News Archive
London open: Stocks fall on retail sales, China disappointment
5th Mar 2024 08:25
(Sharecast News) - London stocks fell in early trade on Tuesday, with sentiment hit after China failed to announce any fresh stimulus and following the release of uninspiring UK retail sales figures.
Read moreHiscox hails record profits, announces $150m buyback
5th Mar 2024 08:24
(Sharecast News) - Hiscox hailed record full-year pre-tax profit on Tuesday amid record investment income as it announced a $150m share buyback.
Read moreRotork launches £50m share buyback after strong year
5th Mar 2024 08:20
(Sharecast News) - Rotork reported a robust performance in its preliminary results on Tuesday, as well as a promising outlook as it implemented its 'Growth+' strategy.
Read moreHochschild signs option to buy Brazil project from Cerrado Gold
5th Mar 2024 08:18
(Sharecast News) - Hochschild Mining said it had signed a deal with Cerrado Gold giving it the option to buy a 100% interest in the latter's Monte Do Carmo project located in the state of Tocantins, Brazil.
Read moreInchcape details 'excellent' FY23, expects more 'moderate' growth in FY24
5th Mar 2024 08:04
(Sharecast News) - Automotive distributor Inchcape detailed an "excellent" annual performance on Tuesday but tempered expectations for future growth.
Read moreIWG cautious but confident on 2024 after record revenues
5th Mar 2024 07:58
(Sharecast News) - Hybrid-working office space provider IWG reported a sharp rise in annual profits but held a cautious line on 2024 prospects, despite bringing in record revenues last year.
Read moreSpirent Communications to be taken over by Viavi in £1bn deal
5th Mar 2024 07:44
(Sharecast News) - Spirent Communications said on Tuesday that it has agreed to be taken over by US communications equipment company Viavi in a £1bn deal, as it revealed a slump in profits.
Read moreBakkavor sees 2024 profits at upper end as China markets rebound
5th Mar 2024 07:37
(Sharecast News) - Prepared food supplier Bakkavor said it expected 2024 adjusted operating profit to be at least in line with upper end of market expectations after posting a strong rise in earnings last year as its markets in China recovered from Covid-19 restrictions.
Read moreLondon pre-open: Stocks seen lower as retail sales hit by wet weather
5th Mar 2024 07:36
(Sharecast News) - London stocks were set to fall at the open on Tuesday as investors mulled uninspiring retail sales data and a slew of corporate releases.
Read moreTravis Perkins mulling French exit as 2023 profits sink
5th Mar 2024 07:29
(Sharecast News) - Building merchant Travis Perkins said it is looking at exiting its French operations after seeing group operating profits more than halved in 2023.
Read moreChina services growth slows in February - Caixin
5th Mar 2024 07:29
(Sharecast News) - Growth in China's services sector slowed in February, according to a survey released on Tuesday.
Read moreTuesday newspaper round-up: Mortgage reforms, JLR, Crispin Odey
5th Mar 2024 07:28
(Sharecast News) - The UK spends less on low-carbon energy policy than any other major European economy, analysis has shown, despite evidence that such spending could lower household bills and increase economic growth more than the tax cuts the government has planned. Spending on low-carbon measures for the three years from April 2020 to the end of April 2023 was about $33.3bn (£26.2bn) in total for the UK, the lowest out of the top five European economies, according to an analysis by Greenpeace of data from the International Energy Agency. - Guardian
Read moreGSK's ViiV upbeat on ultra-long-acting HIV treatment study
5th Mar 2024 07:26
(Sharecast News) - GSK announced on Tuesday that its specialist GIV joint venture with Pfizer and Shionogi, ViiV Healthcare, had reported encouraging results from its phase one clinical trial of an investigational formulation of cabotegravir, termed cabotegravir ultra long-acting (CAB-ULA).
Read moreFall in digital revenue drives weaker year for Reach
5th Mar 2024 07:22
(Sharecast News) - British media company Reach reported a 5.4% decline in revenue in its annual results on Tuesday, to £568.6m.
Read moreGreggs makes strong start after delivering tasty 2023 profits
5th Mar 2024 07:08
(Sharecast News) - High Street bakery chain Greggs maintained guidance and said it had made a strong start to the current year after delivering a jump in 2023 profits as customers sought out its sausage rolls and doughnuts amid the cost-of-living crisis.
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