News Archive
Europe open: Shares down on weak US earnings; Luxury stocks weigh
24th Jul 2024 08:06
(Sharecast News) - European shares opened lower on Wednesday as investors eyed eurozone manufacturing survey data and regional bank earnings, while luxury stocks were under the pump after LVMH second-quarter sales growth missed consensus estimates.
Read moreTortilla Mexican Grill warns on FY profits
24th Jul 2024 08:03
(Sharecast News) - Shares in fast-food restaurant chain Tortilla Mexican Grill slumped on Wednesday after the group warned that steps taken to boost profitability were taking longer than expected to bear fruit.
Read moreRHI Magnesita revenue stable amid challenging market
24th Jul 2024 07:59
(Sharecast News) - Refractory products specialist RHI Magnesita reported stable revenue and resilient margins in its half-year results on Wednesday, despite a challenging demand environment.
Read moreFresnillo says on track to meet FY guidance
24th Jul 2024 07:54
(Sharecast News) - Gold and silver miner Fresnillo said it was on track to meet full year guidance after strong second quarter production.
Read moreMitie doubles share buyback to £100m
24th Jul 2024 07:45
(Sharecast News) - Facilities group and government contractor Mitie said it was doubling its share buyback programme, to £100m after good momentum in the first quarter of its fiscal year.
Read moreGerman consumer sentiment hits two-year high
24th Jul 2024 07:43
(Sharecast News) - Consumer sentiment in Germany has risen to its highest level in more than two years, according to a closely watched survey from GfK and the Nuremberg Institute for Market Decisions (NIM), as income expectations and the economic outlook improved significantly.
Read moreReckitt unveils plans to slim down portfolio
24th Jul 2024 07:35
(Sharecast News) - Consumer goods giant Reckitt said it was slimming down its portfolio to focus on core businesses and offloading several home care brands.
Read moreLondon pre-open: UK markets to fall after US blue chip earnings disappoint
24th Jul 2024 07:28
(Sharecast News) - UK stocks were expected to fall in early deals on Wednesday after a wave of corporate earnings from Wall Street heavyweights disappointed overnight.
Read moreThird-quarter profits rise 16pc at easyJet
24th Jul 2024 07:22
(Sharecast News) - Low-cost carrier easyJet reported a significant year-on-year improvement in its third-quarter financial performance on Wednesday, with a 16% increase in headline profit before tax, amounting to £236m.
Read moreWednesday newspaper round-up: Reckitt, Tesla, Virgin Atlantic...
24th Jul 2024 07:16
(Sharecast News) - Reckitt is under pressure from top shareholders to revisit a sale of its nutrition business, following litigation and a series of other setbacks at the division that have sent the company's share price to decade lows. The FTSE 100 consumer giant acquired the Mead Johnson infant formula business in 2017 for $17bn - its largest-ever acquisition - and it has been plagued by mishaps ever since. Meanwhile, the wider group, which makes Lysol detergent and Durex condoms, has underwhelmed investors as it struggles to build back sales volumes following a period of high inflation and suppressed consumer demand. - Financial Times
Read moreInforma offers 568p per share in cash for Ascential
24th Jul 2024 07:03
(Sharecast News) - Publishing and exhibitions group Informa on Wednesday said it was buying rival Ascential in an agreed £1.2bn deal.
Read moreUS close: Stocks lower as Q2 tech earnings come into focus
23rd Jul 2024 22:27
(Sharecast News) - Wall Street stocks closed lower on Tuesday as market participants got their first taste of big-name tech earnings for Q2.
Read moreEurope close: Stocks end on a mixed note
23rd Jul 2024 17:07
(Sharecast News) - Stocks in Europe finished on a mixed note with French and UK issues underperforming after a bumpy start to the session on Wall Street.
Read moreDirector dealings: C&C Group chairman makes share purchase
23rd Jul 2024 16:49
(Sharecast News) - C&C Group revealed on Tuesday that chairman Ralph Findlay had acquired 44,151 ordinary shares in the London-listed alcoholic drinks maker.
Read moreBroker tips: SThree, Compass Group
23rd Jul 2024 16:41
(Sharecast News) - Analysts at Berenberg lowered their target price on specialist staffing organisation SThree from 550.0p to 520.0p on Tuesday but said the group's contract focus offered resilience versus peers.
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