News Archive
Plexus wins North Sea plug and abandonment contract
16th Feb 2024 09:00
(Sharecast News) - Oil and gas engineering services business Plexus has won a contract valued in excess of £1.0m to provide specialised equipment and services for multiple plug and abandonment activities in the North Sea.
Read moreAsia report: Stocks jump as Nikkei heads towards all-time high
16th Feb 2024 08:55
(Sharecast News) - Markets across the Asia-Pacific region saw significant gains on Friday, with Hong Kong emerging as the leader, closely followed by Japan and South Korea.
Read moreBerenberg slashes Close Brothers price target amid 'regulatory rollercoaster'
16th Feb 2024 08:44
(Sharecast News) - Berenberg slashed its price target on Close Brothers on Friday to 425p from 1,100p as it cut estimates after the merchant bank announced it was scrapping its dividend amid a regulator probe into car financing.
Read moreEurope open: Shares up as UK retail sales lift sentiment
16th Feb 2024 08:39
(Sharecast News) - European stocks started higher Friday as investors digested better-than-expected UK retail sales figures and corporate earnings from NatWest Bank.
Read moreNike to axe over 1,600 jobs as it trims its expenses
16th Feb 2024 08:30
(Sharecast News) - Sportswear giant Nike announced plans to reduce its workforce by about 2% overnight, equating to more than 1,600 jobs, as part of a cost-cutting initiative following a year of weaker profits.
Read moreLondon open: Stocks gain as retail sales beat expectations; NatWest in focus
16th Feb 2024 08:29
(Sharecast News) - London stocks rose in early trade on Friday after the release of better-than-expected UK retail sales data and well-received results from NatWest.
Read moreXP Power revenues seen 'significantly below' FY expectations
16th Feb 2024 07:46
(Sharecast News) - Power control solutions manufacturer XP Power warned on Friday that full-year revenues would be "significantly below market expectations", sending shares sharply lower in early trading.
Read moreUK govt loses two safe seats in by-elections as Sunak insists tax cuts still viable
16th Feb 2024 07:44
(Sharecast News) - Britain's embattled ruling Conservative Party had two safe seats ripped from their grasp in by-election defeats overnight, a day after the country entered recession, with Prime Minister Rishi Sunak doubling down on his claims that he still had scope to offer tax cuts.
Read moreLondon pre-open: Stocks to rise as retail sales beat expectations
16th Feb 2024 07:27
(Sharecast News) - London stocks were set to rise at the open on Friday following upbeat sessions in the US and Asia and better-than-expected UK retail sales data.
Read moreTBC Bank recommends dividend after year of growth
16th Feb 2024 07:21
(Sharecast News) - TBC Bank Group reported significant increases in net interest income, of 26.8%, and net fee and commission income, of 27.8%, in its full-year results on Friday, leading to total operating income of GEL 2.37bn (£0.71bn), up 14.6%.
Read moreFriday newspaper round-up: Housebuilding, BT, Deutsche Bank
16th Feb 2024 07:18
(Sharecast News) - Housebuilding in London is "grinding to a halt", housing associations have warned the government, with the number of affordable homes being built plummeting by three-quarters in the last 12 months. In a letter to the housing secretary, Michael Gove, the G15, which represents the capital's 11 largest housing associations, said his policies did not go far enough to increase supply and called for an injection of billions of pounds into an affordable homes building programme. - Guardian
Read morePre-tax losses narrow at Segro as rents rise
16th Feb 2024 07:14
(Sharecast News) - Property firm Segro struck an upbeat tone on Friday, after pre-tax losses narrowed and rental income improved.
Read moreNatWest profits soar 20% as Thwaites confirmed in CEO post
16th Feb 2024 07:03
(Sharecast News) - Scandal-hit NatWest Bank reported a better-than-expected 20% rise in pre-tax profit and confirmed Paul Thwaite as chief executive on a permanent basis.
Read moreUK retail sales rally in January, beat expectations
16th Feb 2024 06:59
(Sharecast News) - UK retail sales rebounded sharply in January, official data showed on Friday, reversing December's slide.
Read moreUS close: Stocks higher following data onslaught
15th Feb 2024 22:55
(Sharecast News) - Wall Street stocks closed higher on Thursday as major indices tried to get their recent rally back on track.
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