News Archive
Ninety One signs long-term partnership with Sanlam Group as H1 profits fall
20th Nov 2024 07:56
(Sharecast News) - Investment manager Ninety One has acquired South African financial services group Sanlam Investment Management, adding £17bn in assets under management (AUM), as the company reported a 10% decline in first-half profits.
Read moreBritish Land reports stable first-half performance
20th Nov 2024 07:52
(Sharecast News) - British Land reported a stable first-half financial performance on Wednesday, with underlying profit managing a 1% rise to £143m.
Read moreChina keeps rates unchanged
20th Nov 2024 07:38
(Sharecast News) - China left benchmark lending rates unchanged on Wednesday with no repeat of the surprisingly large cuts brought in last month to boost the faltering economy.
Read moreUK inflation rises more than expected amid higher energy bills
20th Nov 2024 07:36
(Sharecast News) - UK inflation jumped past the Bank of England's target in October after energy bills rose, according to data released on Wednesday by the Office for National Statistics.
Read moreLondon pre-open: Stocks to rise as UK CPI jumps past BoE target
20th Nov 2024 07:31
(Sharecast News) - London stocks were set to rise at the open on Wednesday as investors mulled the latest UK inflation reading and looked ahead to earnings from US tech giant Nvidia.
Read moreSevern Trent reports 17% jump in first-half profits
20th Nov 2024 07:31
(Sharecast News) - Severn Trent has reported a double-digit increase in first-half profits and said it expects capital investment to hit the top end of guidance this year, putting it in a strong position for the next five-year regulatory cycle, AMP8.
Read moreGerman producer prices fall 1.1% in October
20th Nov 2024 07:24
(Sharecast News) - German producer prices fell 1.1% in October as energy costs declined, according to official data published on Wednesday.
Read moreWednesday newspaper round-up: Aviva Investors, HSBC, car finance
20th Nov 2024 07:24
(Sharecast News) - One of the UK's biggest pension funds has lost more than £350m on a series of "calamitous" investments in incinerator power plants that are expected to go bust in the coming days. The Guardian understands that Aviva Investors will put three incinerators into administration this week after pouring millions of pounds into what has been described as the country's "dirtiest form of power generation". - Guardian
Read moreSage reports solid full-year growth
20th Nov 2024 07:18
(Sharecast News) - Sage Group has reported solid full-year growth on Wednesday, driven by the execution of its subscription-based recurring revenue model and disciplined cost management.
Read moreChurchill China tumbles after profit warning
20th Nov 2024 07:18
(Sharecast News) - Shares in Churchill China tumbled on Wednesday as it warned that 2024 profit would be "materially below" market expectations and the outlook for 2025 will also be affected, as global hospitality markets remained "subdued".
Read moreSantander puts aside £295m to cover possible motor finance claims
20th Nov 2024 07:17
(Sharecast News) - Profits tumbled at Banco Santander's UK business, the Spanish lender confirmed on Wednesday, after it set aside nearly £300m to cover potential costs relating to an industry-wide probe into car finance.
Read moreCrest Nicholson sees FY at lower end, but upbeat on 2025
20th Nov 2024 07:15
(Sharecast News) - House builder Crest Nicholson said it expected full-year earnings to be at the lower end of the guidance due to a higher proportion of affordable homes being delivered and moved to trade out of low margin sites.
Read moreDunelm buys Ireland's Homefocus for undisclosed sum
20th Nov 2024 07:01
(Sharecast News) - Homewares retailer Dunelm on Wednesday said it had bought Irish soft furnishing chain Homefocus for an undisclosed sum.
Read moreUS close: Dow falls for fourth day, but Nvidia lifts Nasdaq
19th Nov 2024 20:19
(Sharecast News) - US stocks finished mixed again on Tuesday with the Dow falling for the fourth straight day but the Nasdaq rising more than 1%, helped by gains from chip giant Nvidia.
Read moreLondon close: Stocks mixed ahead of UK inflation, Nvidia results
19th Nov 2024 16:47
(Sharecast News) - London's equity markets closed with a mixed performance on Tuesday, as investors remained cautious ahead of the latest UK inflation data and closely watched US corporate earnings from Nvidia.
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