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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.
Mon 23 Dec 2024 08:35
(Sharecast News) - Petrofac said it had entered into a binding agreement with key financial creditors on the terms of a comprehensive restructuring "to significantly strengthen the financial position of the group" and enable it to deliver its strategy.
Mon 23 Dec 2024 08:07
(Sharecast News) - Rocky Mountains-focused oil group Zephyr Energy has signed a rig contract with American drill contracts Nabors at its flagship project in the Paradox Basin, Utah.
Mon 23 Dec 2024 07:22
(Sharecast News) - Frasers Group responded to the outcome of Boohoo's Friday shareholder vote on Monday, after it saw the rejection of the proposed board appointments of Frasers' Mike Ashley and restructuring expert Mike Lennon to the Boohoo board.
Mon 23 Dec 2024 07:17
(Sharecast News) - AstraZeneca's lung cancer treatment Tagrisso has been approved by European Union regulators on the back of "powerful results" from a phase III trial.
Mon 23 Dec 2024 07:06
(Sharecast News) - UK consumer confidence fell sharply in December, according to the British Retail Consortium, which said retailers will now likely find themselves facing a "spending squeeze" in the new year.
Mon 23 Dec 2024 07:04
(Sharecast News) - Aviva said it had struck a deal to buy troubled insurance rival Direct Line for £3.75bn after intensive talks over the weekend and ahead of a Christmas Day deadline to make a firm offer or walk away.
Fri 20 Dec 2024 10:35
(Sharecast News) - Biopesticides and biocontrol products developer Eden Research announced on Friday that it has received regulatory approval in Mexico for 'Novellus+', an enhanced version of its flagship fungicide 'Mevalone'.
Fri 20 Dec 2024 10:00
(Sharecast News) - Petra Diamonds reported the final results for its third tender of the 2025 financial year on Friday, revealing a mixed performance as volumes increased but sales and prices declined.
Fri 20 Dec 2024 09:46
(Sharecast News) - Jefferies has reiterated a 'buy' rating for Diageo on the back of speculation that the drinks giant is considering a sale of its Ciroc brand, saying that any potential sale would be accretive to top-line growth.
Fri 20 Dec 2024 09:01
(Sharecast News) - Canaccord Genuity has hiked its target price for travel company On The Beach by more than a half on the back of higher long-term growth potential.
Fri 20 Dec 2024 08:28
(Sharecast News) - Floorcoverings distributor Headlam Group announced progress in its ongoing transformation plan on Friday, with property sales generating £53.9m in cash proceeds.
Fri 20 Dec 2024 07:22
(Sharecast News) - Science investor IP Group announced on Friday that two of its quoted life sciences portfolio companies have received cash offers, with anticipated proceeds of £13.8m.
Fri 20 Dec 2024 07:16
(Sharecast News) - UK retail sales missed expectations in November, but borrowing figures came in better than expected, according to data released on Friday by the Office for National Statistics.
Fri 20 Dec 2024 07:12
(Sharecast News) - GSK has announced positive results from a phase III trial of its ovarian cancer treatment, which met its primary endpoint of progression free survival.
Fri 20 Dec 2024 07:03
(Sharecast News) - The UK government has cleared the £3.6bn sale of Royal Mail parent company International Distribution Services to Czech billionaire Daniel Kretinsky's EP Group.
Thu 19 Dec 2024 14:53
(Sharecast News) - Investors' focus at the end of the week will continue to be on the inflation picture in the US.
Thu 19 Dec 2024 14:33
(Sharecast News) - Jefferies lifted its price target on Intermediate Capital Group on Thursday to 2,700p from 2,300p.
Thu 19 Dec 2024 13:37
(Sharecast News) - Early stage science investor IP Group has received £119m in initial cash proceeds from the sale of portfolio company Featurespace to Visa, and will beef up its share buyback plan by £25m after the biggest exit in its history.
Thu 19 Dec 2024 12:53
(Sharecast News) - MicroSalt announced the filing of a new patent application with the United States Patent and Trademark Office on Thursday, for a new method to create granulated salt from powdered formulations.
Thu 19 Dec 2024 11:58
(Sharecast News) - Bestway Group, one of the UK's largest privately owned companies, is initiating a company voluntary arrangement (CVA) to address challenges in its Bargain Booze and Wine Rack retail operations, it was reported on Thursday.
Thu 19 Dec 2024 11:32
(Sharecast News) - The share price of Conygar Investment Company continued its recent slide on Thursday despite the property company being granted planning permission for a 383-bed student accommodation development in Nottingham.
Thu 19 Dec 2024 11:16
(Sharecast News) - Historic shipyard owner Harland & Wolff is to be acquired out of administration by Spain's Navantia, it was confirmed on Thursday, saving 1,000 jobs.
Thu 19 Dec 2024 10:57
(Sharecast News) - BT Group has won an appeal against a £1.3bn class action lawsuit alleging the Telecoms operator overcharged millions of customers for fixed telephone lines.
Thu 19 Dec 2024 10:16
(Sharecast News) - Palliser Capital called for an independent review of Rio Tinto's structure on Thursday, the latest salvo in the activist investor's campaign to end the miner's dual-listed status.
Thu 19 Dec 2024 10:16
(Sharecast News) - Sustainability-focused investment trust Triple Point Energy Transition has announced the resignation of its chairman to reduce operating costs amid an orderly wind-down of the company.
Thu 19 Dec 2024 10:02
(Sharecast News) - Norway's central bank kept interest rates on hold on Thursday at a 16-year high of 4.50%, as widely expected.
Thu 19 Dec 2024 08:59
(Sharecast News) - Real estate developer Henry Boot is to assume full control of Stonebridge Homes Group, it confirmed on Thursday.
Thu 19 Dec 2024 08:54
(Sharecast News) - Intelligent Ultrasound said on Thursday that it has agreed to be taken over by Sweden's Surgical Science in a deal that values the group at £45.2m.
Thu 19 Dec 2024 08:41
(Sharecast News) - Packaged goods distributor Chill Brands has reached an out-of-court settlement with two former directors who transferred the domain registration from the company to themselves without board authorisation back in May.
Thu 19 Dec 2024 07:56
(Sharecast News) - AIM-listed Clean Power Hydrogen has conditionally raised £6.1m in a share placing as it works towards completing three key projects.
Thu 19 Dec 2024 07:49
(Sharecast News) - Costain said on Thursday that its 50/50 joint venture with Siemens Mobility had secured a contract to deliver high voltage power supply systems for the HS2 project throughout the 225km route from Birmingham to London.
Thu 19 Dec 2024 07:17
(Sharecast News) - Europe-focused office and commercial property investor CLS Holdings has leased 9,600 square metres of office space for 20 years in Dortmund, Germany.
Thu 19 Dec 2024 07:16
(Sharecast News) - Outsourcing giant Serco forecast full-year revenue of £4.8bn in an update on Thursday, in line with its prior guidance but reflecting an organic revenue decline of 3%.
Thu 19 Dec 2024 07:03
(Sharecast News) - Average water bills are to rise by over a third in the next five years, the UK regulator confirmed on Thursday.
Thu 19 Dec 2024 07:02
(Sharecast News) - John Wood Group on Thursday said it had won a contract by OMV Petrom for a major project to boost production of sustainable fuel in Southeast Europe.
Wed 18 Dec 2024 16:52
(Sharecast News) - The market spotlight on Thursday would be on the latest policy decisions out of the Bank of England and Bank of Japan (or perhaps the opposite).
Wed 18 Dec 2024 16:30
(Sharecast News) - Merck said on Wednesday that it has signed an exclusive global licensee agreement with Chinese biopharmaceutical firm Hansoh Pharma for weight-loss drug HS-10535.
Wed 18 Dec 2024 16:19
(Sharecast News) - OSB Group tumbled on Wednesday as Peel Hunt downgraded the shares to 'hold' from 'add' but lifted the price target to 414p from 395p.
Wed 18 Dec 2024 16:03
(Sharecast News) - Output volumes in the manufacturing sector fell in the quarter to December at the fastest pace since mid-2020, according to the latest Industrial Trends survey from the Confederation of British Industry.
Wed 18 Dec 2024 14:41
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' rating and 480.0p target price on Dalata Hotels on Wednesday, stating the group was "ending the year on a high note".
Wed 18 Dec 2024 12:47
(Sharecast News) - The Scott Trust and Guardian Media Group (GMG) have finally offloaded the Observer newspaper to digital start-up Tortoise Media in a cash and shares deal, foiling a rival bid from Ecotricity founder Dale Vince, it was announced on Wednesday.
Wed 18 Dec 2024 11:57
(Sharecast News) - Zizzi and ASK Italian owner Azzurri Investment Group has pledged to open more restaurants in the coming years despite the ongoing challenges in the UK's hospitality sector, as it reported an 18% jump in annual sales.
Wed 18 Dec 2024 10:25
(Sharecast News) - Zotefoams announced it was halting investment in a new product on Wednesday, after the packaging specialist failed to secure a partner for the project.
Wed 18 Dec 2024 08:53
(Sharecast News) - Lending platform operator Funding Circle named Ken Stannard as chairman designate on Wednesday, with effect from 1 January 2025.
Wed 18 Dec 2024 08:36
(Sharecast News) - Security solutions provider Westminster Group reported a positive outlook and ongoing progress across its operations in an update on Wednesday.
Wed 18 Dec 2024 08:32
(Sharecast News) - Jefferies hiked its price target on BA and Iberia owner IAG on Wednesday to 350p from 270p saying it expects the fourth quarter to deliver similar trends to Q3, driving confidence in the short-term macro and travel environment.
Wed 18 Dec 2024 08:02
(Sharecast News) - Toys and games designer Character Group said on Wednesday that both revenue and profits had grown modestly in the year ended 31 August, in line with market expectations.
Wed 18 Dec 2024 07:58
(Sharecast News) - Heathrow has announced a £2.3bn investment plan to upgrade the UK's biggest airport over the next two years, £244m higher than previously expected.
Wed 18 Dec 2024 07:41
(Sharecast News) - Shoe Zone warned on profits on Wednesday and said it would be forced to close some stores due to changes announced in the Budget, sending shares in the retailer tumbling.
Wed 18 Dec 2024 07:23
(Sharecast News) - Shares in IntegraFin were sliding on Wednesday morning, after the operator of the 'Transact' investment platform reported a robust full-year financial performance, but flagged rising costs and lower fees for some of its services going forward.
Wed 18 Dec 2024 07:19
(Sharecast News) - Mining titan BHP is facing a sexual harassment and discrimination lawsuit in Australia relating to allegations made by female employees over a 10-year period.
Wed 18 Dec 2024 07:06
(Sharecast News) - National Grid on Wednesday submitted plans to invest up to £35bn in Britain's electricity network over a five year period from April 2026.
Wed 18 Dec 2024 07:02
(Sharecast News) - DIY group Kingfisher has announced the sale of its loss-making Brico Dépôt business in Romania to retailer Altex Romania for €70m (£58m) as it looks to focus on key growth markets.
Tue 17 Dec 2024 16:02
(Sharecast News) - The Financial Conduct Authority has launched a consultation on proposals for a new stock market for private companies - the Private Intermittent Securities and Capital Exchange System or PISCES.
Tue 17 Dec 2024 15:37
(Sharecast News) - Kepler Cheuvreux initiated coverage of Marks & Spencer on Tuesday with 'buy' rating and 467p price target.
Tue 17 Dec 2024 14:51
(Sharecast News) - Jefferies cut its target prices on Hays, Pagegroup and SThree on Tuesday, noting the latter's warning had highlighted further downside to earnings for UK staffers.
Tue 17 Dec 2024 13:36
(Sharecast News) - Wednesday will bring with it the week's key risk event, the Federal Reserve's policy announcement.
Tue 17 Dec 2024 12:32
(Sharecast News) - Ondine Biomedical announced on Tuesday that it would begin its phase three 'LANTERN' clinical trial for its novel nasal photodisinfection technology, branded as Steriwave outside the United States.
Tue 17 Dec 2024 11:34
(Sharecast News) - The share price of battery metals recycler Technology Minerals more than trebled in value on Tuesday after its subsidiary signed a black mass offtake agreement with commodities and mining giant Glencore.
Tue 17 Dec 2024 11:05
(Sharecast News) - Barclays lost a key court challenge related to its car loan practices on Tuesday, marking a significant setback for lenders facing a potential multi billion-pound compensation bill over auto-finance claims.
Tue 17 Dec 2024 11:01
(Sharecast News) - Tullow Oil tumbled on Tuesday after Kosmos Energy said it does not plan to make an offer for the oil and gas exploration company.
Tue 17 Dec 2024 10:50
(Sharecast News) - Idox announced a £2.4m strategic contract with North Yorkshire Council on Tuesday, to consolidate its eight planning and building control systems into a single cloud-based platform.
Tue 17 Dec 2024 10:30
(Sharecast News) - Analysts at Berenberg slightly raised their target price on bowling centres operator Hollywood Bowl from 420.0p to 440.0p on Tuesday following the group's "solid" FY24 earnings and "upbeat" FY25 guidance.
Tue 17 Dec 2024 10:24
(Sharecast News) - Struggling shipbuilder Harland & Wolff could be on the verge of a rescue deal by Spanish peer Navantia that will secure more than 1,000 jobs across its four sites in the UK.
Tue 17 Dec 2024 10:14
(Sharecast News) - Exploration and production firm Enquest said on Tuesday that it has been awarded an agreement to develop approximately 155.0bn standard cubic feet of additional Seligi field gas resources, with a 50% equity share.
Tue 17 Dec 2024 10:08
(Sharecast News) - UBS upgraded its stance on LSEG on Tuesday to 'buy' from 'neutral' and lifted the price target 17% to 13,500p.
Tue 17 Dec 2024 10:02
(Sharecast News) - Indivior announced changes to its board of directors on Tuesday, following discussions with Oaktree Capital Management, which advises funds holding a stake in the company.
Tue 17 Dec 2024 09:41
(Sharecast News) - Gulf Marine Services has revealed that 2024 profits are likely to be at the upper end of guidance and pointed to further growth in 2025 on the back of strong demand for its vessels this year.
Tue 17 Dec 2024 09:38
(Sharecast News) - Engineering and manufacturing firm Goodwin said on Tuesday that interim pre-tax profits had surged as a result of the successful execution of contracts in the nuclear and naval sectors.
Tue 17 Dec 2024 09:17
(Sharecast News) - Commercial property business Land Securities has acquired a 92% stake in Liverpool ONE from the Abu Dhabi Investment Authority and Grosvenor for a total consideration of £490.0m.
Tue 17 Dec 2024 09:11
(Sharecast News) - Thames Water, the UK's largest water utility, is seeking High Court approval for a £3bn emergency loan to avert a cash crisis that could see the company run out of funds by March.
Tue 17 Dec 2024 09:03
(Sharecast News) - Shares in Chemring slumped on Tuesday despite the UK defence and aerospace contractor reporting a record order book amid global political tensions and the war in Ukraine.
Tue 17 Dec 2024 08:50
(Sharecast News) - Capita's share price dropped by almost a tenth on Tuesday morning after the outsourcing group scaled back its revenue guidance for the year.
Tue 17 Dec 2024 08:44
(Sharecast News) - Frasers Group said on Tuesday that its chief executive, Michael Murray, has been nominated for a role on the supervisory board of German fashion brand Hugo Boss, in which it owns a 15% stake.
Tue 17 Dec 2024 08:03
(Sharecast News) - Oil and gas firm Capricorn Energy said on Tuesday that Woodside Energy will pay $50.0m for its operating stake in the Sangomar field offshore Senegal.
Tue 17 Dec 2024 08:02
(Sharecast News) - The British government has approved Bharti Global's acquisition of a 24.5% stake in telecoms firm BT Group from France's Altice.
Tue 17 Dec 2024 07:36
(Sharecast News) - Carlsberg's purchase of soft drinks maker Britvic has been given the green light after the UK's competition regulator said it would not refer the $4.23bn deal for an in-depth probe.
Tue 17 Dec 2024 07:23
(Sharecast News) - Specialist international distribution and service provider Bunzl said in an update on Tuesday that it expected full-year revenue for 2024 to rise about 3% at constant exchange rates, driven by acquisitions, although underlying revenue would see a small decline.
Tue 17 Dec 2024 07:05
(Sharecast News) - Shares in Hollywood Bowl fell sharply on Tuesday as the 10-pin venue operator reported record annual revenues but took a £5m impairment on its mini-golf operations which hit profits.
Mon 16 Dec 2024 14:58
(Sharecast News) - The market spotlight on Tuesday will be on the October Employment report due out in the UK.
Mon 16 Dec 2024 13:28
(Sharecast News) - The boss of NatWest Group's high street branch network will reportedly step down early next year as the company prepares for a return to full private sector ownership.
Mon 16 Dec 2024 11:10
(Sharecast News) - Shares of French broadcaster Canal+ tumbled nearly 16% during its London Stock Exchange debut on Monday, marking a rocky start for the largest new listing in the UK this year.
Mon 16 Dec 2024 10:50
(Sharecast News) - Clinical diagnostics specialist Oxford BioDynamics announced on Monday that Dr Jon Burrows had resigned from his positions as chief executive officer and board member, with immediate effect.
Mon 16 Dec 2024 10:39
(Sharecast News) - Last week's dramatic share-price plunge at cards and gifts retailer Moonpig represents a good buying opportunity for investors, according to Canaccord Genuity, which reiterated its positive stance on the stock.
Mon 16 Dec 2024 10:19
(Sharecast News) - Analysts at Berenberg raised their target price on food service business Compass Group from 2,460.0p to 2,900.0p on Monday, stating the company was in possession of "all the ingredients for sustained growth".
Mon 16 Dec 2024 09:52
(Sharecast News) - Strategic, environmental, and engineering consulting firm Ricardo said on Monday that it has agreed the sale of its Defense business to Proteus Enterprises and Gladstone Investment Corporation for $85m (£67.5m).
Mon 16 Dec 2024 09:30
(Sharecast News) - Clinical-stage biotech group Puretech Health has announced promising results from the trial of its lung disease treatment deupirfenidone, which the lead investigator hailed as "extremely exciting".
Mon 16 Dec 2024 08:52
(Sharecast News) - Shares in media group Videndum tanked on Monday after the company warned of a slower-than-expected recovery in end-markets.
Mon 16 Dec 2024 08:49
(Sharecast News) - Biotech firm Graft Polymer said on Monday that it has agreed to buy Awakn Life Sciences Corp, a clinical-stage biotechnology company developing therapeutics for substance use and mental health disorders, for £4.98m.
Mon 16 Dec 2024 08:35
(Sharecast News) - Eurozone business sentiment remained in the doldrums but there were signs of an easing of tougher conditions as the services industry returned to growth, according to preliminary survey data published on Monday.
Mon 16 Dec 2024 07:51
(Sharecast News) - Czech billionaire Daniel Kretinsky's £3.6bn takeover of Royal Mail has reportedly been approved by the government.
Mon 16 Dec 2024 07:47
(Sharecast News) - Saga said on Monday that it has entered into an agreement with Ageas to establish a 20-year partnership for motor and home insurance which includes the acquisition of its underwriting business.
Mon 16 Dec 2024 07:24
(Sharecast News) - Computacenter announced on Monday that Christian Jehle has stepped down as group chief financial officer and as an executive director of the board with immediate effect.
Mon 16 Dec 2024 07:19
(Sharecast News) - New seller asking prices fell again in December as the market slowed down in the run-up to Christmas, but activity remained strong compared to last year, according to data released by Rightmove on Monday.
Mon 16 Dec 2024 07:19
(Sharecast News) - Johnson Matthey's largest shareholder has called for a strategic review into the chemicals firm that could result in the sale of "part or all" of the group.
Mon 16 Dec 2024 07:19
(Sharecast News) - Australia's financial crime regulator has started civil penalty proceedings against Entain Group related to alleged contraventions of an anti-money laundering and counter-terrorism financing act.
Mon 16 Dec 2024 07:04
(Sharecast News) - GSK said the European Union's Committee for Medicinal Products for Human Use has recommended expanding approval of Jemperli in combination with chemotherapy for treatment of adults with primary advanced or recurrent endometrial cancer who are candidates for systemic therapy.
Fri 13 Dec 2024 13:55
(Sharecast News) - Alphabet's Google said it would be appealing against a 2.61 billion lira ($75m) fine by Turkey's competition authority over for taking advantage of its dominant position in the ad server services market, the regulator said on Friday.
Fri 13 Dec 2024 11:55
(Sharecast News) - Rentokil Initial rallied on Friday after activist investor Nelson Peltz's Trian Fund Management bought 7.5m shares in the pest control company for £31m.
Fri 13 Dec 2024 10:54
(Sharecast News) - Exploration and production firm Cadogan Energy said on Friday that it has signed a settlement agreement with Proger Management, Proger Ingegneria, Ma.Lo and TIFS Partecipazioni.
Fri 13 Dec 2024 10:43
(Sharecast News) - RBC Capital Markets recommended that investors "buy the dip" on Friday, as it initiated coverage of bakery chain Greggs with an 'outperform' rating and 3,240p price target.
Fri 13 Dec 2024 09:54
(Sharecast News) - Analysts at Berenberg lowered their target price on Impax Asset Management from 560.0p to 510.0p on Friday after news broke that the group's mandate to manage St James's Place's sustainable and responsible equity fund was expected to end in February 2025.
Fri 13 Dec 2024 09:42
(Sharecast News) - Financial services business WH Ireland said on Friday that pre-tax losses had narrowed in the six months ended 30 September after the "challenging market backdrop" had "another significant impact" on its performance.
Fri 13 Dec 2024 09:24
(Sharecast News) - The UK government has cut its stake in NatWest to just under 10%, taking the bank one step closer to private ownership.
Fri 13 Dec 2024 09:05
(Sharecast News) - Pottery business Portmeirion warned on Friday that both revenue and pre-tax profits for the year ending 31 December were now expected to be below market expectations.
Fri 13 Dec 2024 09:02
(Sharecast News) - Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.
Fri 13 Dec 2024 08:09
(Sharecast News) - US-based Kosmos Energy has confirmed it is in "very preliminary" talks with Tullow Oil about a possible takeover of the oil and gas exploration company.
Fri 13 Dec 2024 08:04
(Sharecast News) - Electronic components manufacturer TT Electronics said it continues to have confidence in its medium-term financial framework after Volex backed out of a takeover pursuit of the electronic components group, following a month of speculation that it may make an offer.
