News Archive
SIG unveils refinancing plans
14th Oct 2024 09:38
(Sharecast News) - SIG unveiled plans to refinance its existing debt on Monday, with a proposed offering of €300m senior secured notes due in 2029.
Read moreCoral Products swings to FY loss
14th Oct 2024 09:30
(Sharecast News) - Plastic products manufacturer Coral Products warned on Monday that it would be lossmaking in FY25 as a result of a reduction in both revenues and gross margins.
Read moreRBC stays positive about JD Sports on improving global footprint
14th Oct 2024 09:15
(Sharecast News) - JD Sports Fashion's share price has fallen sharply in the wake of the retailer's interim results two weeks ago, but RBC Capital Markets has reiterated its 'outperform' rating, saying that the stock's valuation still remains "undemanding".
Read moreAsia report: Most markets rise despite China disappointment
14th Oct 2024 08:42
(Sharecast News) - Asia-Pacific markets were mostly positive on Monday as investors reacted to news from China and anticipated economic data releases from the region later in the week.
Read moreGambling stocks tank on report of potential £3bn tax raid
14th Oct 2024 08:28
(Sharecast News) - UK gambling stocks tumbled on Monday following a report the government is planning a tax raid of up to £3bn on the gambling sector in this month's Budget.
Read moreFrasers Group's Ger Wright steps down as Sport MD
14th Oct 2024 08:06
(Sharecast News) - Retailer Frasers Group revealed on Monday that Ger Wright will stand down from her role as managing director of Sport on 30 November but will remain on its board as a non-executive director.
Read moreEurope open: Stoxx higher, UK gambling shares slump on tax threat
14th Oct 2024 08:04
(Sharecast News) - European shares edged ahead at the open on Monday after much hoped for detail on China stimulus measures failed to materialise on the weekend and UK gambling stocks slumped on a report the new Labour government was about to hit their hefty profits with a windfall tax.
Read moreLondon open: FTSE nudges lower as gambling stocks tank
14th Oct 2024 07:57
(Sharecast News) - London stocks nudged down in early trade on Monday as investors eyed the release of key UK data points this week, with gambling shares under the cosh amid reports of a potential £3bn tax raid on the sector.
Read moreGSK reports positive results from depemokimab trial
14th Oct 2024 07:55
(Sharecast News) - GSK has announced positive results from a phase III trial of its depemokimab treatment for chronic rhinosinusitis with nasal polyps (CRSwNP).
Read moreTI Fluid 'minded to recommend' 200p-a-share takeover offer from ABC Technologies
14th Oct 2024 07:54
(Sharecast News) - TI Fluid Systems said on Monday that it would be "minded to recommend" an improved takeover proposal from ABC Technologies at 200p a share, should a firm offer be made.
Read moreJPMorgan upgrades Bunzl to 'overweight'
14th Oct 2024 07:40
(Sharecast News) - JPMorgan Cazenove upgraded Bunzl on Monday to 'overweight' from 'neutral' and lifted the price target to 3,980p from 3,660p as it increased its medium-term underlying margin assumptions to reflect greater confidence in a positive trajectory.
Read moreLondonMetric adds £8.5m rent in year to date
14th Oct 2024 07:38
(Sharecast News) - LondonMetric Property said it had settled a number of deals that have added £8.5m in annual rent in the financial year to date.
Read moreAshmore puts in solid Q1 performance on emerging market strength
14th Oct 2024 07:38
(Sharecast News) - Shares in Ashmore rose strongly on Monday after the emerging market asset manager reported a 5% increase in assets under management (AuM) in the first quarter, helped by a positive investment performance and increasing investor appetite.
Read moreLondon pre-open: Stocks seen lower ahead of key data releases
14th Oct 2024 07:36
(Sharecast News) - London stocks were set to edge down at the open on Monday as investors eyed the release of key UK data points this week, including jobs figures on Tuesday and inflation readings on Wednesday.
Read moreMonday newspaper round-up: Harland & Wolff, Post Office, top rate taxpayers
14th Oct 2024 07:27
(Sharecast News) - Spanish shipbuilding firm Navantia is in exclusive negotiations to buy Harland & Wolff, the owner of the Belfast shipyard that built the Titanic, in a deal that could rescue up to 1,000 jobs. It is understood the group could take control of the group's four yards - in Belfast; Appledore, Devon; Arnish on the Isle of Lewis; and Methil, Fife - as early as next month. - Guardian
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