News Archive
Ericsson warns of 'challenging' conditions, but Q2 profits beat forecasts
12th Jul 2024 08:56
(Sharecast News) - Swedish telecoms giant Ericsson reported a decline in sales in its second quarter and warned that market conditions would remain "challenging" for the rest of the year, but still managed to beat profit forecasts.
Read moreAsia report: Markets up on US data; Yen in focus on BoJ speculation
12th Jul 2024 08:55
(Sharecast News) - Asian share markets closed largely higher as a fall in US inflation boosted hopes of a rate cut in September by the Federal Reserve, but Japanese stocks fell sharply on speculation authorities intervened to support the yen.
Read moreShore Capital upgrades Softcat back to 'buy' after recent declines
12th Jul 2024 08:32
(Sharecast News) - Shore Capital has moved its rating for Softcat back to a 'buy', just two weeks after downgrading the stock, following a big share-price decline at the IT infrastructure group.
Read moreSmurfit Westrock 'top pick' in sector, says JPMorgan
12th Jul 2024 08:30
(Sharecast News) - JPMorgan Cazenove initiated coverage of Smurfit Westrock on Friday with an 'overweight' rating and $66 price target, adding the stock to its 'Analyst Focus List'.
Read moreLondon open: FTSE gains as attention turns to US bank earnings
12th Jul 2024 08:22
(Sharecast News) - London stocks rose in early trade on Friday as investors turned their attention to the US, where banks are due to kick off the earnings season.
Read moreEurope open: US CPI data boosts Stoxx
12th Jul 2024 08:02
(Sharecast News) - European shares opened higher on Friday, with sentiment buoyed by an unexpected fall in US inflation that raised hopes of a rate cut in September.
Read moreMolten Ventures successfully exits from three investments
12th Jul 2024 07:44
(Sharecast News) - Venture capital firm Molten Ventures announced successful exits from Graphcore, Perkbox and Endomag on Friday, highlighting returns above or in line with holding values.
Read moreRBC Capital trims Hays price target
12th Jul 2024 07:26
(Sharecast News) - RBC Capital Markets cut its price target on Hays on Friday after the recruiter said a day earlier that full-year profit was set to be around the bottom end of the market consensus range of £106m to £113m as it posted a drop in fourth-quarter net fees.
Read moreLondon pre-open: Stocks to rise as investors eye US bank earnings
12th Jul 2024 07:24
(Sharecast News) - London stocks were set to rise at the open on Friday as investors turned their focus to the US, where banks are due to kick off the earnings season.
Read moreChina exports rise by 8.6% in June, but imports fall
12th Jul 2024 07:11
(Sharecast News) - Chinese exports rose by a greater-than-expected 8.6% in June year on year, while imports fell unexpectedly by 2.3%, according to official data published on Friday.
Read moreFriday newspaper round-up: Post Office, Rosebank, Carpetright
12th Jul 2024 07:10
(Sharecast News) - Labour will miss its target of delivering 1.5m new homes this parliament without an emergency cash injection into the affordable housing sector, providers have warned. Housing associations and councils have written to deputy prime minister, Angela Rayner, saying her promise to deliver "the biggest boost to affordable housing in a generation" will be impossible unless there are urgent interventions to fix the financial pressures providers face. - Guardian
Read moreOutflows mount at Ashmore on 'subdued' risk appetite
12th Jul 2024 07:01
(Sharecast News) - Assets under management at Ashmore Group fell in the last quarter, the specialist fund manager said on Friday, on the back of weaker investor sentiment.
Read moreUS close: Stocks end mixed despite inflation slowdown, Daly comments
11th Jul 2024 21:13
(Sharecast News) - US stocks finished mixed on Thursday, with the Dow edging higher but the S&P 500 and Nasdaq sinking sharply back from record highs, despite rising hopes that the Federal Reserve may cut interest rates sooner than anticipated.
Read moreSector movers: Homebuilders, water utilities pace gains
11th Jul 2024 20:13
(Sharecast News) - Homebuilders and Utilities paced gains on Thursday following the release of a weaker-than-expected reading for US inflation in the month of June that weighed on longer-term government bond yields on either side of the Atlantic.
Read moreDirector dealings: National Grid non-exec buys shares after capital raise
11th Jul 2024 16:02
(Sharecast News) - Earl Shipp, an independent non-executive director at National Grid, picked up some shares in the utilities group at the start of the third quarter.
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