Fri 13 Dec 2024 07:17
(Sharecast News) - UK-based asset manager Schroders is reportedly looking to sell its Indonesian business as it considers exiting some sub-scale markets under new boss Richard Oldfield.
Fri 13 Dec 2024 07:02
(Sharecast News) - Norwegian sportswear retailer XXL said on Friday that it would go ahead with a rights issue as a takeover offer from Mike Ashley's Frasers Group's was unlikely to succeed.
Thu 12 Dec 2024 17:24
(Sharecast News) - Tullow Oil confirmed on Thursday that it is in preliminary talks with Kosmos Energy about a possible all-share offer for the oil and gas exploration company.
Thu 12 Dec 2024 14:16
(Sharecast News) - Investors' focus at the end of the week will be on a reading for UK gross domestic product covering the month of October.
Thu 12 Dec 2024 13:39
(Sharecast News) - Make UK said on Thursday that it has appointed Lord Richard Harrington as its new chair, succeeding Lord Hutton, who has chaired the manufacturers' organisation since 2022.
Thu 12 Dec 2024 12:05
(Sharecast News) - UK energy suppliers have been ordered to offer customers a zero standing charge tariff by next winter after intense criticism of the controversial fees.
Thu 12 Dec 2024 12:01
(Sharecast News) - Rio Tinto said on Thursday that it will invest $2.5bn to expand the Rincon project in Argentina, its first commercial scale lithium operation.
Thu 12 Dec 2024 11:35
(Sharecast News) - Shares in TT Electronics dropped on Thursday after Volex backed out of a takeover pursuit of the electronic components group, after a month of speculation that it may make an offer.
Thu 12 Dec 2024 10:50
(Sharecast News) - NewRiver REIT reported a solid financial position and stable operational performance for the six months ended 30 September on Thursday, following the recent acquisitions of Capital & Regional and Ellandi.
Thu 12 Dec 2024 10:03
(Sharecast News) - Independent proxy voting adviser Glass Lewis has recommended Boohoo shareholders vote against Frasers Group's proposals to strong-arm Mike Ashley on to the board of the fast-fashion retailer.
Thu 12 Dec 2024 09:32
(Sharecast News) - Berenberg has slashed its target price for SThree by a quarter after a profit warning from the STEM-focused recruitment group on Thursday, but said it still sees long-term upside for the stock.
Thu 12 Dec 2024 09:29
(Sharecast News) - Power firm Drax has struck a multi-year deal with Pathway Energy for the supply of biomass pellets to the latter's proposed sustainable aviation fuel project in the US.
Thu 12 Dec 2024 09:22
(Sharecast News) - Heat treatment and specialist thermal processing specialist Bodycote unveiled a strategy to drive growth, operational performance and sustainability on Thursday.
Thu 12 Dec 2024 09:19
(Sharecast News) - Banknote printer De La Rue reported a decline in first-half operating profit on Thursday as revenue fell, with revenue from the currency segment down as a number of deliveries moved into the second half of the year.
Thu 12 Dec 2024 08:47
(Sharecast News) - Shares in SThree plunged on Thursday, after the recruiter posted a slide in net fees and warned that the ongoing challenging market conditions would hit profits.
Thu 12 Dec 2024 08:04
(Sharecast News) - Property developer Henry Boot's Hallam Land subsidiary has unconditionally exchanged contracts for the sale of roughly 600 plots in the Midlands, taking the firm's ungeared internal rate of return of 28% per annum.
Thu 12 Dec 2024 07:44
(Sharecast News) - Diageo fizzed higher on Thursday as UBS upgraded the shares to 'buy' from 'sell and hiked the price target to 2,920p from 2,300p, saying it sees upside risks to the US business.
Thu 12 Dec 2024 07:38
(Sharecast News) - Automaker Stellantis will reportedly extend the production stoppage at its Italian Mirafiori plant until January 20.
Thu 12 Dec 2024 07:14
(Sharecast News) - Electricals retailer Currys said on Thursday that it swung back into the black in the first half, with a solid performance in the UK and Ireland helping to offset weakness in the Nordics.
Thu 12 Dec 2024 07:13
(Sharecast News) - Carr's Group reported a 2.7% improvement in like-for-like revenue in its full-year results on Thursday, to £148m, driven by an 18.8% rise in the engineering division offset by a 6% decline in the agriculture division.
Thu 12 Dec 2024 07:03
(Sharecast News) - Private equity firm TA Associates said it has agreed to sell its entire 12.6% stake in Auction Technology for £85.3m.
Thu 12 Dec 2024 07:03
(Sharecast News) - Magners owner C&C Group said on Thursday that it has appointed the former head of AG Barr chief executive.
Wed 11 Dec 2024 15:22
(Sharecast News) - Exxon Mobil said on Wednesday that it was planning to lift spending on oil production as it outlined the key elements of its 2030 plan.
Wed 11 Dec 2024 13:57
(Sharecast News) - Shares in Macy's fell sharply after the department store chain owner lowered full-year profit forecasts on weak demand ahead of the crucial holiday sales season.
Wed 11 Dec 2024 13:41
(Sharecast News) - Close Brothers shares surged on Wednesday after the Supreme Court agreed that it could appeal a landmark ruling on motor finance commissions.
Wed 11 Dec 2024 13:03
(Sharecast News) - Patterson Companies surged on Wednesday as the dental and animal health distributor agreed to be bought by healthcare investment firm Patient Square Capital in a $4.1bn deal.
Wed 11 Dec 2024 12:52
(Sharecast News) - Grocery sales ticked higher last month, industry research showed on Wednesday, ahead of a likely surge in the weeks leading up to Christmas.
Wed 11 Dec 2024 11:14
(Sharecast News) - Chemist chain Boots could be put up for sale again should a possible takeover of its US parent go ahead, it was reported on Wednesday.
Wed 11 Dec 2024 10:10
(Sharecast News) - The market spotlight on Thursday will be on the European Central Bank as rate-setters meet in Frankfurt to decide on policy.
Wed 11 Dec 2024 10:08
(Sharecast News) - Analysts at RBC reiterated their view that the Infrastructure and Renewables Funds sector appeared to continue to offer "exceptional value".
Wed 11 Dec 2024 09:33
(Sharecast News) - Heathrow has said it is preparing for its busiest December in history after monthly traffic statistics continued to set new records.
Wed 11 Dec 2024 09:33
(Sharecast News) - Heathrow has said it is preparing for its busiest December in history after monthly traffic statistics continued to set new records.
Wed 11 Dec 2024 09:31
(Sharecast News) - HSBC upgraded Reckitt Benckiser on Wednesday to 'buy' from 'hold' and lifted the price target to 5,500p from 4,800p as it took a look at the outlook for consumer staples next year.
Wed 11 Dec 2024 09:30
(Sharecast News) - Analysts at Berenberg lowered their target price on Premier Inn-owner Whitbread from 4,000.0p to 3,900.0p on Wednesday following the recent UK budget.
Wed 11 Dec 2024 09:29
(Sharecast News) - Jefferies has reiterated its 'buy' stance on Aviva after the insurer's £3.6bn takeover pursuit of Direct Line was agreed by the latter's board, but said that the deal brings major execution risks.
Wed 11 Dec 2024 09:28
(Sharecast News) - IT provider Kainos said on Wednesday that it has re-appointed Brendan Mooney to the board as chief executive officer.
Wed 11 Dec 2024 08:45
(Sharecast News) - Corporate health and wellbeing solutions provider Optima Health reported an 11% decline in revenue in its interim results on Wednesday, to £50.8m.
Wed 11 Dec 2024 08:26
(Sharecast News) - Specialist motor and property financier S&U reported a mixed trading performance for the period between 1 August and 10 December on Wednesday, amid challenging conditions in the UK financial services sector.
Wed 11 Dec 2024 08:20
(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday after Deutsche Bank upgraded the shares to 'buy' from 'hold' and hiked the price target to 400p from 215p.
Wed 11 Dec 2024 08:04
(Sharecast News) - Kitchenware brand ProCook said on Wednesday that underlying losses had widened in the six months ended 13 October, partly due to a contraction in gross margins.
Wed 11 Dec 2024 08:02
(Sharecast News) - German online fashion retailer Zalando said on Wednesday that it has agreed to buy About You in a deal that values its rival at around €1.1bn.
Wed 11 Dec 2024 07:53
(Sharecast News) - Travel giant TUI said annual operating profit jumped by more than a third and said it expected more growth next year driven by expanded capacity in its holiday business to meet demand.
Wed 11 Dec 2024 07:28
(Sharecast News) - Volution reported a rise in revenue on Wednesday as it hailed a particularly strong performance in the UK residential market.
Wed 11 Dec 2024 07:24
(Sharecast News) - British American Tobacco reaffirmed its full-year guidance for 2024 on Wednesday, supported by a stronger second half driven by investments in its US commercial operations and innovation in its 'New Categories' portfolio.
Wed 11 Dec 2024 07:23
(Sharecast News) - Kurdistan-focused oil producer Gulf Keystone Petroleum has said it remains committed to returning excess cash to shareholders despite a difficult operating environment, as the company raised its share buyback plan by $10m.
Wed 11 Dec 2024 07:04
(Sharecast News) - Shares in Endeavour Mining spiked on Wednesday as the company said it would conduct a definitive feasibility study (DFS) on its Assafou-Dibibango gold project in Côte d'Ivoire after preliminary assessment confirmed its potential to be a tier one asset.
Tue 10 Dec 2024 14:01
(Sharecast News) - Porvair, the specialist filtration, laboratory and environmental technology businesses, has revealed that full-year profits should be "marginally" ahead of market expectations.
Tue 10 Dec 2024 13:40
(Sharecast News) - Shares in DG Innovate dropped on Tuesday after the mobility and energy storage technology company announced a share placing to raise £500,000.
Tue 10 Dec 2024 13:15
(Sharecast News) - All eyes in the middle of the week will be on the latest consumer price data due out in the States.
Tue 10 Dec 2024 12:49
(Sharecast News) - Shares in TeamViewer plunged on Tuesday as the remote-working software maker said it was buying 1E from Carlyle Group for $720m.
Tue 10 Dec 2024 11:53
(Sharecast News) - Canary Wharf Group has secured a £610m loan with US private capital firm Apollo, the east London landlord confirmed on Tuesday.
Tue 10 Dec 2024 11:20
(Sharecast News) - Systems support software and training solutions specialist Pennant International forecast full-year results in line with market expectations in an update on Tuesday, flagging revenue of around £14m and adjusted EBITDA of £1.2m.
Tue 10 Dec 2024 09:59
(Sharecast News) - Berenberg has lifted its target price for BAE Systems and reiterated a 'buy' rating on aerospace and defence giant, saying growth drivers for the business remain "compelling".
Tue 10 Dec 2024 09:43
(Sharecast News) - Crisis-hit Thames Water reported a spike in sewage spills and higher debts on Tuesday, but insisted it was moving closer to being on a more stable financial footing.
Tue 10 Dec 2024 09:30
(Sharecast News) - Goldman Sachs upgraded its stance on British Land on Tuesday to 'buy' from 'neutral', citing a stronger growth outlook, as it took a look at European real estate stocks.
Tue 10 Dec 2024 09:12
(Sharecast News) - Property development and investment firm Great Portland Estates said on Tuesday that Heineken UK has signed a new office lease for 17,000 square foot at its wells&more asset in West London.
Tue 10 Dec 2024 08:48
(Sharecast News) - Moonpig said on Tuesday that it swung to a pre-tax loss in the first half as it pointed to "challenging" trading in its Experiences segment.
Tue 10 Dec 2024 08:09
(Sharecast News) - Prudential is reportedly considering options for its asset manager Eastspring Investments that include selling a minority stake to help broaden the business.
Tue 10 Dec 2024 08:07
(Sharecast News) - Shares in NCC tanked on Tuesday despite the Manchester-based cybersecurity and software services firm delivering in-line annual results, as investors focused on the outlook statement, which pointed to a lengthening of sales cycles in recent months.
Tue 10 Dec 2024 08:02
(Sharecast News) - Analysts at RBC Capital Markets upgraded Hikma Pharmaceuticals from 'sector perform' to 'outperform' on Tuesday as it took a look at the wider European pharmaceutical and biotechnology sector.
Tue 10 Dec 2024 08:01
(Sharecast News) - Contract research organisation Hvivo has struck a £11.5m Respiratory Syncytial Virus contract with an "existing top-tier global pharmaceutical client".
Tue 10 Dec 2024 07:51
(Sharecast News) - British Gas owner Centrica said it expects full-year profits to match analysts' estimates as it beefed up its share buyback programme by £300m.
Tue 10 Dec 2024 07:31
(Sharecast News) - JPMorgan Cazenove upgraded Unite Group but downgraded LondonMetric on Tuesday as it took a look at the outlook for European property stocks.
Tue 10 Dec 2024 07:25
(Sharecast News) - FirstGroup announced an agreement to acquire London bus operator RATP Dev Transit London the French state-owned from RATP Développement on Tuesday, for an enterprise value of £90m.
Tue 10 Dec 2024 07:21
(Sharecast News) - News wholesaler and distributor Smiths News announced a new long-term distribution contract with Reach, the UK's largest commercial news publisher, on Tuesday.
Tue 10 Dec 2024 07:06
(Sharecast News) - Games Workshop on Tuesday said it had reached a final deal with Amazon to adapt its Warhammer 40,000 universe into films and television series, together with associated merchandising rights after agreeing creative guidelines.
Tue 10 Dec 2024 06:20
(Sharecast News) - The market spotlight on Tuesday will turn to Asia, where the latest Chinese trade numbers are due out and central bankers Down Under are due to decide on policy.
Mon 09 Dec 2024 16:03
(Sharecast News) - Engineering firm Renishaw said on Monday that co-founder and non-executive director Sir David McMurtry has died suddenly.
Mon 09 Dec 2024 13:31
(Sharecast News) - Consumer conglomerate Unilever said it had appointed Reginaldo Ecclissato as president of its new "One Unilever Markets", reporting to chief executive officer Hein Schumacher.
Mon 09 Dec 2024 13:10
(Sharecast News) - Chipmaker Nvidia was under the cosh early on Monday after Chinese regulators announced they had launched an investigation into the firm over possible violations of the country's antimonopoly laws.
Mon 09 Dec 2024 13:03
(Sharecast News) - Deutsche Bank downgraded its stance on equipment rental firm Ashtead on Monday to 'hold' from 'buy' as it said the stock was trading close to its 6,500p price target.
Mon 09 Dec 2024 12:15
(Sharecast News) - Morgan Stanley upgraded Weir Group and Spirax on Monday as it took a look at the European capital goods sector.
Mon 09 Dec 2024 11:43
(Sharecast News) - Troubled Vape maker Chill Brands has said a planned government ban on single-use vapes had already started to hit UK sales, and said court case over claims of fraud and theft by former executives was due to start next week.
Mon 09 Dec 2024 11:11
(Sharecast News) - Shares in BP shot up on Monday after the energy giant said it had partnered with Japan's largest power generation company to combine their offshore wind operations.
Mon 09 Dec 2024 10:37
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on oil and gas business Touchstone Exploration from 60.0p to 90.0p on Monday but said there was "still plenty of upside" to the stock despite recent changes in production guidance.
Mon 09 Dec 2024 10:03
(Sharecast News) - Analysts at Berenberg slashed their target price on business-critical services and software firm Marlowe from 710.0p to 400.0p on Monday following the group's interim results on 5 December.
Mon 09 Dec 2024 08:41
(Sharecast News) - RBC Capital Markets has cut its target price for Berkeley Group and reiterated an 'underperform' rating, saying that while the long-term picture looks intact, it has cut its forecasts for shareholder returns.
Mon 09 Dec 2024 08:00
(Sharecast News) - Shore Capital upgraded AJ Bell on Monday to 'buy' from 'hold' following share price weakness.
Mon 09 Dec 2024 07:38
(Sharecast News) - Boohoo said on Monday that international shareholder advisory group ISS has recommended that its shareholders vote against resolutions seeking board representation from Mike Ashley' Frasers Group.
Mon 09 Dec 2024 07:33
(Sharecast News) - Domino's Pizza Group, the UK master franchise of the American takeaway giant, on Monday announced a new "profitability and growth framework" with its franchise partners, that will see it invest an additional £3-4m per annum from next year.
Mon 09 Dec 2024 07:23
(Sharecast News) - Oil and gas exploration firm Ascent Resources has tapped Gilles Thieffry to take over as non-executive chairman of the company.
Mon 09 Dec 2024 07:21
(Sharecast News) - Investment manager Foresight Group announced an extension of its share buyback programme on Monday, increasing the maximum amount by £5m to £15m.
Mon 09 Dec 2024 07:17
(Sharecast News) - Early-stage science investor IP Group plans to increase its share buyback plan after raising £15m from the sale of minority holdings in several portfolio companies.
Mon 09 Dec 2024 07:06
(Sharecast News) - GSK said the US Food and Drug Administration has agreed to look at data from its MATINEE study to support the regulatory review process to obtain a new use of its Nucala drug as an add-on maintenance treatment for patients with chronic obstructive pulmonary disease (COPD).
Fri 06 Dec 2024 14:48
(Sharecast News) - EToro is reportedly working with Goldman Sachs on a potential initial public offering in the US.
Fri 06 Dec 2024 13:24
(Sharecast News) - Puig shares slumped on Friday after the Spanish fashion and beauty company said a batch of Charlotte Tilbury make-up spray was being withdrawn from the market due to a quality issue.
Fri 06 Dec 2024 13:22
(Sharecast News) - FirstGroup announced a £500m lease agreement with Angel Trains and Hitachi Rail for 14 new five-car class 80X high-speed trains on Friday, to support its open-access rail operations.
Fri 06 Dec 2024 11:00
(Sharecast News) - The Guardian owner, the Scott Trust, has announced that the sale of The Observer to Tortoise Media has been agreed in principle, in a deal that will see the media investment firm take a stake in Tortoise.
Fri 06 Dec 2024 10:12
(Sharecast News) - National World said on Friday that it was "minded to recommend" a final and improved takeover offer from Media Concierge Limited at 23p per share in cash.
Fri 06 Dec 2024 10:10
(Sharecast News) - Jefferies has downgraded both United Utilities and Severn Trent from 'buy' to 'hold' ahead of this month's Ofwat final regulatory proposals, saying that the risk-reward looks more balanced at current valuations.
Fri 06 Dec 2024 09:39
(Sharecast News) - Clothing business Quiz warned on Friday that it may require additional funding as decreased footfall weighed on sales in the three months ended 30 November.
Fri 06 Dec 2024 09:05
(Sharecast News) - AIM-listed food producer Camellia has launched a £9m share buyback plan to return capital to shareholders following the completion of the $100m sale of its stake in Bermuda and Caribbean-focused insurer BF&M.
Fri 06 Dec 2024 08:00
(Sharecast News) - Floorings business James Halstead said on Friday that trading in the current financial year was on track to meet internal expectations of "continued progress".
Fri 06 Dec 2024 07:51
(Sharecast News) - Mike Ashley's Frasers Group said on Friday that it was launching a voluntary offer for all the shares in Norwegian sporting goods retailer XXL that it does not already own at 10 Norwegian kroner per share.
Fri 06 Dec 2024 07:23
(Sharecast News) - Berkeley Group reported a pre-tax profit of £275.1m for the six months ended 31 October on Friday, a 7.7% decline compared to the prior year.
Fri 06 Dec 2024 07:05
(Sharecast News) - Shares in Direct Line spiked on Friday after the UK insurer said it was ready to accept an increased offer from rival Aviva of 275p a share, valuing the company at £3.6bn.
Thu 05 Dec 2024 17:20
(Sharecast News) - Marks and Spencer received approval from the Secretary of State for Housing, Communities, and Local Government to redevelop its Marble Arch store on Oxford Street, it announced on Thursday.
Thu 05 Dec 2024 14:03
(Sharecast News) - Thames Water's largest creditor group has been unable to prevent the company from using an emergency loan to pay expected fines from Ofwat over the coming year, according to Sky News.
Thu 05 Dec 2024 12:31
(Sharecast News) - Security and surveillance systems specialist Synectics announced on Thursday that it has been awarded contracts totalling $2.7m to deploy its flagship Synergy software platform in gaming resorts in the Philippines and the United States.
Thu 05 Dec 2024 12:03
(Sharecast News) - As occurs at the start of each month, all eyes will turn towards the US on Friday and the release of the latest monthly non-farm payrolls figures.
Thu 05 Dec 2024 11:19
(Sharecast News) - Jefferies upgraded Diageo to 'buy' from 'hold' on Thursday and lifted the price target to 2,800p from 2,300p.
Thu 05 Dec 2024 11:02
(Sharecast News) - Analysts at Berenberg hiked their target price on safety equipment business Halma from 2,450.0p to 2,700.0p on Thursday as it acknowledged the group's sustainable growth model was in action.
Thu 05 Dec 2024 10:36
(Sharecast News) - Marlowe reported an uptick in half-year revenues on Thursday, in its first results since spinning off its occupational health division.
Thu 05 Dec 2024 10:34
(Sharecast News) - JPMorgan Cazenove upgraded Bellway and Crest Nicholson on Thursday but downgraded Taylor Wimpey as it took a look at UK housebuilders.
Thu 05 Dec 2024 10:23
(Sharecast News) - Sabre Insurance Group reaffirmed its 2024 guidance in an update on Thursday, as it expected to achieve its highest-ever gross written premium.
Thu 05 Dec 2024 10:17
(Sharecast News) - Baltic Classifieds Group reported a 17% improvement in first-half revenue on Thursday, to €41.8m, with core B2C and C2C classifieds streams, which account for 90% of revenue, also growing 17%.
Thu 05 Dec 2024 09:57
(Sharecast News) - Watches of Switzerland reported a jump in first-half revenue on Thursday amid solid US demand, but a drop in profit.
Thu 05 Dec 2024 09:54
(Sharecast News) - Shares in British cosmetics challenger brand Brand Architekts nearly doubled in price on Thursday after larger rival Warpaint announced a £13.9m takeover.
Thu 05 Dec 2024 09:49
(Sharecast News) - Semiconductor business Alphawave IP revealed on Thursday that chairman John Holt was set to retire from the group for undisclosed "personal reasons".
Thu 05 Dec 2024 09:37
(Sharecast News) - Drugmaker GSK has revised and extended its strategic vaccine collaboration with Chinese firm Chongqing Zhifei Biological Products.
