News Archive
888 Holdings axes SI deal, mulls sale of US consumer arm
6th Mar 2024 07:59
(Sharecast News) - UK gambling outfit 888 Holdings on Wednesday admitted its bet on the US sports market hadn't paid off and was ending its deal with Sports Illustrated and mulling a potential sale of its American consumer operations.
Read moreAntler sells 21.5m shares in Baltic Classifieds in placing
6th Mar 2024 07:58
(Sharecast News) - Antler, which is controlled by funds advised by Apax, has sold 21.5m shares in Baltic Classifieds Group in a placing, raising gross proceeds of £47.3m.
Read moreConsortium raises £1.4bn in placing of 21.5m LSEG shares
6th Mar 2024 07:51
(Sharecast News) - A consortium of investors in London Stock Exchange Group has sold 21.5m shares in a placing, raising around £1.4bn.
Read moreQuilter sees 25% rise in full-year profits
6th Mar 2024 07:49
(Sharecast News) - Wealth management company Quilter saw profits rise by a quarter in 2023, helped by a five percentage-point increase in operating margins, after strong investment returns during the year.
Read morePremier Foods to suspend pensions deficit payments early
6th Mar 2024 07:42
(Sharecast News) - Premier Foods said on Wednesday that it will benefit from £33m increased free cash flow in the financial year to 29 March 2025 after reaching an agreement with the trustee of its pension scheme to suspend pension deficit contribution payments from 1 April 2024.
Read moreLondon pre-open: Stocks to edge up ahead of Budget
6th Mar 2024 07:40
(Sharecast News) - London stocks were set to edge up at the open on Wednesday, with all eyes on the Spring Budget.
Read moreWednesday newspaper round-up: Fuel duty, Post Office, ECB
6th Mar 2024 07:32
(Sharecast News) - Retaining the fuel duty cut in the budget is a regressive policy that benefits the wealthiest in society, who will save £60 a year, while those who earn the least will save just £22, according to analysis. Jeremy Hunt is expected to announce an extension of the 5p cut in fuel duty brought in during 2022, a proposal that has won him plaudits across the rightwing press. - Guardian
Read moreLondonMetric completes merger with LXi, buys Crewe property
6th Mar 2024 07:27
(Sharecast News) - LondonMetric Property announced the completion of its merger with LXi REIT on Wednesday, effective on 5 March.
Read moreL&G posts below-forecast operating profits
6th Mar 2024 07:25
(Sharecast News) - UK insurer Legal & General posted lower-than-expected operating profits last year amid tough market conditions.
Read moreRathbones revenue rises as it integrates acquisitions
6th Mar 2024 07:24
(Sharecast News) - Rathbones Group reported substantial growth in funds under management and administration (FUMA) in its preliminary results for 2023 on Wednesday, rising to £105.3bn from £60.2bn year-on-year, fueled largely by the acquisition of Investec Wealth & Investment UK (IW&I).
Read moreBreedon buys US concrete maker BMC Enterprises for $300m
6th Mar 2024 07:17
(Sharecast News) - Construction materials group Breedon on Wednesday said it had bought US-based BMC Enterprises for an enterprise value of $300m (£238.1m).
Read moreConvatec lifts organic growth guidance after strong 2023
6th Mar 2024 07:12
(Sharecast News) - Medtech group Convatec has lifted its forecasts for medium-term organic growth forecasts after a strong performance in 2023 which saw a rise in margins and double-digit profit growth.
Read moreDS Smith sees Q3 trading in line despite tough markets
6th Mar 2024 07:03
(Sharecast News) - Paper and packaging maker DS Smith said third-quarter trading was in line with expectations despite "challenging" market conditions.
Read moreUS close: Stocks lower, Apple weighs on major indices
5th Mar 2024 21:34
(Sharecast News) - US stocks closed sharply lower on Tuesday as shares in tech giant Apple weighed on the Street.
Read moreOxford Biomedica shares rise on post-acquisition guidance
5th Mar 2024 16:22
(Sharecast News) - Shares in cell and gene therapy specialist Oxford Biomedica were jumping on Tuesday afternoon, after the company updated the market on its medium-term financial guidance.
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