News Archive
Bank of England stands pat on interest rates
9th May 2024 09:41
(Sharecast News) - The Bank of England stood pat on interest rates on Thursday at 5.25%, as widely expected, but suggested cuts could be on their way.
Read moreQ1 production levels rise at Genel Energy
9th May 2024 09:34
(Sharecast News) - Iraq-focused oil explorer Genel Energy said its first-quarter performance was ahead of schedule with the business in a "robust financial position".
Read moreUK housing sales expectations 'stagnant' as buyer demand softens
9th May 2024 09:03
(Sharecast News) - A slight upward move in UK mortgage rates over the past few weeks has dampened demand for housing, with near-term sales expectations softening, according to the latest RICS UK Residential Survey released on Thursday - though the rate of new listings was at its highest in more than three years.
Read moreEurope open: Shares take a breath ahead of BoE call on rates
9th May 2024 08:39
(Sharecast News) - European stocks opened lower after hitting fresh highs on Wednesday as investors turned their attention to a rate decision from the Bank of England.
Read moreITV revenues hit by US actors' and writers' strike
9th May 2024 08:28
(Sharecast News) - Broadcaster ITV reported a fall in first-quarter revenues on Thursday, dragged lower by the production arm which was hit by the US writers' and actors' strike.
Read moreMorgan Advanced Materials revenue rises in first quarter
9th May 2024 08:18
(Sharecast News) - Morgan Advanced Materials said in an update on Thursday that in the first three months of the year, it saw a notable increase in sales, with a 12% rise on an organic constant currency basis compared to the same period last year.
Read moreBlackstone leads Hipgnosis race as Concord says bid is final
9th May 2024 08:13
(Sharecast News) - Private equity giant Blackstone appeared to have emerged as the winner in the race to buy troubled music rights owner Hipgnosis Songs Fund after Apollo-backed Concord said its latest $1.25-a-share offer was final.
Read moreDiversified Energy delivers 'solid' Q1 performance
9th May 2024 08:12
(Sharecast News) - Oil production company Diversified Energy reported "solid" Q1 results on Thursday as it said ongoing cost-cutting efforts were already paying off.
Read moreDerwent delivers solid rental growth in Q1
9th May 2024 08:06
(Sharecast News) - Property investor and developer Derwent London has said that healthy demand has driven rental growth since the start of 2024.
Read moreLondon open: Stocks nudge up ahead of BoE announcement
9th May 2024 08:03
(Sharecast News) - London stocks nudged up in early trade on Thursday, with all eyes on the Bank of England policy announcement amid hopes of a summer rate cut.
Read moreSynthomer first-quarter trading in line
9th May 2024 08:02
(Sharecast News) - Chemicals company Synthomer said on Thursday that first-quarter trading was in line with its expectations at the start of the year and that it continues to expect to make some earnings progress in 2024.
Read moreChina imports smash forecasts as exports also rise
9th May 2024 07:49
(Sharecast News) - China's exports rose 1.5% in April, while imports surged 8.4%, beating forecasts, according to data released by the customs agency on Thursday.
Read moreWood Group Q1 EBITDA rises but revenues fall
9th May 2024 07:43
(Sharecast News) - Wood Group posted a rise in first-quarter EBITDA but a drop in revenue on Thursday, a day after saying it had rejected a £1.4bn takeover proposal from Dubai-based Sidara.
Read moreBalfour Beatty makes progress on several major projects, retains guidance
9th May 2024 07:40
(Sharecast News) - Balfour Beatty has reiterated its guidance for profit growth in 2024 after an in-line performance from the infrastructure group since the start of the year.
Read moreApax Partners sells 27m shares in Baltic Classifieds in placing
9th May 2024 07:33
(Sharecast News) - Apax Partners has sold 27m shares in Baltic Classifieds in a placing, according to a filing by Merrill Lynch International.
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