News Archive
ShoreCap says NatWest entering fair value territory, downgrades
20th May 2024 10:17
(Sharecast News) - Shore Capital downgraded NatWest on Monday to 'hold' from 'buy' as it said the shares were "entering fair value territory".
Read morePureTech Health launches $100m tender offer
20th May 2024 10:13
(Sharecast News) - Clinical-stage biotherapeutics company PureTech Health launched a proposed $100m tender offer on Monday, aiming to repurchase shares at a fixed price of 250p each, or £25.00 per American depositary share (ADS).
Read moreHelical sells 50pc stake in City redevelopment
20th May 2024 10:08
(Sharecast News) - Helical announced on Monday that it has sold a 50% stake in the redevelopment of 100 New Bridge Street, London EC4, to a vehicle led by Orion Capital Managers, for £55m on a preferred equity basis.
Read moreHarworth Group on track with development pipeline
20th May 2024 10:01
(Sharecast News) - Land and property regeneration specialist Harworth Group said in an update on Monday that it was on track to achieve an EPRA net development value (NDV) of £1bn by the end of 2027.
Read moreBerenberg lowers target price on Kistos following FY results
20th May 2024 09:55
(Sharecast News) - Analysts at Berenberg slashed their target price on independent energy company Kistos from 455.0p to 305.0p on Monday following the group's full-year results and updated guidance.
Read moreVictorian Plumbing acquires online retailer Victoria Plum
20th May 2024 09:40
(Sharecast News) - Bathroom retailer Victorian Plumbing has acquired Doncaster-based rival AHK Designs for a purchase price of £22.5m, on a cash-free, debt-free basis.
Read moreSerica Energy gets final approval for Belinda field development
20th May 2024 09:29
(Sharecast News) - Independent upstream oil and gas company Serica Energy announced the final approval from the North Sea Transition Authority (NSTA) to develop its wholly-owned Belinda field on Monday.
Read moreDeutsche Bank starts coverage of Trainline at 'buy'
20th May 2024 09:12
(Sharecast News) - Deutsche Bank initiated coverage of Trainline on Monday with a 'buy' rating and 470p price target.
Read moreAsia report: Markets rise as China holds loan prime rates
20th May 2024 09:02
(Sharecast News) - Asia-Pacific markets mostly rose on Monday, with mainland China extending its eight-month highs as investors awaited economic data from across the region.
Read moreCiti downgrades Rio Tinto on rising China concerns
20th May 2024 08:49
(Sharecast News) - Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.
Read moreEurope open: Shares up as investors mull impact of Iran President death
20th May 2024 08:15
(Sharecast News) - European shares were higher at the open on Monday as investors eyed events in Iran after the death of President Ebrahim Raisi in a helicopter crash over the weekend, along with the country's foreign minister.
Read moreLondon open: Stocks gain as investors mull Rightmove data; inflation eyed
20th May 2024 08:00
(Sharecast News) - London stocks edged higher early trade on Monday as investors mulled the latest UK house price figures and looked ahead to key inflation data later in the week.
Read moreKainos shares surge as annual profits rise 14%
20th May 2024 07:49
(Sharecast News) - Shares in Kainos jumped by a tenth on Monday after the Northern Ireland-based software group reported an increase in annual profits and hiked its dividend for the year to 31 March, as it announced the departure of its chair Tom Burnet.
Read moreUK house prices hit record high in May - Rightmove
20th May 2024 07:45
(Sharecast News) - The average UK house price hit a new record of £375,131 in May, driven by pent-up demand and momentum from the Spring selling season, according to data released on Monday by Rightmove.
Read moreLondon pre-open: Stocks seen up as investors mull Rightmove data
20th May 2024 07:39
(Sharecast News) - London stocks were set to rise at the open on Monday as investors mulled the latest UK house price figures.
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