News Archive

London midday: Stocks dip as investors eye UK inflation, BoE

17th Jun 2024 10:45

(Sharecast News) - London stocks had dipped into the red by midday on Monday as worries about French political uncertainty crept in again, and as investors eyed a key UK inflation reading and the latest policy announcement from the Bank of England later in the week.

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US pre-open: Futures mixed, but Nasdaq tests new highs

17th Jun 2024 10:35

(Sharecast News) - US stock futures were pointing to a mixed start on Wall Street on Monday, though the Nasdaq is expected to test new highs to start a shortened trading week.

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Goldman Sachs downgrades SSP to 'sell', prefers WH Smith

17th Jun 2024 10:05

(Sharecast News) - Goldman Sachs downgraded SSP on Monday to 'sell' from 'neutral' "on a relative basis" as it took a look at European travel concessions.

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Cornish Metals agrees sale of Nickel King Property

17th Jun 2024 09:54

(Sharecast News) - Cornish Metals announced on Monday that it has entered into a binding letter of intent with Northera Resources for the sale of its 100% interest in the Nickel King and Opescal Lake properties, collectively known as the Nickel King Property.

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UBS to book $900m provision over Greensill supply financing funds

17th Jun 2024 09:47

(Sharecast News) - Swiss banking giant UBS announced on Monday that it expected to book a provision of about $900m related to Credit Suisse's funds, tied to the collapsed supply chain financing firm Greensill Capital.

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Asia report: Markets fall as investors digest wave of China data

17th Jun 2024 09:31

(Sharecast News) - Asia-Pacific markets were primarily in the red on Monday, as investors digested key economic data from China.

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Citi downgrades European equities to 'neutral'

17th Jun 2024 09:30

(Sharecast News) - Citi downgraded its stance on European equities on Monday to 'neutral' from 'overweight' as it said near-term risks have increased, with markets narrowing and political uncertainty taking centre stage.

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Hutchmed publishes positive sovleplenib trial results

17th Jun 2024 09:28

(Sharecast News) - Hutchmed China announced the publication of positive results from its phase three 'ESLIM-01' trial of sovleplenib in the Lancet Haematology.

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UK manufacturing outlook improves as output and orders gain in Q2

17th Jun 2024 09:19

(Sharecast News) - The outlook for the UK's manufacturing sector as picked up after output and orders rose strongly in the second quarter, according to a survey from Make UK released on Monday.

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Somero trading in line with expectations

17th Jun 2024 09:07

(Sharecast News) - Somero Enterprises said in an update on Monday that trading for the first five months of 2024 was consistent with expectations.

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Aptitude inks three-year deal with US insurance brokerage

17th Jun 2024 09:02

(Sharecast News) - Financial software solutions provider Aptitude Software announced a significant contract win with a prominent multibillion-dollar insurance brokerage in the United States on Monday.

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Picton Property reports solid asset management progress

17th Jun 2024 08:58

(Sharecast News) - Picton Property Income announced significant developments in its asset management strategy on Monday.

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CLS to convert Paris office into serviced apartments

17th Jun 2024 08:55

(Sharecast News) - CLS Holdings announced plans on Monday to convert its Debussy office property on Boulevard de la République in La Garenne-Colombes, Paris, into serviced apartments.

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Rising freight costs shouldn't hit B&M too much, says RBC

17th Jun 2024 07:55

(Sharecast News) - RBC Capital Markets has said that rising freight costs shouldn't have a material impact on budget retail B&M, as it kept an 'outperform' rating on the stock.

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London open: Stocks gain as investors eye CPI, BoE decision

17th Jun 2024 07:54

(Sharecast News) - London stocks rose in early trade on Monday as investors eyed a key UK inflation reading and the latest policy announcement from the Bank of England later in the week.

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