Thu 05 Dec 2024 09:15
(Sharecast News) - Publishing company Future said on Thursday that profits had dropped in the 12 months ended 30 September but stated that it was "well positioned" after H2 momentum had driven a return to organic growth.
Thu 05 Dec 2024 08:48
(Sharecast News) - AstraZeneca drug Imfinzi has been approved for use in the US for patients with limited stage small cell lung cancer, the biopharmaceutical specialist confirmed on Thursday.
Thu 05 Dec 2024 08:35
(Sharecast News) - Bus and train firm FirstGroup has completed the acquisition of Grand Union, which holds track access rights for a new open access rail service between Carmarthen in Wales and London Paddington.
Thu 05 Dec 2024 08:23
(Sharecast News) - French polling company Ipsos has pulled out of making a binding offer for Kantar Media, just days after starting talks on a possible deal.
Thu 05 Dec 2024 08:12
(Sharecast News) - Tullow Oil said on Thursday that Rahul Dhir will step down as chief executive officer and resign from the board next year "to pursue other business, academic and family interests".
Thu 05 Dec 2024 08:09
(Sharecast News) - Infrastructure specialist Balfour Beatty reported a robust performance in a trading update on Thursday, with earnings growth expected and plans for further share buybacks in 2025.
Thu 05 Dec 2024 08:03
(Sharecast News) - Greeting card and gift retailer Card Factory said on Thursday that it had entered the US market after acquiring Garven for $25m (£19.6m).
Thu 05 Dec 2024 07:58
(Sharecast News) - Energy giants Equinor and Shell on Thursday said they were combining their British offshore oil and gas assets to create what they said would be the UK North Sea's biggest independent oil and gas producer.
Thu 05 Dec 2024 07:53
(Sharecast News) - Admiral shot higher on Thursday as Deutsche Bank upgraded the stock to 'buy' from 'hold' and lifted the price target to 3,020p from 3,000p saying it was becoming more positive on the wider UK motor insurance space, particularly for those that are larger players such as Admiral, and those that are more disciplined.
Thu 05 Dec 2024 07:26
(Sharecast News) - Vistry Group has agreed to build nearly 950 new homes near London's Olympic Park, the blue chip announced on Thursday.
Thu 05 Dec 2024 07:25
(Sharecast News) - Wood Group said on Thursday that it has secured three "major" agreements with BP to provide engineering and project delivery services for their capital projects worldwide.
Thu 05 Dec 2024 07:22
(Sharecast News) - Investment platform AJ Bell reported record full-year financial results on Thursday, with revenue rising 23% year-on-year to £269.4m, while profit before tax increased 29% to £113.3m.
Thu 05 Dec 2024 07:20
(Sharecast News) - The Competition and Markets Authority has cleared the proposed merger between Vodafone and Three on the proviso that the companies promise to invest billions to roll out a combined 5G network across the UK.
Thu 05 Dec 2024 07:18
(Sharecast News) - Shares in Frasers Group nosedived as the UK sportswear and fashion retailer lowered full-year profit forecasts, citing weaker consumer confidence leading up to and after the government's recent Budget and a tougher trading environment.
Thu 05 Dec 2024 07:02
(Sharecast News) - DS Smith posted a slide in half-year earnings on Thursday, hit by "challenging" market conditions, including weaker prices and higher costs.
Wed 04 Dec 2024 19:52
(Sharecast News) - Investors' focus on Thursday will be on the US labour market.
Wed 04 Dec 2024 19:52
(Sharecast News) - Investors' focus on Thursday will be on the US labour market.
Wed 04 Dec 2024 15:07
(Sharecast News) - UnitedHealthcare chief executive Brian Thompson has been shot dead outside the Hilton Hotel in midtown Manhattan in an apparent targeted attack, New York police said on Wednesday.
Wed 04 Dec 2024 14:00
(Sharecast News) - AstraZeneca said it had appointed AstraZeneca today announced the appointment of Iskra Reic as Executive Vice President (EVP), International with responsibility for overall strategy and driving sustainable growth across this broad region. This encompasses China, Asian and Eurasian markets, Middle East & Africa, Latin America, Australia & New Zealand. as executive vice-president of its international division with responsibility for overall strategy and driving sustainable growth across China, Asian and Eurasian markets, Middle East & Africa, Latin America, Australia & New Zealand.
Wed 04 Dec 2024 13:44
(Sharecast News) - Private sector employment in the US rose less than expected in November, according to figures released on Wednesday by ADP.
Wed 04 Dec 2024 12:00
(Sharecast News) - Eli Lilly said on Wednesday that a clinical trial had shown that patients taking its weight-loss drug Zepbound (tirzepatide) lost 47% more weight than those taking Novo Nordisk's Wegovy (semaglutide).
Wed 04 Dec 2024 09:49
(Sharecast News) - BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove said it was the "most compelling" overweight in the airline sector and added the stock to its Analyst Focus List and put it on "positive catalyst watch".
Wed 04 Dec 2024 09:29
(Sharecast News) - Vodafone said on Wednesday that it was selling its remaining 3% stake in India's Indus Towers.
Wed 04 Dec 2024 09:29
(Sharecast News) - Vodafone said on Wednesday that it was selling its remaining 3% stake in India's Indus Towers.
Wed 04 Dec 2024 09:26
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on development and exploration firm Greatland Gold from 15.0p to 17.0p on Wednesday and reiterated their 'speculative buy' rating on the stock after the group completed its acquisition of the 70% of the Havieron project that it did not already own, in addition to the Telfer mine from Newmont.
Wed 04 Dec 2024 08:07
(Sharecast News) - Construction and engineering group Costain has been awarded a new contract as a sole supplier to deliver tunnel and lineside mechanical and electrical systems for HS2.
Wed 04 Dec 2024 07:49
(Sharecast News) - Shares in instant-service vending equipment firm ME Group dipped on Wednesday despite the company pointing to record financial results for the full year, including double-digit growth in profits.
Wed 04 Dec 2024 07:46
(Sharecast News) - Ingredients and flavour manufacturer Treatt reported a rise in full-year profit and revenue on Wednesday, as it hailed a particularly strong revenue performance in the second half.
Wed 04 Dec 2024 07:46
(Sharecast News) - Ingredients and flavour manufacturer Treatt reported a rise in full-year profit and revenue on Wednesday, as it hailed a particularly strong revenue performance in the second half.
Wed 04 Dec 2024 07:40
(Sharecast News) - Zigup reported a mixed half-year on Wednesday, with underlying revenues growing 5.6% to £775m on the back of robust performances in vehicle hire and claims services, although reported revenue slipped 0.8% to £903.6m due to weaker vehicle sales.
Wed 04 Dec 2024 07:39
(Sharecast News) - Power generation company Drax said chief financial officer Andy Skelton was retiring his position and as an executive director.
Wed 04 Dec 2024 07:34
(Sharecast News) - Energy suppliers Centrica and EDF have announced the extension of the lives of four operational nuclear power stations, which they say will help maintain grid stability in the UK.
Wed 04 Dec 2024 07:21
(Sharecast News) - Light Science Technologies reported record full-year revenue in an update on Wednesday, with group sales rising around 29% over the 12 months ended 30 November, to £12m.
Wed 04 Dec 2024 07:17
(Sharecast News) - Financial services and investment group Legal & General has maintained profit guidance for the full year and hinted at more returns for shareholders than previously announced.
Wed 04 Dec 2024 07:05
(Sharecast News) - Rio Tinto on Wednesday forecast higher consolidated mined copper production for the 2025 financial year driven by higher output from its Oyu Tolgoi operation in Mongolia and also faced calls from hedge fund Palliser to scrap its dual listing structure.
Tue 03 Dec 2024 15:57
(Sharecast News) - All eyes in the middle of the week will be on no-confidence votes against the French government.
Tue 03 Dec 2024 11:20
(Sharecast News) - NatWest Group is on track to return to full private ownership next year, its chief executive said on Tuesday.
Tue 03 Dec 2024 11:18
(Sharecast News) - On The Beach surged on Tuesday after the package holiday firm reinstated its dividend and announced a £25m share buyback as it posted a rise in full-year profit and revenue.
Tue 03 Dec 2024 10:27
(Sharecast News) - Hospitality, vending and remote asset management data specialist Vianet Group reported a strong half-year financial and operational performance on Tuesday, as it returned to profitability, reinstated its interim dividend, and reaffirmed its confidence in achieving full-year growth targets.
Tue 03 Dec 2024 10:02
(Sharecast News) - Discoverie Group said it was on track to meet full-year earnings on Tuesday following a "resilient" first half, sending the shares higher.
Tue 03 Dec 2024 09:49
(Sharecast News) - Shares in Genel Energy were sliding on Tuesday morning, after the London Court of International Arbitration ruled in favor of the Kurdistan Regional Government (KRG) late on Monday over the termination of the Bina Bawi and Miran production sharing contracts.
Tue 03 Dec 2024 09:49
(Sharecast News) - Analysts at Berenberg raised their target price on Direct Line Insurance from 215.0p to 270.0p on Tuesday following Aviva's non-binding 250.0p per share offer for the group.
Tue 03 Dec 2024 09:41
(Sharecast News) - Gulf Marine Services, a provider of self-propelled, self-elevating support vessels for the offshore energy industry, announced the award of a new contract for one of its small-class vessels in the Gulf Cooperation Council (GCC) region on Tuesday.
Tue 03 Dec 2024 09:33
(Sharecast News) - Pub group Marston's reported a rise in full-year profit and revenue on Tuesday as it struck an upbeat note about the outlook.
Tue 03 Dec 2024 09:30
(Sharecast News) - Close-ended real estate investment trust PRS has announced that it is in "active discussions" with potential bidders after the recent revelation that it was considering a sale.
Tue 03 Dec 2024 09:16
(Sharecast News) - Construction group Galliford Try announced on Tuesday that it has been awarded two commercial contracts in London with a combined value of £87m.
Tue 03 Dec 2024 09:14
(Sharecast News) - The Financial Conduct Authority has signalled it would be potentially willing to green light Chinese retailer Shein's London £50bn debut, it was reported on Tuesday.
Tue 03 Dec 2024 09:12
(Sharecast News) - HgCapital Trust announced the sale of bookkeeping automation solutions provider Dext Software to accountancy, education management, HR, and payroll specialist Iris Software Group on Tuesday.
Tue 03 Dec 2024 08:15
(Sharecast News) - Shares in Victrex Group rallied in early trading on Tuesday, despite a slide in annual profits, after the polymer specialist said 2025 had got off to a "solid" start.
Tue 03 Dec 2024 08:04
(Sharecast News) - Budget carrier Wizz Air reported a 1.7% year-on-year jump in passenger numbers for November and a modest uptick in load factor on Tuesday.
Tue 03 Dec 2024 08:03
(Sharecast News) - Budget airline Ryanair reported an 11% jump in passenger numbers for November on Tuesday.
Tue 03 Dec 2024 07:54
(Sharecast News) - Upper Crust and Ritazza owner SSP reported a jump in full-year profit and revenue as good performances in North America and the UK helped to offset a disappointing performance in Continental Europe.
Tue 03 Dec 2024 07:27
(Sharecast News) - RBC Capital Markets upgraded equipment rental firm Ashtead on Tuesday to 'outperform' from 'sector perform' and hiked the price target to 7,450p from 5,200p.
Tue 03 Dec 2024 07:26
(Sharecast News) - Smart sensors and software business Oxford Metrics said on Tuesday that both revenues and profits had dropped in the year ended 30 September, principally due to delayed purchase decisions and a slowdown in the global games industry.
Tue 03 Dec 2024 07:24
(Sharecast News) - Derwent London announced the acquisition of the remaining 50% stake in its 50 Baker Street W1 project from joint venture partner Lazari Investments on Tuesday, for £44.4m, equating to £370 per square foot of the consented floor area.
Mon 02 Dec 2024 14:48
(Sharecast News) - Intel said on Monday that chief executive Pat Gelsinger has retired after four years in the job.
Mon 02 Dec 2024 14:47
(Sharecast News) - The Institute for Supply Management's manufacturing purchasing managers index increased to 48.4 in November, up from 46.5 in October and ahead of forecasts of 47.5.
Mon 02 Dec 2024 12:53
(Sharecast News) - British wealth manager St James's Place is reportedly planning to make around 500 layoffs in the coming months.
Mon 02 Dec 2024 12:12
(Sharecast News) - Deutsche Bank upgraded Burberry, Associated British Foods and Gucci owner Kering on Monday as it took a look at consumer discretionary and luxury goods.
Mon 02 Dec 2024 11:36
(Sharecast News) - Analysts at Berenberg lowered their target price on drugmaker GSK from £18.20 to £16.00 on Monday after hosting chief financial officer Julie Brown at its 2024 Pharma CFO series.
Mon 02 Dec 2024 11:18
(Sharecast News) - Canaccord Genuity has initiated coverage of personal pension scheme provider PensionBee with a 'buy' rating, viewing the investment as "the ultimate high-growth pension stock".
Mon 02 Dec 2024 10:38
(Sharecast News) - Embattled utility provider Thames Water has tapped AlixPartners' Julian Gething to oversee its debt restructuring as it looks to evade temporary nationalisation.
Mon 02 Dec 2024 10:06
(Sharecast News) - RBC Capital Markets upgraded Barratt Redrow and Crest Nicholson on Monday but downgraded Persimmon and Vistry as it took a look at UK housebuilders.
Mon 02 Dec 2024 09:56
(Sharecast News) - Technology firm BATM Advanced Communications has received an order from an unnamed Tier 1 communications service provider for its Edgility platform.
Mon 02 Dec 2024 09:33
(Sharecast News) - Topps Tiles hit back on Monday after its largest shareholder MS Galleon criticised the tile specialist for a series of "costly blunders" and called on the board to overhaul its senior management and strategy.
Mon 02 Dec 2024 09:00
(Sharecast News) - Shares in auto giant Stellantis slumped on Monday after the shock resignation of Carlos Tavares as the chief executive over the weekend.
Mon 02 Dec 2024 08:14
(Sharecast News) - Citi reiterated its 'buy' recommendation on BAE Systems on Monday after the shares slumped on Friday on the back of a downgrade by Bank of America Merrill Lynch.
Mon 02 Dec 2024 08:00
(Sharecast News) - Early-years brand Mothercare swung into the red in the first half after a sharp decline in revenues, but hopes that its new £30m joint venture in South Asia and recent refinancing will support growth going forward.
Mon 02 Dec 2024 07:50
(Sharecast News) - AIM-listed Supreme confirmed on Monday that it has bought Typhoo Tea out of administration for £10.2m in cash.
Mon 02 Dec 2024 07:44
(Sharecast News) - Condor Gold said on Monday that it has received a non-binding takeover offer from AIM-listed group Metals Exploration.
Mon 02 Dec 2024 07:25
(Sharecast News) - Infrastructure investor International Public Partnerships (INPP) reaffirmed its 2024 dividend target of 8.37p per share in a portfolio update on Monday, making for a 3% increase from 2023 and maintaining its record of annual dividend growth since its 2006 initial public offering.
Mon 02 Dec 2024 07:24
(Sharecast News) - UK house prices rose in November at their fastest rate in two years, despite affordability pressures on buyers, according to data published by mortgage lender Nationwide on Monday.
Fri 29 Nov 2024 14:04
(Sharecast News) - TSB said on Friday that it has appointed Marc Armengol as its new chief executive officer.
Fri 29 Nov 2024 10:46
(Sharecast News) - Aptamer Group, the developer of 'Optimer' binders for the life sciences industry, flagged solid operational progress in an update on Friday, reporting that since its £2.6m fundraising in July, it had achieved cost-reduction targets, streamlined scientific production, and executed a new commercial growth strategy.
Fri 29 Nov 2024 10:14
(Sharecast News) - Drug discovery company Argent BioPharma announced its intention to delist its ordinary shares from the London Stock Exchange on Friday.
Fri 29 Nov 2024 10:08
(Sharecast News) - Analysts at Berenberg lowered their target price on diversified chemicals Johnson Matthey from 1,650.0p to 1,500.0p on Friday following the group's H125 results.
Fri 29 Nov 2024 09:37
(Sharecast News) - JP Morgan has adopted a positive position on European hotel and gaming stocks, including upgrading France's Accor and reiterating its 'overweight' rating on Marston's.
Fri 29 Nov 2024 09:36
(Sharecast News) - Berenberg has said it has a positive stance UK consumer stocks heading into 2025 due to depressed valuations and improving macro trends, naming JD Sports, Curry's and Dunelm among the best picks in the sector.
Fri 29 Nov 2024 08:49
(Sharecast News) - Spire Healthcare shares had pared earlier strong gains by Friday afternoon after India's Narayana Health said it does not intend to make an offer for the company.
Fri 29 Nov 2024 07:24
(Sharecast News) - AIM-listed investment banking group Peel Hunt swung to a first-half profit on the back of a big jump in revenues as the business capitalised on improving market conditions, though the outlook remains uncertain.
Fri 29 Nov 2024 07:23
(Sharecast News) - McBride has successfully refinanced its banking facilities, it announced on Friday, securing a €200m revolving credit facility (RCF) with a four-year maturity and the option to extend by up to two years.
Fri 29 Nov 2024 07:02
(Sharecast News) - UK engineer TI Fluid Systems has agreed to be taken over in a deal worth more than £1bn, it was announced on Friday.
Thu 28 Nov 2024 16:13
(Sharecast News) - The market spotlight at the end of the week will be on the latest consumer credit and mortgage lending figures.
Thu 28 Nov 2024 15:56
(Sharecast News) - Typhoo Tea, one of Britain's oldest and most iconic tea brands, crashed into administration on Thursday after years of financial struggles.
Thu 28 Nov 2024 14:40
(Sharecast News) - JD Sports Fashion's share price took a dive last week after a gloomy third-quarter update, but analysts at Shore Capital reckon it's a good opportunity for investors to "get a foot in the door".
Thu 28 Nov 2024 12:12
(Sharecast News) - Typhoo Tea, one of Britain's oldest and most iconic tea brands, crashed into administration on Thursday after years of financial struggles.
Thu 28 Nov 2024 11:53
(Sharecast News) - RBC Capital Markets has upped its target price for easyJet on the back of the budget airline's positive outlook statement in this week's annual results, saying the company is positioned for profit growth in the coming year.
Thu 28 Nov 2024 11:12
(Sharecast News) - Marks & Spencer and Kingfisher have reportedly both expressed interest in taking over the sites of several Homebase stores after the DIY retailer fell into administration earlier in November.
Thu 28 Nov 2024 10:18
(Sharecast News) - Renewi shares rocketed on Thursday after the waste management company said it was minded to recommend a £700m takeover proposal from Australian investment firm Macquarie Asset Management, should a firm offer be made.
Thu 28 Nov 2024 09:50
(Sharecast News) - A higher takeover proposal from Aviva might be forthcoming, Jefferies said in a note on Thursday, as it commented on the insurer's £3.3bn takeover proposal for Direct Line.
Thu 28 Nov 2024 09:46
(Sharecast News) - Analysts at Berenberg slightly raised their target price on engineering giant Weir Group from 2,450.0p to 2,500.0p on Thursday as it said long-term value was continuing to emerge.
Thu 28 Nov 2024 09:24
(Sharecast News) - Cardiff Property, the London-listed developer focused on the Thames Valley, reported a 10% increase in annual profits and declared a higher dividend on Thursday, but delivered a cautious outlook regarding how policy changes could affect the property market.
Thu 28 Nov 2024 08:35
(Sharecast News) - AEW UK REIT reported a robust half-year financial and operational performance on Thursday, driven by gains in property valuations and steady rental income from its diversified portfolio of 32 commercial properties across the UK.
Thu 28 Nov 2024 08:29
(Sharecast News) - Foresight Group reported a solid set of first-half results on Thursday, underpinned by growth in assets under management and a strong fundraising performance.
Thu 28 Nov 2024 08:21
(Sharecast News) - Construction group Galliford Try reaffirmed its positive outlook and trading momentum on Thursday, ahead of its annual general meeting.
Thu 28 Nov 2024 08:15
(Sharecast News) - Energy company Tullow Oil lowered full-year free cash flow guidance on Thursday on the back of payment delays.
Thu 28 Nov 2024 08:02
(Sharecast News) - Shareholders of THG welcomed the ecommerce group's plans for its demerger on Thursday, with the company outlining proposals to separate its Ingenuity tech arm from its beauty and nutrition businesses.
Thu 28 Nov 2024 07:59
(Sharecast News) - Protective packaging specialist Macfarlane Group said in an update on Thursday that its performance for 2024 was set to align with full-year expectations, despite market headwinds impacting revenue and pricing.
Thu 28 Nov 2024 07:57
(Sharecast News) - The sale of Royal Mail to Czech billionaire Daniel Kretinsky's EP Group is reportedly close to being finalised and could be confirmed in the next two weeks.
Thu 28 Nov 2024 07:26
(Sharecast News) - RBC Capital Markets downgraded food producer Cranswick to 'sector perform' from 'outperform' on Thursday but lifted the price target to 4,900p from 4,700p as it said it was a "great" business but "fairly valued".
Thu 28 Nov 2024 07:24
(Sharecast News) - Shares in grocery Ocado Group fell on Thursday after the logistics tech firm announced that Morrisons will cease using its customer fulfilment centre (CFC) in Erith for deliveries.
Thu 28 Nov 2024 07:03
(Sharecast News) - Energean called third-quarter trading "strong" on Thursday, with improved earnings and a jump in production, despite conflict in the Middle East.
Thu 28 Nov 2024 07:01
(Sharecast News) - Shares in Dr Martens surged on Thursday on signs of "encouraging" trading since the start of the autumn/winter season despite the troubled footwear maker swinging to a loss for the half year as its woes in the US continued.
Wed 27 Nov 2024 20:07
(Sharecast News) - Direct Line surged on Thursday after it rejected a £3.3bn takeover proposal from Aviva.
Wed 27 Nov 2024 15:05
(Sharecast News) - US pending home sales increased 5.4% year-on-year in October, according to the National Association Realtors, the biggest monthly gain since May 2021, following a 2.6% increase in September.
Wed 27 Nov 2024 14:42
(Sharecast News) - Investor focus on Thursday will be on German and Spanish consumer price data for November.
Wed 27 Nov 2024 13:36
(Sharecast News) - The Financial Conduct Authority said on Wednesday that it has fined András Sebők, former chief supply chain officer at Wizz Air, for trading company shares when he wasn't allowed and failing to disclose his trades.
