News Archive
RBC Capital cuts Dr Martens price target after profit warning
22nd Apr 2024 07:34
(Sharecast News) - RBC Capital Markets cut its price target on Dr Martens on Monday to 65p from 85p as it reduced estimates following the bootmaker's FY25 guidance.
Read moreTakeover talks between Salesforce and Informatica fall through - report
22nd Apr 2024 07:32
(Sharecast News) - Takeover talks between enterprise tech giant Salesforce and smaller sector peer Infomatica have fallen through, according to reports, after the software companies failed to agree on a price.
Read moreNo compelling case to own Diageo right now, says Citi
22nd Apr 2024 07:32
(Sharecast News) - Diageo's stock was underperforming the wider market on Monday, with comments from Citi likely weighing on sentiment after the bank said it doesn't see upside despite a big drop in the shares over the past year.
Read moreeEnergy clinches contract with Spire Healthcare
22nd Apr 2024 07:25
(Sharecast News) - Net zero energy services provider eEnergy clinched a deal with Spire Healthcare Group for the provision of photovoltaic systems across 38 sites.
Read moreChina leaves rates unchanged as expected
22nd Apr 2024 07:21
(Sharecast News) - China left benchmark lending rates unchanged in line with market expectations.
Read moreMobico profits fall despite revenue growth
22nd Apr 2024 07:13
(Sharecast News) - Mobico Group reported a fall in profit in its 2023 results on Monday, below the expectations it set at the start of the financial year, despite continued revenue growth.
Read moreLondon pre-open: Strong gains expected ahead of busy week
22nd Apr 2024 07:10
(Sharecast News) - UK stocks are expected to rise for the fourth straight day on Monday as investors shake off recent concerns about monetary policy tightening and geopolitics ahead of a busy week for economic data and corporate earnings.
Read moreQuanex to buy Tyman in £788m deal
22nd Apr 2024 07:04
(Sharecast News) - Tyman said on Monday that it has agreed to be bought by US metal window and door manufacturer Quanex in a £788m cash and stock deal.
Read moreJTC buy JP Morgan Chase unit for $21m
22nd Apr 2024 07:02
(Sharecast News) - Global professional services business JTC said it had bought JP Morgan Chase subsidiary First Republic Trust Company of Delaware for $21m.
Read moreAngle granted European patent for CellKeep, US patent imminent
22nd Apr 2024 06:59
(Sharecast News) - Liquid biopsy specialist Angle announced on Monday that it has received a European patent for its 'CellKeep' slide, as it anticipated the imminent grant of an equivalent US patent application.
Read moreUK house prices grow at fastest annual pace in a year - Rightmove
22nd Apr 2024 06:54
(Sharecast News) - The average asking price of a UK home rose at its fastest annual pace in a year in April, with "top-of-the-ladder" homes seeing the biggest growth in activity, according to a survey released on Monday by property website Rightmove.
Read moreMonday newspaper round-up: Renewable energy, BlackRock, Frasers Group
22nd Apr 2024 06:40
(Sharecast News) - A development company that sells off land no longer needed by Thames Water has paid out a £14m dividend despite warnings that it could become engulfed by the water group's financial woes. Accounts filed at Companies House show Kennet Properties paid out a £14.5m dividend in the year to 31 March 2023 despite the difficulties faced by the wider group, which is facing going into administration. - Guardian
Read moreSunday share tips: Mitie, Costain
21st Apr 2024 18:10
(Sharecast News) - The Financial Mail on Sunday's Midas column tipped shares of Mitie to its readers, highlighting it shift from facilities management to facilities transformation.
Read moreSunday newspaper round-up: IDS, Ocado, Foxtons
21st Apr 2024 16:47
(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian
Read moreFed's Goolsbee says central bank needs more 'clarity' before moving on rates
19th Apr 2024 17:47
(Sharecast News) - A top Federal Reserve official said that the central bank needs more clarity on inflation before moving on interest rates.
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