News Archive
Europe close: Political uncertainty weighs heavily on stocks
11th Jun 2024 15:05
(Sharecast News) - European stocks dropped sharply on Tuesday as ongoing political uncertainty weighed heavily on market sentiment in the aftermath of European Parliament elections which saw the advance of a number of far-right parties.
Read moreZantac litigation fears overdone at GSK, says Shore Capital
11th Jun 2024 14:31
(Sharecast News) - Volatile moves in GSK's share price are likely to persist in the near term as a result of ongoing Zantac-related litigation, but the long-term investment case is "still appealing", according to Shore Capital, which kept a 'buy' rating on the stock.
Read moreFTSE 100 movers: Hikma boosted by Citi note; miners slump
11th Jun 2024 14:25
(Sharecast News) - London's FTSE 100 was down 0.9% at 8,152.46 in afternoon trade on Tuesday.
Read moreSenior Hamas official says UN ceasefire proposal has been accepted
11th Jun 2024 13:46
(Sharecast News) - A senior official from Palestinian terrorist group Hamas reportedly said the organisation had accepted the ceasefire resolution that had been approved the night before by the UN Security Council.
Read moreOPEC keeps global oil demand forecasts unchanged
11th Jun 2024 13:31
(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.
Read moreWednesday preview: US Fed decision, CPI on traders' minds
11th Jun 2024 13:19
(Sharecast News) - Will the US Federal Reserve cut interest rates three times by the end of 2024? Or only twice and perhaps even less?
Read moreBerenberg hikes target price on Intertek
11th Jun 2024 12:35
(Sharecast News) - Analysts at Berenberg hiked their target price on quality assurance business Intertek from 5,400.0p to 5,500.0p on Tuesday, citing faster-than-expected margin accretion.
Read moreCovestro close to granting Adnoc in-depth due diligence - report
11th Jun 2024 12:15
(Sharecast News) - Covestro is reportedly close to granting Abu Dhabi National Oil Co. access to in-depth due diligence in expectation of an improved takeover bid, signalling fresh impetus for the talks between both parties after a year of negotiations.
Read moreUK mortgages in arrears hit highest level since 2016
11th Jun 2024 12:08
(Sharecast News) - The share of outstanding UK mortgages in arrears rose to its highest level in nearly eight years in the first quarter of 2024, according to statistics released on Tuesday by the Bank of England, as elevated borrowing costs took their toll on household finances.
Read moreEurope midday: Shares slide into red; Covestro jumps on bid talk
11th Jun 2024 11:18
(Sharecast News) - European shares slid into the red on Tuesday as early optimism turned to caution over the rise of far-right parties in European parliament elections and how a US interest rate decision and inflation data later in the week will play out.
Read moreUS small business optimism rises, but so does uncertainty
11th Jun 2024 11:01
(Sharecast News) - Small business optimism in the United States rose to a five-month peak in May, but uncertainty was at its highest levels in three and a half years, according to the National Federation of Independent Business (NFIB).
Read moreHenry Boot subsidiary finalises land sale
11th Jun 2024 10:50
(Sharecast News) - Henry Boot announced on Tuesday that its subsidiary, Hallam Land Management, has finalised the sale of a freehold site in Ambrosden, Oxfordshire, to housebuilder Mulberry Homes.
Read moreCake Box profits jump amid new store openings
11th Jun 2024 10:48
(Sharecast News) - Cake Box posted a jump in full-year profit and revenue on Tuesday as the maker of fresh cream celebration cakes pointed to increased franchise store sales and new store openings.
Read moreLondon midday: Stocks turn lower as investors mull jobs data
11th Jun 2024 10:39
(Sharecast News) - London stocks had fallen into the red by midday on Tuesday as data showed that UK wages grew faster than expected in the three months to April.
Read moreUK's Sunak pledges £17bn in tax cuts, but questions remain over funding
11th Jun 2024 10:39
(Sharecast News) - Embattled UK Prime Minister Rishi Sunak has promised almost £17bn in tax cuts in an effort to kick-start his faltering election campaign that sees his Conservative Party trailing badly in the polls ahead of the vote on July 4.
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