Wed 27 Nov 2024 11:43
(Sharecast News) - Anglo American's first step of its simplification plan was welcomed by investors this week with shares rising after the sale of its metallurgical coal business; but Berenberg wasn't convinced, with the broker raising concerns about its restructuring strategy.
Wed 27 Nov 2024 10:24
(Sharecast News) - Airline group Air France-KLM was said to be in talks to acquire a 20% stake in Spanish airline Air Europa, according to El Economista.
Wed 27 Nov 2024 09:47
(Sharecast News) - Jefferies downgraded Boohoo on Wednesday to 'hold' from 'buy' and slashed the price target to 30p from 70p as it said "challenges persist".
Wed 27 Nov 2024 09:41
(Sharecast News) - Online marketplace operator Auction Technology Group posted strong full-year numbers on Wednesday, leading it to provide some solid guidance.
Wed 27 Nov 2024 09:34
(Sharecast News) - Nationwide has recorded a bigger-than-expected £2.3bn gain following its takeover of Virgin Money, the building society confirmed on Wednesday.
Wed 27 Nov 2024 09:22
(Sharecast News) - Standard Chartered said on Wednesday that it is exploring the potential sale of its wealth & retail banking (WRB) businesses in Botswana, Uganda and Zambia.
Wed 27 Nov 2024 07:51
(Sharecast News) - Pets at Home cut its full-year profit outlook on Wednesday as it highlighted a "subdued" market.
Wed 27 Nov 2024 07:51
(Sharecast News) - Pets at Home cut its full-year profit outlook on Wednesday as it highlighted a "subdued" market.
Wed 27 Nov 2024 07:40
(Sharecast News) - Johnson Matthey posted a drop in sales and profits on Wednesday, weighed down by the "challenging" macroeconomic backdrop.
Wed 27 Nov 2024 07:38
(Sharecast News) - Luxury carmaker Aston Martin has announced it has raised £210m through share and private debt placings to support its growth and investment strategy and shore up its balance sheet, one day after announcing its second profit warning within two months.
Wed 27 Nov 2024 07:37
(Sharecast News) - UK pub and restaurants group Mitchells & Butlers posted better-than-expected annual profits and said like-for-like trading in the first seven weeks of the current fiscal year was up 4%.
Wed 27 Nov 2024 07:27
(Sharecast News) - Pennon Group reported a statutory loss before tax of £38.8m for the first half on Wednesday, swinging from a profit of £3.2m year-on-year, as restructuring costs and investments weighed on the bottom line despite a 17.5% increase in underlying revenue to £527.2m.
Wed 27 Nov 2024 07:20
(Sharecast News) - Just Eat Takeaway said on Wednesday that it plans to ditch its secondary listing on the London Stock Exchange after 24 December.
Wed 27 Nov 2024 07:20
(Sharecast News) - Vehicle retailer Motorpoint said on Wednesday that it had returned to profit in the six months ended 30 September and issued solid forward guidance.
Wed 27 Nov 2024 07:18
(Sharecast News) - GSK's liquid meningitis vaccine Menveo has been approved by EU regulators, paving the way for a simpler vaccination process against invasive meningococcal disease (IMD).
Wed 27 Nov 2024 07:18
(Sharecast News) - GSK's liquid meningitis vaccine Menveo has been approved by EU regulators, paving the way for a simpler vaccination process against invasive meningococcal disease (IMD).
Wed 27 Nov 2024 07:01
(Sharecast News) - Low-cost airline easyJet reported a surge in full-year profit and boosted its dividend on strong summer holiday demand and a narrowing of winter losses as it swerved some of the problems faced by its rivals.
Tue 26 Nov 2024 18:36
(Sharecast News) - Aston Martin Lagonda said on Tuesday that it was looking to raise more cash from investors as it issued another profit warning.
Tue 26 Nov 2024 12:23
(Sharecast News) - Mike Ashley's Frasers Group said on Tuesday that it has agreed to buy South African sporting, outdoor and recreation goods company Holdsport for an undisclosed sum.
Tue 26 Nov 2024 11:52
(Sharecast News) - Shares in AIM-listed Quadrise rocketed again on Tuesday after the cleaner fuel solutions group announced a project agreement that paves the way for the long-awaited trials of the company's MSAR and bioMSAR fuels.
Tue 26 Nov 2024 10:47
(Sharecast News) - The Co-operative Bank said on Tuesday that it will return £90m to shareholders as it hailed a "robust" third-quarter trading performance.
Tue 26 Nov 2024 10:44
(Sharecast News) - RBC Capital Markets has upgraded its rating for high street retailer Next from 'sector perform' to 'outperform', saying that the company should beat market current market expectations for revenue.
Tue 26 Nov 2024 10:44
(Sharecast News) - Melrose Industries surged on Tuesday as JPMorgan Cazenove hiked its price target on the shares to 850p from 650p and placed them on "positive catalyst watch" ahead of full-year results in March.
Tue 26 Nov 2024 10:23
(Sharecast News) - Shares in structural steel group Severfield were sliding on Tuesday morning, despite a 17% rise in first-half revenue to £252.3m, as the company warned on profits amid a number of short-term headwinds.
Tue 26 Nov 2024 10:17
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on automotive retailer Halfords from 146.0p to 127.0p on Tuesday, citing increased net interest costs.
Tue 26 Nov 2024 10:11
(Sharecast News) - Australia's Macquarie Bank has been fined £13m by Britain's financial regulator after a junior trader concealed trading losses by posting 400 fake trades.
Tue 26 Nov 2024 09:25
(Sharecast News) - Infrastructure engineering services firm Renew on Tuesday delivered record full-year results in line with recently upgraded forecasts, with revenues growing by almost a fifth, as the company reported a confident outlook.
Tue 26 Nov 2024 09:12
(Sharecast News) - LondonMetric Property reported a significant increase in first-half earnings on Tuesday, as net rental income soared 154% year-on-year to £193.1m.
Tue 26 Nov 2024 08:54
(Sharecast News) - Shares in Brickability jumped on Tuesday after the construction products group expressed confidence in hitting full-year market expectations after a solid first half, saying it is seeing early signs of a recovery in end-markets.
Tue 26 Nov 2024 08:12
(Sharecast News) - Shaftesbury Capital highlighted strong leasing momentum and a robust financial position in a trading update on Tuesday.
Tue 26 Nov 2024 08:11
(Sharecast News) - Utilities provider Telecom Plus said it was on track to meet full-year guidance and targeted a dividend increase of at least 13% after a sharp increase in customer numbers offset a decline in revenues due to lower energy prices.
Tue 26 Nov 2024 07:53
(Sharecast News) - Retailer Halfords said on Tuesday that changes to National Insurance contributions and minimum wage announced in last month's Budget will increase its costs by around £23m, as it reported a dip in interim revenue and profit.
Tue 26 Nov 2024 07:18
(Sharecast News) - Food service giant Compass Group reported a robust full-year performance on Tuesday, with a 10.6% increase in revenue to $42.2bn.
Tue 26 Nov 2024 07:17
(Sharecast News) - Food producer Cranswick backed its guidance for the full year on Tuesday as it reported a jump in interim profit and revenue amid "healthy" demand.
Tue 26 Nov 2024 07:17
(Sharecast News) - Gift wrap and greetings cards manufacturer IG Design Group said on Tuesday that both revenue and profits had fallen in the six months ended 30 September.
Tue 26 Nov 2024 07:04
(Sharecast News) - Electrical retailer AO World lifted full-year forecasts after a surge in interim earnings, despite what its chief executive called a "Morecambe and Wise" summer.
Tue 26 Nov 2024 05:34
(Sharecast News) - The market spotlight on Wednesday will be on a deluge of economic data due out in the States.
Mon 25 Nov 2024 16:29
(Sharecast News) - Deutsche Bank upgraded Weir Group on Monday to 'buy' from 'hold' and upped the price target to 2,580p from 2,200p as it said it was positioned for growth.
Mon 25 Nov 2024 15:58
(Sharecast News) - Mkango Resources announced the results of a feasibility study for its HyProMag USA project on Monday, which it described as a rare earth magnet recycling and manufacturing operation planned for the US.
Mon 25 Nov 2024 12:42
(Sharecast News) - US retail store chain Macy's has been forced to delay publication of its third-quarter results, after an employee hid up to $154m in delivery expenses, while preliminary results showed sales missed expectations.
Mon 25 Nov 2024 12:14
(Sharecast News) - Bread Holdings has tapped Goldman Sachs to oversee the auction of British bakery chain Gail's in 2025.
Mon 25 Nov 2024 10:17
(Sharecast News) - Software Circle announced a new loan facility agreement with Shawbrook Bank on Monday, securing up to £16.7m in financing.
Mon 25 Nov 2024 08:59
(Sharecast News) - Italy's UniCredit said on Monday that it has offered to buy rival Banco BPM in a €10.1bn (£8.4bn) all-stock deal.
Mon 25 Nov 2024 08:08
(Sharecast News) - Barclays Bank has been fined £40m by Britain's financial regulator over alleged secret payments to Qatar during the 2008 global financial crisis to avoid a UK government bailout.
Mon 25 Nov 2024 08:07
(Sharecast News) - Shares in ITV surged on Monday following a report over the weekend that potential suitors have begun circling the broadcaster again after a prolonged period of share price weakness and renewed questions about its long-term strategic destiny.
Mon 25 Nov 2024 08:05
(Sharecast News) - Aquaculture biotechnology company Benchmark Holdings has disposed of its genetics unit for an enterprise value of up to £260.0m.
Mon 25 Nov 2024 07:55
(Sharecast News) - Pharma titan GSK has announced that US regulators have accepted for review Blenrep combinations for the treatment of relapsed or refractory multiple myeloma.
Mon 25 Nov 2024 07:42
(Sharecast News) - Hotels group InterContinental has signed a new agreement with JPMorgan Chase Bank to launch new co-branded credit cards to its IHG One Rewards scheme members in the US.
Mon 25 Nov 2024 07:22
(Sharecast News) - Rentokil Initial said on Monday that it has appointed Paul Edgecliffe-Johnson as chief financial officer with effect from 1 January 2025.
Mon 25 Nov 2024 07:18
(Sharecast News) - Shares in Kingfisher tanked on Monday after the B&Q and Screwfix owner nudged down the midpoint of its annual profit guidance following a weak third quarter, in which group like-for-like sales fell more than forecast.
Mon 25 Nov 2024 07:17
(Sharecast News) - AstraZeneca announced positive results from a phase three prostate cancer trial on Monday, reporting that its AKT inhibitor 'Truqap', or capivasertib, in combination with abiraterone and androgen deprivation therapy (ADT), significantly improved radiographic progression-free survival (rPFS) in patients with PTEN-deficient metastatic hormone-sensitive prostate cancer (mHSPC).
Mon 25 Nov 2024 07:02
(Sharecast News) - Anglo American has agreed to sell its portfolio of steelmaking coal mines that it operates in Australia to Peabody Energy for $3.77bn in cash as part of its pivot to be a copper, premium iron ore and crop nutrients business.
Fri 22 Nov 2024 17:05
(Sharecast News) - The Competition and Markets Authority (CMA) announced on Friday that it has provisionally found that Apple's policies on mobile browsers hinder innovation, impacting UK businesses and millions of users.
Fri 22 Nov 2024 14:20
(Sharecast News) - Consumer goods giant and Ben & Jerry's parent Unilever said on Friday that it remains on track to deliver its €800m productivity programme and to separate its ice cream business by the end of next year.
Fri 22 Nov 2024 12:56
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on software firm Sage from 970.0p to 1,090.0p on Friday after the group's FY24 results gave it a "feeling of déjà vu".
Fri 22 Nov 2024 11:39
(Sharecast News) - Ryanair has said it would appeal a €108m fine from Spain's Ministry of Consumer Rights for alleged unnecessary customer charges, like the fees it takes for additional cabin luggage.
Fri 22 Nov 2024 11:31
(Sharecast News) - The Financial Conduct Authority has urged life insurers to avoid "unnecessary delays" when settling life insurance claims quicker and improve their customer experience.
Fri 22 Nov 2024 10:56
(Sharecast News) - Clarksons shares rallied on Friday as Berenberg started coverage of the shipping services firm with a 'buy' rating and 5,075p price target.
Fri 22 Nov 2024 10:06
(Sharecast News) - UK business output contracted in November for the first time in more than a year, according to a survey released on Friday.
Fri 22 Nov 2024 09:33
(Sharecast News) - DFS Furniture hailed an improvement in trading on Friday as it announced the appointment of an interim chief financial officer.
Fri 22 Nov 2024 08:25
(Sharecast News) - Amigo, the former mid-cost credit provider now in run-off, reported its interim financial results on Friday, reflecting significant progress in its wind-down process under the fallback scheme.
Fri 22 Nov 2024 07:56
(Sharecast News) - JPMorgan Cazenove downgraded its stance on shares of JD Sports on Friday to 'neutral' from 'overweight' following results a day earlier.
Fri 22 Nov 2024 07:26
(Sharecast News) - Th energy price cap for the first quarter of 2025 has been raised by 1.2%, according to a statement on Friday by Ofgem, meaning that the average household could pay up to £1,738 a year on average for electricity and gas.
Fri 22 Nov 2024 07:19
(Sharecast News) - Workspace Group reported a 4.3% increase in underlying net rental income to £60.2 for its first half on Friday, driven by strong customer demand and portfolio management.
Fri 22 Nov 2024 07:17
(Sharecast News) - Biopharma giant GSK has announced that Japanese regulators have expanded the approved use of its Arexvy vaccine for severe respiratory syncytial virus (RSV) disease to a wider age range.
Fri 22 Nov 2024 07:05
(Sharecast News) - Shares in Warhammer maker Games Workshop surged by 16% and hit a record high on Friday after the company lifted half-year guidance on the back of better-than-expected trading in the last two months.
Thu 21 Nov 2024 17:19
(Sharecast News) - Markets' attention at the end of the week will be on the release of a raft of purchasing managers' surveys for manufacturing and services in the euro area, UK and US.
Thu 21 Nov 2024 15:22
(Sharecast News) - Peel Hunt initiated coverage on Avacta on Thursday with a 'buy' rating and 99p price target as it pointed out three key aspects of the investment case.
Thu 21 Nov 2024 14:54
(Sharecast News) - Resolute Mining said chief executive Terence Holohan and two other executives have been released by authorities in Mali after reaching a deal to pay the government $160m over a tax dispute.
Thu 21 Nov 2024 14:49
(Sharecast News) - Shares in JD Sports Fashion tumbled on Thursday after the sportswear retailer disappointed with its profit guidance, but it wasn't enough to change Shore Capital's 'buy' rating on the stock with the broker citing an undemanding valuation.
Thu 21 Nov 2024 11:22
(Sharecast News) - Analysts at Berenberg lowered their target price on Liontrust Asset Management from 625.0p to 500.0p on Thursday but said the group was still "well positioned for when markets turn".
Thu 21 Nov 2024 10:47
(Sharecast News) - Nine water companies have been banned from using customer money to fund "undeserved" bonuses for bosses, the regulator announced on Thursday.
Thu 21 Nov 2024 10:46
(Sharecast News) - Jefferies has kicked off coverage of Auction Technology Group with an 'underperform' rating, saying it sees continued downward pressure on consensus forecasts.
Thu 21 Nov 2024 10:08
(Sharecast News) - The US Department of Justice has called for Google parent company Alphabet to dispose of its Chrome browser arm in an effort to stop the group from maintaining its online search monopoly.
Thu 21 Nov 2024 09:55
(Sharecast News) - Cohort announced the acquisition of EM Solutions for AUD 144m (£75m) on Thursday, in a deal expected to close by the end of the year.
Thu 21 Nov 2024 09:27
(Sharecast News) - Financial services firm CMC Markets said on Thursday that net revenues had surged in the six months ended 30 September, helping the group swing from its interim pre-tax loss a year earlier.
Thu 21 Nov 2024 09:18
(Sharecast News) - The financial watchdog is considering giving firms up until the end of 2025 to handle car finance complaints, it confirmed on Thursday.
Thu 21 Nov 2024 09:06
(Sharecast News) - XPS Pensions Group reported a robust first-half performance on Thursday, with group revenue rising 23% year-on-year to £113.4m.
Thu 21 Nov 2024 08:51
(Sharecast News) - Shares in PayPoint were sliding on Thursday morning, even after it reported a 20.6% improvement in first-half underlying EBITDA to £37.5m on the back of continued operational momentum across its divisions.
Thu 21 Nov 2024 08:46
(Sharecast News) - Breedon Group reported a resilient trading performance for the 10 months ended 31 October on Thursday, driven by robust pricing and operational excellence, despite a challenging construction market in Great Britain.
Thu 21 Nov 2024 08:40
(Sharecast News) - Eagle Eye Solutions Group reported a strong start to the 2025 financial year on Thursday, driven by new contract wins, expanded client engagements, and a growing global demand for personalised loyalty solutions.
Thu 21 Nov 2024 08:32
(Sharecast News) - Tools and equipment hire firm Speedy Hire said on Thursday that it swung to an interim pre-tax loss amid higher costs.
Thu 21 Nov 2024 08:15
(Sharecast News) - Investec reported a 7.6% rise in adjusted operating profit to £474.7m for the six months ended 30 September on Thursday, driven by revenue growth of 5.6% to £1.1bn and improved cost efficiency.
Thu 21 Nov 2024 08:08
(Sharecast News) - Airline company Jet2 said on Thursday that it had delivered "another record performance" in the six months ended 30 September, leading the group to upgrade its full-year outlook.
Thu 21 Nov 2024 08:02
(Sharecast News) - Residential landlord and build-to-rent (BTR) group Grainger has raised its dividend by 14% on the back of a double-digit increase in rental income and profits, as the company lifted its near-term earnings forecasts.
Thu 21 Nov 2024 07:59
(Sharecast News) - Close Brothers reported a stable first-quarter performance in an update on Thursday, supported by growth in its banking division and disciplined cost management, despite headwinds from legal challenges in its motor finance business.
Thu 21 Nov 2024 07:54
(Sharecast News) - Mitie reported a jump in first-half profits and revenue on Thursday as it hailed record contract wins and renewals.
Thu 21 Nov 2024 07:51
(Sharecast News) - Safety equipment and hazard detection products group Halma has raised its interim dividend by 7% after a record first-half performance which saw sales top the £1bn mark, as it retained its guidance for the full year.
Thu 21 Nov 2024 07:37
(Sharecast News) - Liontrust Asset Management said on Thursday that it was planning to cut around 25 jobs in a bid to save costs, as it reported a drop in first-half profits but struck an upbeat note on the outlook.
Thu 21 Nov 2024 07:24
(Sharecast News) - Postal and courier giant International Distribution Services returned to an adjusted operating profit in the first half, as revenues increased across the group and losses at Royal Mail reduced.
Thu 21 Nov 2024 07:18
(Sharecast News) - Frasers Group, the largest shareholder in Boohoo with a 28.01% stake, intensified its call for the removal of Boohoo's executive chairman Mahmud Kamani on Thursday.
Thu 21 Nov 2024 07:17
(Sharecast News) - Shares in Ithaca Energy surged on Thursday after the UK-focused oil group announced a $200m special dividend alongside its third-quarter results, after completing its takeover of Eni UK and finalising a new debt refinancing.
Thu 21 Nov 2024 07:01
(Sharecast News) - Shares in JD Sports Fashion slumped by 15% on Thursday as the retailer warned full-year profits would be at the lower end of forecasts after a "volatile" trading environment in October due to discounting, milder weather and consumer caution ahead of the US election.
Wed 20 Nov 2024 15:48
(Sharecast News) - Berenberg raised their target price on investment company Petershill Partners from 235.0p to 270.0p on Wednesday following the group's Q3 results a day earlier.
Wed 20 Nov 2024 14:06
(Sharecast News) - Automotive giant Ford has announced plans to slash 4,000 jobs across Europe, including 800 UK-based roles.
Wed 20 Nov 2024 14:06
(Sharecast News) - Automotive giant Ford has announced plans to slash 4,000 jobs across Europe, including 800 UK-based roles.
Wed 20 Nov 2024 12:50
(Sharecast News) - Tokyo's metro system operator, Japanese trading company Sumitomo and Britain's Go-Ahead Group have won a contract to operate London's troubled Elizabeth Line, taking over from China's MTR, officials announced on Wednesday.
Wed 20 Nov 2024 11:32
(Sharecast News) - E.ON has been fined £14.5m by the UK watchdog for "unacceptable" billing failures during the cost of living crisis, it was announced on Wednesday.
Wed 20 Nov 2024 11:23
(Sharecast News) - Silverbullet reported strong trading in its fourth quarter on Wednesday, marked by record-breaking performance in October and new contracts worth £1.5m.
Wed 20 Nov 2024 09:53
(Sharecast News) - Citi has reiterated its 'buy' rating for Informa after a "robust" trading update from the B2B publishing and events group this week, saying that shareholders should be reassured that underlying trends are strong.
Wed 20 Nov 2024 09:23
(Sharecast News) - IT infrastructure and services provider Softcat said on Wednesday that first-quarter trading was in line with guidance.
Wed 20 Nov 2024 09:15
(Sharecast News) - Inkjet printing technology group Xaar said on Wednesday that chief financial officer Ian Tichias has resigned "to pursue other opportunities".
Wed 20 Nov 2024 09:05
(Sharecast News) - Venture capital firm Molten Ventures reported a steady first-half performance on Wednesday, with a gross portfolio value of £1.34bn, down slightly from £1.38bn at the end of March.
Wed 20 Nov 2024 09:02
(Sharecast News) - Industrial flow control equipment manufacturer Rotork said on Wednesday that order levels in the four months ended 27 October had been higher than at the same time a year earlier.
Wed 20 Nov 2024 09:00
(Sharecast News) - UK and Malaysia-focused energy group EnQuest has trimmed its production outlook for the full year after an unplanned outage at the Ninian Central Platform in the North Sea.
Wed 20 Nov 2024 08:57
(Sharecast News) - Animal genetics specialist Genus reported an encouraging start to its 2025 financial year on Wednesday, with trading in line with market expectations despite an anticipated currency headwind of £8m to £9m.
Wed 20 Nov 2024 08:17
(Sharecast News) - Helios Towers fell on Wednesday after investor Arbejdsmarkedets Tillægspension (ATP) - Denmark's largest lifelong pension plan - sold around 50.6m shares in the company in a placing for approximately £48m.
Wed 20 Nov 2024 08:10
(Sharecast News) - HICL Infrastructure reported a solid financial turnaround in its first half on Wednesday, with income rising sharply to £71.7m for the six months ended 30 September, compared to £10.9m in the same period last year, although its net asset value per share declined.
