News Archive
Eurozone retail sales fall more than expected
6th Jun 2024 09:43
(Sharecast News) - Retail sales in the eurozone fell more than expected in April declining across all major categories, according to data released on Thursday by Eurostat.
Read moreUK economy to grow by more than expected - BCC
6th Jun 2024 09:33
(Sharecast News) - The British Chambers of Commerce upgraded its outlook for the UK economy on Thursday, but warned long-term growth was likely to be subdued.
Read moreUK construction sector grows at fastest pace in two years
6th Jun 2024 09:32
(Sharecast News) - The UK construction sector grew in May at its fastest pace in two years, according to a survey released on Thursday.
Read moreCamellia FY revenues seen higher, pre-tax losses expected to widen
6th Jun 2024 09:26
(Sharecast News) - Tea producer Camellia said on Thursday that annual revenues were expected to grow year-on-year despite reduced tea production expectations in India and further drops in tea prices in both Kenya and Malawi.
Read moreITM Power FY losses better-than-expected
6th Jun 2024 08:59
(Sharecast News) - Energy storage and clean fuel company ITM Power said on Thursday that full-year underlying losses were better than initially expected as it worked to attain "a positive operating rhythm" throughout the twelve months ended 30 April.
Read moreCommodity trader Trafigura sees profits drop as market normalises
6th Jun 2024 08:57
(Sharecast News) - Singaporean commodity trading giant Trafigura saw profits slide in the first half of its financial year, with underlying earnings nearly halving as markets normalised following a period of record earnings over recent years.
Read moreEurozone construction sector continues to struggle
6th Jun 2024 08:35
(Sharecast News) - The Eurozone's beleaguered construction sector saw another sharp fall in orders in May, official data showed on Thursday, weighing heavily on employment.
Read moreEurope open: Shares on the rise ahead of expected ECB rate cut
6th Jun 2024 08:16
(Sharecast News) - European shares started Thursday in bright mood with all eyes were on the European Central Bank for a widely-expected cut in interest rates from record highs.
Read moreLondon open: Stocks nudge up ahead of ECB announcement
6th Jun 2024 08:01
(Sharecast News) - London stocks nudged up in early trade on Thursday following an upbeat close on Wall Street, as investors awaited an expected 25 basis points rate cut from the European Central Bank.
Read moreAsia report: Markets rally as rate cut bets start to firm
6th Jun 2024 07:48
(Sharecast News) - Asian shares were largely positive on Thursday on as investors awaited a widely forecast cut in interest rates from the European Central Bank, while hopes were also rising for a similar move by the US Federal Reserve.
Read moreTonic maker Fever-Tree on track as market share climbs
6th Jun 2024 07:45
(Sharecast News) - London-based tonic and soda maker Fever-Tree Drinks said on Thursday that sales have risen over the year to date, as it continues to drive market share gains across all regions.
Read moreN Brown returns to FY statutory profit
6th Jun 2024 07:44
(Sharecast News) - Online retailer N Brown Group said on Thursday that it had returned to profit in the year ended 2 March thanks to lower adjustments and a focus on driving profitable sales.
Read moreWood Group to 'engage' with Sidara on takeover proposal
6th Jun 2024 07:34
(Sharecast News) - Wood Group said late on Wednesday that it had decided to "engage" with Sidara after the Dubai-based engineering and consulting firm made an improved and final takeover proposal last week at 230p a share.
Read moreLondon pre-open: Stocks seen up ahead of ECB announcement
6th Jun 2024 07:32
(Sharecast News) - London stocks were set to rise at the open on Thursday following an upbeat close on Wall Street, as investors awaited an expected rate cut announcement from the European Central Bank.
Read moreThursday newspaper round-up: Nvidia, Rishi Sunak, M&S
6th Jun 2024 07:23
(Sharecast News) - Shares of Nvidia rallied to record highs on Wednesday, with the artificial-intelligence chipmaker's stock market valuation hitting the $3tn mark and overtaking Apple to become the world's second most valuable company. The chipmaker's stock was up 5.16% at $1,224.40, giving Nvidia a market value of $3.01tn at market close. Apple's market capitalization was at $3.00tn at market close as its stock climbed 0.78%. - Guardian
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