News Archive

US open: Stocks higher following FOMC decision

2nd May 2024 14:28

(Sharecast News) - Wall Street trading got off to a positive start on Thursday as investors continued to feast on corporate earnings and another slew of data points.

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London cabbies launch £250m legal action against Uber

2nd May 2024 14:26

(Sharecast News) - Uber Technologies is facing legal action on behalf of more than 10,500 London black cab drivers, it was confirmed on Thursday.

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FTSE 250 movers: Hiscopx slips; Trustpilot gains

2nd May 2024 14:08

(Sharecast News) - FTSE 250 (MCX) 20,018.20 0.46%

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US unit labour cost growth exceeds forecasts in Q1

2nd May 2024 13:46

(Sharecast News) - Workers' productivity in the U.S. slowed more sharply than anticipated at the start of 2024, pushing labour costs much higher.

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Peloton announces CEO departure; to cut 15% of workforce

2nd May 2024 13:38

(Sharecast News) - Peloton announced the departure of its chief executive on Thursday, alongside plans to cut around 15% of its workforce amid a restructuring programme aimed at reducing annual expenses by more than $200m.

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LifeSafe shares jump on new deal with Trinity

2nd May 2024 13:19

(Sharecast News) - Fire technology company LifeSafe announced a significant agreement with Trinity Fire & Security Systems on Thursday, involving the supply of LifeSafe's latest line of fire extinguishers filled with multi-purpose fluid, specifically designed to combat various types of fires including lithium-ion battery fires.

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Friday preview: U.S. non-farm payrolls, Trainline in the spotlight

2nd May 2024 13:18

(Sharecast News) - The market spotlight on Friday will revert back to the U.S. jobs market, as it does early each month.

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Friday preview: U.S. non-farm payrolls, Trainline in the spotlight

2nd May 2024 13:18

(Sharecast News) - The market spotlight on Friday will revert back to the U.S. jobs market, as it does early each month.

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US jobless claims hold steady in week ended 26 April

2nd May 2024 13:10

(Sharecast News) - The number of Americans lining up for unemployment benefits was unchanged at 208,000 in the week ended 27 April, according to the Labor Department, remaining at the lowest level in two months and firmly below market expectations for a reading of 212,000.

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U.S. foreign trade deficit little changed in March, consumer goods imports strong

2nd May 2024 13:05

(Sharecast News) - America's shortfall on trade with the rest of the world was little changed in March, as both exports and imports suffered large declines.

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German manufacturing downturn eases slightly - PMI

2nd May 2024 12:44

(Sharecast News) - The downturn in Germany's hard-pressed manufacturing sector eased marginally last month, a closely-watched survey showed on Thursday, although it remained in contraction.

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BHP deploys team to SA to woo officials over Anglo deal - report

2nd May 2024 12:39

(Sharecast News) - BHP has reportedly deployed a team of senior executives to South Africa as it ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.

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US pre-open: Futures higher following Fed rate decision

2nd May 2024 12:09

(Sharecast News) - Wall Street futures were in the green ahead of the bell on Thursday as investors continued to feast on corporate earnings.

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Hugo Boss shares tank as APAC sales miss forecasts

2nd May 2024 12:00

(Sharecast News) - Shares in Hugo Boss tanked on Thursday despite first-quarter results beating forecasts, as the German fashion group reported falling sales in the key market of China.

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Europe midday: Shares trim losses as despite grim EZ survey data

2nd May 2024 11:56

(Sharecast News) - European shares trimmed losses on Thursday as weak manufacturing survey data dampened sentiment as traders returned from the May Day holiday amid another dump of earnings and trading updates.

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