News Archive
STMicroelectronics unveils plans for €5bn chip plant in Italy
31st May 2024 11:32
(Sharecast News) - Europe semiconductor giant and Apple supplier STMicroelectronics on Friday announced plans to build the world first fully integrated silicon carbide (SiC) facility in Italy, requiring a total investment of €5bn.
Read moreEurope midday: Shares rally despite rise in May EZ inflation
31st May 2024 11:20
(Sharecast News) - European shares rallied on Friday as investors digested higher-than-expected flash eurozone inflation data and awaited a key CPI measure from the US.
Read moreLondon midday: Stocks rise as broker notes lend a hand; US PCE eyed
31st May 2024 11:03
(Sharecast News) - London stocks had edged further into the black by midday on Friday, with broker notes helping to lift the top-flight index, as investors eyed the release of US CPE figures.
Read moreRBC Capital lifts Centrica to 'outperform', shares rally
31st May 2024 10:37
(Sharecast News) - RBC Capital Markets upgraded Centrica on Friday to 'outperform' from 'sector perform' and lifted the price target to 170p from 145p.
Read moreJefferies reiterates 'buy' on National Grid, trims price target
31st May 2024 10:34
(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.
Read moreHeadache for ECB as eurozone May inflation rises more than expected
31st May 2024 10:32
(Sharecast News) - Eurozone inflation rose in May, according to official data published on Friday, as prices stubbornly refused to shift and indicating a tougher path ahead for the European Central Bank's monetary policy.
Read moreUK consumer credit halves while mortgage approvals dip
31st May 2024 10:16
(Sharecast News) - The amount of credit given to UK consumers halved in April, according to data out on Friday from the Bank of England, while mortgage approvals fell as buyers held out for a potential cut to interest rates later this summer.
Read moreJPMorgan reiterates 'overweight' on Whitbread
31st May 2024 09:43
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Whitbread on Friday as it said it continues to be one of its key convictions, and sees the recent pullback - the shares are down 20% year-to-date - as "an opportunity to revisit the story".
Read moreShort-lived sunny spell helps boost UK supermarkets
31st May 2024 09:35
(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.
Read moreUS pre-open: Futures slip as investors await key inflation gauge
31st May 2024 09:29
(Sharecast News) - US stock futures were pointing to a negative start on Wall Street on Friday with investors awaiting a key inflation indicator ahead of the opening bell.
Read moreFlutter shares dive as CFO departs, listing shifts to US
31st May 2024 08:53
(Sharecast News) - Shares in Flutter Entertainment nosedived on Friday as the gambling outfit said finance chief Paul Edgecliffe-Johnson would leave the company with immediate effect as it shifted its listing to the US.
Read moreGerman retail sales dropped sharply in April
31st May 2024 08:31
(Sharecast News) - Retail sales in Germany dropped sharply in April, pulling back after a stronger-than-expected increase the previous month, according to Destatis.
Read moreEurope open: Shares down ahead of EZ, US inflation data; JD Sports slumps
31st May 2024 08:27
(Sharecast News) - European shares were in the red at the open on Friday as investors nervously awaited inflation data from the eurozone and US.
Read moreGalliford Try wins government contracts worth £101m
31st May 2024 08:20
(Sharecast News) - Galliford Try has secured government work worth more than £100m, the construction group said on Friday, including a contract to finish an immigration detention centre.
Read moreAsia report: Shares creep ahead before US, eurozone CPI data
31st May 2024 08:12
(Sharecast News) - Asian stocks edged ahead on Friday as investors waited for inflation readings from Europe and the US for indications on the future movement of interest rates globally.
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