News Archive
Computacenter warns on first-half profits
1st May 2024 08:36
(Sharecast News) - Computacenter warned on first-half profits on Wednesday, citing strong prior-year comparatives and challenging UK markets.
Read moreUK manufacturing sector shrinks - PMI
1st May 2024 08:25
(Sharecast News) - The UK manufacturing sector shrank last month, a closely-watched survey showed on Wednesday, as supply chain disruption hit home.
Read moreSpirent Communications Q1 revenues down as market conditions remain 'challenging'
1st May 2024 08:04
(Sharecast News) - Telecommunications testing company Spirent Communications said on Wednesday that first-quarter revenues were in line with internal expectations but lower year-on-year as market conditions remained "challenging".
Read moreHalma snaps up electrical testing firm MK Test for £44m
1st May 2024 07:43
(Sharecast News) - Safety equipment and life-saving tech group Halma has announced the acquisition of Somerset-based MK Test Systems for £44m.
Read moreJefferies reiterates 'buy' rating on Volution
1st May 2024 07:41
(Sharecast News) - Jefferies reiterated its 'buy' rating on Volution on Wednesday as it said the company's ability to drive margins higher, through both revenue mix and efficiency, is more than offsetting the challenging market backdrop to deliver ongoing earning upgrades.
Read moreGSK lifts annual guidance on strong virus treatment sales
1st May 2024 07:36
(Sharecast News) - UK pharmaceutical giant GSK lifted annual profits guidance on Wednesday, as it pinned its hopes on demand for its respiratory virus and shingles treatments.
Read moreLondon pre-open: Stocks seen flat ahead of Fed announcement
1st May 2024 07:30
(Sharecast News) - London stocks were called to open flat on Wednesday as investors eyed the latest UK manufacturing data and a policy announcement from the US Federal Reserve.
Read moreAston Martin expects new models to drive H2 growth after Q1 weakness
1st May 2024 07:29
(Sharecast News) - Luxury carmaker Aston Martin Lagonda saw a double-digit drop in revenues and adjusted profits in the first quarter, but said that the launch of four new models should drive "significant growth" in the second half and beyond.
Read moreWednesday newspaper round-up: Amazon, dividends, Weardale Lithium
1st May 2024 07:18
(Sharecast News) - Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday - the latest in a series of robust earnings reports for the retail giant. The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143.3bn in the first three months of the year - up 13% from the same period in 2023 and surpassing Wall Street expectations of $142.65bn. The e-commerce giant reported an increase of more than 200% to $15bn, with net income more than tripling to $10.4bn from $3.17bn at the same time in 2023. - Guardian
Read moreSmith & Nephew maintains guidance after strong first quarter
1st May 2024 07:13
(Sharecast News) - Smith & Nephew reported first-quarter revenue of $1.39bn in an update on Wednesday, up 2.9% year-on-year, as its orthopaedics business continued to recover.
Read moreUK house prices fall again in April - Nationwide
1st May 2024 07:12
(Sharecast News) - UK house prices unexpectedly fell in April for the second month in a row, as borrowing rates went up, according to figures released on Wednesday by Nationwide.
Read moreHSS Hire paints confident outlook despite big drop in 2023 profits
1st May 2024 07:12
(Sharecast News) - Equipment rental firm HSS Hire said it expects results for the current year to be in line with market forecasts despite an uncertain macro environment, after it reported a sharp drop in annual profits for 2023 and the resignation of its chief financial officer.
Read moreNext warns on Q2 but holds guidance as first-quarter sales beat estimates
1st May 2024 07:04
(Sharecast News) - UK fashion retailer Next said first-quarter sales came in ahead of forecasts and held guidance for the full year but warned that the next three months would be weaker due to wet spring weather.
Read moreDomino's keeps growth targets despite falling Q1 sales
1st May 2024 07:01
(Sharecast News) - Like-for-like sales at Domino's Pizza Group declined year-on-year in the first quarter as anticipated, but the company said it still expects to return to growth over 2024.
Read moreUS close: Dow registers heavy losses ahead of FOMC decision
30th Apr 2024 22:45
(Sharecast News) - Wall Street stocks registered heavy losses on Tuesday as market participants awaited the outcome of the Federal Reserve's two-day policy meeting and digested more mega-cap earnings.
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