News Archive
UK borrowing surplus hits record high
21st Feb 2024 07:27
(Sharecast News) - The UK notched up a record monthly borrowing surplus in January, official data showed on Wednesday, despite it narrowly missing forecasts.
Read moreTate & Lyle revenues dip amid softer demand
21st Feb 2024 07:27
(Sharecast News) - Tate & Lyle cut its full-year revenue outlook on Wednesday as it said posted a drop in third-quarter revenue due to softer demand.
Read moreBAE beats forecasts, sees 10% sales rise amid global tensions
21st Feb 2024 07:26
(Sharecast News) - BAE Systems reported better-than-expected full-year profits and said sales would grow further this year as the rise in geopolitical tensions drove increases in military spending by governments.
Read moreWednesday newspaper round-up: Fuel prices, electric vehicles, Klarna
21st Feb 2024 07:26
(Sharecast News) - Food businesses sending products to the EU have had to fork out an extra £170m in export costs because of Brexit red tape, with the changes described as being "catastrophic" for some exporters. Data shared with the Guardian shows that in the three years since leaving the single market, exporters of foods of animal origin have had to pay the sums to secure sign-offs by vets before they can send their shipments. - Guardian
Read moreGSK's ViiV sees success in latest HIV treatment trial
21st Feb 2024 07:22
(Sharecast News) - GSK's specialist HIV unit ViiV Healthcare, which it owns in partnership with Pfizer and Shionogi, unveiled promising findings from the 'LATITUDE' phase three trial of its long-acting injectable HIV treatment Cabenuva on Wednesday.
Read moreConduit Re confident after strong year
21st Feb 2024 07:20
(Sharecast News) - Conduit Holdings reported a comprehensive income of $190.8m in its preliminary results on Wednesday, reflecting a solid return on equity (RoE) of 22% for 2023.
Read moreFalling prices dent full-year earnings at Rio Tinto
21st Feb 2024 07:15
(Sharecast News) - Mining giant Rio Tinto said that commodity price movements led to a $1.5bn hit to underlying profits in 2023, though results were partly offset by a stronger US dollar and lower energy prices.
Read moreHSBC profits soar 78% but miss forecasts on China exposure
21st Feb 2024 07:02
(Sharecast News) - Shares in HSBC fell on Wednesday as a record annual profits missed forecasts after it was forced to take a $3bn hit from its exposure to a Chinese bank.
Read moreUS close: Stocks lower in first session of holiday-shortened week
20th Feb 2024 21:45
(Sharecast News) - Wall Street stocks closed lower on Tuesday as market participants returned from the Presidents' Day long weekend.
Read moreSector movers: Barclays paces gains in lenders' shares
20th Feb 2024 18:02
(Sharecast News) - Lenders' shares paced gains on Tuesday on the heels of Barclays's full-year numbers.
Read moreEurope close: Stocks end mixed, investors mulling rate outlook
20th Feb 2024 17:10
(Sharecast News) - European stocks traded in mixed fashion again on Tuesday as investors fretted about the timing of interest rate cuts, while French car parts supplier Forvia fell after announcing large job cuts.
Read moreBody Shop to shutter roughly half of UK locations
20th Feb 2024 15:40
(Sharecast News) - Cosmetics company The Body Shop will shutter roughly half of its UK storefronts and lower staffing numbers at its London head office by approximately 40%, leading to hundreds of job losses in the process.
Read moreLondon close: Stocks finish lower on fresh China concerns
20th Feb 2024 15:29
(Sharecast News) - London's stock markets closed in negative territory on Tuesday, with concerns over China's economic prospects exerting pressure on mining shares.
Read moreAJ Bell founder tapped for Applied Nutrition chairman role
20th Feb 2024 15:11
(Sharecast News) - AJ Bell founder Andy Bell has been appointed chairman of Applied Nutrition, a rapidly growing sports nutrition, health, and wellness brand based in Liverpool, it was reported on Tuesday.
Read moreCanaccord Genuity slightly raises target price on Arrow Exploration
20th Feb 2024 15:10
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on exploration and production business Arrow Exploration from 40.0p to 44.0p on Tuesday following "a very encouraging start" to the group's extensive 2024 drilling programme.
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