News Archive
Asia 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.
Read morePetrofac's delayed results reveal $505m loss as talks with creditors continue
31st May 2024 08:01
(Sharecast News) - Petrofac, the energy services group whose shares are currently suspended, has finally released its delayed annual results for 2023, which showed a net loss of more than half a billion dollars following a "challenging year".
Read moreLondon open: Stocks nudge up ahead of US PCE
31st May 2024 07:58
(Sharecast News) - London stocks nudged up in early trade on Friday as investors mulled the latest UK house price and retail footfall data and eyed the release of US CPE figures.
Read moreUK house prices return to growth in May - Nationwide
31st May 2024 07:45
(Sharecast News) - UK house prices returned to growth in May after two months of declines, according to data released by Nationwide on Friday.
Read moreCompetition watchdog opens probe into Nationwide-Virgin Money deal
31st May 2024 07:42
(Sharecast News) - The competition watchdog is to investigate the proposed £2.9bn acquisition of Virgin Money by Nationwide Building Society, it was confirmed on Friday.
Read moreChina manufacturing PMI falls more than expected in May
31st May 2024 07:41
(Sharecast News) - China Factory activity slowed more than expected in May, hitting a three-month low, as the world's second-largest economy continued to battle problems in its property market, according to survey data published on Friday.
Read moreLondon pre-open: Stocks to edge up ahead of US PCE
31st May 2024 07:38
(Sharecast News) - London stocks were set to edge up at the open on Friday as investors eyed the release of the latest US CPE figures.
Read moreFrasers Group lifts stake in Hugo Boss to £305m
31st May 2024 07:34
(Sharecast News) - Mike Ashley's retail conglomerate Frasers Group has raised its stake in Hugo Boss after a sharp drop in the German fashion group's share price since the start of the year.
Read moreFriday newspaper round-up: Royal Mail, fossil fuels, Anglo American
31st May 2024 07:21
(Sharecast News) - The union that represents workers at Royal Mail has called for a new business model for the company that would see workers given a stake in the company and pay tied to growing services and meeting certain social benefits. Dave Ward, the general secretary of the Communications Workers Union (CWU), said that the potential takeover by the Czech billionaire Daniel Křetínský should provide a moment to overhaul how the company is structured, which could mirror that of US-style public benefit corporations. - Guardian
Read moreGovernment cuts NatWest stake to 22.5% after £1.24bn sale
31st May 2024 07:17
(Sharecast News) - The government has sold a £1.24bn stake in NatWest, as the HM Treasury continues to reduce its shareholding in the state-backed lender.
Read moreHarbour Energy making 'good progress' on Wintershall takeover
31st May 2024 07:14
(Sharecast News) - Harbour Energy said on Friday its blockbuster $11.2bn acquisition of Wintershall Dea's non-Russian oil and gas assets remained on track, with publication of the deal prospectus expected shortly.
Read moreAB Foods slumps as majority shareholder sells 10.3m shares
31st May 2024 07:14
(Sharecast News) - Associated British Foods was in the red on Friday after UBS said that its biggest shareholder, Howard Investments Limited - a wholly-owned subsidiary of Wittington - has sold 10.3m shares in the Primark owner in a placing.
Read moreJD Sports Fashion holds outlook amid 'volatile' market as FY profits slip
31st May 2024 07:09
(Sharecast News) - Shares in JD Sports Fashion fell sharply on Friday despite the company holding annual guidance amid a "volatile" market as it said group current-year first-quarter like-for-like sales were down 0.7% and 6.4% in the UK.
Read moreUS close: Dow falls for third straight day as investors await PCE data
30th May 2024 21:36
(Sharecast News) - US stocks finished firmly in the red on Thursday as indices continue to retreat from their recent record highs on the back of mixed economic data.
Read moreDirectors dealings: Rolls-Royce non-exec picks up shares near record highs
30th May 2024 18:03
(Sharecast News) - Rolls-Royce non-executive director Dame Angela Strank picked up some shares in the engineer as its shares hit a fresh record high.
Read more