News Archive
Wednesday newspaper round-up: Post Office, Workplace AI, Barclays
13th Mar 2024 07:18
(Sharecast News) - Ministers will publish legislation to quash the convictions of hundreds of post office operators who were prosecuted during the Horizon scandal, marking a significant victory for victims after decades of campaigning. The legislation on Wednesday will automatically overturn convictions of theft, fraud and false accounting that were handed down in connection with Post Office business during that period. It will cover prosecutions brought by the Post Office and the Crown Prosecution Service in England and Wales between 1996 and 2018. - Guardian
Read moreJefferies downgrades IHG to 'hold', raises target price
13th Mar 2024 07:13
(Sharecast News) - Analysts at Jefferies lowered their rating on hospitality giant Intercontinental Hotels from 'buy' to 'hold' on Wednesday but raised their target price on the stock from 6,400.0p to 8,400.0p.
Read moreUK economy returns to growth in January
13th Mar 2024 07:12
(Sharecast News) - The UK economy returned to growth in the first month of 2024, according to figures released on Wednesday by the Office for National Statistics.
Read moreHochschild Mining FY production in line with guidance
13th Mar 2024 07:03
(Sharecast News) - South America-focused miner Hochschild reported a 10% fall in production, although in line with guidance, offset by rising prices and the devaluation of the Argentinian peso which helped to lift adjusted core earnings.
Read moreUS close: S&P 500 hits another record as investors shrug off inflation surprise
12th Mar 2024 22:00
(Sharecast News) - US stocks rose strongly on Tuesday with the S&P 500 notching yet another record close as investors largely shrugged off an unexpected pick-up in inflation, holding on to hopes that the data won't derail the Federal Reserve's plans to soon start cutting interest rates.
Read moreEurope close: Stoxx 600 hits another record as data lifts sentiment
12th Mar 2024 16:38
(Sharecast News) - European stocks rose strongly on Tuesday as data confirmed that German inflation had fallen to its lowest in nearly three years and that wage growth in the UK had eased.
Read moreBroker tips: Rentokil Initial, Quilter
12th Mar 2024 16:29
(Sharecast News) - RBC Capital Markets upped its price target on Rentokil Initial on Tuesday to 590.0p from 575.0p and maintained its 'outperform' rating on the stock.
Read moreLondon close: Stocks rise as UK wage growth moderates
12th Mar 2024 16:17
(Sharecast News) - London markets closed with gains on Tuesday, buoyed by hopes for interest rate cuts following a modest increase in UK wage growth.
Read moreEckoh enters partnership with RingCentral
12th Mar 2024 16:06
(Sharecast News) - Customer engagement data security specialist Eckoh announced a strategic partnership with RingCentral, a provider of AI-driven enterprise cloud communications and contact centre solutions, on Tuesday.
Read moreLego outperforms declining toy market with sales growth
12th Mar 2024 15:51
(Sharecast News) - Danish toy giant Lego outperformed competitors in 2023 as it managed to grow sales by 2% in the worst year for toymakers in more than 15 years.
Read moreStarling Bank appoints Ovo boss Bhatia as new CEO
12th Mar 2024 15:34
(Sharecast News) - Starling Bank said on Tuesday that it has appointed Raman Bhatia - the current boss of energy firm Ovo - as its new chief executive officer.
Read moreBerenberg raises target price on Quilter following FY results
12th Mar 2024 15:31
(Sharecast News) - Analysts at Berenberg raised their target price on wealth manager Quilter from 95.0p to 105.0p on Tuesday, stating that recent reductions in expenses ensured that it will deliver an earnings beat.
Read moreFTSE 250 movers: TP Icap up on results; Dominos off the menu
12th Mar 2024 15:18
(Sharecast News) - FTSE 250 (MCX) 19,603.65 0.38%
Read moreUS open: Stocks higher following CPI reading
12th Mar 2024 15:01
(Sharecast News) - Wall Street stocks were in the green early on Tuesday as investors thumbed over February's all-important consumer price index.
Read moreWednesday preview: UK GDP, Balfour Beatty in the spotlight
12th Mar 2024 14:10
(Sharecast News) - Financial markets' attention in the middle of the week will be on a reading for UK gross domestic product during the month of January.
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