News Archive
Acciona trims earnings outlook, shares slide
24th May 2024 10:25
(Sharecast News) - Shares in Spain's Acciona fell sharply on Friday, after the energy and construction conglomerate's first-quarter update disappointed.
Read moreKinovo FY results seen ahead of prior expectations
24th May 2024 10:09
(Sharecast News) - Property services group Kinovo said on Friday that it had delivered a "strong performance", with full-year results now anticipated to be ahead of prior expectations.
Read moreAsia report: Regional markets finish week in the red
24th May 2024 09:23
(Sharecast News) - Asia-Pacific markets experienced significant declines on Friday, following a steep sell-off on Wall Street fueled by concerns over interest rates and the release of inflation data from Japan.
Read moreCiti upgrades Mondi to 'buy'
24th May 2024 08:57
(Sharecast News) - Citi upgraded its stance on Mondi on Friday to 'buy' as it said that after a difficult couple of years, the market headwinds of destocking and lower pricing are reversing across the packaging company's product segments (board, flexibles, paper).
Read moreCoventry Building Society snaps up Co-op Bank in £780m deal
24th May 2024 08:46
(Sharecast News) - Co-operative Bank Holdings is being taken over by Coventry Building Society in a £780m deal, it was confirmed on Friday, the latest consolidation in the UK banking sector.
Read moreAverage household energy bills to fall by £122
24th May 2024 08:00
(Sharecast News) - Average household energy bills are set to fall by £122 this summer, it was confirmed on Friday, after the regulator lowered the price cap.
Read moreEurope open: Shares down as inflation hits summer rate cut hopes
24th May 2024 07:54
(Sharecast News) - European shares opened sharply lower on Friday as worries that persistent inflation could see a delay in planned interest rate cuts this year weighed on sentiment.
Read moreLondon open: Stocks fall as retail sales disappoint
24th May 2024 07:44
(Sharecast News) - London stocks fell in early trade on Friday, taking their cue from weakness in the US and Asia, as investors mulled a bigger-than-expected drop in UK retail sales.
Read moreIntertek hails 'strong' start to year, underpinned by consumer products arm
24th May 2024 07:34
(Sharecast News) - Intertek backed its full-year expectations on Thursday as it hailed a strong start to the year, with 7% growth in like-for-like revenue, driven by a recovery in the consumer products segment.
Read moreJury rules in favour of GSK in Zantac trial
24th May 2024 07:30
(Sharecast News) - A court in Illinois has ruled in favour of GSK in the first Zantac case to go to trial, the UK drugs giant confirmed on Friday.
Read moreGerman GDP Q1 growth confirmed at 0.2%
24th May 2024 07:25
(Sharecast News) - Germany's economy grew 0.2% in the first quarter of 2024 compared with the final three months of last year, confirming a flash estimate, the Federal statistics office said on Friday.
Read moreLondon pre-open: Stocks to fall after US and Asian losses; retail sales in focus
24th May 2024 07:24
(Sharecast News) - London stocks were set to fall at the open on Friday following heavy losses in the US and Asia, as investors mulled a bigger-than-expected drop in UK retail sales.
Read moreStephen Bird stepping down as Abrdn CEO
24th May 2024 07:23
(Sharecast News) - Abrdn announced a leadership transition on Friday, with group chief executive officer Stephen Bird stepping down.
Read moreFriday newspaper round-up: Energy price cap, Mike Lynch, News Corp
24th May 2024 07:11
(Sharecast News) - The energy price cap in Great Britain will fall to the equivalent of £1,568,a year this summer after a drop in wholesale gas prices. Set by the energy regulator, Ofgem, the cap reflects the average annual dual-fuel bill for 29m households and takes effect from July until the end of September. The cap, which is set quarterly, will fall £122 in July from its current level of £1,690, easing the pressure on household finances. - Guardian
Read moreAJ Bell founder Andy Bell sells 7.5m shares in placing, raises £28.1m
24th May 2024 07:05
(Sharecast News) - AJ Bell said on Friday that founder Andy Bell sold 7.5m shares in the investment platform in a placing at 375p each, raising around £28.1m.
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