News Archive
London open: Stocks nudge lower after inflation data
17th Jul 2024 07:43
(Sharecast News) - London stocks nudged down in early trade on Wednesday as investors mulled the latest UK inflation figures, with sticky services inflation dampening hopes of a rate cut in August.
Read moreBHP delivers record annual iron ore production
17th Jul 2024 07:43
(Sharecast News) - Mining and metals giant BHP has delivered record annual iron ore production for the second year in a row, with an increased contribution from its South Flank operation in Western Australia giving it a boost.
Read moreEurope open: Shares down as investors digest UK inflation data
17th Jul 2024 07:38
(Sharecast News) - European shares opened lower on Wednesday as investors digested the latest UK inflation figures which came in slightly higher than forecast, dampening hopes of a rate cut from the Bank of England, while shares in Danish hearing aid company Demant tanked after a profit warning.
Read moreAntofagasta warns on full-year production
17th Jul 2024 07:31
(Sharecast News) - Shares in Antofagasta came under pressure in early trading on Wednesday, after the Chilean miner warned annual production would be at the lower end of guidance.
Read moreHSBC appoints CFO Elhedery as new CEO
17th Jul 2024 07:30
(Sharecast News) - HSBC has announced that its finance chief George Elhedery will move into the chief executive officer position in September, replacing outgoing boss Noel Quinn.
Read moreLondon pre-open: Stocks seen up as investors mull inflation data
17th Jul 2024 07:29
(Sharecast News) - London stocks were set to rise at the open on Wednesday as investors mulled the latest UK inflation figures.
Read moreRio Tinto appoints National Grid's Katie Jackson to head copper unit
17th Jul 2024 07:22
(Sharecast News) - Rio Tinto has appointed Katie Jackson from National Grid to lead its copper business, succeeding Bold Baatar who is moving up to become chief commercial officer at the mining giant later this year.
Read moreBabcock profits surge despite £90m negative hit from Navy contract
17th Jul 2024 07:22
(Sharecast News) - Defence and aerospace group Babcock has reported a 34% surge in underlying profits in the year ended 31 March despite a £90m hit on a ship-building contract with the Royal Navy.
Read moreMitie to buy ESM Power for up to £8.5m
17th Jul 2024 07:21
(Sharecast News) - Mitie said on Wednesday that it has agreed to buy ESM Power, a high voltage electrical engineering business specialising in grid and power connections, for up to £8.5m.
Read moreSmiths Group sells down stake in ICU Medical
17th Jul 2024 07:18
(Sharecast News) - Smiths Group announced the sale of 1.2 million shares in ICU Medical on Wednesday, amounting to roughly 4.9% of ICU Medical's issued share capital.
Read moreWednesday newspaper round-up: Harland & Wolff, Octopus Energy, Microsoft
17th Jul 2024 07:17
(Sharecast News) - Local councils will have to adopt mandatory housing targets within months under planning reforms to be unveiled on Wednesday as part of Keir Starmer's first king's speech, which the prime minister says will be focused on economic growth. Starmer will introduce a package of more than 35 bills on Wednesday, the first Labour prime minister to do so in 15 years, as he looks to put the economy at the centre of his first year in office. - Guardian
Read moreTeam17 sees FY in line with market views
17th Jul 2024 07:10
(Sharecast News) - Team17 said on Wednesday that it has traded in line with management expectations in the first half.
Read moreReckitt Benckiser sees sales hit as US warehouse knocked out by tornado
17th Jul 2024 07:04
(Sharecast News) - Multinational consumer goods group Reckitt Benckiser on Wednesday forecast a short-term hit to sales in the US after a said a key warehouse for its Mead Johnson Nutrition business was put out of action by a tornado on July 9 which caused "significant" damage.
Read moreUK inflation holds steady at 2%
17th Jul 2024 07:01
(Sharecast News) - UK inflation was unchanged in June, official data showed on Wednesday, in line with the Bank of England's target.
Read moreUS close: Dow and S&P 500 hit new record highs
16th Jul 2024 23:12
(Sharecast News) - Both the Dow and S&P 500 hit new all-time highs on Tuesday, with the Dow in particular notching for its best daily performance in more than a year, as bellwether stocks put in an impressive performance.
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