News Archive
London open: Housebuilders pace decline on news of CMA probe
26th Feb 2024 07:57
(Sharecast News) - London stocks fell in early trade on Monday as investors eyed the release of key US data later this week, with housebuilders under pressure amid news of a probe by the competition watchdog.
Read moreUK housebuilders face CMA probe over info sharing, home quality
26th Feb 2024 07:52
(Sharecast News) - Britain's competition watchdog has started an investigation into eight housebuilders over evidence they may have been sharing information which could be harming competition in the sector and influencing prices.
Read moreKosmos Energy swings to Q4 profit despite fall in sales
26th Feb 2024 07:49
(Sharecast News) - American oil group Kosmos Energy reported that fourth-quarter revenues fell by a tenth as falling prices outweighed an increase in production, but the company swung to a profit and painted a bullish outlook for the coming year.
Read moreLondon pre-open: Stocks seen down as attention turns to data points
26th Feb 2024 07:33
(Sharecast News) - London stocks were set to fall at the open on Monday as investors looked ahead to key economic data points during the week.
Read moreMonday newspaper round-up: Ryanair, retailers, solar farms
26th Feb 2024 07:26
(Sharecast News) - Peak summer air fares in Europe are likely to rise again this year by up to 10%, according to Ryanair, as problems with aircraft at Boeing and Airbus leave customers scrambling for seats. The increase would come on top of the sharp post-pandemic rise in holiday flight prices last year when pent-up demand met limited capacity in European airlines.- Guardian
Read moreAstraZeneca's blood-disorder drug recommended for EU approval
26th Feb 2024 07:22
(Sharecast News) - European regulators has given the green light to AstraZeneca's blood-disorder drug Voydeya, the biopharma giant announced on Monday.
Read moreGSK reports positive results from gonorrhoea treatment trial
26th Feb 2024 07:22
(Sharecast News) - GSK announced encouraging headline outcomes from its trial of gepotidacin, an oral antibiotic aiming to address uncomplicated urogenital gonorrhoea in adolescents and adults, on Monday.
Read moreHammerson to sell Aberdeen shopping centre for £111m
26th Feb 2024 07:20
(Sharecast News) - Hammerson said on Monday that it has agreed the sale of Aberdeen shopping centre Union Square to an affiliate of Lone Star Real Estate Fund VI for £111m in cash.
Read moreBegbies Traynor maintains expectations, signs new debt facility
26th Feb 2024 07:19
(Sharecast News) - Professional services consultancy Begbies Traynor said in a trading update on Monday that it maintained consistency with expectations in the third quarter, with both divisions trading in accordance with the outlook it provided at its half-year results in December.
Read moreBunzl sees lower operating margins as US ops weigh
26th Feb 2024 07:03
(Sharecast News) - Shares in Bunzl slipped on Monday as the distribution specialist said it expected a slight fall in operating margin after posting a 10% rise in annual profits, as revenues were hit by weaker trading at its North American operations.
Read moreSunday newspaper round-up: Rolls-Royce, Royal Mail, Discount grocers
25th Feb 2024 22:15
(Sharecast News) - Rolls-Royce boss Tufan Erginbilgic has set his eyes on the market for the engines that power narrow-body jets. Up until now, the engineer had focused on engines for wide-body jets, like those that keep the Airbus 350 or Boeing 777 in the air. But increased fuel efficiency means that the former are now increasing their range, turning them into a major and growing market that Erginbilgic wants a slice of. In remarks to the Sunday Times, he said that he is now on the look out for a partner to develop narrow-body jet engines. - The Sunday Times
Read moreWeek ahead: US PCE price data, Fedspeak in the spotlight
23rd Feb 2024 17:37
(Sharecast News) - The coming week will be back-end loaded with the interest rate outlook in the U.S. still very much front and centre on investors' minds.
Read moreEurope close: Stocks continue to grind higher
23rd Feb 2024 17:05
(Sharecast News) - European shares continued to rally on Friday after a bullish session on Wall Street overnight, with the benchmark Stoxx 600 nearing record highs again.
Read moreLondon close: FTSE rises on back of StanChart cheer
23rd Feb 2024 16:07
(Sharecast News) - London stocks finished with a mixed performance on Friday, as Standard Chartered underpinned the top-flight index following its announcement of a $1bn share buyback programme.
Read moreFTSE 100 movers: StanChart gains on buyback; Beazley bounces again
23rd Feb 2024 14:42
(Sharecast News) - London's FTSE 100 was up 0.3% at 7,708.26 in afternoon trade on Friday.
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