News Archive
Morgan Stanley downgrades Unilever
27th Feb 2024 13:10
(Sharecast News) - Morgan Stanley downgraded Unilever on Tuesday to 'underweight' from 'equalweight' and cut the price target to 3,775p from 4,100p.
Read moreFTSE 250 movers: Abrdn shares sink, Carnival jumps
27th Feb 2024 12:39
(Sharecast News) - Fund manager Abrdn was leading the fallers on Tuesday after reporting its 2023 annual results, in which losses narrowed but revenues declined, as it warned of a hit to margins as clients shift to passive investing.
Read moreMacy's reports mixed holiday quarter, unveils new strategy
27th Feb 2024 12:38
(Sharecast News) - Shares in Macy's were bobbing above and below the waterline in pre-market trading on Tuesday, after the retail giant reported a mixed set of holiday-quarter figures and unveiled a new strategic plan.
Read moreKitwave reports decent growth as it integrates acquisitions
27th Feb 2024 12:28
(Sharecast News) - Kitwave Group reported a 20% rise in revenue in its full-year results on Tuesday, to £602.2m, compared to £503.1m in the prior year.
Read moreBrickability outlook more conservative amid weak brick market
27th Feb 2024 12:20
(Sharecast News) - Construction materials distributor Brickability said in an update on Tuesday that, despite positive performances in the distribution and contracting divisions, weakness in bricks and building products was leading to a more conservative full-year outlook.
Read moreUS open: Futures little changed, S&P 500 retreats from record highs
27th Feb 2024 12:06
(Sharecast News) - Wall Street futures were little changed ahead of the bell on Tuesday after the S&P 500 slipped from its all-time high in the previous session.
Read moreItim shares surge on 'significant' five-year contract with Quiz
27th Feb 2024 12:05
(Sharecast News) - Software-as-a-service business Itim Group revealed on Tuesday that it had won a contract with fashion retailer Quiz Clothing.
Read moreLowe's revenue meets expectations as it warns of DIY slowdown
27th Feb 2024 11:58
(Sharecast News) - US home improvement retailer Lowe's reported fourth-quarter revenue that met analysts' expectations on Tuesday, as it fell 17.1% year-on-year to $18.6bn.
Read moreElliott Advisors said to have sweetened offer for Currys to £750m
27th Feb 2024 11:42
(Sharecast News) - Investment firm Elliott Advisors has reportedly returned with a second offer for electricals retailer Currys amid investor hopes of a rare bidding war for a London-listed company.
Read moreElliott Advisors said to have sweetened offer for Currys to £750m
27th Feb 2024 11:42
(Sharecast News) - Currys confirmed on Tuesday that it had received and rejected a sweetened takeover approach from US investment firm Elliott Advisors.
Read moreLondon midday: FTSE flat as investors pause for breath
27th Feb 2024 10:32
(Sharecast News) - London stocks had pared earlier small gains to trade flat by midday on Tuesday as investors erred on the side of caution ahead of key US inflation data later this week.
Read moreEurope midday: Stocks flat as investors turn cautious ahead of data
27th Feb 2024 10:29
(Sharecast News) - European stock markets were struggling for direction on Tuesday morning with the Stoxx 600 trading broadly flat after a weak showing on Wall Street the previous session ahead of a busy few days for economic data.
Read moreM&S investing £89m to raise store workers' pay to £12 an hour
27th Feb 2024 10:28
(Sharecast News) - High street retailer Marks & Spencer has announced it is to pay UK workers in the Real Living Wage of £12 per hour and make "significant improvements" in family leave policies.
Read moreSondrel wins new design and supply contract
27th Feb 2024 10:22
(Sharecast News) - Semiconductor company Sondrel said on Tuesday that it had won a new design and supply contract for a next-generation video processing chip with a total estimated value of $23.0m across the design, qualification and projected production life of the product.
Read moreItaconix achieves 'another record year of revenues'
27th Feb 2024 10:09
(Sharecast News) - Plant-based polymers manufacturer Itaconix said on Tuesday that it had achieved "another record year of revenues" in 2023, sending shares skyward in early trading.
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