News Archive
Europe open: Shares down ahead of Fed; Kering warning hits luxury sector
20th Mar 2024 08:09
(Sharecast News) - European shares fell slightly at the open on Wednesday as investors awaited the outcome of the Federal Reserve's policy meeting for more clues when the central bank might cut US rates later this year, while shares in luxury goods were down on a sales warning from Gucci owner Kering.
Read moreLondon open: FTSE nudges lower after inflation data, ahead of Fed
20th Mar 2024 08:03
(Sharecast News) - London stocks nudged lower in early trade on Wednesday as investors mulled a bigger-than-expected fall in UK inflation, with caution in the air ahead of rate decisions from the US Federal Reserve and the Bank of England.
Read moreVitruvian sells 15.5m Trustpilot shares in placing
20th Mar 2024 07:45
(Sharecast News) - Vitruvian Partners has sold 15.5m shares in Trustpilot in a placing at 200p each.
Read moreUK house market shows further signs of stabilising
20th Mar 2024 07:43
(Sharecast News) - UK house prices dipped only marginally in January, official data showed on Wednesday, providing more hope that the market was stabilising.
Read moreAlpha Group reports strong results, but cautious about interest rates
20th Mar 2024 07:36
(Sharecast News) - Fintech and consultancy group Alpha Group International reported double-digit growth across the board for 2023 and said that 2024 has started well, but sounded a note of caution about how the year will play out as monetary policy begins to ease.
Read moreGerman producer prices fall 4.1% in February
20th Mar 2024 07:33
(Sharecast News) - German producer prices in February fell a further-than-expected 4.1% on an annualised basis, the federal statistics office said on Wednesday.
Read moreLondon pre-open: Stocks seen flat; inflation falls more than expected
20th Mar 2024 07:32
(Sharecast News) - London stocks were set for a flat open on Wednesday as investors mulled the latest UK inflation data and looked ahead to a policy announcement from the US Federal Reserve.
Read moreComputacenter shares slide despite year of growth
20th Mar 2024 07:23
(Sharecast News) - Computacenter shares were sliding on Wednesday morning, despite the company reporting a record year for revenue, gross profit and adjusted earnings per share.
Read moreWednesday newspaper round-up: Self-checkout, Indivior, Amanda Staveley
20th Mar 2024 07:22
(Sharecast News) - Cross-Channel ferry operators will be required to pay their crew at least £9.95 an hour after France implemented a new minimum wage law aimed at preventing the exploitation of seafarers. The move comes two years after P&O Ferries caused outrage on both sides of the Channel by sacking almost 800 workers and replacing them with low-cost crew. - Guardian
Read moreChina banks hold lending rates
20th Mar 2024 07:20
(Sharecast News) - Chinese banks held benchmark lending rates after the country's central bank last week to keep monetary policy unchanged.
Read moreInvestec delivers 'solid FY performance despite macro uncertainty
20th Mar 2024 07:17
(Sharecast News) - International banking and wealth management group Investec delivered a "solid" full-year performance on Wednesday despite a prevailing "uncertain macroeconomic environment" and "persistent market volatility".
Read moreUK inflation falls to lowest since September 2021
20th Mar 2024 07:15
(Sharecast News) - UK inflation eased a little more than expected in February, according to figures released on Wednesday by the Office for National Statistics, fuelling expectations of a rate this summer.
Read morePrudential bullish about 2027 targets after strong profit growth
20th Mar 2024 07:10
(Sharecast News) - Shares in Prudential tanked on Wednesday despite the insurance giant saying it is "increasingly confident" in meeting its long-term targets following a strong 2023, during which new business profits jumped by almost a half.
Read moreJohnson Matthey sells medical parts unit for $700m
20th Mar 2024 07:08
(Sharecast News) - Johnson Matthey is selling its medical device components business to Montagu Private Equity for $700m (£550m), the company said on Wednesday.
Read moreSector movers: Aerospace, Big Oil pace gains
19th Mar 2024 22:42
(Sharecast News) - Aerospace names helped to buoy the stock market on Tuesday with shares of BAE Systems and Rolls-Royce both notching up fresh record highs.
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