News Archive
Coca-Cola HBC Q1 revenues beat guidance
30th Apr 2024 07:38
(Sharecast News) - Bottler Coca-Cola HBC on Tuesday said first-quarter revenue beat forecasts and reiterated guidance that annual operating profit would grow further on the back of strong demand.
Read moreLondon pre-open: Stocks seen up as investors eye Fed
30th Apr 2024 07:33
(Sharecast News) - London stocks were set to rise at the open on Tuesday following a positive US close, as investors eyed the start of the latest Federal Reserve policy meeting.
Read morePrudential describes robust first-quarter performance
30th Apr 2024 07:23
(Sharecast News) - Prudential described a robust first-quarter performance in an update on Tuesday, with new business profit increasing by 11%, reaching $810m across diverse geographical markets.
Read moreTuesday newspaper round-up: Meta, ExxonMobil, Very Group
30th Apr 2024 07:23
(Sharecast News) - The Federal Communications Commission on Monday fined the largest US wireless carriers nearly $200m for illegally sharing access to customers' location information. The FCC is finalizing fines first proposed in February 2020, including $80m for T-Mobile; $12m for Sprint, which T-Mobile has since acquired; $57m for AT&T, and nearly $47m for Verizon. - Guardian
Read moreWhitbread to cut 1,500 job losses as it doubles down on hotels
30th Apr 2024 07:19
(Sharecast News) - Hospitality group Whitbread has announced a £150m share buyback and beefed up its dividend after seeing its bottom line jump by more than a third in the year to 29 February, as it unveiled plans to cut jobs as it turns underperforming restaurants into more hotels.
Read moreGerman retail sales post unexpected 1.8% rise in March
30th Apr 2024 07:16
(Sharecast News) - German retail sales posted a higher-than-expected by 1.8% rise in March compared with the previous month, according to official data published on Tuesday.
Read moreEurozone exits recession as Q1 GDP grows 0.3%, inflation holds at 2.4%
30th Apr 2024 07:16
(Sharecast News) - There were further signs that the eurozone was starting to turn a corner as inflation held steady at 2.4% and the single currency economy avoided recession in the first quarter of the year.
Read moreHSBC chief executive Quinn in shock departure
30th Apr 2024 07:03
(Sharecast News) - HSBC group chief executive Noel Quinn said he was retiring after nearly five years in the job, in a shock announcement on Tuesday.
Read moreUS close: S&P 500 extends last week's wins another session
29th Apr 2024 21:32
(Sharecast News) - Wall Street stocks were in the green at the end of trading on Monday as investors braced for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting.
Read moreBroker tips: JD Sports, NatWest
29th Apr 2024 15:51
(Sharecast News) - Barclays downgraded JD Sports on Monday to 'equalweight' from 'overweight' and cut its price target for the stock to 140.0p from 165.0p after the retailer announced the acquisition of US rival Hibbett last week for $1.1bn.
Read moreBerenberg raises target price on NatWest
29th Apr 2024 15:49
(Sharecast News) - Analysts at Berenberg raised their target price on banking group NatWest from 325.0p to 350.0p on Monday as it said there was "no reason" for it to trade below tangible book value.
Read moreGetir gets out as it exits UK, Europe and US markets
29th Apr 2024 15:46
(Sharecast News) - Turkey-based grocery delivery app operator Getir is pulling a planned expansion that will see the loss of 1,500 jobs in the UK, as it also exits Europe and the US.
Read moreFTSE 250 movers: Playtech on the rise; PureTech Health slips
29th Apr 2024 15:10
(Sharecast News) - FTSE 250 (MCX) 19,965.39 0.71%
Read moreLondon close: Stocks manage to finish above the waterline
29th Apr 2024 15:08
(Sharecast News) - London markets showed resilience on Monday, finishing in the green as investors looked to the start of the US Federal Reserve's policy meeting.
Read moreUS open: Dow builds on Friday's gains
29th Apr 2024 14:52
(Sharecast News) - Wall Street stocks were in the green early on Monday as investors braced for more corporate earnings, some key labour market data and the outcome of the Federal Reserve's two-day policy meeting.
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