News Archive
London open: Stocks fall amid corporate deluge; Virgin Money surges on takeover
7th Mar 2024 08:20
(Sharecast News) - London stocks fell in early trade on Thursday as investors waded through a deluge of corporate news and continued to digest the Spring Budget, but Virgin Money surged on takeover news.
Read moreTyman sees 'challenging' markets as profits fall 19%
7th Mar 2024 08:19
(Sharecast News) - Door and window parts maker Tyman said it expected a "challenging" market outlook this year as the building sector continued to struggle amid high interest rates and inflation, reflected in a 19% fall in 2023 profits.
Read morePagegroup profits slump in 'challenging' conditions
7th Mar 2024 08:12
(Sharecast News) - Recruiter Pagegroup reported a slump in full-year profit on Thursday amid "challenging" market conditions.
Read moreHSS Hire agrees to sell Power unit
7th Mar 2024 08:04
(Sharecast News) - Tool and equipment hire business HSS Hire said on Thursday that it had agreed to sell its Power unit to CES Global for £23.25m.
Read moreSpirax shares jump as profit growth to return in 2024
7th Mar 2024 08:01
(Sharecast News) - Shares in Spirax Group surged on Thursday after the engineering firm lifted its dividend despite a dip in profits in 2023, held back by lower volumes in higher-margin work and restructuring and impairment costs.
Read moreChina Jan-Feb exports smash estimates with 7.1% rise
7th Mar 2024 08:00
(Sharecast News) - China reported a sharply better-than-expected rise in exports for the first two months of the year, according to official figures published on Thursday.
Read moreNationwide to buy Virgin Money in £2.9bn deal
7th Mar 2024 07:56
(Sharecast News) - Virgin Money said on Thursday that it has agreed to be taken over by Nationwide Building Society in a £2.9bn deal.
Read moreMelrose upbeat after annual results top forecasts
7th Mar 2024 07:45
(Sharecast News) - Melrose Industries reported above-forecast annual results on Thursday, after the aerospace specialist benefited from an upturn in the aviation sector.
Read moreAviva in £300m share buyback as FY profits rise 9%
7th Mar 2024 07:44
(Sharecast News) - UK insurance giant Aviva on Thursday unveiled a £300m share buyback and better-than-expected 9% rise in full-year earnings on a strong increase in general insurance premiums.
Read moreHouse prices rise for fifth month in a row - Halifax
7th Mar 2024 07:43
(Sharecast News) - UK house prices rose for the fifth month in a row in February, according to figures released on Thursday by Halifax.
Read moreLondon pre-open: Stocks seen flat; Halifax data in focus
7th Mar 2024 07:40
(Sharecast News) - London stocks were set for a steady open on Thursday following gains in the previous session, as investors mulled the latest house price data from Halifax.
Read moreEntain warns of regulatory hit to profits in 2024
7th Mar 2024 07:40
(Sharecast News) - Full-year results from sports betting and gaming group Entain were in line with expectations, with underlying earnings hitting the £1bn mark and record-high online customers, though it warned of the significant impact from regulatory changes which will dampen profits in 2024.
Read moreThursday newspaper round-up: Green power industry, Boots, M&S
7th Mar 2024 07:31
(Sharecast News) - Britain's under-pressure green power industry has received a surprise fillip after a renewables developer pledged to plough £10bn into what would become the largest portfolio of battery storage projects in the country. NatPower, a UK startup that is part of a larger European energy group, is poised to submit planning applications for three "gigaparks", with a further 10 to follow next year. - Guardian
Read moreCoats sees 'modest' revenue rise on market recovery
7th Mar 2024 07:27
(Sharecast News) - Industrial threads maker Coats said it expected "modest" revenue growth this year as markets recovered in the second half after reporting higher 2023 profits.
Read moreRobert Walters delivers in-line 2023, but outlook cautious
7th Mar 2024 07:26
(Sharecast News) - Annual results from Robert Walters were more or less as expected on Thursday after a detailed trading update after year-end, with the recruitment company reporting a 10% drop in net fee income and sharp decline in profits.
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