News Archive
Third-quarter iron ore production ticks higher at Rio Tinto
16th Oct 2024 08:15
(Sharecast News) - Anglo-Australian miner Rio Tinto left its annual iron ore forecasts unchanged on Wednesday, after third quarter production edged higher.
Read moreNorman Broadbent delivers 'resilient performance' in Q3
16th Oct 2024 08:00
(Sharecast News) - Professional services firm Norman Broadbent said on Wednesday that it had delivered a "resilient performance" in Q3, with September recording its highest net fee income so far this year.
Read moreMarshalls holds guidance as sales growth contraction eases in Q3
16th Oct 2024 07:56
(Sharecast News) - Shares in Marshalls surged as the landscaping and building materials supplier held annual guidance and indicated that the contraction on sales growth had eased in the third quarter amid a weak economic backdrop.
Read moreLondon open: Stocks rise on rate-cut hopes after inflation slowdown
16th Oct 2024 07:55
(Sharecast News) - UK stocks were putting in solid gains on Wednesday morning after a sharper-than-expected fall in consumer price inflation all but cemented a rate cut at the Bank of England's next meeting.
Read moreAntofagasta reiterates guidance after 15% jump in Q3 production
16th Oct 2024 07:28
(Sharecast News) - Copper mining giant Antofagasta reported a 15% increase in third-quarter production as it maintained expectations for full-year output to hit the lower end of guidance.
Read moreGSK UTI treatment gets FDA priority review status
16th Oct 2024 07:20
(Sharecast News) - GSK announced on Wednesday that the US Food and Drug Administration (FDA) has accepted its new drug application (NDA) for gepotidacin, a first-in-class oral antibiotic, under priority review.
Read moreWednesday newspaper round-up: Water firms, Labour tax raid, Boeing, BMW
16th Oct 2024 07:19
(Sharecast News) - The future ownership of the water industry should be decided by a citizens' assembly to remove decision-making from boardrooms and impose democracy on the sector, a private member's bill is to argue. Labour MP Clive Lewis, who in the past has called for water to be put back into public ownership, will introduce his bill on the future of water ownership and management later today. - Guardian
Read moreUK inflation drops below 2% for first time in three years
16th Oct 2024 07:10
(Sharecast News) - UK inflation dropped sharply in September to its lowest level in two and a half years, according to data from the Office for National Statistics on Wednesday, likely ramping up the pressure on the Bank of England to get more aggressive with monetary easing.
Read moreWhitbread ups dividend, extends buyback despite flat sales
16th Oct 2024 07:06
(Sharecast News) - Shares in Premier Inn owner Whitbread on Wednesday jumped as the hotel and restaurant owner lifted its half-year dividend and said it would buy back an additional £100m in shares, despite a fall in earnings.
Read moreLondon pre-open: FTSE 100 called higher, UK CPI and Trump in focus
16th Oct 2024 06:21
(Sharecast News) - Stock futures were pointing to a slightly higher start for London's top-flight index on Wednesday following the release of a weaker-than-expected reading on UK inflation.
Read moreUS close: Dow retreats from record high as traders digest Q3 earnings
15th Oct 2024 21:31
(Sharecast News) - Wall Street stocks were in the red at the close of trading on Tuesday as Q3 earnings season kicked up a gear.
Read moreBroker tips: Bodycote, NatWest, Lloyds, National Grid
15th Oct 2024 16:29
(Sharecast News) - RBC Capital Markets has upgraded its rating Bodycote following recent weakness in the share price, saying that the stock looks "attractive value" in spite of end-market headwinds.
Read moreEurope close: Oil prices, profit-taking weigh heavily on markets
15th Oct 2024 16:08
(Sharecast News) - European stocks pulled back from a two-week high on Tuesday as plummeting oil prices and profit-taking saw most major indices trade lower.
Read moreWednesday preview: UK CPI, US import prices in the spotlight
15th Oct 2024 15:48
(Sharecast News) - Financial markets' focus in the middle of the week will be on the latest UK inflation data.
Read moreLondon close: Stocks finish lower as oil prices sink
15th Oct 2024 15:39
(Sharecast News) - London markets ended Tuesday in negative territory, driven primarily by a sharp decline in energy stocks following a drop in oil prices.
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