News Archive

Revenue falls but profits rise for James Halstead

1st Oct 2024 10:01

(Sharecast News) - Commercial flooring specialist James Halstead reported a 9.4% decline in full-year revenue on Tuesday, to £274.9m, down from £303.6m in 2023, due to challenging market conditions.

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Tavistock planning to offload two subsidiaries in £38m deal

1st Oct 2024 09:53

(Sharecast News) - Tavistock Investments announced the proposed sale of two of its subsidiary businesses, Tavistock Partners Limited (TPL) and Tavistock Estate Planning Services Limited (TEPS), to the Saltus Partnership Holdings on Tuesday, for up to £37.75m.

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Character Group performs well in FY24 despite 'external challenging conditions'

1st Oct 2024 09:48

(Sharecast News) - Toy company Character Group said on Tuesday that whilst the market has continued to experience "external challenging conditions", it continued to "perform well" throughout the year ended 31 August.

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Iomart acquires Atech Support holding company, H1 profits fall

1st Oct 2024 09:41

(Sharecast News) - IT and cloud computing business Iomart has agreed to acquire Atech Support holding company Kookaburra Topco for £57.0m in what it called a "powerful combination" of secure cloud offerings that marks the "next phase" in the group's evolution.

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Roadside Real Estate disposes of Barkby Pubs subsidiary

1st Oct 2024 09:30

(Sharecast News) - Roadside retail real estate business Roadside Real Estate said on Tuesday that it has disposed of its Barkby Pub Co subsidiary as it continues to refocus the business.

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Wednesday preview: Investors await outlook statement from JD Sports

1st Oct 2024 09:26

(Sharecast News) - JD Sports Fashion will be in the spotlight on Wednesday as the sports apparel retailer reports its results for the six months to 3 August.

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Eurozone inflation falls below 2% in Sept, boosting rate cut hopes

1st Oct 2024 09:15

(Sharecast News) - Eurozone inflation fell below the European Central Bank's 2% target for the first time since 2021, boosting hopes of further interest rate cuts in the single currency bloc.

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Eurozone manufacturing PMI drops to nine-month low

1st Oct 2024 09:09

(Sharecast News) - The downturn in the eurozone manufacturing sector deepened in September with activity contracting at its sharpest rate this year, final estimates from S&P Global and Hamburg Commercial Bank (HCOB) confirmed on Tuesday.

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Asia report: Markets mixed on quiet day for regional trading

1st Oct 2024 08:58

(Sharecast News) - Asia-Pacific markets were mixed on Tuesday, with trading impacted by public holidays in a number of key markets, as well as the cautious tone set by US Federal Reserve chair Jerome Powell overnight.

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Adnoc to buy Covestro in €11.7bn deal

1st Oct 2024 08:54

(Sharecast News) - Covestro shares sparked on Tuesday after the German chemicals firm agreed to be bought by Abu Dhabi's state-owned oil firm Adnoc for about €11.7bn.

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Berenberg hikes Asos target price by 22%

1st Oct 2024 08:41

(Sharecast News) - Berenberg has hiked its target price for fast fashion retailer Asos by more than a fifth, saying the ecommerce group has the time and scope for a successful turnaround.

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Eco Animal Health warns on FY revenues

1st Oct 2024 08:21

(Sharecast News) - Veterinary products group Eco Animal Health warned on Tuesday that recent challenges in China and Southeast Asia meant that full-year revenues would be "materially below" current market expectations.

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Europe open: Shares fall as Israel invasion of Lebanon hits sentiment

1st Oct 2024 08:17

(Sharecast News) - European shares continued their retreat at the open on Tuesday as Israel's invasion of Lebanon dented investor sentiment amid fears of a major escalation of conflict in the Middle East.

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London open: Stocks nudge up ahead of manufacturing reading

1st Oct 2024 07:59

(Sharecast News) - London stocks were just a touch higher in early trade on Tuesday as investors mulled news of Israel's invasion of Southern Lebanon, and eyed the latest reading on the UK manufacturing sector.

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The Works to focus on profitability after fall in full-year earnings

1st Oct 2024 07:54

(Sharecast News) - Value bookseller and stationer The Works reported total full-year revenue growth of 0.9% on Tuesday, to £282.6m, despite challenging economic conditions.

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