Wed 20 Nov 2024 08:03
(Sharecast News) - Drinks maker Britvic - which is in the process of being taken over by Carlsberg - hailed "another outstanding performance" on Wednesday as it pointed to strong consumer demand.
Wed 20 Nov 2024 08:02
(Sharecast News) - Construction products manufacturer Hill & Smith said on Wednesday that trading in the four months ended 31 October had been "positive".
Wed 20 Nov 2024 07:59
(Sharecast News) - Industrial thread maker Coats said it expected full-year results to be in line with expectations and forecast an operating margin of around 18%, driven by strong sales growth.
Wed 20 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.
Wed 20 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.
Wed 20 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.
Wed 20 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.
Wed 20 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.
Wed 20 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.
Wed 20 Nov 2024 07:01
(Sharecast News) - Homewares retailer Dunelm on Wednesday said it had bought Irish soft furnishing chain Homefocus for an undisclosed sum.
Tue 19 Nov 2024 16:24
(Sharecast News) - Investors' focus in the middle of the week would be on the latest UK consumer price data.
Tue 19 Nov 2024 15:33
(Sharecast News) - Closed-ended real estate investment trust Ground Rents Income Fund announced on Tuesday that it had sold its largest asset for £7.9m.
Tue 19 Nov 2024 12:48
(Sharecast News) - Jefferies hiked its price target on buy-rated DCC on Tuesday after the sales, marketing and support services group announced last week that it was planning to simplify its operations and focus on the energy sector.
Tue 19 Nov 2024 12:43
(Sharecast News) - Lung cancer diagnostics developer LungLife AI reported significant progress in the commercialisation of its 'LungLB' test on Tuesday, which was designed to facilitate early detection and improve patient outcomes.
Tue 19 Nov 2024 12:34
(Sharecast News) - More than 80 leading retail leaders signed an open letter to Chancellor Rachel Reeves on Tuesday, expressing grave concerns about the economic impact of the Autumn Budget on the retail sector.
Tue 19 Nov 2024 12:34
(Sharecast News) - More than 80 leading retail leaders signed an open letter to Chancellor Rachel Reeves on Tuesday, expressing grave concerns about the economic impact of the Autumn Budget on the retail sector.
Tue 19 Nov 2024 12:17
(Sharecast News) - US home improvement retailer Lowe's lifted full-year guidance on Tuesday, betting on more spending from people hit by recent hurricanes.
Tue 19 Nov 2024 12:12
(Sharecast News) - Retailer Walmart hiked its full-year guidance on Tuesday after Q3 earnings and revenue came in ahead of expectations.
Tue 19 Nov 2024 11:47
(Sharecast News) - BT Group gained on Tuesday after India's Bharti Global completed the acquisition of a 24.5% stake in the telecoms company from France's Altice.
Tue 19 Nov 2024 11:16
(Sharecast News) - The market value of CML Microsystems dropped by a tenth on Tuesday after the semiconductors group reported a halving of profits in its first half amid "subdued" market conditions, and said meeting full-year targets might be "challenging".
Tue 19 Nov 2024 10:22
(Sharecast News) - Advanced television advertising technology specialist Nexxen International announced a new share buyback programme worth up to $50m on Tuesday.
Tue 19 Nov 2024 10:14
(Sharecast News) - Analysts at Berenberg lowered their target price on scientific instruments business Judges Scientific from 12,400.0p to 11,310.0p on Tuesday, stating the group was approaching a "trough cycle".
Tue 19 Nov 2024 09:49
(Sharecast News) - Avon Technologies reported a robust set of preliminary results on Tuesday, with received orders surging 40.9% year-on-year to $364.4m, driving a record closing order book of $225.2m, up 65.8%, and providing strong visibility into the 2025 financial year and beyond.
Tue 19 Nov 2024 09:31
(Sharecast News) - Flooring manufacturer Victoria announced on Tuesday that it has disposed of its Turkish ceramic tile manufacturing business Graniser for €36.8m.
Tue 19 Nov 2024 09:21
(Sharecast News) - Drugmaker GSK said on Tuesday that its linerixibat candidate had shown "positive" Phase III results in cholestatic pruritus in primary biliary cholangitis.
Tue 19 Nov 2024 09:13
(Sharecast News) - Controls, seals, and life sciences distributor Diploma reported a 14% rise in revenue in its preliminary results on Tuesday, to £1.36bn, as adjusted operating profit increased 20% to £285m.
Tue 19 Nov 2024 08:56
(Sharecast News) - JPMorgan Cazenove reiterated its 'overweight' rating on Just Group on Tuesday and lifted the price target to 200p from 190p after it completed a £1.8bn full buy-in with the Trustee of the G4S Pension Scheme, covering the benefits of around 22,500 members.
Tue 19 Nov 2024 08:51
(Sharecast News) - Self-storage warehouse operator Big Yellow Group has predicted a return to earnings per share growth in the second half after a slight reduction in the first six months of its financial year as higher operating costs weighed on the bottom line.
Tue 19 Nov 2024 08:10
(Sharecast News) - Petershill Partners, a global investor in alternative asset managers, reported a solid third-quarter performance in an update on Tuesday, supported by strong partner fee-related earnings (FRE) and significant capital returns.
Tue 19 Nov 2024 08:07
(Sharecast News) - Plastic piping manufacturer Genuit said on Tuesday that it has delivered a "resilient performance" year-to-date, despite operating in "subdued market conditions".
Tue 19 Nov 2024 07:53
(Sharecast News) - Tullow Oil has reached agreement with its lenders to extend the maturity of its revolving credit facility (RCF) to June 30, 2025, the company said on Tuesday.
Tue 19 Nov 2024 07:51
(Sharecast News) - Landscaping and building supplier Marshalls on Tuesday unveiled a new strategy targeting an operating margin of 15% and outperformance the wider construction market by 2 - 4%.
Tue 19 Nov 2024 07:42
(Sharecast News) - Bodycote said on Tuesday that full-year operating profit was set to be in line with market expectations as it hailed a "resilient performance in challenging end markets".
Tue 19 Nov 2024 07:21
(Sharecast News) - Luxury handbag maker Mulberry said on Tuesday that it was taking steps to "streamline operations" as it reported a 19% drop in first-half revenue and a widening of its losses, pointing to a "difficult" trading environment.
Tue 19 Nov 2024 07:21
(Sharecast News) - Cigarette and maker Imperial Brands on Tuesday posted a 4.5% rise in full-year adjusted operating profit as revenues from new products such as vapes and nicotine pouches surged by more than a quarter.
Tue 19 Nov 2024 07:20
(Sharecast News) - Shares in AIM-listed GB Group rose on Tuesday as the identity fraud and location software firm reiterated its full-year outlook after swinging into the black in the first half.
Tue 19 Nov 2024 07:17
(Sharecast News) - Molten metal flow engineering specialist Vesuvius said in a trading update on Tuesday that it anticipated trading profit for the 2024 financial year to be slightly below 2023 levels on a constant currency basis, maintaining a return on sales margin of around 10.2%.
Tue 19 Nov 2024 07:03
(Sharecast News) - Events and digital services group Informa on Tuesday reaffirmed its recently upgraded full-year guidance as revenues in the first 10 months of the year grew 10.7% and said strong forward booking were providing momentum into 2025.
Mon 18 Nov 2024 14:09
(Sharecast News) - RBC Capital Markets lifted its price target on XPS Pensions on Monday to 395p from 355p ahead of first-half results.
Mon 18 Nov 2024 12:59
(Sharecast News) - Microlise Group provided a final update on Monday, on the cybersecurity incident first disclosed on 31 October.
Mon 18 Nov 2024 12:39
(Sharecast News) - Sirius Real Estate reported a 14.5% rise in funds from operations (FFO) to €60.7m in its half-year results on Monday, supported by a strong operational performance.
Mon 18 Nov 2024 12:33
(Sharecast News) - Segro confirmed on Monday that its all-share offer to acquire Tritax EuroBox has lapsed after failing to meet key conditions by the specified deadline.
Mon 18 Nov 2024 12:29
(Sharecast News) - B&M European Value Retail announced plans to issue £250m in sterling-denominated senior secured notes on Monday, due 2031, to repay its existing senior secured notes maturing in 2025.
Mon 18 Nov 2024 11:03
(Sharecast News) - Analysts at Berenberg slashed their target price on engineering and consulting business John Wood Group from 150.0p to 60.0p on Monday, stating an independent review into its projects business had created "substantial uncertainty".
Mon 18 Nov 2024 10:34
(Sharecast News) - Supermarket Income REIT has acquired a Sainsbury's omnichannel supermarket in Huddersfield for £49.7m, it announced on Monday, representing a net initial yield of 7.6%.
Mon 18 Nov 2024 10:00
(Sharecast News) - Troubled fast-fashion retailer Boohoo on Monday confirmed it had managed to raise around £40m in funding to bolster its balance sheet amid a row with major shareholder, Mike Ashley's Frasers Group.
Mon 18 Nov 2024 09:39
(Sharecast News) - HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm's newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
Mon 18 Nov 2024 09:19
(Sharecast News) - Corporate restructuring firm Begbies Traynor said on Monday that it had delivered a "strong financial performance" throughout H1, with double-digit revenue and profit growth.
Mon 18 Nov 2024 09:11
(Sharecast News) - Drugmaker AstraZeneca said on Monday that its Tagrisso asset had received a recommendation for EU approval on the back of LAURA Phase III trial results, which revealed it had extended median progression-free survival to more than three years.
Mon 18 Nov 2024 09:01
(Sharecast News) - Software group Cerillion delivered an impressive set of annual results on Monday, with double-digit growth across the board nd record profits supporting a 17% increase in its total dividend.
Mon 18 Nov 2024 08:52
(Sharecast News) - Petrofac announced an extension of its forbearance agreement regarding the non-payment of interest coupons on its senior secured notes on Monday.
Mon 18 Nov 2024 08:06
(Sharecast News) - Australia's Resolute Mining, whose executives have been detained in Mali over a tax row, said it had agreed to pay $160m as part of a deal to free them.
Mon 18 Nov 2024 07:52
(Sharecast News) - Real estate group LondonMetric Property has continued its capital recycling strategy with the sale of £58m-worth of non-core assets and the acquisition of a retail park in Essex.
Mon 18 Nov 2024 07:41
(Sharecast News) - FDM Group said on Monday that its full-year performance was set to be in line with its expectations, despite continuing market uncertainty.
Mon 18 Nov 2024 07:35
(Sharecast News) - Scientific instrument company Judges Scientific has slashed its profit guidance for the full year on the back of delays in the timing of certain orders.
Mon 18 Nov 2024 07:18
(Sharecast News) - Elementis announced on Monday that its chief executive officer Paul Waterman would step down following nine years at the helm.
Mon 18 Nov 2024 07:18
(Sharecast News) - Australia's AMSL Aero, a portfolio company of UK science and innovation investor IP Group, on Monday said its Vertiia electric vertical take-off and landing aircraft (eVTOL) had completed its first untethered flights.
Mon 18 Nov 2024 07:15
(Sharecast News) - Safety equipment maker Halma has announced it is buying Lamidey Noury Medical, a Paris-based manufacturer of medical technology devices, for €50m.
Mon 18 Nov 2024 07:02
(Sharecast News) - Shares in Melrose spiked on Monday as the UK aerospace company reported a rise in revenues driven by aftermarket demand in its engines division, particularly in defence.
Fri 15 Nov 2024 12:11
(Sharecast News) - Pharmaceutical and biotech stocks around the world slumped on Friday, after US president-elect Donald Trump appointed vaccine sceptic Robert F Kennedy Jr to his cabinet.
Fri 15 Nov 2024 10:25
(Sharecast News) - Analysts at Berenberg raised their target price on Flutter Entertainment from 20,300.0p to 23,200.0p on Friday, stating that the bookmaker's Q3 performance showed sustained share gains.
Fri 15 Nov 2024 09:05
(Sharecast News) - The rally in Premier Foods' share price has further to run, according to RBC Capital Markets, which reiterated an 'outperform' rating on the stock on Friday, as it hiked its target price following the manufacturer's interim results this week.
Fri 15 Nov 2024 08:38
(Sharecast News) - Asset manager Record said trading remained in line with expectations on Friday, despite a dip in revenues and more "challenging" conditions.
Fri 15 Nov 2024 08:04
(Sharecast News) - Medical products group Convatec has expressed disappointment with a ruling which excludes its InnovaMatrix product from Medicare coverage in the US, but says it is confident of securing coverage in the future.
Fri 15 Nov 2024 07:55
(Sharecast News) - Housebuilder MJ Gleeson said on Friday that it remains on track for full-year results in line with market expectations despite a "lack of conviction" in the market, which continued through the Autumn.
Fri 15 Nov 2024 07:46
(Sharecast News) - Flooring manufacturer Victoria said it expects full-year results to be in line with market forecasts, predicting a pick-up in momentum in the second half.
Fri 15 Nov 2024 07:21
(Sharecast News) - Volex announced on Friday that it has submitted two proposals to acquire the London-listed TT Electronics in a cash-and-shares deal, valuing it at around £249m.
Fri 15 Nov 2024 07:20
(Sharecast News) - Evotec surged on Friday after Halozyme Therapeutics confirmed it had submitted a non-binding proposal to buy the German biotech for €11.00 per share in cash, or about €2bn.
Fri 15 Nov 2024 07:15
(Sharecast News) - Land Securities returned to profit and lifted guidance in the six months to September as the property market continued to recover, underpinned by growing rental demand and occupancy.
Thu 14 Nov 2024 14:30
(Sharecast News) - Palace Capital reported a mixed half-year performance on Thursday, as it continued with its strategy to return capital to shareholders.
Thu 14 Nov 2024 13:44
(Sharecast News) - General Mills said on Thursday that it has agreed to buy Whitebridge Pet Brands' North American premium cat feeding and pet treating business for $1.45bn.
Thu 14 Nov 2024 11:34
(Sharecast News) - Syncona announced the launch of Slingshot Therapeutics, a new portfolio company and accelerator dedicated to developing early-stage life science programs sourced from academia, on Thursday.
Thu 14 Nov 2024 11:27
(Sharecast News) - Shore Capital downgraded its stance on Capita on Thursday to 'hold' from 'buy' ahead of detailed guidance on the potential negative impact from changes to National Insurance contributions announced in last month's Budget.
Thu 14 Nov 2024 10:59
(Sharecast News) - Davy initiated coverage of banknote printer De La Rue on Thursday with an 'outperform' rating and 160p price target, which provides 70% upside.
Thu 14 Nov 2024 10:39
(Sharecast News) - Shares in Spirax were rising on Thursday after the company delivered a solid third-quarter update, with shares supported by a broker upgrade from Shore Capital which lifted the stock from 'sell' to 'hold'.
Thu 14 Nov 2024 10:34
(Sharecast News) - Construction firm Kier Group said on Thursday that it had made a good start to the new trading year and expects its overall performance to be second-half weighted.
Thu 14 Nov 2024 09:58
(Sharecast News) - Great Portland Estates reported a fall in earnings per share in an update on Thursday, despite progress in strategic acquisitions and resilient leasing performance.
Thu 14 Nov 2024 09:18
(Sharecast News) - Real estate investment trust Assura posted improved rental income and earnings on Thursday, following a "transformative" first half.
Thu 14 Nov 2024 09:17
(Sharecast News) - Retirement products business Just Group said on Thursday that it has completed its largest defined benefit de-risking transaction to date.
Thu 14 Nov 2024 09:09
(Sharecast News) - Electronic components manufacturer TT Electronics said on Thursday that it has been forced to make further job cuts in an effort to mitigate the impact of "substantial market changes".
Thu 14 Nov 2024 08:58
(Sharecast News) - Shares in Qinetiq dipped on Thursday despite the aircraft engineering company delivering first-half results in line with expectations and announcing a new £50m buyback.
Thu 14 Nov 2024 08:55
(Sharecast News) - Keller said on Thursday that it remained on track to deliver a full-year performance in line with expectations as it announced the appointment of a new chairman, but shares in the geotechnical specialist contractor slumped as it pointed to weak activity levels in Europe.
Thu 14 Nov 2024 08:39
(Sharecast News) - Petershill Partners announced the partial sale of its stake in Accel-KKR (AKKR) on Thursday, generating a nominal consideration of $282m.
Thu 14 Nov 2024 08:06
(Sharecast News) - Shares in FirstGroup jumped on Thursday as the bus and rail operator said it was buying back an extra £50m in shares and lifted its full-year forecast after a strong performance in the first half of the year.
Thu 14 Nov 2024 08:03
(Sharecast News) - Private equity and venture capital firm 3i Group said on Thursday that it had delivered a "good financial performance" for the six months ended 30 September.
Thu 14 Nov 2024 07:53
(Sharecast News) - FTSE 100-listed water company United Utilities saw revenues top the £1bn mark in its first half after a "robust" performance, though headline profits dropped due to a higher net finance expense.
Thu 14 Nov 2024 07:48
(Sharecast News) - Premier Foods reported higher first-half revenues and profits as easing inflation allowed consumers to "treat themselves more" to its range of products.
Thu 14 Nov 2024 07:38
(Sharecast News) - Insurance giant Aviva hailed a "very strong" performance in the third quarter, with double-digit gains in general insurance premiums, life insurance and retirement sales, and wealth net flows.
Thu 14 Nov 2024 07:26
(Sharecast News) - GSK reported positive results from its phase three 'DREAMM-7' trial on Thursday, highlighting a significant overall survival benefit for 'Blenrep', or belantamab mafodotin, in patients with relapsed or refractory multiple myeloma.
Thu 14 Nov 2024 07:18
(Sharecast News) - WH Smith reported a jump in full-year profit and revenue on Thursday as it hailed a particularly strong performance from the UK travel business and over the summer.
Thu 14 Nov 2024 07:17
(Sharecast News) - Alfa Financial Software has raised profit guidance for the full year after reporting double-digit revenue growth in the third quarter, causing shares to rise on Thursday.
Thu 14 Nov 2024 07:14
(Sharecast News) - Fluid technology and thermal solutions group Spirax has left its full-year outlook unchanged after increasing organic sales across all three of its businesses in the third quarter, but warned of a slight impact on results from currency movements.
Thu 14 Nov 2024 07:02
(Sharecast News) - Shares in Burberry surged on Thursday as the luxury goods brand launched a review of the business in an "urgent" effort to turnaround its struggling fortunes after slumping to a £80m half-year loss driven by plunging sales in its key Chinese market.
Thu 14 Nov 2024 07:02
(Sharecast News) - B&M European Value Retail reiterated its full-year outlook on Thursday after half-year sales ticked higher.
Wed 13 Nov 2024 15:56
(Sharecast News) - Investors' focus on Thursday will continue to be on the inflation picture in the States.
Wed 13 Nov 2024 14:35
(Sharecast News) - Analysts at Berenberg lowered their target price on manufacturing and research company Oxford Instruments from 2,925.0p to 2,830.0p on Wednesday, citing a "strong underlying performance".
Wed 13 Nov 2024 13:15
(Sharecast News) - Regional REIT issued a positive third-quarter trading update on Wednesday, marked by a 9.3% increase in new letting income this year.
Wed 13 Nov 2024 13:01
(Sharecast News) - Workspace Group announced the opening of its first 'net zero' building, Leroy House in Islington, on Wednesday, after transforming a historic 1930s watchmaker's factory into a 57,000 square foot sustainable workspace to meet strong demand from small-to-medium enterprises.
Wed 13 Nov 2024 12:56
(Sharecast News) - Gulf Marine Services announced on Wednesday that it has secured a new contract for one of its self-propelled, self-elevating support vessels in the Middle East.
Wed 13 Nov 2024 12:52
(Sharecast News) - Augmentum Fintech announced a $4m investment as the lead investor in a $7m funding round for Emirates-based fintech company Pemo on Wednesday.
Wed 13 Nov 2024 12:47
(Sharecast News) - Opus Energy has agreed to pay over £7m in compensation after overcharging nearly 88,000 business customers due to long-standing billing errors, Ofgem announced on Wednesday.
Wed 13 Nov 2024 12:23
(Sharecast News) - Shore Capital downgraded Serco on Wednesday after the outsourcer said last week that it had lost its long-running Australian immigration detention centres contract and estimated that changes to employer national insurance contributions would increase labour costs by £20m a year.
Wed 13 Nov 2024 11:14
(Sharecast News) - GCP Infrastructure Investments released its latest quarterly investor update on Wednesday, reporting a net asset value of 105.22p per share as at 30 September, with the diversified portfolio valued at about £1bn, comprising 50 investments that included partial inflation protection.
Wed 13 Nov 2024 10:43
(Sharecast News) - Property developer Henry Boot has completed the sale of an industrial and logistics development site in Coventry to Royal London Asset Management Property for an undisclosed sum.
Wed 13 Nov 2024 10:02
(Sharecast News) - More than 100 Post Office branches are facing closure, it was announced on Wednesday, as the state-owned business announced plans to overhaul itself in the wake of the Horizon IT scandal.
Wed 13 Nov 2024 09:56
(Sharecast News) - The Range is reportedly closing in on a deal to snap up a large chunk of Homebase which will save close to 1,500 jobs but raise doubts about at least 1,700 more.
Wed 13 Nov 2024 08:23
(Sharecast News) - Shares in Flutter Entertainment jumped on Wednesday as the Betfair owner lifted its full-year revenue and EBITDA guidance and posted a narrowing of its net losses.
Wed 13 Nov 2024 07:54
(Sharecast News) - Pubs and hotels group Fuller Smith & Turner said it is on track to hit market forecasts this year after a strong first half, which saw profits rose by a fifth, and painted an optimistic outlook despite concerns about recent tax changes in the government's autumn budget.
Wed 13 Nov 2024 07:54
(Sharecast News) - Specialist engineering group Dowlais said on Wednesday that year-to-date trading was in line with expectations and that its full-year outlook remained unchanged.
Wed 13 Nov 2024 07:50
(Sharecast News) - Intermediate Capital Group total assets under management rose to $106bn at the end of its first half, it reported on Wednesday, as fee-earning assets under management were up 4% from 31 March to $73bn.
Wed 13 Nov 2024 07:31
(Sharecast News) - Commercial property investment company CLS Holdings said that leasing levels over the third quarter was well ahead of last year, though the macro environment was slowing letting activity more than expected.
