News Archive
Eurozone recovery unexpectedly slows - PMI
21st Jun 2024 10:28
(Sharecast News) - The eurozone's nascent economic recovery unexpectedly slowed in June, official data showed on Friday, weighed down by weakness in the manufacturing sector.
Read moreBerenberg keeps Tate & Lyle at 'buy', says recent falls were overdone
21st Jun 2024 10:27
(Sharecast News) - The negative reaction to Tate & Lyle's proposed tie-up with US food ingredients group CP Kelco was "too extreme", according to Berenberg, which kept a 'buy' rating on the UK food and beverages group following the announcement.
Read moreMorgan Stanley downgrades B&M to 'underweight'
21st Jun 2024 09:57
(Sharecast News) - Morgan Stanley downgraded B&M European Value Retail on Friday to 'underweight' from 'equalweight' as it said like-for-like growth is slowing and it expects margins to contract year-over-year in FY25, which is a worse outlook than UK retail peers.
Read moreAsia report: Most markets fall as inflation accelerates in Japan
21st Jun 2024 09:47
(Sharecast News) - Asia-Pacific markets mostly fell on Friday after Japan's core inflation rate for May came in cooler than expected at 2.5%, below forecasts, putting pressure on the country's plans to raise interest rates.
Read moreNewRiver upbeat on strengthening retail sector
21st Jun 2024 09:37
(Sharecast News) - NewRiver Reit said it remained confident for the future on Friday, on the back of a strengthening retail sector and a "strong" operational performance.
Read moreJPMorgan upgrades Severn Trent, United Utilities
21st Jun 2024 09:11
(Sharecast News) - JPMorgan Cazenove upgraded Severn Trent and United Utilities on Friday and placed both on 'positive catalyst watch' as it turned more positive on the UK water sector for the first time since it turned cautious in 2022.
Read moreJapanese 'core-core' inflation continues downward trend
21st Jun 2024 09:01
(Sharecast News) - The growth in Japanese consumer prices accelerated sharply in May but underlying inflation slowed more than expected, adding uncertainty to the interest-rate outlook.
Read moreBritvic rejects £3bn approach from Carlsberg, shares fizz
21st Jun 2024 08:43
(Sharecast News) - Shares in Britvic soared in early trading on Friday, after the soft drinks firm rejected a fresh approach from brewing giant Carlsberg Group.
Read moreCompass to repurchase up to $250m worth of shares
21st Jun 2024 08:37
(Sharecast News) - Compass Group announced an agreement to repurchase up to $250m (£196.7m) of its ordinary shares on Friday.
Read moreCiti lifts target price for Rolls-Royce as rally continues
21st Jun 2024 08:13
(Sharecast News) - Rolls-Royce's recent share price rally has further to run, according to Citi, which lifted its target price for the stock on Friday.
Read moreEurope open: Stocks weaker amid UK data; Zealand Pharma soars
21st Jun 2024 08:03
(Sharecast News) - European stocks were weaker at the open on Friday as investors digested data from the UK that showed a rise in retail sales last month, but also government borrowing rising to its highest level since 1961.
Read moreLondon open: Stocks flat as investors mull retail sales; Britvic surges
21st Jun 2024 07:56
(Sharecast News) - London stocks were steady in early trade on Friday as investors mulled the latest retail sales data and consumer confidence reading.
Read moreJPMorgan lifts BAE Systems price target, points to 'exciting' list of potential new contracts
21st Jun 2024 07:56
(Sharecast News) - JPMorgan Cazenove lifted its price target on BAE Systems on Friday to 1,500p from 1,400p as it pointed to an exciting list of potential new contracts.
Read moreM&C Saatchi appoints Simon Fuller as CFO
21st Jun 2024 07:55
(Sharecast News) - UK advertising group M&C Saatchi has appointed Simon Fuller as chief financial officer, effective July 1, the company said on Friday.
Read moreUK retail sales rise more than expected in May
21st Jun 2024 07:53
(Sharecast News) - UK retail sales rose more than expected in May, according to figures released on Friday by the Office for National Statistics.
Read more