News Archive
Rentokil profits boosted by Terminix
7th Mar 2024 07:24
(Sharecast News) - Rentokil reported a rise in full-year profit and revenue on Thursday as it benefited from the acquisition of Terminix in the US.
Read moreGSK reports more encouraging trial results for Blenrep
7th Mar 2024 07:21
(Sharecast News) - GSK unveiled encouraging results from its 'DREAMM-8' phase three trial on Thursday, comparing the efficacy of 'Blenrep', or belantamab mafodotin, in combination with pomalidomide plus dexamethasone, or PomDex, against the standard treatment of bortezomib plus PomDex in relapsed or refractory multiple myeloma patients.
Read moreHarbour Energy holds production guidance as weak prices hit 2023 profits
7th Mar 2024 07:15
(Sharecast News) - North Sea oil and gas producer Harbour Energy on Thursday held production guidance for 2024 as it reported a sharp fall in annual profits on the back of lower output and weaker prices.
Read moreITV profits slump amid weak ad revenues
7th Mar 2024 07:04
(Sharecast News) - UK broadcaster ITV reported a 41% fall in annual profits as weak ad revenues offset a record performance from its studios unit.
Read moreSector movers: Cyclicals boosted by expectations for rate cuts in US
7th Mar 2024 02:20
(Sharecast News) - Cyclical areas of the market such as Investment Banking and Brokerage Services or Autos and Parts led to the upside thanks to remarks from Fed chairman Jerome Powell that didn't 'rock the boat'.
Read moreUS close: Stocks firmer as Powell signals rate cuts this year
6th Mar 2024 21:36
(Sharecast News) - Wall Street staged a recovery Wednesday, with US stocks finishing higher after recent declines.
Read moreEurope close: Stocks gain on the back of Powell's testimony
6th Mar 2024 16:26
(Sharecast News) - European shares extended gains on Wednesday as investors apparently breathed a sigh of relief following US Federal Reserve Chair Jerome Powell's congressional testimony.
Read moreFTSE 100 movers: IAG flies higher on upgrade; L&G drops on results
6th Mar 2024 15:57
(Sharecast News) - London's FTSE 100 was 0.3% higher at 7,671.99 in afternoon trade on Wednesday.
Read moreFTSE 250 movers: Premier Foods on the menu; Ibstock wobbles
6th Mar 2024 15:56
(Sharecast News) - FTSE 250 (MCX) 19,484.92 1.11%
Read moreDirector dealings: Wife of Johnson Service CEO snaps up shares
6th Mar 2024 15:43
(Sharecast News) - Johnson Service Group revealed on Wednesday that chief executive Peter Egan's wife, Caitriona, had acquired 65,000 shares in the AIM-listed textile rental business.
Read moreBroker tips: Experian, IAG
6th Mar 2024 15:38
(Sharecast News) - Jefferies has upgraded its rating on Experian from 'hold' to 'buy' and hiked its target price by nearly 40%, saying that growth is at an inflection point for the data analytics and credit ratings agency.
Read moreLondon close: Stocks finish higher after Hunt's Spring Budget
6th Mar 2024 15:02
(Sharecast News) - London's stock markets closed in positive territory on Wednesday, as investors absorbed the Chancellor's Spring Budget announcement of a 2p reduction in National Insurance.
Read moreUS open: Stocks higher following labour market data
6th Mar 2024 14:45
(Sharecast News) - US stocks traded higher early on Thursday morning as markets rebounded from recent falls, with investors watching labour-market data and comments from the head of the Federal Reserve.
Read morePowell reiterates rates likely headed lower, wants to see 'more good data'
6th Mar 2024 14:31
(Sharecast News) - The head of America's central bank told Congress that he continued to believe that interest rates were likely headed lower in 2024.
Read moreSpring Budget garners mixed reaction
6th Mar 2024 14:27
(Sharecast News) - The chancellor's spring Budget received a mixed reaction on Wednesday, as business groups and economists digested the government's latest plans to bolster the UK's faltering economy.
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