News Archive
Tuesday newspaper round-up: Tesla, Trump trial, Boeing, Thames Water, Apple
16th Apr 2024 07:06
(Sharecast News) - Tesla is to cut more than 14,000 jobs as Elon Musk's groundbreaking electric car company feels the heat of a global price war with Chinese rivals at the same time as stalled demand for zero-emission vehicles. In an email to staff amid reports that workers in California and Texas have begun receiving redundancy notices, Musk stated: "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity." - The Times
Read moreDr Martens CEO to step down amid bleak profit outlook
16th Apr 2024 07:03
(Sharecast News) - Dr Martens shares slumped by a third on Tuesday as the UK bootmaker said chief executive Kenny Wilson would step down and issued another profit warning for the current financial year amid continuing woes in its key US market.
Read moreDr Martens CEO to step down amid bleak profit outlook
16th Apr 2024 07:03
(Sharecast News) - UK bootmaker Dr Martens said chief executive Kenny Wilson has decided to step down as the company issued another profit warning for the current financial year amid continuing woes in the US, its biggest market.
Read moreLondon pre-open: FTSE 100 to hit one-month low on Israel, China fears
16th Apr 2024 06:52
(Sharecast News) - UK stocks are expected to open at a one-month low on Tuesday on the back of rising Middle East tensions and a mixed bag of economic data from China.
Read moreSector movers: Defensive and oil company shares reverse some of their previous gains
15th Apr 2024 22:44
(Sharecast News) - Defensive issues and oil companies' shares paced losses at the start of the week as Tel Aviv opted against and immediate retaliation for the Iranian missile strike at the weekend.
Read moreUS close: Stocks lower amid Middle East tensions
15th Apr 2024 22:09
(Sharecast News) - Wall Street stocks closed sharply lower on Monday as investors looked past some solid retail sales numbers amid ongoing tensions in the Middle East.
Read moreEurope close: Stocks end mostly higher with all eyes on Middle East
15th Apr 2024 18:27
(Sharecast News) - European shares ended higher on Monday, albeit off their best levels of the session.
Read moreDirector dealings: Abrdn CEO makes share sale
15th Apr 2024 16:11
(Sharecast News) - Abrdn revealed on Monday that chief executive Stephen Bird had disposed of 29,942 ordinary shares in the FTSE 250-listed global investment company.
Read moreBroker tips: Atome, Ceres Power
15th Apr 2024 15:49
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on Atome with a 'speculative buy' rating and 130.0p target price on Monday, stating the company's choice to focus on finished ammonia fertiliser manufacture was "advantaged".
Read moreUS open: Stocks higher following retail sales
15th Apr 2024 15:41
(Sharecast News) - Wall Street stocks were in the green early on Monday as retail sales boosted sentiment and market participants prepared for the beginning of another corporate earnings season.
Read moreLondon close: Stocks slip on renewed geopolitical tensions
15th Apr 2024 15:39
(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.
Read moreCanaccord Genuity initiates coverage on Atome at 'speculative buy'
15th Apr 2024 15:22
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on Atome with a 'speculative buy' rating and 130.0p target price on Monday, stating the company's choice to focus on finished ammonia fertiliser manufacture was "advantaged".
Read moreBerenberg stays at 'buy' on CeresPower, target price kept at 800p
15th Apr 2024 14:59
(Sharecast News) - Analysts at Berenberg kept their recommendation for shares of Ceres Power at 'buy' following the company's full-year results.
Read moreFTSE 250 movers: Inchcape motors on UK sale; PageGroup slumps
15th Apr 2024 14:51
(Sharecast News) - FTSE 250 (MCX) 19,838.98 0.60%
Read moreFTSE 100 movers: Energy sector out of favour; IAG, easyJet up as oil holds
15th Apr 2024 14:49
(Sharecast News) - FTSE 100 (UKX) 8,000.78 0.07%
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