News Archive
Hunting earnings jump as it diversifies revenue sources
29th Feb 2024 10:39
(Sharecast News) - Hunting reported a 19% rise in its order book in its full-year results on Thursday. to $565.2m, accompanied by a 28% increase in revenue to $929.1m.
Read moreAnnual profits tumble at Man Group
29th Feb 2024 10:17
(Sharecast News) - Man Group posted a slump in annual profits on Thursday, despite a jump in assets under management, after performance fees tumbled.
Read moreRBC Capital Markets lowers target price on Reckitt
29th Feb 2024 09:49
(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 moreIndivior receives settlement approval for antitrust litigation
29th Feb 2024 09:47
(Sharecast News) - Pharmaceuticals business Indivior has received final court approval for a landmark settlement in an antitrust multi-district litigation with the direct purchaser class.
Read moreAgeas would need to offer 270p to 300p a share for Direct Line, says Jefferies
29th Feb 2024 09:36
(Sharecast News) - Belgium's Ageas would need to make an offer of 270p to 300p a share for UK insurer Direct Line for it to be more likely to be accepted, Jefferies said in a note on Thursday.
Read more'Challenging' year dents profits at Schroders
29th Feb 2024 09:27
(Sharecast News) - Asset manager Schroders posted a slide in annual profits on Thursday, after a historically "challenging" year for the sector.
Read moreCiti upgrades St James's Place to 'buy' after stock sinks
29th Feb 2024 09:22
(Sharecast News) - Citi has upgraded its stance on St James's Place after a collapse in the the financial advice company's shares this week, saying that the "potholes have been filled".
Read moreCRH expects further profit growth in 2024, unveils another share buyback
29th Feb 2024 09:21
(Sharecast News) - Shares in CRH jumped to a record high on Thursday after the building materials giant reported double-digit profit growth for 2023 and announced a new $300m share buyback programme.
Read moreFriday preview: Global factory PMIs, Rightmove in focus
29th Feb 2024 09:15
(Sharecast News) - All eyes at the end of the week will be on a raft of factory sector survey results for the month of February due out across the world.
Read moreWincanton surges as GXO makes £764m takeover offer, trumps CEVA Logistics
29th Feb 2024 08:59
(Sharecast News) - Wincanton surged on Thursday after Clipper Logistics owner GXO Logistics said it had made a £764m takeover offer for the company, potentially kicking off a bidding war.
Read moreGreencoat UK Wind hikes FY dividend
29th Feb 2024 08:57
(Sharecast News) - Renewable infrastructure fund Greencoat UK Wind hiked its dividend above expectations in 2023 and said it was confident of being able to do it again in FY24.
Read moreHammerson earnings rise in record year for leasing activity
29th Feb 2024 08:32
(Sharecast News) - Hammerson reported another record year of leasing activity in its final results on Thursday, with 306 deals totalling £46m in headline rent, marking an increase of 23% year-on-year.
Read moreEurope open: Shares gain ahead of US PCE; Haleon up on sales forecasts
29th Feb 2024 08:32
(Sharecast News) - European markets opened higher on Thursday as investors digested another dump of corporate earnings and looked ahead to inflation data in the US and Europe.
Read moreAvacta tumbles after raising £25.7m in heavily discounted placing
29th Feb 2024 08:27
(Sharecast News) - Healthcare therapeutics company Avacta tumbled on Thursday after a heavily discounted placing.
Read moreLondon open: Stocks rise as investors eye US inflation data
29th Feb 2024 08:19
(Sharecast News) - London stocks edged up in early trade on Thursday as investors digested a slew of UK earnings releases and looked to the release of key US inflation data.
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