News Archive

Europe open: Shares down on rate worries; Barclays gains on restructure

20th Feb 2024 08:29

(Sharecast News) - European stocks opened lower on Tuesday as investors fretted about the timing of interest rate cuts, while UK bank Barclays was in focus after announced in first major overhaul in 10 years.

GCP Infra signs new revolving credit facility

20th Feb 2024 08:27

(Sharecast News) - GCP Infra has agreed a new revolving credit facility and cut its total commitment by Â£40m to Â£150m.

London open: Stocks fall as miners slump; Barclays rallies after results

20th Feb 2024 08:14

(Sharecast News) - London stocks fell in early trade on Tuesday, with miners under pressure amid worries about China's economy, but Barclays powered ahead as investors welcomed the bank's strategic overhaul.

Superdry's Dunkerton in talks with US investor about bid - report

20th Feb 2024 08:10

(Sharecast News) - Prominent US investor Davidson Kempner is reportedly among the parties being courted by Superdry's founder as he assembles an offer to take the struggling fashion chain private.

Antofagasta FY revenues grow as copper prices stabilise

20th Feb 2024 08:01

(Sharecast News) - Copper miner Antofagasta said on Tuesday that full-year revenues had grown on the back of a more stable price for the metal throughout 2023.

PBoC trims five-year loan prime rate more than expected

20th Feb 2024 07:57

(Sharecast News) - Rate-setters in China took decisive steps to bolster its property market on Tuesday, by implementing the first cut in its benchmark five-year loan prime rate since June.

Plus500 planning $175m shareholder returns as FY results beat expectations

20th Feb 2024 07:56

(Sharecast News) - Plus500 reported a fall in full-year earnings and revenue on Tuesday, but results were "significantly ahead" of market expectations and the online trading platform announced plans for $175m in shareholder returns.

Jefferies upgrades Domino's Pizza to 'buy'

20th Feb 2024 07:54

(Sharecast News) - Jefferies upgraded Domino's Pizza Group on Tuesday to 'buy' from 'hold' and lifted the price target to 430p from 410p.

CMA launches market study into supply of infant formula

20th Feb 2024 07:46

(Sharecast News) - Watchdog the Competition and Markets Authority has launched a market study into the supply of infant formula in the UK, after first looking into the market back in November 2023.

London pre-open: Stocks seen down as Barclays reports

20th Feb 2024 07:46

(Sharecast News) - London stocks were set to fall at the open on Tuesday following losses on Wall Street, with Barclays results in focus.

Tuesday newspaper round-up: Workers' rights, Severn Trent, Superdry

20th Feb 2024 07:44

(Sharecast News) - Union leaders have warned business groups against pushing Keir Starmer to water down Labour's plans to introduce sweeping reforms of workers' rights and a ban on zero-hours contracts. As the Labour leader comes under pressure from industry to scale back its shake-up of employment laws, the Trades Union Congress (TUC) said the plans were "extremely popular" with voters and good for the economy. - Guardian