Wed 13 Nov 2024 07:27
(Sharecast News) - Experian reported steady first-half growth on Wednesday, driven by a strong performance across its regional markets and business segments.
Wed 13 Nov 2024 07:18
(Sharecast News) - Just Eat Takeaway said on Wednesday that it has agreed to sell US business Grubhub to Wonder Group for $650m.
Wed 13 Nov 2024 07:18
(Sharecast News) - Thames Water has received backing to take out a £3bn emergency loan, it confirmed on Wednesday, as the vastly-indebted utility tries to stave off a cash crunch.
Wed 13 Nov 2024 07:17
(Sharecast News) - Smiths Group has raised its growth and margin guidance and beefed up its share buyback programme after an "outstanding" first quarter.
Wed 13 Nov 2024 07:14
(Sharecast News) - Britain's financial regulator in consulting on an extension for motor finance companies to respond to consumer complaints about commission on car loans after a court ruling last month that could see billions paid out in compensation.
Wed 13 Nov 2024 07:02
(Sharecast News) - UK weapons maker Babcock reported a sharp jump in half-year profits and held annual guidance as geopolitical tensions increased demands from governments for military hardware.
Wed 13 Nov 2024 07:01
(Sharecast News) - SSE's long-standing chief executive is to stand down, the blue chip confirmed on Wednesday, as it posted a jump in half-year earnings.
Tue 12 Nov 2024 15:26
(Sharecast News) - Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company.
Tue 12 Nov 2024 12:25
(Sharecast News) - Citi said in a note on Tuesday that a recent site visit at Melrose Industries' Western Approach highlighted "a number of industry-leading technologies".
Tue 12 Nov 2024 11:39
(Sharecast News) - UK grocery sales hit their highest levels in October, according to data out on Tuesday from market research firm Kantar, as the number of shopping trips hit a four-year high.
Tue 12 Nov 2024 10:28
(Sharecast News) - Jefferies downgraded Direct Line on Tuesday to 'hold' from 'buy' and cut the price target to 165p from 235p.
Tue 12 Nov 2024 10:19
(Sharecast News) - Analysts at Berenberg raised their target price on Pan African Resources from 34.0p to 45.0p on Tuesday after the group announced that it had agreed to acquire Australia's Tennant Consolidated Mining Group.
Tue 12 Nov 2024 10:11
(Sharecast News) - Jefferies on Tuesday announced a number of ratings changes to its coverage of the UK real estate investment trust (REIT) sector, downgrading its recommendations for Big Yellow Group and PRS Reit but upgrading its stance on Landsec.
Tue 12 Nov 2024 10:10
(Sharecast News) - Single-board computer designer Raspberry Pi has inked a strategic partnership with Italian internet-of-things solutions business SECO ahead of the launch of its Compute Module 5 product.
Tue 12 Nov 2024 09:43
(Sharecast News) - Deutsche Bank has lowered its target price for Morgan Advanced Materials (MGAM) from 320p to 295p after the carbon and ceramic materials maker lowered its guidance last week.
Tue 12 Nov 2024 09:35
(Sharecast News) - White-label and branded household products maker McBride said it expects to deliver its third straight year of revenue growth, having performed in line with market expectations in its fiscal second quarter.
Tue 12 Nov 2024 09:13
(Sharecast News) - DCC surged on Tuesday as it announced plans to simplify its operations and focus on the energy sector, reported a rise interim profit and lifted its dividend.
Tue 12 Nov 2024 08:50
(Sharecast News) - Shares in AIM-listed Franchise Brands dropped sharply on Tuesday after the franchisor said that full-year profits are likely to come in at the lower end of market forecasts.
Tue 12 Nov 2024 08:48
(Sharecast News) - Marks Electrical Group reported a solid first-half performance on Tuesday, with revenue rising 9.3% to £58.8m, driven by 13% volume growth in major domestic appliances and a more-than-90% increase in consumer electronics volumes, though it was impacted by a shift towards lower-margin non-premium products.
Tue 12 Nov 2024 08:42
(Sharecast News) - Renewi reported a solid first-half performance on Tuesday, with revenue from continuing operations up 4% to €874.5m, driven by strong pricing in its commercial waste division and significant growth in specialities.
Tue 12 Nov 2024 08:37
(Sharecast News) - Oxford Instruments reported first-half revenue growth and strategic progress on Tuesday, recording a 10.4% increase in revenue at constant currency to £225.8m, supported by strong performance in North America and Asia outside of China.
Tue 12 Nov 2024 08:28
(Sharecast News) - 4imprint Group reported a robust performance for the 10 months through October in an update on Tuesday, achieving revenue growth and maintaining profitability in a challenging North American market.
Tue 12 Nov 2024 08:22
(Sharecast News) - German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
Tue 12 Nov 2024 08:19
(Sharecast News) - Bank of Georgia Group reported a strong third-quarter financial performance on Tuesday, with consolidated profit for the period rising by 42.5% year-on-year to GEL 509.3m (£145.29m), reflecting a return on average equity of 32.1%.
Tue 12 Nov 2024 08:19
(Sharecast News) - Vodafone Group reported a 1.6% rise in total revenue to €18.3bn for the first half of its financial year on Tuesday, with service revenue growing 1.7% to €15.1bn.
Tue 12 Nov 2024 08:18
(Sharecast News) - Oil producer Shell has won its appeal in a Dutch court against a 2021 ruling to slash its global carbon emissions.
Tue 12 Nov 2024 08:05
(Sharecast News) - Gas and oil production company Diversified Energy reported a net loss of $1.0m for the three months ended 30 September amid a continued focus on debt repayments and additional undeveloped land sales.
Tue 12 Nov 2024 08:02
(Sharecast News) - Fresnillo announced on Tuesday that Industrias Peñoles, its partner in a long-standing silver production agreement, had notified it of operational issues affecting the Sabinas mine, fully owned by Peñoles.
Tue 12 Nov 2024 07:59
(Sharecast News) - Wound care specialist Convatec raised its guidance for the 2024 financial year on Tuesday, following robust sales growth across its divisions.
Tue 12 Nov 2024 07:48
(Sharecast News) - UK arms maker BAE Systems held annual guidance adding that its order book reflected demand from governments for weaponry amid increasing global tensions.
Tue 12 Nov 2024 07:17
(Sharecast News) - AstraZeneca upgraded its full-year revenue and earnings per share guidance on Tuesday, citing strong growth across key therapy areas and robust financial results for the first nine months of the year.
Tue 12 Nov 2024 07:16
(Sharecast News) - Oil company Genel Energy said on Tuesday that it had significantly lowered its net debt position throughout the first nine months of the trading year.
Tue 12 Nov 2024 07:14
(Sharecast News) - The Financial Conduct Authority said on Tuesday that it has fined Metro Bank £16.7m for failing to have the right controls in place to combat money laundering.
Tue 12 Nov 2024 07:02
(Sharecast News) - Canadian asset manager Brookfield has won the battle for warehouse owner Tritax EuroBox after Segro said it would not up its offer, but the rival bidders did strike a deal to split their target's portfolio in a €470m deal.
Mon 11 Nov 2024 12:41
(Sharecast News) - Evotec surged on Monday as it emerged that private equity firm Triton Partners is considering a takeover bid for the German drug development company after taking a near-10% stake.
Mon 11 Nov 2024 11:56
(Sharecast News) - Deutsche Bank initiated coverage of review platform Trustpilot on Monday with a 'buy' rating and 331p price target.
Mon 11 Nov 2024 11:12
(Sharecast News) - Clay and concrete building products manufacturer Forterra reported challenging trading conditions for the four months to the end of October on Monday.
Mon 11 Nov 2024 11:03
(Sharecast News) - International Personal Finance announced on Monday that its Polish home credit subsidiary, Provident Polska, has secured a full payment institution licence from Poland's financial supervisory authority, the Komisja Nadzoru Finansowego (KNF).
Mon 11 Nov 2024 10:59
(Sharecast News) - Private rental sector-focussed new build investor PRS REIT announced an amendment to its investment advisory agreement with Sigma PRS Management, its investment adviser, on Monday.
Mon 11 Nov 2024 10:36
(Sharecast News) - Shares in Resolute Mining tumbled on Monday after it confirmed that chief executive Terence Holohan and two other employees have been detained by authorities in Mali.
Mon 11 Nov 2024 09:29
(Sharecast News) - Jefferies upgraded Ceres Power on Monday to 'buy' from 'hold' and lifted the price target to 265p from 190p as it took a look at renewable energy stocks.
Mon 11 Nov 2024 09:08
(Sharecast News) - RHI Magnesita reported a steady third-quarter performance amid challenging demand conditions in an update on Monday, as it warned of softer full-year sales than previously expected.
Mon 11 Nov 2024 08:53
(Sharecast News) - Berenberg slashed its price target on Vistry on Monday to 750p from 1,000p after the housebuilder issued another profit warning last week.
Mon 11 Nov 2024 08:03
(Sharecast News) - Heathrow recorded its busiest ever October, serving with more than 7.2m passengers due to a strong half term, as the airport raised its traffic forecasts for the full year.
Mon 11 Nov 2024 07:59
(Sharecast News) - Shares in Kainos surged on Monday after the software group unveiled a £30m share buyback as it reported a rise in interim profit on the back of an 18% rise in recurring revenue, although it remained cautious on full-year prospects.
Mon 11 Nov 2024 07:45
(Sharecast News) - London-focused real estate group Great Portland Estates is spending £58.5m on a refurbishment opportunity near Tottenham Court Road, as the company announced the signing of a new £150m ESG-linked unsecured revolving credit facility (RCF).
Mon 11 Nov 2024 07:32
(Sharecast News) - UK insurer Direct Line said it planned to axe 550 jobs as part of a turnaround plan amid continuing struggles at its motor insurance arm.
Mon 11 Nov 2024 07:30
(Sharecast News) - Specialty chemicals group Croda has left full-year constant-currency profit guidance unchanged after a solid third quarter, though a stronger pound will hit the bottom-line results more than previously expected.
Mon 11 Nov 2024 07:21
(Sharecast News) - Luxury fashion brand Burberry is reportedly on the brink of being bought by Italy's Moncler.
Mon 11 Nov 2024 07:17
(Sharecast News) - Life science investor Syncona announced on Monday that its portfolio company Autolus Therapeutics has received US Food and Drug Administration (FDA) approval for Aucatzyl (obe-cel), a CAR T-cell therapy developed for adult patients with relapsed or refractory B-cell precursor acute lymphoblastic leukaemia (r/r B-ALL).
Mon 11 Nov 2024 07:16
(Sharecast News) - NatWest has repurchased £1bn of shares from the HM Treasury, taking the government's stake in the banking group to just over 11%.
Fri 08 Nov 2024 13:36
(Sharecast News) - Second-quarter profits at auto giant Jaguar Land Rover fell by a tenth as the Coventry-based manufacturer was hit by aluminium supply constraints, though things are expected to pick up in the second half.
Fri 08 Nov 2024 12:38
(Sharecast News) - JPMorgan Cazenove lifted its price target on Relx on Friday to 4,550p from 4,200p to reflect an acceleration in the Legal and STM (scientific, technical & medical) divisions driven by generative AI.
Fri 08 Nov 2024 12:15
(Sharecast News) - Rideshare firm Bolt's drivers have won their legal claim to be classified as workers, paving the way to both paid holidays and a minimum wage.
Fri 08 Nov 2024 11:28
(Sharecast News) - Advisory firm Teneo - which managed the insolvency of Bulb Energy in 2021 - is reportedly kicking off a hunt for new backers in a process that could value it at about $2bn (£1.5bn).
Fri 08 Nov 2024 09:36
(Sharecast News) - UK watchdog the Competition and Markets Authority has called for a shake-up of the baby formula market in an effort to help parents struggling to afford it.
Fri 08 Nov 2024 09:24
(Sharecast News) - Analysts at Berenberg lowered their target price on Auto Trader from 880.0p to 830.0p on Friday, stating the group's "noisy" H1 had raised questions.
Fri 08 Nov 2024 09:20
(Sharecast News) - Thermal management and fluid handling systems manufacturer TI Fluid Systems said on Friday that the PUSU deadline for ABC Technologies' proposed takeover had been extended to 22 November.
Fri 08 Nov 2024 09:19
(Sharecast News) - Citi upgraded its stance on Great Portland Estates on Friday to 'buy' as it said it was the most attractive time to buy in the last decade.
Fri 08 Nov 2024 07:58
(Sharecast News) - Vistry tumbled on Thursday as it warned on full-year profits again, cutting its forecast for completions and highlighting issues at its South Division.
Fri 08 Nov 2024 07:51
(Sharecast News) - London-focused office owner and operator Workspace Group has disposed of another non-core asset with the sale of Raynes Park redevelopment site, the Rainbow Industrial Estate.
Fri 08 Nov 2024 07:35
(Sharecast News) - Public sector-focused outsourcing group Serco issued a double whammy of bad news for investors on Friday, revealing that it has not been reselected for it long-running Australian immigration detention centres contract, and estimating changes to employer national insurance contributions will increase labour costs by £20m a year.
Fri 08 Nov 2024 07:31
(Sharecast News) - IAG beat analysts' forecasts for topline growth in the third quarter and delivered strong guidance.
Fri 08 Nov 2024 07:19
(Sharecast News) - AstraZeneca has announced positive high-level results from a phase III for its Texspire treatment for nasal polyps.
Fri 08 Nov 2024 07:17
(Sharecast News) - Investment trust Scottish Mortgage revealed that it has lowered its stake in AI-darling Nvidia on Friday as it warned of unsustainable costs related to the technology's adoption.
Fri 08 Nov 2024 07:16
(Sharecast News) - Rightmove tweaked its full-year forecasts on Friday, but remained upbeat about the long-term prospects for the UK housing market.
Thu 07 Nov 2024 20:03
(Sharecast News) - Investment fund Oaktree Capital Management has written to Indivior urging the opioid addiction treatment maker to refresh its board with directors "committed to taking all steps necessary to improve shareholder value".
Thu 07 Nov 2024 19:00
(Sharecast News) - Boohoo hit back at Frasers Group on Thursday, accusing the retail company of promoting its own "self-interest" at the expense of other shareholders.
Thu 07 Nov 2024 14:29
(Sharecast News) - Warehouse-focused real estate investment trust Urban Logistics has delivered a solid set of results for its first half, during which it refinanced debt facilities and delivered an increase in both rental income and adjusted profits.
Thu 07 Nov 2024 14:23
(Sharecast News) - Investors' focus at the end of the week will be on the US consumer and any fresh news out around the incoming US administration's plans.
Thu 07 Nov 2024 12:45
(Sharecast News) - Telecommunications infrastructure firm Helios Towers lifted its full-year outlook on Thursday as it posted an uptick in third-quarter adjusted EBITDA.
Thu 07 Nov 2024 12:13
(Sharecast News) - Consumer credit firm NewDay Group - which is behind the Argos and John Lewis store cards - is reportedly kicking off preparations for a sale or stock market listing that could value it at more than £1.7bn.
Thu 07 Nov 2024 12:07
(Sharecast News) - Sub-prime lender Vanquis Banking Group reiterated its full-year financial guidance on Thursday as it said turnaround efforts were "progressing".
Thu 07 Nov 2024 11:53
(Sharecast News) - Oil and gas company Harbour Energy upwardly revised its annual hydrocarbon production target on Thursday to reflect the completion of its Wintershall Dea acquisition back in September.
Thu 07 Nov 2024 11:45
(Sharecast News) - Marketing firm S4 Capital warned on revenues on Thursday amid ongoing economic challenges.
Thu 07 Nov 2024 11:23
(Sharecast News) - Shares in CRH continued to climb on Thursday, as the building materials group shrugged off bad weather to post a jump in quarterly earnings.
Thu 07 Nov 2024 10:51
(Sharecast News) - Tate & Lyle posted a rise in first-half pre-tax profit on Thursday as it hailed a return to volume growth.
Thu 07 Nov 2024 10:42
(Sharecast News) - Trainline posted a surge in half-year profits and revenues on Thursday, after ticket sales across the UK and Europe steamed ahead.
Thu 07 Nov 2024 10:23
(Sharecast News) - Mobico said on Thursday that it was on track to meet profit guidance for the year amid continued growth in passenger demand.
Thu 07 Nov 2024 10:15
(Sharecast News) - Embattled utility provider Thames Water's class B bondholders have reportedly tabled a fully underwritten offer to provide £3.0bn of new debt.
Thu 07 Nov 2024 09:56
(Sharecast News) - Derwent London said it had benefited from solid demand for high-end office space in the third quarter, as it secured a number of new leases.
Thu 07 Nov 2024 09:41
(Sharecast News) - Property development and investment firm Hammerson has acquired another 50% stake in Southampton shopping centre Westquay for £135.0m, giving it a 100% interest in "a leading retail and leisure destination".
Thu 07 Nov 2024 09:35
(Sharecast News) - Wood Group shares were in freefall on Thursday as the oil services firm announced the launch of an independent review of its business that could lead to restatements and said third-quarter trading in its Projects segment was "disappointing".
Thu 07 Nov 2024 09:34
(Sharecast News) - Mining giant BHP confirmed on Thursday that the agreement entered into between Public Authorities in Brazil and Samarco Mineração, BHP Billiton Brasil and Vale Shad been ratified by the Supreme Court of Brazil on 6 November.
Thu 07 Nov 2024 09:17
(Sharecast News) - Howden Joinery Group warned annual profits would come in at the lower end of forecasts on Thursday, after "challenging" economic conditions and weak consumer spending dented sales.
Thu 07 Nov 2024 09:11
(Sharecast News) - Telecommunications giant BT downgraded its full-year revenue guidance on Thursday, pointing to both its non-UK operations and a "competitive retail environment" as the cause.
Thu 07 Nov 2024 08:48
(Sharecast News) - Engineering firm IMI said it remained on track to meet full-year targets on Thursday, following a "resilient" third quarter.
Thu 07 Nov 2024 08:30
(Sharecast News) - CAB Payments tumbled on Thursday after US payments company StoneX said it was not planning to make a takeover offer for the London-listed fintech firm.
Thu 07 Nov 2024 08:20
(Sharecast News) - Broadcaster ITV reported a drop in revenue for the first nine months of the year as its Studios arm was hit by the US actors' and writers' strike.
Thu 07 Nov 2024 08:19
(Sharecast News) - Hikma Pharmaceuticals reiterated its full-year outlook on Thursday on the back of strong trading across the business.
Thu 07 Nov 2024 08:09
(Sharecast News) - Hiscox reported a rise in written premiums for the first nine months of the year on Thursday as it hailed solid retail growth.
Thu 07 Nov 2024 08:07
(Sharecast News) - Utility giant National Grid said on Thursday that underlying profits had grown in the six months ended 30 September despite reporting a modest decline in revenue.
Thu 07 Nov 2024 08:00
(Sharecast News) - Wizz Air reported a drop in first-half profit on Thursday as the budget airline was hit by engine-related aircraft groundings.
Thu 07 Nov 2024 07:39
(Sharecast News) - Auto Trader has reported a solid increase in revenues and profits for the first half, but said the new car market remains challenging and gave a mixed outlook for used cars despite strong demand.
Thu 07 Nov 2024 07:23
(Sharecast News) - Engineering giant Rolls-Royce has reiterated its full-year guidance after a solid third-quarter performance, with demand remaining strong across civil aerospace, defence and power systems markets.
Thu 07 Nov 2024 07:19
(Sharecast News) - Taylor Wimpey backed its full-year outlook on Thursday as it said it saw steady signs of improvement in customer demand in the second half to date, as mortgage rates reduced and affordability improved.
Thu 07 Nov 2024 07:07
(Sharecast News) - UK supermarket chain Sainsbury's reported increasing momentum in its second quarter as it reiterated guidance for strong underlying profit growth this financial year, helped by improving grocery volumes and a stronger performance from Argos in the second half.
Wed 06 Nov 2024 14:58
(Sharecast News) - Deutsche Bank upgraded listed private equity firm 3i Group on Wednesday to 'buy' from 'hold'.
Wed 06 Nov 2024 12:51
(Sharecast News) - Frasers Group published an open letter on Wednesday in which it urged the board of Boohoo not to dispose of any assets without prior shareholder approval.
Wed 06 Nov 2024 11:22
(Sharecast News) - Shares in Ashtead Group soared on Wednesday, on hopes US revenues at the British firm would be boosted following the historic re-election of Donald Trump as president.
Wed 06 Nov 2024 10:41
(Sharecast News) - TBC Bank Group posted a robust set of third-quarter results on Wednesday, with net profit rising 15.6% year-on-year to GEL 347.26m (£98.21m), supported by solid income growth across segments.
Wed 06 Nov 2024 09:47
(Sharecast News) - Analysts at Berenberg downgraded medical equipment manufacturing company Smith & Nephew from 'buy' to 'hold' and lowered its target price on the stock from £14.50 to £10.50, stating the group's path to recovery was now "less clear".
Wed 06 Nov 2024 09:41
(Sharecast News) - Reinsurance business Conduit said on Wednesday that the industry had experienced "a significant level of natural catastrophe and large loss activity" in FY24, with activity across smaller and mid-size natural catastrophes and large risk events elevated in Q3.
Wed 06 Nov 2024 09:29
(Sharecast News) - YouGov reported a modestly positive performance for the financial year ended July on Wednesday, with revenue reaching £335.3m, a 30% year-on-year increase, slightly surpassing its August guidance.
Wed 06 Nov 2024 09:14
(Sharecast News) - Lancashire Holdings posted a 9% jump in premiums written on Wednesday as it announced a special dividend, sending shares in the insurer surging.
Wed 06 Nov 2024 08:41
(Sharecast News) - Lending and retail savings group OSB said on Wednesday that there had been signs of "a gradual return of confidence" across its core markets since 1 July.
Wed 06 Nov 2024 08:25
(Sharecast News) - Manufacturing and engineering business Senior named Alpna Amar as chief financial officer on Wednesday, with effect from May 2025.
Wed 06 Nov 2024 08:17
(Sharecast News) - Savings and retirement business Phoenix Group revealed on Wednesday that Nic Nicandrou had been appointed to the role of chief financial officer, with effect from 2 December.
Wed 06 Nov 2024 08:15
(Sharecast News) - Domino's Pizza posted a jump in third-quarter orders on Wednesday, underpinned by delivery orders.
Wed 06 Nov 2024 08:07
(Sharecast News) - Spirent Communications saw revenues tick higher in the third quarter, the telecoms testing specialist said on Wednesday, despite "challenging" market conditions.
