News Archive
Jefferies hikes target for Rolls-Royce, sees upside to medium-term targets for free cash flow
24th Jun 2024 15:05
(Sharecast News) - Analysts at Jefferies hiked their target price on shares of Rolls-Royce, pointing to its most recent trading update, which they said implied the potential for positive surprises as regarded the engineer's free cash flow guidance.
Read moreLondon close: Prudential, Frasers Group lead stocks higher
24th Jun 2024 15:00
(Sharecast News) - London stocks closed on a positive note on Monday, driven by robust performances from Prudential and Frasers Group.
Read moreFTSE 100 movers: Prudential rallies; Smurfit gives back some gains
24th Jun 2024 14:55
(Sharecast News) - London's FTSE 100 was up 0.7% at 8,297.24 in afternoon trade on Monday.
Read moreShein makes moves towards London IPO - reports
24th Jun 2024 13:35
(Sharecast News) - Chinese online fast fashion behemoth Shein has taken a step towards a potential public listing, it emerged on Monday, with reports that it confidentially filed documents with Britain's markets regulator in early June.
Read moreSector movers: Stocks gain as investors stop chasing gains in tech
24th Jun 2024 13:07
(Sharecast News) - Shares in the FTSE 350 continued to rally back towards their all-time highs at the start of the week, as investors rotated back towards value shares while taking some profits in technology names following recent sharp gains in the space.
Read moreEurofins slumps after Muddy Waters allegations
24th Jun 2024 12:47
(Sharecast News) - Shares in Eurofins Scientific plunged by more than a fifth on Monday after activist hedge fund Muddy Waters accused it of financial regularities, saying it had taken a short position in the stock because the German laboratory company was "optimised for malfeasance".
Read moreDirector dealings: Balfour Beatty CEO invests, DS Smith finance chief covers tax bill
24th Jun 2024 12:46
(Sharecast News) - Among the director dealings disclosed to the market on Monday were two involving senior executives from Balfour Beatty and DS Smith.
Read moreGetir shareholders reportedly approve company's split
24th Jun 2024 12:24
(Sharecast News) - Shareholders of Turkish rapid grocery delivery giant Getir have endorsed a major restructuring plan that would see it split into two separate entities and receive a significant capital infusion from the Abu Dhabi state investment fund Mubadala, it emerged on Monday.
Read moreHutchmed partner gets European approval for fruqintinib
24th Jun 2024 12:20
(Sharecast News) - Hutchmed China announced on Monday that its partner Takeda has received approval from the European Commission for 'Fruzaqla', or fruquintinib, as a monotherapy for adult patients with metastatic colorectal cancer (CRC).
Read moreUS sustainable packaging group Sonoco to buy Eviosys for $3.9bn
24th Jun 2024 11:55
(Sharecast News) - US sustainable packing company Sonoco said on Monday that it has agreed to buy Eviosys, a food cans, ends and closures manufacturer, from KPS for about $3.9bn.
Read moreUK manufacturing output broadly unchanged in June quarter
24th Jun 2024 11:36
(Sharecast News) - Manufacturers in the UK reported that output volumes remained broadly unchanged in the three months leading up to June, according to the latest industrial trends survey released by the Confederation of British Industry (CBI) on Monday.
Read moreSerica Energy completes £15m share buyback
24th Jun 2024 11:36
(Sharecast News) - Serica Energy announced the completion of its share buyback programme on Monday, which it initially launched on 24 April.
Read moreTuesday preview: US house price data, Fedspeak in focus
24th Jun 2024 11:35
(Sharecast News) - The market spotlight on Tuesday will be on flurry of closely followed US housing indicators for the month of April.
Read moreAnglo-Eastern reports weaker palm oil production
24th Jun 2024 11:31
(Sharecast News) - Palm oil producer Anglo-Eastern Plantations reported a 4% decrease in fresh fruit bunches production in the first five months of the year on Monday, to 403,200 metric tonnes, down from 420,300 tonnes in the same period last year.
Read moreEurope midday: Shares extend gains; Eurofins in focus after Muddy Waters report
24th Jun 2024 11:27
(Sharecast News) - European stocks extend gains on Monday as investors eyed more interest rate decisions and regional GDP readings later in the week, while shares in French scientific laboratory group Eurofins Scientific slumped after a note published by US activist hedge fund Muddy Waters accused it of financial irregularities.
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