News Archive
Crest Nicholson slashes dividend after posting first-half loss
13th Jun 2024 07:26
(Sharecast News) - Home construction group Crest Nicholson slashed its interim dividend payment after swinging to a loss in the first half, as the company substantially scaled back its profit guidance for the full year, causing shares to sink on Thursday.
Read moreUK house prices ease in May - RICS
13th Jun 2024 07:23
(Sharecast News) - UK house prices fell in May, an industry survey showed on Thursday, as the market's recovery lost momentum.
Read moreThursday newspaper round-up: Revolut, BT Group, housing market
13th Jun 2024 07:23
(Sharecast News) - Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation. The Conservatives' 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says. - Guardian
Read morePeel Hunt revenues rise, but losses widen
13th Jun 2024 07:17
(Sharecast News) - Investment banking and broking firm Peel Hunt reported resilience despite ongoing challenges in capital markets in its full-year results on Thursday, with a 4% increase in revenue to £85.8m.
Read moreSt James's Place pinches Credit Suisse vet to succeed CFO Craig Gentle
13th Jun 2024 07:14
(Sharecast News) - Financial advisory firm St. James's Place has appointed the chief financial officer of Credit Suisse's UK operations as its new CFO, replacing Craig Gentle who will be retiring from the business after six years leading the finance function.
Read moreVirgin Money profits up but still sees tough second half
13th Jun 2024 07:03
(Sharecast News) - Virgin Money, set to be taken over by Nationwide in a £2.9bn deal, on Thursday posted an 18% jump in interim profit as it continued to benefit from higher interest rates and a lower bad debt charge, but reiterated it expected headwinds in the second half of the year.
Read moreUS close: S&P 500, Nasdaq hit new highs after CPI data and FOMC meeting
12th Jun 2024 22:02
(Sharecast News) - US stocks finished mostly higher on Wednesday with the S&P 500 and Nasdaq reaching new highs after data showed a larger-than-expected slowdown in inflation and the Federal Reserve gave more visibility around the interest-rate outlook.
Read moreEurope close: US CPI down, stocks up, Fed still to go
12th Jun 2024 16:49
(Sharecast News) - European shares gained as investors moved to price back in a first interest rate cut by the US Federal Reserve in September, even as they waited on the central bank's rate decision after the close of markets.
Read moreECB's De Guindos says direction of rates 'clear', but cautious in near-term
12th Jun 2024 16:06
(Sharecast News) - Luis de Guindos at the European Central Bank expressed confidence that interest rates were headed lower still, but perhaps more slowly than anticipated.
Read moreSector movers: Industrial Support Services, Real estate names pace gains
12th Jun 2024 15:56
(Sharecast News) - A rebound in shares of Rentokil was the standout feature in the UK investing landscape in the middle of the week.
Read moreAlpha FMC extends takeover deadline as talks with Bridgepoint ongoing
12th Jun 2024 15:30
(Sharecast News) - Alpha Financial Markets said on Wednesday that the 'put up or shut up' deadline for Bridgepoint to make an offer for the group has been extended as the two parties are still in talks.
Read moreDirector dealings: RWS Holdings CEO ups stake
12th Jun 2024 15:17
(Sharecast News) - RWS Holdings revealed on Wednesday that chief executive Ian El-Mokadem had acquired 5,000 ordinary shares in the AIM-listed intellectual support services firm.
Read moreBroker tips: Whitbread, GB Group, Renew Holdings, Flutter Entertainment
12th Jun 2024 15:16
(Sharecast News) - Jefferies reiterated its 'buy' rating on Whitbread but lowered its target price on the stock to 4,000.0p from 4,200.0p on the back of the hospitality firm's growth plans.
Read moreLondon close: Stocks rise as US inflation undershoots forecasts
12th Jun 2024 15:00
(Sharecast News) - London stocks closed higher on Wednesday as investors reacted to economic data from the US and the UK, with lower-than-expected inflation figures from the United States and uninspiring GDP data from the UK.
Read moreThursday preview: US producer prices, US Treasury auctions in focus
12th Jun 2024 14:45
(Sharecast News) - The market spotlight on Thursday will continue to be on the US inflation picture.
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