News Archive

CLS offloads two non-core assets for £11m

10th Jun 2024 07:32

(Sharecast News) - Commercial property investment group CLS Holdings has offloaded two properties for a combined £10.7m, shedding non-core assets that were initiallly acquired as part of a larger portfolio purchase.

GSK's Arexvy vaccine approved for wider age range

10th Jun 2024 07:17

(Sharecast News) - US regulators have approved the use of GSK's Arexvy vaccine for a younger age group, the biopharma group announced on Monday.

Pennon names David Sproul new Chair Designate

10th Jun 2024 07:11

(Sharecast News) - Pennon Group chose David Sproul, a former global deputy CEO at Deloitte, as its Chair Designate.

ME Group confident after strong first half

10th Jun 2024 07:09

(Sharecast News) - ME Group International reported strong trading for the six months ended 30 April in an update on Monday, with a 4.6% increase in revenue, or 8.6% excluding foreign exchange, and a 10.3% rise in profit before tax, or 13.6% notwithstanding currency effects, compared to the same period last year.

Chemring signs deal with Northrop Grumman for missile material

10th Jun 2024 07:03

(Sharecast News) - Chemring said it had signed a 15-year deal partnering deal with US defence firm Northrop Grumman for the supply of HMX energetic material used in its missile programmes along with an order for the product worth $83m as demand for military weapons increased globally.

London pre-open: Stocks set for lower start after EU elections

10th Jun 2024 06:25

(Sharecast News) - Stocks in London look primed for a lower start as investors digest the gains made by far right parties in Austria, Germany, but above all France, at the European Union elections that were held at the weekend.

Monday newspaper round-up: Macron, THG, LSE Group

10th Jun 2024 06:24

(Sharecast News) - France's president, Emmanuel Macron, has been accused of gambling with French democracy after announcing that he will dissolve parliament and call snap legislative elections in the wake of his allies' crushing defeat to Marine Le Pen's far-right National Rally (RN) in Sunday's European parliament elections. - Guardian

Sunday newspaper round-up: Tax increases, Ashtead, Stamp duty

9th Jun 2024 12:19

(Sharecast News) - Tax increases worth £800 per year for the average household are on the way regardless of who comes out on top in the next general election, the Resolution Foundation says. Measures that have already been announced thus far will raise the tax haul by roughly £23bn by 2028-29. That is because freezing extant tax rates drives higher revenue for the Treasury. None of the two main parties has pledged to do away with a six-year freeze on income tax and national insurance thresholds or the coming spring's reversal of temporary reductions in business rates, fuel duty, stamp duty or land tax. - Guardian

Sunday share tips: Adriatic Metals, Pets at Home

9th Jun 2024 11:59

(Sharecast News) - The Financial Mail on Sunday's Midas column called attention to silver producer Adriatic Metals, arguing that its shares may "prove rewarding for the adventurous punter".

US close: Stocks slip as payroll data underwhelms

7th Jun 2024 22:26

(Sharecast News) - US stocks slipped on Friday after key labour-market indicators came in stronger than forecasts, cementing expectations that the Federal Reserve will hold interest rates steady for longer in an effort to tame economic growth and fight inflationary risks.