News Archive
Europe midday: Shares slip, UK housebuilders, Zealand Pharma in focus
26th Feb 2024 11:28
(Sharecast News) - European stocks were lower on Monday after record highs last week, with UK housebuilders in focus after Britain's competition watchdog announced a probe into alleged information sharing amid broader concerns over the sector, while Zealand Pharma surged after a major mid-stage trial outcome for its fatty liver treatment.
Read moreSerica Energy finalises acquisition of Greater Buchan stake
26th Feb 2024 11:20
(Sharecast News) - Serica Energy announced on Monday that it had finalised the acquisition of a 30% non-operated stake in the Greater Buchan Area (GBA) licences, comprising P2498 and P2170, from Jersey Oil & Gas (JOG).
Read moreM&S withholding multi-million pound payment to Ocado over performance failures
26th Feb 2024 11:08
(Sharecast News) - Ocado slumped on Monday following a report over the weekend that Marks & Spencer is withholding a multimillion-pound payment to the group after their grocery delivery venture missed key performance targets.
Read moreBerenberg lifts StanChart price target
26th Feb 2024 11:01
(Sharecast News) - Berenberg upped its price target on 'buy' rated Standard Chartered on Monday to 1,050p from 1,000p as it said that growth and returns are undervalued.
Read moreRyanair blames Boeing as it revises down passenger forecasts
26th Feb 2024 10:58
(Sharecast News) - Ryanair revised down its passenger forecasts and warned of possible flight cancellations over the upcoming summer season on Monday, blaming Boeing over worsening delays in aircraft deliveries.
Read moreLondon midday: Stocks fall as housebuilders slump on probe
26th Feb 2024 10:55
(Sharecast News) - London stocks were still in the red by midday on Monday as investors eyed the release of key US data this week, with housebuilders under pressure amid news of a probe by the competition watchdog.
Read moreHeathrow denies report that third runway has been scrapped
26th Feb 2024 10:14
(Sharecast News) - London's Heathrow Airport has denied a report by the Sunday Times that plans to add a third runway had been shelved.
Read moreBerenberg lowers target price on Tate & Lyle
26th Feb 2024 09:50
(Sharecast News) - Analysts at Berenberg lowered their target price on food ingredients manufacturer Tate & Lyle from 890.0p to 860.0p on Monday due to FX headwinds.
Read moreHipgnosis Songs Fund looks to secure indemnity from Merck Mercuriadis
26th Feb 2024 09:46
(Sharecast News) - Music royalties investor Hipgnosis Songs Fund said on Monday that it was now seeking to secure an indemnity from Merck Mercuriadis and Hipgnosis Songs Management following the issuance of High Court proceedings against both.
Read moreAsia report: Markets mixed as Nikkei pushes higher
26th Feb 2024 09:40
(Sharecast News) - Markets across the Asia-Pacific region finished with a mixed pattern on Monday, as Japan's Nikkei 225 index surged to a fresh high after traders returned from a long weekend. Conversely, markets in mainland China snapped their nine-day winning streak.
Read moreUK shop price inflation slows to 23-month low in February
26th Feb 2024 09:04
(Sharecast News) - Shop price inflation in the UK fell to its lowest level in 23 months in February, according to the British Retail Consortium-NielsenIQ Shop Price Index released on Tuesday.
Read moreJefferies expects solid recovery at Anglo American
26th Feb 2024 08:40
(Sharecast News) - Anglo American investors just need a little more patience, according to analysts at Jefferies who reiterated their 'buy' rating on the mining company ahead of what it sees as an inevitable recovery in the share price.
Read moreEurope open: UK housebuilding stocks fall on probe news
26th Feb 2024 08:26
(Sharecast News) - European stocks opened lower on Monday after record highs last week, with UK housebuilders in focus after Britain's competition watchdog announced a probe into alleged information sharing amid broader concerns over the sector.
Read moreWincanton jumps as potential bidding war kicks off
26th Feb 2024 08:19
(Sharecast News) - Logistics firm Wincanton surged on Monday after CEVA Logistics, a unit of French shipping firm CMA CGM, sweetened its offer for the group to £604.7m, and following an approach from Clipper Logistics owner GXO Logistics.
Read moreEngage XR reports better-than-expected FY losses
26th Feb 2024 08:02
(Sharecast News) - Extended reality technology group Engage XR reported a better-than-expected full-year underlying loss on Monday as revenues came in right in the middle of its guidance range.
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