News Archive
US producer prices rise by more than expected in April
14th May 2024 13:44
(Sharecast News) - Wholesale prices in the US jumped past economists' forecasts last month amid big increases in energy costs and retailers' margins.
Read moreUS wholesale inflation rises more than forecast
14th May 2024 13:21
(Sharecast News) - US producers prices rebounded more than expected in April after a downwardly revised fall the previous month, with the annual rate of inflation rising to its highest level in a year.
Read moreBarclays lifts Unilever target price after strong Q1
14th May 2024 13:12
(Sharecast News) - Barclays has lifted its target price for Unilever following the consumer-goods group's well-received first-quarter results last month, saying the current quarter could beat expectations.
Read moreSerica Energy taps Chris Cox as its new CEO
14th May 2024 13:07
(Sharecast News) - Independent upstream oil and gas firm Serica Energy announced the appointment of Chris Cox as its new chief executive officer on Tuesday, effective 1 July.
Read moreRevenue rises, profits set to shrink for Gateley
14th May 2024 13:02
(Sharecast News) - Professional services group Gateley said in an update on Tuesday that it expected robust revenue growth of 5.7% for the financial year just ended, surpassing £172m, compared to £162.7m in the prior year.
Read moreRenew Holdings reports another record trading performance
14th May 2024 12:56
(Sharecast News) - Engineering services group Renew Holdings reported another record trading performance in its half-year results on Tuesday, with revenue rising 17.2% year-on-year to £552.8m.
Read moreOPEC holds production forecasts, plans to use OPEC+ outlook
14th May 2024 12:38
(Sharecast News) - OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production from the wider OPEC+ group for forecasts.
Read moreIQGeo to be taken private by KKR in £316m deal, shares surge
14th May 2024 12:26
(Sharecast News) - Shares of IQGeo Group surged on Tuesday as it agreed to be taken over by private equity firm KKR in a £316m deal.
Read moreUS pre-open: Futures cautiously higher ahead of PPI reading
14th May 2024 11:58
(Sharecast News) - Wall Street futures were slightly higher ahead of the bell on Tuesday as market participants awaited key inflation data.
Read moreCMA mulling over Pennon-SES deal
14th May 2024 11:54
(Sharecast News) - Watchdog the Competition and Markets Authority said on Tuesday that it may accept Pennon Group's solutions to address concerns regarding the water utility outfit's purchase of Sutton and East Surrey Water, potentially clearing a path for the deal to go through.
Read moreAmaroq Minerals makes strong progress in first quarter
14th May 2024 11:53
(Sharecast News) - South Greenland-focussed mine developer Amaroq Minerals reported decent operational progress in its first quarter on Tuesday, as it maintained a robust total liquidity position of $96.31m in cash reserves, undrawn revolving credit facilities, and available funds.
Read moreHutchmed China launches two cancer treatment trials
14th May 2024 11:42
(Sharecast News) - Hutchmed China announced the start of two significant clinical trials on Tuesday, aimed at addressing critical unmet needs in cancer treatment.
Read moreHome Depot Q1 revenue beats forecasts, comparable sales miss
14th May 2024 11:36
(Sharecast News) - Home Depot reported a slight dip in first-quarter comparable sales on Tuesday, although its earnings per share of $3.63 slightly surpassed analysts' expectations of $3.60.
Read moreAptitude Software confident in full-year performance
14th May 2024 11:32
(Sharecast News) - Aptitude Software said in an update on Tuesday that it was confident in its performance for 2024, as ongoing organisational changes yielded positive progress, particularly in accelerating Fynapse readiness and delivery, supported by strategic partnerships.
Read moreLobby group CBI to cut more jobs
14th May 2024 11:27
(Sharecast News) - The Confederation of British Industry is to further reduce its workforce, it was reported on Tuesday, as it continues to recover from last year's sexual misconduct scandal.
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