News Archive

Britvic suspends £75m share buyback after Carlsberg offer

25th Jun 2024 13:30

(Sharecast News) - Britvic said on Tuesday that it was suspending its £75m share buyback after rejecting a £3.1bn takeover proposal from Danish brewer Carlsberg.

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Deutsche Bank hikes Rolls-Royce price target

25th Jun 2024 12:15

(Sharecast News) - Deutsche Bank hiked its price target on Rolls-Royce to 555p from 465p on Tuesday as it revisited the valuation ahead of first-half results.

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Citi ups target for Segro on improving macro outlook

25th Jun 2024 11:58

(Sharecast News) - Citi has raised its target price for Segro from 1,069p to 1,149p and reiterated a 'buy' rating, hailing the industrial real estate group's structural growth ahead of an upcoming expected fall in interest rates.

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Director dealings: Aviva non-exec invests, Britvic director covers share award costs

25th Jun 2024 11:31

(Sharecast News) - Among the director dealings disclosed to market on Tuesday, Aviva announced that T Neil Morrison, a non-executive director, haad purchased a substantial number of shares in the company.

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Proton Motor Power gets follow-up order from Deutsche Bahn

25th Jun 2024 11:25

(Sharecast News) - Proton Motor Power Systems, a designer and producer of zero-carbon fuel cells and fuel cell electric hybrid systems, announced a new follow-up order from DB Bahnbau Gruppe, a subsidiary of Deutsche Bahn, on Tuesday.

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Sound Energy demobilises Tendrara workover rig

25th Jun 2024 11:21

(Sharecast News) - Sound Energy has announced the successful completion and demobilisation of the Star Valley Rig 101 on Tuesday, following planned workover operations on the gas wells TE-6 and TE-7 at the Tendrara project.

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Orchard Funding lifts expectations amid strong premium finance market

25th Jun 2024 11:18

(Sharecast News) - Insurance premium finance and professions funding specialist Orchard Funding Group reported a robust performance in the insurance premium finance market on Tuesday, driving revenue growth through increased lending.

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London midday: Stocks fall as Rolls-Royce, Melrose hit by Airbus warning

25th Jun 2024 11:05

(Sharecast News) - London stocks had fallen into the red by midday on Tuesday, with Rolls-Royce and Melrose pacing the declines after a profit warning from Airbus.

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Tortilla Mexican Grill buys Fresh Burritos for €3.95m

25th Jun 2024 11:04

(Sharecast News) - Tortilla Mexican Grill said on Tuesday that it has bought Fresh Burritos, the second largest fast-casual Mexican restaurant group in Europe, and largest in France, €3.95m (£3.3m).

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Morrisons sales rise in Q2 as it expands convenience estate

25th Jun 2024 11:02

(Sharecast News) - Supermarket operator Morrisons reported a strong second-quarter performance on Tuesday, with continued sales momentum, significant operational progress, and substantial deleveraging.

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Europe midday: Merck, Airbus lead losses as markets fall

25th Jun 2024 10:56

(Sharecast News) - European stocks were firmly lower by the midday mark in Frankfurt as heavy falls in the aerospace and pharmaceuticals sectors weighed on indices across the continent.

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Augmentum reports year of solid NAV growth

25th Jun 2024 10:54

(Sharecast News) - Augmentum Fintech reported a 3.1% increase in its net asset value before performance fees in its annual report on Tuesday, rising to £303.3m from £294.1m in the prior year.

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US pre-open: Markets to snap losing streak as Nvidia rebounds

25th Jun 2024 10:35

(Sharecast News) - US stock futures were pointing to small gains in pre-market trade with the S&P 500 and Nasdaq set to rebound after three straight days of losses.

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Berenberg upgrades Admiral to 'buy', shares rally

25th Jun 2024 10:33

(Sharecast News) - Berenberg upgraded Admiral on Tuesday to 'buy' from 'hold' and lifted the price target to 3,127p from 2,973p, citing an attractive valuation.

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Elementis shareholder Gatemore calls for strategic review

25th Jun 2024 09:56

(Sharecast News) - Elementis shareholder Gatemore Capital Management said on Tuesday that if the company does not launch a strategic review, accelerate its cost-savings programme and replace its chief executive, it may seek to oust the chairman.

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