News Archive
Franchise Brands shares drop on 2024 outlook, CFO exit
20th Jun 2024 09:04
(Sharecast News) - Shares in Franchise Brands dropped sharply on Thursday despite the B2B van-based services group meeting expectations with its full-year results, as the company gave a cautious outlook for 2024 and announced the departure of its chief financial officer.
Read moreTime Out to beat profit forecasts after strong Q4
20th Jun 2024 08:49
(Sharecast News) - Shares in Time Out Group gained on Thursday morning after the media and hospitality company said full-year profits are expected to beat forecasts on the back of a strong fourth quarter.
Read moreJPMorgan slashes Spectris price target after profit warning
20th Jun 2024 08:38
(Sharecast News) - JPMorgan Cazenove cut its price target on Spectris on Thursday to 2,750p from 2,950p as it downgraded forecasts following the company's profit warning a day earlier.
Read moreSales of electric vehicles fall in Europe
20th Jun 2024 08:37
(Sharecast News) - Sales of battery-powered electric cars in the European Union fell sharply in May, industry data showed on Thursday, as demand in Germany softened notably.
Read moreLondon open: Stocks nudge up ahead of BoE announcement
20th Jun 2024 08:05
(Sharecast News) - London stocks were just a touch firmer in early trade on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on interest rates at 5.25%.
Read moreEurope open: Shares rally as eyes turn to rate decisions
20th Jun 2024 08:02
(Sharecast News) - European shares rallied at the open on Thursday as investors eyed rate decisions from the UK, Switzerland and Norway.
Read moreGerman wholesale price deflation eases
20th Jun 2024 07:56
(Sharecast News) - Producer-price deflation in Germany softened in May to its lowest level in 11 months, according to data out on Thursday from the Federal Statistical Office, Destatis.
Read moreUrban Logistics posts stable results after second-half recovery
20th Jun 2024 07:50
(Sharecast News) - Urban Logistics REIT reported an 8.4% improvement in net rental income in its full-year results on Thursday, to £57.4m.
Read moreChina holds hey rates steady
20th Jun 2024 07:47
(Sharecast News) - China left key lending rates unchanged at its monthly fixing, in line with expectations.
Read moreTate & Lyle acquires specialty ingredients firm CP Kelco for $1.8bn
20th Jun 2024 07:31
(Sharecast News) - Food and beverage products group Tate & Lyle is to buy Atlanta-based pectin, gums and specialty ingredients firm CP Kelco from JM Huber Corporation for $1.8bn, giving the latter a 16% stake in the business.
Read moreLondon pre-open: Stocks to edge up ahead of BoE announcement
20th Jun 2024 07:29
(Sharecast News) - London stocks were set to rise at the open on Thursday as investors eyed the latest policy announcement from the Bank of England, which is widely expected to stand pat on rates at 5.25%.
Read moreThursday newspaper round-up: Amazon, Chinese carmakers, Asos
20th Jun 2024 07:22
(Sharecast News) - Labour's plans for ending Britain's long-term economic stagnation have been backed by a group of leading economists, including three Nobel prize winners and a former Bank of England deputy governor. In a boost to the shadow chancellor, Rachel Reeves, the 16 UK and internationally based economists said change was "desperately needed" after the policy mistakes and failures of the past 14 years since the Conservatives took power. - Guardian
Read morePhoenix Group completes first phase of deleveraging programme
20th Jun 2024 07:18
(Sharecast News) - Phoenix Group announced on Thursday that it has successfully completed the initial phase of its deleveraging programme, including a significant debt redemption and refinancing exercise.
Read moreAlpha FMC to be taken over by Bridgepoint in £626m deal
20th Jun 2024 07:17
(Sharecast News) - Alpha Financial Markets Consultancy said on Thursday that it has agreed to be bought by private equity firm Bridgepoint for 505p per share in cash.
Read moreUK consumer confidence pushes higher - GfK
20th Jun 2024 07:17
(Sharecast News) - UK consumer confidence strengthened in June, a long-running survey showed on Friday, as hopes for the economic recovery gained ground.
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