News Archive
Nestle cuts full-year sales outlook
25th Jul 2024 13:02
(Sharecast News) - Food giant Nestle slumped on Thursday after it cut its sales outlook for the year as pricing has come down "faster than expected".
Read moreVictoria still facing uncertain demand across most markets
25th Jul 2024 12:48
(Sharecast News) - Flooring specialist Victoria said in an update on Thursday that it continued to outperform a number of its competitors during the first quarter of the financial year.#
Read moreAmerican Airlines posts highest-ever quarterly revenue
25th Jul 2024 12:35
(Sharecast News) - American Airlines reported its highest-ever quarterly revenue for its second quarter on Thursday, at $14.3bn, although that still fell short of its own expectations, as the airline also lowered its full-year earnings guidance.
Read moreBerenberg upgrades Ascential to 'buy' following Informa bid
25th Jul 2024 12:33
(Sharecast News) - Analysts at Berenberg upgraded business-to-business media firm Ascential to 'buy' from 'hold' and hiked their target price on the stock to 568.0p from 395.0p following a takeover offer from Informa.
Read moreApollo nearing £2.7bn acquisition of Evri - report
25th Jul 2024 12:32
(Sharecast News) - Private equity firm Apollo Global Management is reportedly on the brink of a deal to buy UK parcel delivery firm Evri in a £2.7bn deal.
Read moreFriday preview: US PCE inflation data, NatWest Group in focus
25th Jul 2024 12:32
(Sharecast News) - All eyes at the end of the week will be on the latest US inflation numbers.
Read moreHSBC, Lloyds among banks found in violation of CMA rules
25th Jul 2024 12:30
(Sharecast News) - Four major high street banks - HSBC, Lloyds, TSB, and Allied Irish Banks (AIB) - have been found in violation of rules set by the Competition and Markets Authority (CMA), it emerged on Thursday.
Read moreCVS Group flags lower full-year sales growth
25th Jul 2024 12:12
(Sharecast News) - Listed veterinary service provider CVS Group said in an update on Thursday that it achieved growth of around 10% in full-year revenue for continuing operations, with like-for-like sales increasing 2.9%, compared to 7.3% in the 2023 financial year.
Read moreUS pre-open: Futures little changed ahead of data points, Q2 earnings
25th Jul 2024 11:40
(Sharecast News) - Dow Jones futures were little changed ahead of the bell on Thursday as market participants looked ahead to the release of some key data points and more corporate earnings.
Read moreKering first-half revenues drop, H2 operating income to fall 30%
25th Jul 2024 11:40
(Sharecast News) - Gucci owner Kering tumbled on Thursday after it posted a drop in first-half revenues and warned that operating income would drop in the second half.
Read moreJTC on track after record new business wins in first half
25th Jul 2024 11:35
(Sharecast News) - Fund and corporate administration services firm JTC hailed record new business wins in the first half as it made a positive start to its so-called "Cosmos era" business plan.
Read moreUK car production falls in June as manufacturers retool
25th Jul 2024 11:27
(Sharecast News) - Automobile output in the UK fell in June as carmakers retooled lines to produce electrified models, a business lobby group said.
Read moreCineworld to cut hundreds of jobs in restructuring - report
25th Jul 2024 11:23
(Sharecast News) - Cineworld will reportedly unveil a sweeping overhaul this week that will cost hundreds of jobs and reduce its British footprint by at least a quarter.
Read moreLondon midday: Stocks slump after US selloff, amid corporate avalanche
25th Jul 2024 11:13
(Sharecast News) - London stocks were still weaker by midday on Thursday as investors waded through a barrage of corporate news, having taken their opening cue from a downbeat session on Wall Street, where tech names came under pressure.
Read moreVirgin Wines FY EBITDA, pre-tax profit ahead of market views
25th Jul 2024 11:12
(Sharecast News) - AIM-listed Virgin Wines said on Thursday that full-year EBITDA and pre-tax profit were ahead of market expectations despite a challenging backdrop.
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