Wed 06 Nov 2024 08:03
(Sharecast News) - Online electronics retailer AO World has received approval from the Financial Conduct Authority for its £10.0m cash takeover of MusicMagpie.
Wed 06 Nov 2024 08:00
(Sharecast News) - RBC Capital Markets upgraded Burberry on Wednesday to 'outperform' from 'sector perform' and hiked the price target to 900p from 650p.
Wed 06 Nov 2024 07:50
(Sharecast News) - Pub chain JD Wetherpoon said on Wednesday that it was "confident of a reasonable outcome for the year" as it reported record sales but highlighted rising costs.
Wed 06 Nov 2024 07:50
(Sharecast News) - Wise reported a strong first-half financial performance on Wednesday, with revenue up 19% to £591.9m, and underlying income reaching £662.4m.
Wed 06 Nov 2024 07:48
(Sharecast News) - Prudential reported an 11% increase in new business profit to $2.35bn for the first nine months of the year on Wednesday, buoyed by its multi-channel distribution strategy and strong geographic diversity.
Wed 06 Nov 2024 07:37
(Sharecast News) - Insurance group Beazley has reiterated its profitability guidance for the full year after a solid third quarter, as it estimated a hit of up to $175m from Hurricanes Helene and Milton.
Wed 06 Nov 2024 07:36
(Sharecast News) - Housebuilder Persimmon said it is on track to hit full-year targets for housing completions this year after an in-line third-quarter performance, with demand helped by improvements in customer sentiment as interest rates begin to reduce and affordability improves.
Wed 06 Nov 2024 07:20
(Sharecast News) - Marks & Spencer reported better-than-expected first-half profits on Wednesday as it said the food and clothing segments have now delivered market share growth for four consecutive years.
Tue 05 Nov 2024 17:19
(Sharecast News) - It's election time again in the United States and most observers and media are predicting that the vote counting in the presidential race could be a drawn out affair, possibly stretching out until the weekend, when not even further.
Tue 05 Nov 2024 17:18
(Sharecast News) - AstraZeneca said on Tuesday that it does not comment on speculative media reports, in response to a sharp drop in its share price.
Tue 05 Nov 2024 15:03
(Sharecast News) - Melrose Industries shot higher on Tuesday as Citi said it remains "high conviction" in the 'buy' case, given the trough multiple and the strong mid-term cash outlook.
Tue 05 Nov 2024 13:13
(Sharecast News) - NatWest Group has struck what is thought to be the UK's biggest-ever deal to outsource pension payments to a specialist insurance company.
Tue 05 Nov 2024 13:10
(Sharecast News) - Premier Inn owner Whitbread has reportedly kicked off the search for a successor to chairman Adam Crozier and is working with Russell Reynolds Associates.
Tue 05 Nov 2024 10:31
(Sharecast News) - UK water companies were on the rise on Tuesday as Citi and JPMorgan Cazenove struck a positive note on the outlook ahead of Ofwat's Final Determinations next month.
Tue 05 Nov 2024 09:50
(Sharecast News) - Hilton Food said on Tuesday that it traded in line with management expectations in the third quarter, as it hailed a continued strong performance across all three geographical operating regions.
Tue 05 Nov 2024 09:46
(Sharecast News) - International Workplace Group reported a 2% year-on-year revenue increase on a constant currency basis for the third quarter on Tuesday, alongside robust expansion in its managed and franchised segment, which achieved a 19% revenue rise.
Tue 05 Nov 2024 09:38
(Sharecast News) - Balfour Beatty announced on Tuesday that it has secured a $746m (£575m) contract from the Texas Department of Transportation to rebuild a section of Interstate 35 through Austin.
Tue 05 Nov 2024 09:31
(Sharecast News) - Smiths News announced a strong set of full year results on Tuedsay, surpassing market expectations.
Tue 05 Nov 2024 09:26
(Sharecast News) - TI Fluid Systems reported a 2.9% decline in revenue at constant currency for the first nine months of the year on Tuesday, citing reduced market volumes and economic headwinds in the third quarter, which alone saw a revenue drop of 5.9%.
Tue 05 Nov 2024 09:17
(Sharecast News) - The Competition and Markets Authority (CMA) provisionally indicated that the proposed merger between Vodafone and Three could move forward on Tuesday, if the companies implemented significant network investments and customer safeguards.
Tue 05 Nov 2024 08:57
(Sharecast News) - Morgan Advanced Materials reported a 3.8% rise in organic sales for the first nine months of 2024 on Tuesday, driven primarily by strong demand in its performance carbon segment, which saw a 12.6% increase.
Tue 05 Nov 2024 08:55
(Sharecast News) - RBC Capital Markets cut its price target on shares of Close Brothers on Tuesday to 425p from 435p and added a "speculative risk" qualifier to its rating as it assessed the impact of premium finance.
Tue 05 Nov 2024 08:18
(Sharecast News) - Interdealer broker TP ICAP reported record third-quarter revenue on Tuesday following strong performances in its Global Broking and Liquidnet businesses.
Tue 05 Nov 2024 08:04
(Sharecast News) - Weir Group reaffirmed its full-year guidance after reporting a robust third-quarter performance on Tuesday, citing increased demand in both greenfield and brownfield mining projects.
Tue 05 Nov 2024 07:53
(Sharecast News) - Primark owner Associated British Foods posted a 33% jump in full-year adjusted pre-tax profit on Tuesday, with revenue growth in both the retail and food businesses, as it announced a special dividend.
Tue 05 Nov 2024 07:24
(Sharecast News) - Online fashion retailer Asos reported a widening of its full-year losses on Tuesday as revenue slumped but insisted that things were looking up after two years implementing its transformation plan.
Tue 05 Nov 2024 07:18
(Sharecast News) - Schroders reported a record high in assets under management on Tuesday, reaching £777.4bn as of 30 September, although large third-quarter outflows took the shine off the news.
Mon 04 Nov 2024 12:39
(Sharecast News) - Birmingham-based engineer IMI said on Monday that it has appointed Luke Grant as chief financial officer and executive director with effect from 25 July 2025.
Mon 04 Nov 2024 12:34
(Sharecast News) - A coalition of Thames Water's creditors was reported to be seeking additional investors to support a £1.5bn rescue fund on Monday, aimed at stabilising the troubled water utility and sustaining its operations through to next October.
Mon 04 Nov 2024 12:22
(Sharecast News) - Former Conservative chancellor Nadhim Zahawi is actively engaged in efforts to support a £550m takeover of the Daily and Sunday Telegraph led by Dovid Efune, a New York-based media investor and current proprietor of the New York Sun, it was reported on Monday.
Mon 04 Nov 2024 11:58
(Sharecast News) - Croma Security Solutions Group reported solid financial results for the year ended 30 June on Monday, with group revenue rising 8.9% to £8.74m, after the first full year under its new strategic direction.
Mon 04 Nov 2024 11:53
(Sharecast News) - Zotefoams reported a robust trading performance for the first nine months of the year on Monday, with year-to-date sales ahead 23% at £110.7m, compared to the same period last year.
Mon 04 Nov 2024 11:47
(Sharecast News) - PRS REIT announced the appointment of Singer Capital Markets Advisory as its financial adviser for a strategic review and formal sale process on Monday, following its initial announcement on 23 October.
Mon 04 Nov 2024 11:46
(Sharecast News) - Sainsbury's announced itself as the first major UK supermarket to match Aldi prices in its convenience stores on Monday, committing a £1bn price investment over the holiday season.
Mon 04 Nov 2024 11:35
(Sharecast News) - Canaccord Genuity downgraded Fresnillo on Monday to 'hold' from 'buy' as it pointed to a strong run over the past three to six months.
Mon 04 Nov 2024 09:13
(Sharecast News) - Analysts at RBC Capital Markets downgraded 3i Group from 'outperform' to 'sector perform' on Monday, citing valuation grounds.
Mon 04 Nov 2024 09:07
(Sharecast News) - Jefferies has slashed its target price for medical devices maker Smith & Nephew from 1,400p to 1,250p after challenges in China weighed heavily on third-quarter results.
Mon 04 Nov 2024 08:57
(Sharecast News) - Burberry shares shot higher on Monday after online fashion publication Miss Tweed suggested over the weekend that Italy's Moncler could be considering a bid for the luxury fashion brand.
Mon 04 Nov 2024 08:06
(Sharecast News) - RBC Capital Markets upgraded Frasers Group on Monday to 'outperform' from 'sector perform' with a 'speculative risk' qualifier.
Mon 04 Nov 2024 07:55
(Sharecast News) - Wizz Air reported a 4.1% jump in passenger numbers for October on Monday, and an uptick in the load factor.
Mon 04 Nov 2024 07:34
(Sharecast News) - American upstream oil explorer Kosmos Energy has held on to its full-year production guidance after a solid third quarter, though revenues and profits for the period were significantly lower than last year as oil prices slumped.
Mon 04 Nov 2024 07:28
(Sharecast News) - Ryanair cut its full-year traffic forecast on Monday and reported a drop in first-half profits, as it took a hit from lower fares and Boeing delays.
Mon 04 Nov 2024 07:19
(Sharecast News) - Chemring Group announced two major contract wins valued at a combined £278m on Monday, through its subsidiaries Chemring Nobel in Norway and Chemring Energetic Devices (CED) in the United States.
Mon 04 Nov 2024 07:04
(Sharecast News) - Anglo American has announced the A$1.6bn (£0.8bn) sale of a stake in the Jellinbah joint venture in Australia as part of its strategy to exit the steelmaking coal industry.
Fri 01 Nov 2024 16:35
(Sharecast News) - UK financial watchdog the Financial Conduct Authority warned Odey Asset Management founder Crispin Odey on Friday that it intends to take action against the disgraced hedge fund boss.
Fri 01 Nov 2024 15:31
(Sharecast News) - Ryanair said on Friday that it could cut up to 10% of its scheduled flights to and from UK airports next year, as it criticised the government's decision to increase the tax on airline tickets in the Budget.
Fri 01 Nov 2024 09:47
(Sharecast News) - Secure Trust Bank reported continued growth in new business volumes and net lending in an update on Friday, although challenges in its vehicle finance segment led to a downgrade in its underlying profit expectations.
Fri 01 Nov 2024 09:40
(Sharecast News) - Helical announced on Friday that it has completed the sale of its 50% interest in the JJ Mack Building, London EC1, to joint venture partner AshbyCapital for £71.4m.
Fri 01 Nov 2024 09:40
(Sharecast News) - Helical announced on Friday that it has completed the sale of its 50% interest in the JJ Mack Building, London EC1, to joint venture partner AshbyCapital for £71.4m.
Fri 01 Nov 2024 09:36
(Sharecast News) - BNP Paribas Exane upgraded Schroders on Friday to 'outperform' from 'neutral' ahead of third-quarter results next week, as it pointed to improving momentum and an attractive valuation.
Fri 01 Nov 2024 09:30
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on shipbroking services business Braemar from 410.0p to 380.0p on Friday following the recently announced increase to the UK Employers National Insurance rate.
Fri 01 Nov 2024 09:10
(Sharecast News) - RBC Capital Markets initiated coverage of Warpaint on Friday with an 'outperform' rating and 685p price target.
Fri 01 Nov 2024 08:51
(Sharecast News) - Residential Secure Income announced changes to its asset management arrangements on Friday, following the launch of a new partnership between Gresham House and Thriving Investments.
Fri 01 Nov 2024 08:03
(Sharecast News) - Value-added components supplier Solid State has acquired Q-Par Antennas USA for a maximum consideration of up to $2.0m.
Fri 01 Nov 2024 07:43
(Sharecast News) - Consumer health products group Abbott and Reckitt have been cleared of liability in a trial investigating whether they hid bowel disease risks associated with premature-baby formula.
Fri 01 Nov 2024 07:23
(Sharecast News) - Berenberg started coverage of Morgan Sindall on Friday with a 'buy' rating and 4,500p price target.
Fri 01 Nov 2024 07:17
(Sharecast News) - CMC Markets announced a strategic partnership with New Zealand bank ASB on Friday, marking a significant expansion into the Australia-New Zealand region.
Thu 31 Oct 2024 15:17
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on business-to-business technology firm Nexteq from 200.0p to 110.0p on Friday, citing short-term headwinds.
Thu 31 Oct 2024 14:34
(Sharecast News) - Reaction Engines has reportedly crashed into administration after weeks of talks with potential backers failed to result in a rescue deal.
Thu 31 Oct 2024 14:20
(Sharecast News) - RBC Capital Markets has cut target prices for a number of UK-listed banks after this week's landmark ruling on motor finance commissions, saying that the news brings about an increased level of uncertainty and potential downside for lenders.
Thu 31 Oct 2024 12:02
(Sharecast News) - Engineering firm IMI said on Thursday that it has bought Rotterdam-based TWTG, "a leader" in smart connected asset monitoring solutions for process industries, for €25m (£21m) in cash.
Thu 31 Oct 2024 10:59
(Sharecast News) - VH Global Sustainable Energy Opportunities (GSEO) announced on Thursday that the construction and commissioning of two hybrid solar and battery storage systems in New South Wales, Australia had been completed.
Thu 31 Oct 2024 10:53
(Sharecast News) - Augmentum Fintech announced on Thursday that nCino, a Nasdaq-listed digital banking platform, had agreed to acquire FullCircl, a regulatory technology (RegTech) platform in which it holds an interest.
Thu 31 Oct 2024 10:43
(Sharecast News) - Custodian Property Income announced the sale of a vacant office unit in Solihull for £1.4m on Thursday, achieving a 33% premium over its valuation as of 30 June.
Thu 31 Oct 2024 09:55
(Sharecast News) - Coca-Cola HBC reported strong organic revenue growth of 13.9% in its third quarter on Thursday, fuelled by focused execution throughout the summer period.
Thu 31 Oct 2024 09:34
(Sharecast News) - Precision instrumentation and controls group Spectris warned on Thursday that the recovery it had anticipated at the time of its H1 results was "taking longer to materialise".
Thu 31 Oct 2024 08:43
(Sharecast News) - Kainos tumbled on Thursday as the IT services company said full-year revenues would be "moderately below" current market consensus, with the majority of the reduction flowing through to adjusted pre-tax profit.
Thu 31 Oct 2024 08:08
(Sharecast News) - Vodafone announced on Thursday that its Vodafone Romania subsidiary and Digi Romania have signed a memorandum of understanding (MoU) with the Hellenic Telecommunications Organization (OTE) concerning a potential acquisition of parts of Telekom Romania Mobile.
Thu 31 Oct 2024 07:43
(Sharecast News) - Sainsbury's said on Thursday that it has agreed to sell the Argos Financial Services (AFS) cards portfolio to NewDay Group for £720m.
Thu 31 Oct 2024 07:38
(Sharecast News) - Shares in Smith & Nephew tumbled on Thursday, after the medical devices firm slashed its full-year sales guidance on weaker-than-expected sales in China.
Thu 31 Oct 2024 07:37
(Sharecast News) - BHP Group has issued a statement to clarify that it has not officially walked away from its pursuit of Anglo American after comments made by the miner's chairman at this week's annual general meeting.
Thu 31 Oct 2024 07:19
(Sharecast News) - Online grocery tech provider Ocado Group has confirmed speculation that it is appointing former Microsoft exec Adam Warby to replace chair Rick Haythornthwaite, who announced his resignation six months ago.
Thu 31 Oct 2024 07:14
(Sharecast News) - Manufacturing activity in China expanded in October for the first time since April, according to figures released on Thursday by the National Bureau of Statistics.
Thu 31 Oct 2024 07:04
(Sharecast News) - Haleon reported organic revenue growth of 6.1% for the third quarter on Thursday, driven by balanced increases in both price and volume/mix at 3.3% and 2.8% respectively, though reported revenue declined by 0.6% due to currency impacts.
Thu 31 Oct 2024 07:02
(Sharecast News) - Energy major Shell posted a dip in third-quarter profits on Thursday, weighed down by lower oil prices, although the decline was less steep than feared.
Wed 30 Oct 2024 14:37
(Sharecast News) - Building materials distributor and retailer Grafton Group announced on Wednesday that it had completed the acquisition of Salvador Escoda, one of Spain's biggest HVAC distributors, for a maximum consideration of €132m.
Wed 30 Oct 2024 13:37
(Sharecast News) - Drugmaker AstraZeneca revealed on Wednesday that Leon Wang, the president of AstraZeneca China, was under investigation by Chinese authorities.
Wed 30 Oct 2024 12:10
(Sharecast News) - Diversified Energy announced on Wednesday that it has completed the acquisition of operated natural gas assets in eastern Texas for a gross purchase price of $69m.
Wed 30 Oct 2024 12:06
(Sharecast News) - Analysts at Berenberg lowered their target price on specialty chemicals business Elementis from 190.0p to 170.0p on Wednesday after the group's Q3 results a day earlier.
Wed 30 Oct 2024 11:02
(Sharecast News) - Campari shares tumbled on Wednesday after the Italian drinks maker reported a drop in third-quarter profits.
Wed 30 Oct 2024 10:50
(Sharecast News) - IG Group said on Wednesday that it has appointed Clifford Abrahams as chief financial officer and as an executive director.
Wed 30 Oct 2024 10:02
(Sharecast News) - Secure payments and customer engagement software provider Eckoh announced on Wednesday that it has agreed to be acquired by Eagle UK Bidco - an indirect subsidiary of funds managed by Bridgepoint Advisers II.
Wed 30 Oct 2024 09:37
(Sharecast News) - The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday.
Wed 30 Oct 2024 08:59
(Sharecast News) - Shares in BAE Systems were in the red on Wednesday morning, as emergency services dealt with a fire at its Barrow-in-Furness nuclear submarine shipyard, briefly hospitalising two people and leading to the evacuation of the facility's main building, Devonshire Dock Hall.
Wed 30 Oct 2024 08:58
(Sharecast News) - Jefferies initiated coverage on a raft of European airline stocks on Wednesday as it argued that the market is overstating the risks.
Wed 30 Oct 2024 08:52
(Sharecast News) - Glencore reported a mixed production performance for the first three quarters of the year on Wednesday, with copper, cobalt, zinc, and nickel output generally lower year-on-year, while steelmaking coal saw a significant increase.
Wed 30 Oct 2024 08:39
(Sharecast News) - Citi downgraded its stance on alternative asset fund management group Bridgepoint on Wednesday to 'neutral' as it said there are limited near-term catalysts and the shares are up 80% over the past year.
Wed 30 Oct 2024 08:27
(Sharecast News) - Molten Ventures announced a stable portfolio performance for its first half on Wednesday, tempered by currency headwinds and shifting leadership.
Wed 30 Oct 2024 08:21
(Sharecast News) - Hochschild Mining said on Wednesday that its subsidiary, Amarillo Mineração, had exercised the right buy the Monte Do Carmo Project in Brazil from Cerrado Gold for $60m.
Wed 30 Oct 2024 08:03
(Sharecast News) - Fintech firm CAB Payments said on Wednesday that it is still in talks with US payments firm StoneX about a possible takeover, as it updated on its third-quarter performance.
Wed 30 Oct 2024 07:19
(Sharecast News) - GSK reported a mixed third-quarter performance on Wednesday, with a notable boost from specialty medicines helping to offset weaker sales in vaccines.
Wed 30 Oct 2024 07:17
(Sharecast News) - Standard Chartered lifted its full-year guidance on Wednesday, after a record performance in its wealth division helped third-quarter profits beat expectations.
Wed 30 Oct 2024 07:17
(Sharecast News) - Aston Martin Lagonda backed its full-year outlook on Wednesday as it reported a smaller-than-expected third-quarter loss.
Wed 30 Oct 2024 07:01
(Sharecast News) - Next lifted its guidance for both the crucial fourth quarter and the full year on Wednesday, after the recent cold snap caused sales to surge.
Tue 29 Oct 2024 16:17
(Sharecast News) - All eyes on Wednesday will be on the UK budget announcement.
Tue 29 Oct 2024 15:52
(Sharecast News) - The "explainer" released by Melrose Industries on Monday about its 19 Risk and Revenue Sharing Partnerships (RRSPs) is a "positive development," Citi said in a research note.
Tue 29 Oct 2024 15:49
(Sharecast News) - Analysts at Berenberg lowered their target price on RWS Holdings from 380.0p to 330.0p on Tuesday following the group's FY24 trading update.
Tue 29 Oct 2024 15:27
(Sharecast News) - Jefferies downgraded its stance on TI Fluid Systems on Tuesday to 'hold' from 'buy' following the takeover proposal from ABC Technologies.
Tue 29 Oct 2024 11:56
(Sharecast News) - More than 1,000 Ford workers will go on strike on Wednesday in a long-running dispute over pay and contract changes.
Tue 29 Oct 2024 09:16
(Sharecast News) - Property development and investment firm Great Portland Estates has acquired 19/23 Wells Street in Fitzrovia from British Land for £19.0m.
Tue 29 Oct 2024 09:02
(Sharecast News) - Ultimate Products reported a 'resilient' financial performance for the year ended 31 July on Tuesday, in line with market expectations despite challenging conditions.
Tue 29 Oct 2024 08:16
(Sharecast News) - Foxtons said on Tuesday that it has bought two commuter town estate agents - Haslams and Imagine - for £12.6m.
Tue 29 Oct 2024 08:14
(Sharecast News) - C&C Group said it remained on track to meet full-year expectations on Tuesday, despite washout summer weather hitting trading.
Tue 29 Oct 2024 08:02
(Sharecast News) - Speciality chemicals business Elementis said on Tuesday that it had delivered an "improved performance" in Q3, with revenue up 2% year-on-year.
Tue 29 Oct 2024 07:55
(Sharecast News) - German consumer sentiment is expected to improve in November, according to a survey released on Tuesday by GfK and the Nuremberg Institute for Market Decisions (NIM).
Tue 29 Oct 2024 07:41
(Sharecast News) - Educational publisher Pearson reiterated its full-year outlook on Tuesday, after an uptick in quarterly sales.
Tue 29 Oct 2024 07:27
(Sharecast News) - HSBC announced another $3bn share buyback on Tuesday as it posted better-than-expected third-quarter profits, underpinned by solid performances from the wealth and investment banking units.
Tue 29 Oct 2024 07:16
(Sharecast News) - Hargreaves Lansdown reported a positive quarter for the three months ended 30 September on Tuesday, with assets under administration (AuA) reaching £157.3bn.
Tue 29 Oct 2024 07:02
(Sharecast News) - BP posted a slide in quarterly profits on Tuesday, hit by weaker refining margins, although the decline was not as steep as feared.
