News Archive
Swatch shares sink as profits plunge on weak Chinese demand
15th Jul 2024 08:37
(Sharecast News) - Swatch Group's share price plunged by more than a tenth on Monday morning after the high-end watch and jewellery maker reported a larger-than-expected drop in first-half profits as demand was affected by the ongoing luxury market slowdown in China.
Read moreEurozone industrial production falls less than expected
15th Jul 2024 08:36
(Sharecast News) - Industrial production in the eurozone fell for the first time in four months in May, according to data from Eurostat on Monday, though the decline wasn't as bad as economists had feared.
Read moreEurope open: Shares down on weak China GDP; Ocado, Burberry tank
15th Jul 2024 08:08
(Sharecast News) - European shares opened lower on Monday, as traders analysed the impact of the attempted assassination of US presidential candidate Donald Trump on markets, along with weak China GDP data.
Read moreMediazest secures £500,000 of new business in H1
15th Jul 2024 08:05
(Sharecast News) - Audio-visual solutions provider Mediazest said on Monday that it had secured an additional £500,000 worth of new business orders over the past two months.
Read moreLondon open: Stocks fall after disappointing China data, Burberry profit warning
15th Jul 2024 07:54
(Sharecast News) - London stocks fell in early trade on Monday following disappointing Chinese GDP figures and a profit warning from Burberry.
Read moreRobert Walters says tough macro conditions lasting longer than expected
15th Jul 2024 07:48
(Sharecast News) - Recruitment company Robert Walters saw a continued decline in net fee income in it second quarter as it continues to battle with "muted" client and candidate confidence, saying that challenging market conditions are lasting longer than initially expected.
Read moreAntler sells entire stake in Baltic Classifieds
15th Jul 2024 07:32
(Sharecast News) - Baltic Classifieds said on Monday after Antler, which is controlled by funds advised by Apax, has sold off its remaining 13% stake in the company in a placing.
Read moreLondon pre-open: Stocks seen weaker after disappointing Chinese GDP
15th Jul 2024 07:30
(Sharecast News) - London stocks were set to fall at the open on Monday as investors digested disappointing Chinese GDP figures.
Read moreMonday newspaper round-up: Lloyds Banking, Sky News, Hotel Chocolat
15th Jul 2024 07:21
(Sharecast News) - A solar energy project developer linked to Thames Water is to be liquidated and its staff made redundant as the crisis engulfing the debt-laden water supplier puts strain on its complex corporate structure. Trinzic Operations Ltd, which is ultimately owned by Thames's parent company Kemble Water Holdings, is to be voluntarily shut down, the Guardian can reveal. - Guardian
Read moreMonday newspaper round-up: Lloyds Banking, Sky News, Hotel Chocolat
15th Jul 2024 07:21
(Sharecast News) - A solar energy project developer linked to Thames Water is to be liquidated and its staff made redundant as the crisis engulfing the debt-laden water supplier puts strain on its complex corporate structure. Trinzic Operations Ltd, which is ultimately owned by Thames's parent company Kemble Water Holdings, is to be voluntarily shut down, the Guardian can reveal. - Guardian
Read moreME Group confident after strong first half
15th Jul 2024 07:18
(Sharecast News) - Instant-service equipment specialist ME Group International reported a robust set of interim results on Monday, with a 4.6% increase in revenue to £150.4m and an 11.1% rise in EBITDA to £51.2m.
Read moreUK house prices soften in July - Rightmove
15th Jul 2024 07:09
(Sharecast News) - UK house prices dipped in July, industry data showed on Monday, as the general election, international sporting events and the start of the summer holidays unsettled the market.
Read moreChinese economic outlook worsens as data flurry misses forecasts
15th Jul 2024 07:08
(Sharecast News) - A flurry of economic data from China pointed to weakening conditions in the world's second largest economy over the final month of the second quarter.
Read moreBurberry axes dividends, sees H1 loss as sales slump
15th Jul 2024 07:02
(Sharecast News) - Shares in luxury goods maker Burberry on Monday slumped by double-digits as the company ousted its chief executive, suspended dividend payments and issued a profits warning after weak global demand battered first-quarter sales.
Read moreSunday newspaper round-up: British economy, Stamp duty, Euro 2024
14th Jul 2024 16:51
(Sharecast News) - Football fans have delivered a £3.1bn boost to the British economy over the past four weeks with £405m expected to be spent at pubs and restaurants for Sunday night's final alone. Over 17m Britons are expected to tune in from their local pub, bar or restaurant and splash out a combined £70.5m and another £280.1m at retailers. Tesco, for one, was anticipating sales of more than 1.0m pizzas and 180,000 packs of burgers between Friday and Sunday. - Sunday Telegraph
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