News Archive
Europe midday: Shares flat as investors mull German survey data
14th May 2024 11:22
(Sharecast News) - European shares were flat on Tuesday as investors digested UK employment and German economic survey data, while on the corporate front shares in Delivery Hero surged by more than a fifth after it agreed to sell its Foodpanda delivery business in Taiwan for $950m to Uber.
Read moreFoxconn Q1 profits jump 72% as AI server demand soars
14th May 2024 11:12
(Sharecast News) - Taiwanese electronics giant and iPhone assembler Foxconn on Tuesday reported a huge surge in first-quarter profits as it delivered a confident outlook for the current quarter due to strong demand for its AI servers.
Read moreUS small business optimism improves, but owners remains downbeat
14th May 2024 11:10
(Sharecast News) - Optimism among small businesses in the US has increased for the first time this year, but still remains well below the long-term average as inflation continues to weigh on confidence.
Read moreBiden administration to hike tariffs on $18bn of Chinese goods
14th May 2024 10:53
(Sharecast News) - The Biden administration announced significant tariff increases on $18bn worth of Chinese imports overnight on Monday, targeting sectors such as electric vehicles (EVs), solar panels, steel, aluminium, and more.
Read moreOn the Beach warns of 'challenging' value trading, on track for 'record summer'
14th May 2024 10:53
(Sharecast News) - Online travel agency On the Beach warned that trading in the package holidays market had been "challenging" but still said it expects to deliver "a record summer" in terms of bookings.
Read moreLondon midday: FTSE touch firmer after jobs data, Pill comments
14th May 2024 10:53
(Sharecast News) - London stocks were still just a touch firmer by midday on Tuesday as investors mulled the latest jobs data and comments from Bank of England chief economist Huw Pill.
Read moreVirgin Money delivers continued momentum in H1, Q2 trading seen broadly in line
14th May 2024 10:40
(Sharecast News) - Lender Virgin Money said on Tuesday that it has delivered "continued business momentum during H1", with trading in Q2 broadly as anticipated.
Read moreTreatt strikes upbeat tone for full year
14th May 2024 10:32
(Sharecast News) - Extracts and ingredients specialist Treatt confirmed full-year guidance on Tuesday, after interim operating profits jumped.
Read moreBoE rate cut on the cards this summer, says Huw Pill
14th May 2024 10:26
(Sharecast News) - The Bank of England's chief economist has said it's "not unreasonable" to expect an interest-rate cut from the central bank this summer, as data showed that tightness in the UK labour market may be easing.
Read moreLuceco revenue, profits rise in first quarter
14th May 2024 10:09
(Sharecast News) - Wiring accessories, electric vehicle chargers, LED lighting and portable power products specialist Luceco reported strong first-quarter revenue growth on Tuesday, rising 6.2% year-on-year to £51m, or 4.5% on a like-for-like basis.
Read moreFDM trading in line as softer market persists
14th May 2024 09:33
(Sharecast News) - It professional services provider FDM Group said in an update on Tuesday that the group had performed in line with the board's expectations in the first four months of the year.
Read moreGreggs delivers decent growth but valuation remains full, says Shore Capital
14th May 2024 09:07
(Sharecast News) - Shore Capital has maintained a 'hold' rating on Greggs despite a strong start to the year from the bakery chain, saying that the shares look "up with events for now".
Read moreAsia report: Markets mixed as Japan's import prices jump
14th May 2024 08:53
(Sharecast News) - Asia-Pacific markets saw a mixed performance on Tuesday, influenced by Wall Street's stumble overnight, where the Dow Jones Industrial Average snapped an eight-day winning streak.
Read moreRevolution Bars sale process yields no takeover proposals
14th May 2024 08:53
(Sharecast News) - Revolution Bars Group shares were sinking on Tuesday morning, after the company issued an update on the formal sale process, first announced on 10 April.
Read moreDelivery Hero shares surge as Uber buys Taiwan business for $950m
14th May 2024 08:35
(Sharecast News) - Shares in Delivery Hero surged by more than 20% after it agreed to sell its Foodpanda delivery business in Taiwan to ride-hailing giant Uber for $950m.
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