News Archive

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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Warehouse REIT reports robust year, part-acquires Ventura Retail Park

25th Jun 2024 09:48

(Sharecast News) - Warehouse REIT reported a robust set of full-year results on Tuesday, driven by strong occupational demand and a focus on multi-let assets.

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Asia report: Most markets rise after mixed day on Wall Street

25th Jun 2024 09:25

(Sharecast News) - Stock markets in the Asia-Pacific region experienced mostly positive performance on Tuesday, with Japan's Topix reaching its highest level in three weeks.

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Wynnstay reports weaker first half amid challenging market

25th Jun 2024 09:08

(Sharecast News) - Wynnstay Group reported a set of interim results impacted by challenging trading conditions on Tuesday, as anticipated.

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Gear4music revenue falls, profit rises as expected

25th Jun 2024 08:55

(Sharecast News) - Online musical instrument and equipment retailer Gear4music reported final results in line with market forecasts on Tuesday, with revenue down 5% year-on-year to £144.4m, reflecting a strategic focus on enhancing gross margins and reducing costs to prioritise profitability over revenue growth.

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IG Design swings back to full-year reported profitability

25th Jun 2024 08:46

(Sharecast News) - IG Design Group reported a successful second year in its three-year turnaround plan on Tuesday, with significant improvements in operational efficiency and business simplification.

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Funding Circle to sell US business to iBusiness Funding for £33m

25th Jun 2024 08:26

(Sharecast News) - Funding Circle said on Tuesday that it has agreed to sell its US business to Miami-based iBusiness Funding (IBF) for £33m.

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London open: Stocks nudge up; Ocado and Melrose under the cosh

25th Jun 2024 08:01

(Sharecast News) - London stocks nudged higher in early trade on Tuesday following a mixed close on Wall Street, as investors eyed the release of a key US inflation reading and UK GDP data later in the week.

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Europe open: Aerospace stocks drop as Airbus cuts forecasts

25th Jun 2024 07:56

(Sharecast News) - European stocks were mostly lower on Tuesday with heavy falls in Frankfurt and Paris outweighing a more subdued performance elsewhere with heavyweights Airbus and Merck leading the decline.

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Vertu sees solid Q1 growth, but ZEV mandate raises uncertainty

25th Jun 2024 07:55

(Sharecast News) - Automotive retailer Vertu Motors said that results should be in line with market expectations after a solid start to the new financial year, with new and used car sales rising along growing volumes in fleet and commercial vehicles.

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Deutsche Bank downgrades Airbus to 'hold' after profit warning

25th Jun 2024 07:45

(Sharecast News) - Deutsche Bank downgraded Airbus to 'hold' from 'buy' on Tuesday after the company cut its earnings guidance and delivery targets on Monday.

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Saga on track despite insurance difficulties

25th Jun 2024 07:44

(Sharecast News) - Over-50s holidays and financial products group Saga has said it remains on track to hit targets after an in-line start to its financial year, despite ongoing challenges in the insurance market.

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