News Archive
Asia report: Shares mixed as investors mull Australia GDP, India election
5th Jun 2024 08:03
(Sharecast News) - Asia shares were mixed on Wednesday as investors assessed the Indian election result, Australian GDP figures which showed slight growth in the first quarter, and private sector services survey data from China.
Read moreFirst-quarter sales jump at Inditex
5th Jun 2024 07:41
(Sharecast News) - Zara-owner Inditex posted "robust" first-quarter numbers on Wednesday, as sales comfortably met expectations.
Read moreWorkspace losses swell, but CEO predicts improving valuations
5th Jun 2024 07:36
(Sharecast News) - Office owner and operator Workspace Group reported strong rental income growth in the year to 31 March, though losses widened substantially due to falling property valuations.
Read moreLondon pre-open: Stocks seen up ahead of BoC, ADP report
5th Jun 2024 07:35
(Sharecast News) - London stocks were set to rise at the open on Wednesday following losses in the previous session and a firmer close on Wall Street.
Read moreParagon Banking profits soar, lifts buyback, lending forecasts
5th Jun 2024 07:25
(Sharecast News) - Specialist lender Paragon Banking more than doubled interim profit and said it would extend its share buyback by up to £50m as customer demand returned after the 'mini-budget' fiasco of Liz Truss's short-lived government last October.
Read moreWednesday newspaper round-up: Airbus, Tesco, Royal Mail, Mike Lynch
5th Jun 2024 07:22
(Sharecast News) - Britain's next government will need to fill a shortfall of up to £33bn in the public finances unless it is prepared to push through a fresh round of severe austerity measures, a thinktank has warned. The Resolution Foundation said the debate between Labour and the Conservatives over the funding of specific pledges was "detached from reality", with election promises based on cuts that would be hard to deliver. - Guardian
Read moreWH Smith sees sales slowdown in third quarter
5th Jun 2024 07:21
(Sharecast News) - Stationary and book retailer WH Smith said it remains on track to hit full-year forecasts despite a slowdown in sales growth in third quarter, as strong growth in the travel division was tempered by falling sales on the high street.
Read moreChina's services sector expands again in May - Caixin
5th Jun 2024 07:17
(Sharecast News) - Activity in China's services sector accelerated in May at its fastest pace in 10 months, according to data released on Wednesday.
Read moreUK services sector expands in May, price pressures ease
5th Jun 2024 07:16
(Sharecast News) - The UK's services sector continued to expand last month, a closely-watched survey showed on Wednesday, although the pace of growth eased.
Read moreB&M delivers annual profits at top end of guidance
5th Jun 2024 07:05
(Sharecast News) - Annual operating profits at B&M European Value Retail came in at the top end of guidance, but shares fell sharply on Wednesday after the discount retailer offered no firm guidance for the current financial year.
Read moreCentrica sees all units hitting medium-term earnings two years early
5th Jun 2024 07:03
(Sharecast News) - British Gas owner Centrica said trading was in line with expectations against the backdrop of a more "normalised" environment, with all retail supply and optimisation businesses to be within their medium-term sustainable adjusted operating profit ranges in 2024 - two years ahead of schedule.
Read moreUS close: Dow Jones reverses Monday's losses
4th Jun 2024 22:36
(Sharecast News) - Wall Street stocks closed higher on Tuesday as traders shrugged off disappointing manufacturing data from the previous session and cheered falling bond yields.
Read moreSector movers: Miners, Big Oil weigh on FTSE 350
4th Jun 2024 17:03
(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.
Read moreLondon close: Big Oil, miners drag on the FTSE 350
4th Jun 2024 16:15
(Sharecast News) - Falling commodity prices weighed on London stocks on Tuesday, with oil giants BP and Shell under pressure as oil prices retreated towards their 2024 lows.
Read moreEurope close: Oil stocks lead markets lower as crude prices slide
4th Jun 2024 16:11
(Sharecast News) - European stocks pared losses by the close but finished firmly lower, with heavy falls in Frankfurt, Milan and Madrid weighing heavily on the Stoxx 600 index.
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