News Archive
Shell Q2 earnings beat expectations, $3.5bn share buyback launched
1st Aug 2024 07:54
(Sharecast News) - Oil giant Shell reported better-than-expected earnings for the second quarter on Thursday as it announced a $3.5bn share buyback.
Read moreUK annual house price growth fastest since December 2022 - Nationwide
1st Aug 2024 07:43
(Sharecast News) - UK house prices rose in July at the fastest annual rate since December 2022, according to data released by Nationwide on Thursday.
Read moreLondon pre-open: Stocks seen up ahead of BoE announcement
1st Aug 2024 07:34
(Sharecast News) - London stocks were set to rise at the open on Thursday following strong gains on Wall Street after Fed chair Jerome Powell put a September rate cut on the table, and as investors eyed an expected rate cut from the Bank of England later in the day.
Read moreThursday newspaper round-up: Meta, Mohsin Issa, Arm Holdings
1st Aug 2024 07:23
(Sharecast News) - Meta's shares rose in after-hours trading on Wednesday off the back of a strong earnings report that comes as the company is spending heavily on AI tools. The company's stock price grew around 5% following the report, which revealed the company outperformed analysts' expectations for its second quarter. Meta, which owns Facebook, Instagram and WhatsApp, reported $39.07bn in revenue and $5.16 earnings per share. Both results outpaced market predictions of around $38bn in revenue and $4.7 per share, while the company also reported $8.47bn in capital expenditures - lower than analysts expected. - Guardian
Read moreNext raises profit guidance after strong first half
1st Aug 2024 07:18
(Sharecast News) - Next raised its profit guidance for the full year by £20m to £980m on Thursday, representing a 6.7% increase compared to last year, following a robust sales performance in the first half.
Read moreUK retail footfall drops further in July
1st Aug 2024 07:17
(Sharecast News) - Retail footfall fell across the UK in July, according to fresh data released on Friday, with overall numbers dropping by 3.3% compared to the same period last year.
Read morePets at Home maintains FY guidance, hails 'resilient' start to year
1st Aug 2024 07:14
(Sharecast News) - Pets at Home maintained its full-year guidance on Thursday as it hailed a "resilient" start to the year.
Read moreSector movers: FTSE 350 outperforms as miners and oil stocks gain
1st Aug 2024 06:38
(Sharecast News) - Gains for industrial miners and oil stocks saw the FTSE 350 outperform its counterparts on the Continent on Wednesday.
Read moreEurope close: Italian and Spanish issues drag
31st Jul 2024 18:23
(Sharecast News) - European shares ended Wednesday's session on a mixed note as investors digested an unexpected rise in eurozone inflation and looked ahead to rate decisions from the US and UK amid another dump of corporate earnings.
Read moreBroker tips: Diageo, LondonMetric, Spectris
31st Jul 2024 16:02
(Sharecast News) - Diageo's stock was attempting a rebound on Wednesday after a sell-off the previous session as its full-year results disappointed, but that didn't stop Citi from reiterating its 'buy' recommendation on the stock.
Read moreDirector dealings: Hercules Site Services CFO snaps up shares
31st Jul 2024 15:46
(Sharecast News) - Hercules Site Services revealed on Wednesday that chief financial officer Paul Wheatcroft had acquired 24,000 ordinary shares in the AIM-listed tech-enabled labour supplier to the UK infrastructure sector.
Read moreFTSE 100 movers: Miners rally on higher copper prices; GSK in the red
31st Jul 2024 15:26
(Sharecast News) - London's FTSE 100 was up 1% at 8,355.83 in afternoon trade on Wednesday.
Read moreLondon close: Stocks finish higher as miners pace gains
31st Jul 2024 15:04
(Sharecast News) - London's stock markets ended the day with strong gains on Wednesday, driven by robust performances in the mining and energy sectors.
Read moreUS open: Major indices trade higher ahead of Fed interest rate decision
31st Jul 2024 14:58
(Sharecast News) - Major indices were in the green early on Wednesday as investors awaited the outcome of the Federal Reserve Bank's latest interest rate policy meeting.
Read moreChicago PMI falls from seven-month high in July
31st Jul 2024 14:56
(Sharecast News) - The Chicago purchasing managers index fell to 45.3 in July, according to the Institute for Supply Management.
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