News Archive
Babcock secures £500m UK submarine contract
1st Mar 2024 07:28
(Sharecast News) - Babcock International has secured a significant contract with the UK's Submarine Delivery Agency (SDA), it announced on Friday, valued at £560m.
Read moreTritax reports solid profit growth in 2023
1st Mar 2024 07:25
(Sharecast News) - Tritax Big Box, the logistics-focused real estate group currently undergoing a potential £900m all-share merger with UK Commercial Property Reit (UKCM), delivered a small increase full-year profits as a result of higher rental income and lower costs.
Read moreITV sells stake in BritBox International to BBC Studios for £255m
1st Mar 2024 07:23
(Sharecast News) - ITV said on Friday that it has sold its entire 50% stake in streaming service BritBox International to its joint venture partner BBC Studios for £255m in cash.
Read moreSmiths Group sells £70m of ICU Medical shares
1st Mar 2024 07:12
(Sharecast News) - Engineering firm Smiths Group has sold a third of its stake in US-listed IV therapy specialist ICU Medical for £70m.
Read moreIMI sees higher earnings as 2023 profits jump 12%
1st Mar 2024 07:07
(Sharecast News) - Specialist engineer IMI on Friday reported a 12% jump in full-year profits and forecast higher earnings this year driven by a strong order book.
Read moreSector movers: Interest rate sensitive names lead at month's end
29th Feb 2024 22:39
(Sharecast News) - UK stocks ended a down month on a positive note on Thursday.
Read moreUS close: Stocks higher following PCE reading
29th Feb 2024 21:58
(Sharecast News) - US stocks turned in modest gains on Thursday after a closely watched gauge of inflation showed that price pressures had continued to ease last month, reigniting hopes of a rate cut in the first half of the year.
Read moreEurope close: Stocks finish flat but DAX sets another record
29th Feb 2024 16:07
(Sharecast News) - European stocks finished more or less flat on Thursday as analysts waded through a barrage of economic data from home and abroad, with losses in Spain, Italy and France offset by another gain in Germany with the DAX continuing to set new record highs.
Read moreLondon close: Stocks finish positive as US inflation moderates
29th Feb 2024 16:05
(Sharecast News) - London's stock markets finished with moderate gains on Thursday, buoyed by a combination of factors including a slowdown in US inflation, robust UK earnings reports, and encouraging mortgage approvals figures.
Read moreSainsbury's to axe 1,500 jobs in cost-cutting drive
29th Feb 2024 15:37
(Sharecast News) - Supermarket chain Sainsbury's said on Thursday that it's planning to cut around 1,500 jobs, as it looks to reduce costs and focus on food.
Read moreBroker tips: Reckitt, St James's Place, Direct Line
29th Feb 2024 15:32
(Sharecast News) - Analyst at RBC Capital Markets lowered their target price on consumer goods company Reckitt from 7,500.0p to 7,000.0p on Thursday but reiterated their 'outperform' rating on the stock, stating it was currently "bruised but undervalued".
Read moreDirector dealings: Wife of Shaftesbury CEO makes share purchase
29th Feb 2024 15:24
(Sharecast News) - Shaftesbury Capital revealed on Thursday that Jane Hawksworth, the wife of chief executive Ian Hawksworth, had acquired 88,888 ordinary shares in the FTSE 250-listed property investment and development company.
Read moreWeaker margins dampen a strong Q1 for Birkenstock
29th Feb 2024 14:45
(Sharecast News) - US-listed shares in Birkenstock dropped in New York on Thursday despite the German sandal maker beating analysts' forecasts with its first fiscal quarter results, as adjusted profits declined on the back of margin pressures.
Read moreFTSE 100 movers: CRH rallies on results; IAG flies lower
29th Feb 2024 14:40
(Sharecast News) - London's FTSE 100 was up 0.3% at 7,649.78 in afternoon trade on Thursday.
Read moreFTSE 250 movers: Drax, Howden power ahead; Aston Martin reverses
29th Feb 2024 14:34
(Sharecast News) - FTSE 250 (MCX) 19,139.10 0.66%
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