News Archive
SpaceandPeople FY revenues seen 'slightly above' expectations
19th Feb 2024 09:25
(Sharecast News) - Promotional and brand experience specialist SpaceandPeople revealed on Monday that it had put on a "strong" second-half performance, putting total full-year revenues "slightly above" market expectations.
Read moreAsia report: Markets mixed as China returns from Lunar New Year
19th Feb 2024 08:53
(Sharecast News) - Equity markets in the Asia-Pacific region saw a mixed performance on Monday, as traders in China returned from a long holiday.
Read moreEurope open: Shares lower as hopes of early US rate cut take hit
19th Feb 2024 08:05
(Sharecast News) - European shares opened the week lower on Monday with US markets closed for the Presidents Day holiday and investors eyeing a potential two-way battle for struggling UK electrical retailer Currys.
Read moreAstraZeneca's Tagrisso gains FDA approval
19th Feb 2024 08:03
(Sharecast News) - Drugmaker AstraZeneca traded higher early on Monday after revealing that a combination of its cancer drug Tagrisso with chemotherapy had gained US approval to treat a particular type of lung cancer.
Read moreLondon open: Stocks nudge lower but Currys surges amid takeover interest
19th Feb 2024 08:02
(Sharecast News) - London stocks were just a touch weaker in early trade on Monday, but electricals retailer Currys surged amid takeover interest.
Read moreInsurance arm stands out as Moneysupermarket posts record revenues
19th Feb 2024 07:44
(Sharecast News) - Moneysupermarket hailed record full-year revenues on Monday following a strong performance from its insurance business.
Read moreLondon pre-open: Stocks to edge up; Currys rejects takeover bid from Elliott
19th Feb 2024 07:33
(Sharecast News) - London stocks were expected to edge up on Monday, but trade was set to be fairly quiet with US markets closed for Presidents' Day.
Read moreHipgnosis Sogns Fund launches legal claim over indemnity
19th Feb 2024 07:29
(Sharecast News) - Hipgnosis Songs Fund updated the market on its pursuit of an indemnity from its founder Merck Mercuriadis on Monday, as well as Hipgnosis Songs Management Limited, the investment adviser majority-owned by funds linked to Blackstone.
Read moreBank of Georgia to buy Armenia's Ameriabank for $303.6m
19th Feb 2024 07:29
(Sharecast News) - Bank of Georgia said on Monday that it has agreed to buy Armenia's Ameriabank for around $303.6m.
Read moreAnglo American says 4,300 jobs at risk as metal prices fall
19th Feb 2024 07:24
(Sharecast News) - Anglo American Platinum said it was starting a restructuring that could affect more than 4,300 jobs due to lower prices, higher costs amid a global economic slowdown.
Read moreMonday newspaper round-up: Train-leasing firms, oil companies, EDF
19th Feb 2024 07:24
(Sharecast News) - Private firms that lease out trains for Britain's railway have seen their profits treble in a year, with more than £400m paid in dividends, official figures show. The rolling stock companies paid out a total of £409.7m to shareholders and profit margins rose to 41.6% in 2022-23, according to the Office of Rail and Road, as the rest of the railway was told to make swingeing cuts and salaries were frozen. Taxpayer subsidies are still running at twice pre-pandemic levels. - Guardian
Read moreUnite Group inks development deal with Newcastle University
19th Feb 2024 07:22
(Sharecast News) - Student accommodation specialist Unite Group announced a joint venture with Newcastle University on Monday, for the development of 2,000 new student beds.
Read moreUK house prices push higher - Rightmove
19th Feb 2024 07:20
(Sharecast News) - House prices strengthened in February, industry data showed on Monday, as mortgage rates continued to fall.
Read moreElliott confirms bid approach for UK retailer Currys
19th Feb 2024 07:02
(Sharecast News) - Shares in Currys surged more than 35% on Monday after US private equity firm Elliott Advisors and China ecommerce giant JD.com on Monday confirmed they were considering separate bids for struggling British electrical retailer.
Read moreSunday newspaper round-up: Currys, Barclays, Homebuilders
18th Feb 2024 23:26
(Sharecast News) - China's JD.com has been looking at a possible acquisition offer for Currys. Just the day before the electricals retailer had rebuffed an approach by private equity. Exploratory talks between Currys and JD had been held over the preceding weeks. Additional bidders may appear. It was understood that Currys had been contacted by multiple private equity firms on an informal basis over recent months after it was forced to cut its dividend payout. It was but the latest example of a British business being taken out and for some showed that British businesses were being chronically undervalued. - Sunday Telegraph
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