News Archive
US consumer confidence breaks three-month stretch of declines in May
28th May 2024 15:13
(Sharecast News) - Confidence around current labour market conditions buoyed US consumer sentiment in May, the results of a closely followed survey revealed.
Read moreFTSE 100 movers: ICG rallies on results; Flutter in the red
28th May 2024 15:06
(Sharecast News) - London's FTSE 100 was down 0.9% at 8,245.71 in afternoon trade on Tuesday.
Read moreOfwat set to refuse water companies' price increases; shares hit
28th May 2024 14:33
(Sharecast News) - UK water companies were under pressure on Tuesday following a report that Ofwat was set to refuse most companies' requests to hike consumer bills, with some getting as little as half of what they have asked for.
Read moreBoohoo u-turns on exec bonuses after investor outrage
28th May 2024 14:07
(Sharecast News) - Fast fashion retailer Boohoo has backtracked on a plan to seek investor approval to hand £1m each in bonuses to co-founders Mahmud Kamani and Carol Kane along with chief executive John Lyttle.
Read moreCalliditas Therapeutics surges on SEK11.8bn takeover offer from Asahi Kasei
28th May 2024 14:06
(Sharecast News) - Calliditas Therapeutics surged on Tuesday after Japan's Asahi Kasei offered to buy the Swedish drugs firm for around 11.8bn Swedish kronor.
Read moreReeves rules out snap budget if Labour wins election
28th May 2024 14:05
(Sharecast News) - UK Labour Party shadow finance minister Rachel Reeves said there would be no emergency budget statement this summer if her party won the general election on July 4 and also ruled out further tax rises beyond what had been outlined already.
Read moreUS open: Stocks mixed early as oil prices surge
28th May 2024 13:53
(Sharecast News) - US stocks were mixed on Tuesday morning with the Dow continuing its recent sell-off as investors turned cautious amid rising concerns about inflation, with oil prices jumping more than 2%.
Read moreFlutter Entertainment hit as Illinois Senate approves sports betting tax
28th May 2024 12:52
(Sharecast News) - DraftKings and FanDuel owner Flutter Entertainment slid on Thursday after the Illinois Senate passed a bill that would make Illinois the second most expensive state for wagers to do business in.
Read moreT-Mobile to buy nearly all of US Cellular in $4.4bn deal
28th May 2024 12:03
(Sharecast News) - T-Mobile said on Tuesday that it has agreed to buy nearly all of US Cellular's wireless operations in a $4.4bn deal.
Read moreBroker tips: Fevertree, LSE Group, Mitchells and Butlers
28th May 2024 12:02
(Sharecast News) - Goldman Sachs downgraded Fevertree to 'sell' from 'neutral' on Tuesday and cut the price target to 1,050p from 1,075p.
Read moreWednesday preview: Fedspeak, Beige Book in focus
28th May 2024 11:58
(Sharecast News) - Investors' focus in the middle of the week will continue to be on the scheduled remarks of top Fed officials as investors continue to wait on the week's key release, the PCE price index on Friday.
Read moreWaystar looks to raise $1bn in Nasdaq IPO
28th May 2024 11:53
(Sharecast News) - Healthcare payments software group Waystar announced on Tuesday that it is seeking to raise around $1bn in its stock-market debut this summer.
Read moreABN Amro snaps up German private bank in €672m deal
28th May 2024 11:43
(Sharecast News) - ABN Amro is to acquire German private bank Hauck Aufhauser Lampe in a €672m deal, it was confirmed on Tuesday.
Read moreEurope midday: Shares slip into red as eyes turn to EZ, US inflation
28th May 2024 11:29
(Sharecast News) - European shares slipped into the red on Tuesday as traders looked ahead to inflation data across the Atlantic later in the week while hopes of a June interest rate cut from the European Central Bank were buoyed by comments from two policymakers on Monday.
Read moreGoldman Sachs downgrades Fevertree to 'sell'
28th May 2024 11:06
(Sharecast News) - Goldman Sachs downgraded Fevertree to 'sell' from 'neutral' on Tuesday and cut the price target to 1,050p from 1,075p.
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