate cuts
1st Aug 2024 11:33
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Thursday as comments from Federal Reserve chairman Jerome Powell and earnings from social media giant Facebook's parent company were firmly in focus.
Read moreSerco H1 revenue and profits decline, maintains FY guidance
1st Aug 2024 11:32
(Sharecast News) - Shares in public services provider Serco were in the red on Thursday after the group revealed that both revenue and profits had fall in the six months ended 30 June.
Read moreEurope midday: Stocks down but off lows; BoE in focus
1st Aug 2024 11:07
(Sharecast News) - European stocks were off earlier lows but still in the red by midday on Thursday, weighed down by weak performances from auto makers and Societe Generale, as investors mulled the latest policy announcement from the Bank of England.
Read moreLondon midday: Stocks touch higher as BoE cuts rates
1st Aug 2024 11:07
(Sharecast News) - London stocks were still just a touch firmer by midday on Thursday as investors mulled the first rate cut from the Bank of England in four years and waded through a deluge of corporate news.
Read moreAsia report: Stocks mixed after Fed decision, China factory data
1st Aug 2024 10:50
(Sharecast News) - Asia-Pacific markets experienced a mixed performance on Thursday as investors digested comments from US Federal Reserve chair Jerome Powell overnight, who hinted at a potential rate cut in September, contingent on favourable inflation data.
Read moreCoats Group lifts guidance after strong first half
1st Aug 2024 10:50
(Sharecast News) - Industrial thread specialist Coats Group announced a robust set of interim results on Thursday, with a 7% increase in revenue to $741m, and revenue growth accelerating to 8% on a constant exchange rate (CER) basis, leading to an upgrade to its full-year guidance.
Read moreQinetiq secures €284m contract with German Armed Forces Procurement Office
1st Aug 2024 10:45
(Sharecast News) - Defence and security firm Qinetiq has secured an aerial training services contract with the German Armed Forces Procurement Office for the Bundeswehr, Air Force, Army, Navy and Special Forces.
Read moreRobert Walters swings to first-half loss amid 'challenging' markets
1st Aug 2024 10:43
(Sharecast News) - Recruiter Robert Walters said on Thursday that it swung to a loss in the first half amid challenging conditions.
Read moreMelrose beats first-half forecasts but warns of supply challenges
1st Aug 2024 10:40
(Sharecast News) - Aerospace group Melrose Industries reported a strong set of first-half results on Thursday, ahead of its expectations, with adjusted operating profit up 62% to £247m, although it adjusted its 2025 revenue targets amid "industry-wide" supply chain challenges.
Read moreSchroders shares slide despite record high assets under management
1st Aug 2024 10:17
(Sharecast News) - Shares in Schroders were sliding on Thursday morning even after it announced a record high assets under management (AUM) of £773.7bn in its half-year results, up from £726.1bn a year earlier.
Read moreUK factory growth hits two-year high in July
1st Aug 2024 10:17
(Sharecast News) - Production in the UK manufacturing sector grew in July at its fastest pace since February 2022, according to a survey released on Thursday.
Read moreHaleon H1 profits grow despite revenue contraction
1st Aug 2024 10:13
(Sharecast News) - Consumer healthcare business Haleon said on Thursday that profits had grown in the six months ended 30 June, driven by solid H1 sales of its vitamins and oral health products.
Read more