News Archive
Markets pricing too many UK rate cuts, says Catherine Mann
26th Mar 2024 10:39
(Sharecast News) - Bank of England policy maker Catherine Mann said on Tuesday that financial markets are pricing in too many interest rate cuts this year and that it's unlikely the UK will move before the Federal Reserve.
Read moreAsia report: Stocks mixed on fresh Japan producer inflation data
26th Mar 2024 10:38
(Sharecast News) - Asia-Pacific markets closed with a mixed performance on Tuesday, as investors assessed a range of economic data.
Read more888 posts full-year rise in revenue, adjusted earnings
26th Mar 2024 10:38
(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.
Read more888 posts full-year rise in revenue, adjusted earnings
26th Mar 2024 10:38
(Sharecast News) - Gambling operator 888 Holdings reported a significant uptick in revenue in its 2023 results on Tuesday, up 38% to £1.71bn, while adjusted EBITDA jumped 41% to £308.3m on a reported basis.
Read moreUS pre-open: Futures rise ahead of key economic data
26th Mar 2024 10:33
(Sharecast News) - US stocks were set to rebound on Tuesday after two straight days of losses and ahead of a busy few days on the economic data front.
Read moreEurowag reports sustained growth as it completes investment phase
26th Mar 2024 10:10
(Sharecast News) - WAG Payment Solutions, trading as Eurowag, reported sustained robust growth across its products and services in its preliminary results on Tuesday, meeting expectations for 2023.
Read moreGoldman Sachs downgrades Dr Martens to 'sell'
26th Mar 2024 10:06
(Sharecast News) - Goldman Sachs downgraded Dr Martens to 'sell' from 'neutral' on Tuesday and cut the price target to 87p from 93p.
Read moreSoftcat hits operating profit record even as revenue slips
26th Mar 2024 09:36
(Sharecast News) - IT infrastructure specialist Softcat reported an 8.8% fall in first-half revenue on Tuesday, to £467.2m, but still achieved double-digit growth in gross profit, rising 11% to £196.5m.
Read moreFlutter losses widen on one-off costs but revenues boosted by US
26th Mar 2024 09:24
(Sharecast News) - Paddy Power owner Flutter Entertainment posted a widening of its full-year losses on Tuesday due to one-off costs, but revenue surged and the company guided to 30% growth in 2024 core profit thanks to a strong performance in the US.
Read moreWood Group misses estimates for 2023 but upgrades guidance
26th Mar 2024 09:19
(Sharecast News) - Shares in Wood Group slumped on Tuesday despite an upgrade to its current-year outlook, as the engineering company reported wider-than-expected losses and increased debt levels for 2023.
Read moreGerman consumer sentiment still sluggish - GfK
26th Mar 2024 08:53
(Sharecast News) - German consumer sentiment remains sluggish, but continues to make slow progress towards recovery, a survey showed on Tuesday.
Read moreEurope open: Shares pause after rally; Ocado gains on revenue rise
26th Mar 2024 08:28
(Sharecast News) - European shares opened lower as investors took a cautious approach after several days of gains driven by dovish comments from central bankers about the future path of interest rates.
Read morePetershill Partners confident despite slide in income and profits
26th Mar 2024 08:16
(Sharecast News) - Petershill Partners reported an adjusted profit after tax of $200m in its preliminary results on Monday, down from $273m year-on-year.
Read moreUK grocery price inflation falls to 4.5% but shoppers still struggling - Kantar
26th Mar 2024 08:04
(Sharecast News) - Almost a quarter of UK households see themselves as struggling financially despite a 4.5% fall in grocery price inflation, according to survey data published on Tuesday.
Read moreLondon open: FTSE edges lower amid 'wait and see' mood
26th Mar 2024 08:03
(Sharecast News) - London stocks edged lower in early trade on Tuesday following a downbeat close on Wall Street, as investors eyed a key US inflation reading due later in the week.
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