Mon 28 Oct 2024 17:18
(Sharecast News) - Berenberg reiterated their 'hold' rating and 1,600.0p target price on software firm Softcat on Monday, stating the group's "impressive performance" had continued.
Mon 28 Oct 2024 15:04
(Sharecast News) - Melrose Industries surged on Monday after it released a document explaining the accounting around its 19 Risk and Revenue Sharing Partnerships (RRSPs) and said the portfolio was "well positioned" to generate significant returns for investors in the coming decades.
Mon 28 Oct 2024 11:14
(Sharecast News) - Boeing said on Monday that it had launched a $19bn share sale as it looks to bolster its finances.
Mon 28 Oct 2024 09:59
(Sharecast News) - UK watchdog the Financial Conduct Authority has slapped Wise chief executive Kristo Kaarman with a £350,000 fine to settle an investigation into regulatory disclosures related to his personal tax matters.
Mon 28 Oct 2024 09:52
(Sharecast News) - Shore Capital has reiterated its 'buy' rating for Trainline after the bookings platform upgraded its full-year guidance on Monday, predicting significant upside for the stock from current levels.
Mon 28 Oct 2024 09:32
(Sharecast News) - BioVentix, a UK-based developer of high-affinity monoclonal antibodies for clinical diagnostics, reported a 6% improvement in full-year revenue on Monday, to £13.6m, up from £12.82m in the prior year.
Mon 28 Oct 2024 08:44
(Sharecast News) - Good Energy surged on Monday as the renewable electricity and energy services provider said it was considering a takeover proposal from Dubai's Esyasoft.
Mon 28 Oct 2024 08:22
(Sharecast News) - Gulf Marine Services, a provider of self-propelled, self-elevating support vessels for the offshore oil, gas, and renewables sectors, revised its adjusted EBITDA guidance on Monday after reporting solid growth through the third quarter.
Mon 28 Oct 2024 08:06
(Sharecast News) - Building materials distributor Lords Group said on Monday that it has acquired a majority stake in Bicester-based business Ultimate Renewables.
Mon 28 Oct 2024 07:55
(Sharecast News) - Computacenter downgraded its full-year profit guidance on Monday after a softer-than-expected end to the third quarter.
Mon 28 Oct 2024 07:42
(Sharecast News) - Healthcare-focused property investor Assura is to apply for a secondary listing on the Johannesburg Stock Exchange, which it believes will be beneficial to the company and its shareholders.
Mon 28 Oct 2024 07:37
(Sharecast News) - BT Group is reportedly working with investment bankers on a possible sale of its Radianz unit as part of chief executive Allison Kirkby's plan to simplify the UK telecoms group.
Mon 28 Oct 2024 07:25
(Sharecast News) - Online CFD trading platform Plus500 said it benefited from continued investments to attract new customers in the third quarter, as it reported a double-digit increase in revenue, though falling margins kept a lid on profit growth.
Mon 28 Oct 2024 07:16
(Sharecast News) - Lloyds Banking Group updated the market on recent Court of Appeal rulings concerning motor commission arrangements on Monday, which set a new standard for motor dealers acting as credit brokers, requiring them to disclose commissions paid by lenders more comprehensively to customers.
Mon 28 Oct 2024 07:10
(Sharecast News) - Train and coach bookings platform Trainline has raised its full-year guidance for top-line growth and margin expansion following a strong first half.
Fri 25 Oct 2024 12:12
(Sharecast News) - Close Brothers tumbled on Friday after the Court of Appeal ruled in favour of British consumers that motor dealers acting as credit brokers owe a fiduciary duty to their customers.
Fri 25 Oct 2024 11:07
(Sharecast News) - Paper and packaging group Mondi said on Friday that it has decided to permanently close its Stambolijski mill in Bulgaria following the fire there last month.
Fri 25 Oct 2024 09:46
(Sharecast News) - Citi downgraded SSE on Friday to 'sell' as it cited concerns about the deployment of its offshore wind fleet.
Fri 25 Oct 2024 09:30
(Sharecast News) - Analysts at Berenberg raised their target price on bookmaker Flutter Entertainment from 18,800.0p to 20,300.0p on Friday as it updated its estimates for the group's mid-term targets.
Fri 25 Oct 2024 09:24
(Sharecast News) - Airtel Africa slumped on Friday as it posted a decline in first-half profit and revenues.
Fri 25 Oct 2024 08:53
(Sharecast News) - Thames Water secured a critical £3bn loan on Friday, to sustain operations through to October next year.
Fri 25 Oct 2024 08:45
(Sharecast News) - Currency and asset manager Record said on Friday that assets under management had grown in the three months ended 30 September.
Fri 25 Oct 2024 07:59
(Sharecast News) - Ground engineering contractor Van Elle's Canadian rail subsidiary has been awarded two "strategically important contracts" by ONxpress.
Fri 25 Oct 2024 07:43
(Sharecast News) - Fast fashion brand Boohoo has hit back at part-owner Frasers Group over its demands to urgently replace its outgoing chief executive with boss Mike Ashley, suggesting that any such appointment could be a conflict of interest.
Fri 25 Oct 2024 07:19
(Sharecast News) - NatWest has raised its full-year income forecasts after a strong third quarter, in which profits jumped by 35.3% on last year.
Fri 25 Oct 2024 07:16
(Sharecast News) - FirstGroup announced the acquisition of Lakeside Group on Friday, a bus and coach operator based in Shropshire and Cheshire.
Fri 25 Oct 2024 07:08
(Sharecast News) - Publishing and education group Wilmington announced the acquisition of Phoenix Health & Safety Consultancy, expanding its operations in the health, safety and environmental (HSE) training market.
Thu 24 Oct 2024 14:12
(Sharecast News) - A group of Thames Water creditors have reportedly proposed an alternative liquidity package of up to £3bn to give the British utility more time to seek a restructuring of its debt.
Thu 24 Oct 2024 13:44
(Sharecast News) - Investors' focus on Friday will continue to be on the US.
Thu 24 Oct 2024 13:37
(Sharecast News) - Jefferies initiated coverage of Quilter on Thursday with a 'buy' rating an 175p price target as it said catalysts were coming.
Thu 24 Oct 2024 12:41
(Sharecast News) - Sports health business Applied Nutrition - which is backed by JD Sports - said on Thursday that it has been valued at around £350m in its stock market debut.
Thu 24 Oct 2024 11:50
(Sharecast News) - Greencoat UK Wind updated the market on its third quarter on Thursday, reporting that as of 30 September, its unaudited net asset value stood at £3.6bn, or 158.6p per share.
Thu 24 Oct 2024 10:34
(Sharecast News) - Renault Group reported a 1.8% rise in third-quarter revenue on Thursday, to €10.7bn, surpassing analyst forecasts, driven by strong demand for new models like the Symbioz and Dacia Duster hybrid SUV.
Thu 24 Oct 2024 10:12
(Sharecast News) - Foxtons Group reported its third consecutive quarter of revenue growth on Thursday, with third-quarter revenue up 8% to £47.4m, compared to £43.9m in the same period of 2023.
Thu 24 Oct 2024 09:53
(Sharecast News) - International Personal Finance reported a strong third-quarter financial performance on Thursday, supporting its full-year profit before tax (PBT) guidance issued at its interim results.
Thu 24 Oct 2024 09:51
(Sharecast News) - Essential components manufacturer Essentra said on Thursday that FY24 adjusted operating profits would be in line with market expectations.
Thu 24 Oct 2024 09:47
(Sharecast News) - WAG Payment Solutions, trading as Eurowag, reported a strong financial performance for the first nine months of the year on Thursday, with total net revenue growing 17.4% to €215.7m.
Thu 24 Oct 2024 09:38
(Sharecast News) - Assura announced the disposal of 12 assets for £25m on Thursday, in line with book value, to contribute to a partial repayment of its revolving credit facility.
Thu 24 Oct 2024 09:37
(Sharecast News) - Distribution and outsourcing firm Bunzl said on Thursday that group revenue had grown in Q3, leading it to reiterate its FY guidance.
Thu 24 Oct 2024 09:29
(Sharecast News) - London Stock Exchange Group reported a robust third quarter on Thursday, with total income excluding recoveries rising 9.5% on a constant currency basis and 8.7% organically.
Thu 24 Oct 2024 09:27
(Sharecast News) - Berenberg started coverage of capital asset manager International Capital Group at 'buy' on Thursday with a 2,600p price target.
Thu 24 Oct 2024 09:24
(Sharecast News) - Abrdn shares were sliding on Thursday morning, after it said in an update that it continued to experience outflows in its investments and adviser divisions in the third quarter, despite efforts to address the challenges.
Thu 24 Oct 2024 09:23
(Sharecast News) - Automotive distributor Inchcape said on Thursday that it continues to expect "moderated growth" in FY24 but warned that its results would be impacted by translational foreign exchange headwinds during H2, including the devaluation of the Ethiopian Birr.
Thu 24 Oct 2024 09:04
(Sharecast News) - London-listed IT infrastructure services provider Softcat impressed investors with its annual results on Thursday as the company revealed a special dividend payment following strong cash generation in the year to 31 July.
Thu 24 Oct 2024 08:52
(Sharecast News) - Hikma Pharmaceuticals updated the market over the significant opposition to a resolution at its annual general meeting on Thursday.
Thu 24 Oct 2024 08:51
(Sharecast News) - Outsourcing and energy services firm Mitie Group has acquired British engineering-led fire systems business Argus Fire for a total consideration of £38.0m, funded from existing resources.
Thu 24 Oct 2024 08:43
(Sharecast News) - Drugmaker GSK said on Thursday that new data for its respiratory syncytial virus vaccine showed potential to help protect a broader group of adults at increased risk for RSV disease.
Thu 24 Oct 2024 08:32
(Sharecast News) - Bloomsbury Publishing surged on Thursday as it upgraded its full-year expectations following record first-half profit and revenue.
Thu 24 Oct 2024 08:22
(Sharecast News) - Addiction treatment specialist Indivior reported a strong third-quarter performance on Thursday, with total net revenue increasing 13% to $307m compared to the same period last year, after it recently updated its full-year guidance.
Thu 24 Oct 2024 08:22
(Sharecast News) - Manufacturing technologies business Renishaw said on Thursday that it had delivered "solid revenue and profit growth" in Q1 despite trading conditions being "mixed".
Thu 24 Oct 2024 08:06
(Sharecast News) - Shares in Anglo American rose strongly on Thursday after the diversified mining giant raised platinum and nickel production guidance following a steady third quarter.
Thu 24 Oct 2024 07:48
(Sharecast News) - High street conglomerate Frasers Group has urged part-owned fast fashion brand Boohoo to appoint retail tycoon Mike Ashley as its chief executive, the company said on Thursday.
Thu 24 Oct 2024 07:47
(Sharecast News) - Consumer goods giant Unilever reported a jump in third-quarter underlying sales on Thursday, underpinned by its power brands.
Thu 24 Oct 2024 07:23
(Sharecast News) - Homeware retailer Dunelm reported a rise in third-quarter sales on Thursday, driven by volume.
Thu 24 Oct 2024 07:23
(Sharecast News) - Barclays has nudged up its net interest income guidance for the full year after a solid third quarter, with the bank on track to deliver on its short and medium-term financial metrics.
Thu 24 Oct 2024 07:19
(Sharecast News) - Travis Perkins revised its operating profit guidance on Thursday, after reporting a 5.7% decline in third-quarter group revenue thanks to weakness in its merchanting segment.
Wed 23 Oct 2024 16:04
(Sharecast News) - Investors' focus on Thursday will be on a raft of purchasing manager survey results due out in the UK, euro area US.
Wed 23 Oct 2024 14:27
(Sharecast News) - Mike Ashley's Frasers Group said on Wednesday that it was abandoning its pursuit of luxury handbag maker Mulberry.
Wed 23 Oct 2024 13:51
(Sharecast News) - PRS Reit said on Wednesday that it was launching a strategic review that could lead to it putting itself up for sale as it looks to enhance value for shareholders.
Wed 23 Oct 2024 13:38
(Sharecast News) - Boeing reported a significant widening of its losses in the third quarter on Wednesday, driven by a combination of work stoppages, higher costs, and programme charges.
Wed 23 Oct 2024 12:06
(Sharecast News) - Cordel Group announced on Wednesday that Network Rail has granted approval for the use of its AI-powered technology to measure overhead line equipment (OLE) on electrified railway lines.
Wed 23 Oct 2024 11:33
(Sharecast News) - Davy downgraded its stance on Volution on Wednesday to 'neutral' from 'outperform'.
Wed 23 Oct 2024 09:25
(Sharecast News) - The Competition and Markets Authority said on Wednesday that it was launching a formal probe into Carlsberg's £3.3bn acquisition of Britvic.
Wed 23 Oct 2024 08:31
(Sharecast News) - Gem Diamonds reported a solid third quarter operational and sales performance on Wednesday, achieving higher sales volumes and revenue compared to the prior quarter.
Wed 23 Oct 2024 08:24
(Sharecast News) - Diversified Energy Company announced a new natural gas supply contract with a major Gulf Coast liquefied natural gas (LNG) facility on Wednesday.
Wed 23 Oct 2024 08:12
(Sharecast News) - Jefferies upgraded both Ibstock and Forterra on Wednesday to 'buy' from 'hold' "given the current compelling demand-supply dynamic in the UK brick sector".
Wed 23 Oct 2024 08:09
(Sharecast News) - Alpha Group International updated the market on its client balances and interest rates for the third quarter on Wednesday, which contribute to its net treasury income from client funds.
Wed 23 Oct 2024 08:09
(Sharecast News) - Alpha Group International updated the market on its client balances and interest rates for the third quarter on Wednesday, which contribute to its net treasury income from client funds.
Wed 23 Oct 2024 08:06
(Sharecast News) - British Land said on Wednesday that it has appointed David Walker as its new chief financial officer, following "a comprehensive search and review of internal and external candidates".
Wed 23 Oct 2024 07:52
(Sharecast News) - Advertising giant WPP said on Wednesday that it returned to growth in the third quarter, as it reiterated its outlook for the year.
Wed 23 Oct 2024 07:42
(Sharecast News) - Precious metals miner Hochschild Mining has maintained its full-year production guidance after reporting its strongest third quarter in nearly five years.
Wed 23 Oct 2024 07:22
(Sharecast News) - Barratt Redrow highlighted "more stable" market conditions on Wednesday, as it said integration of the two businesses has begun "at pace" and that it expects to deliver cost synergies of at least £90m.
Wed 23 Oct 2024 07:21
(Sharecast News) - Lloyds has reported a slight decline in statutory profits over the third quarter but still managed to beat consensus forecasts, as the banking group reiterated guidance for the full year.
Wed 23 Oct 2024 07:17
(Sharecast News) - Reckitt Benckiser reported marginal like-for-like net revenue growth of 0.4% for the first three quarters of 2024 on Wednesday, though it faced a slight decline of 0.5% in the third quarter.
Wed 23 Oct 2024 07:09
(Sharecast News) - Mexico-focused precious metals miner Fresnillo has left full-year production guidance unchanged after a solid third-quarter output performance.
Tue 22 Oct 2024 17:06
(Sharecast News) - Analysts at HSBC raised their target price on construction firm Morgan Sindall from 2,930.0p to 3,615.0p on Tuesday following the group's trading update.
Tue 22 Oct 2024 12:51
(Sharecast News) - Genus said on Tuesday that chief financial officer Alison Henriksen plans to retire after five years with the animal genetics company.
Tue 22 Oct 2024 12:42
(Sharecast News) - In the absence of any major economic data, all eyes will be on the central banks on Wednesday as a number of key events are set to dominate headlines.
Tue 22 Oct 2024 12:30
(Sharecast News) - Barclays has reportedly re-entered talks about a heavily structured deal to offload a stake in a major division of its British operations to asset management firm Brookfield.
Tue 22 Oct 2024 12:02
(Sharecast News) - Electronic and electromechanical components and systems specialist LPA Group announced the appointment of Philo Daniel-Tran as its new chief executive officer on Tuesday.
Tue 22 Oct 2024 10:30
(Sharecast News) - Alphawave IP reported a robust third-quarter performance on Tuesday, marking the fourth consecutive quarter with bookings exceeding $100m.
Tue 22 Oct 2024 10:27
(Sharecast News) - Analysts at Berenberg hiked their target price on utilities giant SSE from 2,100.0p to 2,300.0p on Tuesday, stating the group's quasi-regulated business mix had served it well through the energy market turmoil of recent years.
Tue 22 Oct 2024 10:26
(Sharecast News) - Shares in Sabre Insurance fell sharply on Tuesday after UK motor insurance underwriting firm warned of a "slight softening" in pricing this year, despite the company remaining on track for record premium income.
Tue 22 Oct 2024 09:25
(Sharecast News) - Halfords reported a small dip in sales on Tuesday as it said consumers remained cautious ahead of the Budget.
Tue 22 Oct 2024 09:18
(Sharecast News) - Construction firm Morgan Sindall said on Tuesday that full-year profits would now be "significantly ahead" of previous expectations.
Tue 22 Oct 2024 08:24
(Sharecast News) - Mulberry rejected a second takeover proposal from Mike Ashley's Frasers Group on Tuesday, saying it was "untenable".
Tue 22 Oct 2024 08:11
(Sharecast News) - HSBC announced the appointment of its new chief financial officer on Tuesday, as well as a number of key structural changes aimed at enhancing strategic execution and leadership.
Tue 22 Oct 2024 08:02
(Sharecast News) - Home improvement retailer Wickes said on Tuesday that its full-year profit outlook remains unchanged following stronger sales and volume growth in its retail unit.
Tue 22 Oct 2024 07:56
(Sharecast News) - InterContinental Hotels Group reported a jump in third-quarter room revenue on Tuesday, as good business demand and strength in the US and EMEAA helped to offset a weaker performance in China.
Tue 22 Oct 2024 07:25
(Sharecast News) - Human capital and business improvement specialist Mind Gym reported a mixed first-half performance on Tuesday, in line with expectations as it continued its strategic transformation.
Tue 22 Oct 2024 07:17
(Sharecast News) - Shares in Hunting were sliding on Tuesday morning, after the company announced it was trimming its full-year guidance amid falling oil prices.
Mon 21 Oct 2024 17:25
(Sharecast News) - International Distribution Services - the parent company of Royal Mail - said on Monday that subsidiary GLS has agreed to buy a 20% stake in Greek courier firm ACS Postal Services from Quest Holdings for €74m (£62m).
Mon 21 Oct 2024 13:37
(Sharecast News) - A former Microsoft executive is reportedly being lined up as the next chairman of Ocado Group.
Mon 21 Oct 2024 12:49
(Sharecast News) - Infection prevention products manufacturer Tristel announced its audited results for the year ended 30 June on Monday, surpassing market expectations.
Mon 21 Oct 2024 12:45
(Sharecast News) - PureTech Health announced on Monday that Seaport Therapeutics, a company it founded, has closed an oversubscribed $225m series B financing round.
Mon 21 Oct 2024 12:43
(Sharecast News) - Ocean Wilsons announced on Monday that its subsidiary OW Overseas Investments has agreed to sell its 56.47% stake in Brazilian port operator Wilson Sons to SAS Shipping Agencies Services, a subsidiary of MSC Mediterranean Shipping Company.
Mon 21 Oct 2024 12:42
(Sharecast News) - Ricardo announced its intention to divest its defence business on Monday, as part of its broader strategy to focus on environmental and energy transition consulting.
Mon 21 Oct 2024 12:32
(Sharecast News) - Starwood European Real Estate Finance (SWEF) updated the market on its loan investment in its Ireland office portfolio on Monday, reporting a remaining balance including accrued interest of €25.9m as at 30 September.
Mon 21 Oct 2024 12:31
(Sharecast News) - Analysts at Berenberg lowered their target price on technology distributor Midwich Group from 620.0p to 500.0p on Monday following the company's unscheduled trading update.
Mon 21 Oct 2024 12:29
(Sharecast News) - Analysts at Canaccord Genuity hiked their target price on software firm Cerillion from 1,675.0p to 2,000.0p on Monday following the group's FY24 trading update.
Mon 21 Oct 2024 12:26
(Sharecast News) - Mining giant BHP said on Monday that it was in the process of negotiating a potential settlement with Brazilian authorities over the November 2015 failure of the Fundão dam.
Mon 21 Oct 2024 12:22
(Sharecast News) - Future's share price took a dive last week after the unexpected departure of chief executive Jon Steinberg, but the news didn't dissuade JPMorgan from changing its positive view on the publishing and events company.
Mon 21 Oct 2024 11:54
(Sharecast News) - City of London Investment Group (CLIG) reported a 4.8% increase in funds under management (FuM) for the quarter ended 30 September on Monday, rising to $10.7bn from $10.2bn at the end of June.
Mon 21 Oct 2024 11:13
(Sharecast News) - The Financial Conduct Authority (FCA) has fined Volkswagen Financial Services UK £5.4m for failing to treat customers in financial difficulty fairly, it announced on Monday.
Mon 21 Oct 2024 08:05
(Sharecast News) - Ten-pin bowling centre operator Hollywood Bowl said on Monday that full-year underlying earnings were pegged to come in ahead of market expectations on the back of record annual revenues.
Mon 21 Oct 2024 07:47
(Sharecast News) - FirstGroup said on Monday that it has bought coach operator Anderson Travel for an undisclosed sum.
Mon 21 Oct 2024 07:17
(Sharecast News) - RBC Capital Markets downgraded Intertek on Monday to 'sector perform' from 'outperform' and cut the price target to 5,000p from 5,200p.
Mon 21 Oct 2024 07:12
(Sharecast News) - A third-quarter trading update from InterContinental Hotels Group will take centre stage on Tuesday, with the corporate earnings and economic data calendars relatively quiet.
Mon 21 Oct 2024 07:10
(Sharecast News) - Pharma titan AstraZeneca has announced that its Wainzua nerve damage treatment has been recommended for approval in the EU.
Fri 18 Oct 2024 12:54
(Sharecast News) - Online shopping firm Very Group was reported on Friday to have made a recent bid to acquire N Brown, the owner of fashion brands Simply Be and Jacamo, at a price lower than the 40p-per-share offer proposed by Joshua Alliance.
Fri 18 Oct 2024 12:43
(Sharecast News) - Listed private equity firm 3i Group has reportedly picked bankers to sell the pet food manufacturer behind leading brands such as Applaws.
Fri 18 Oct 2024 11:25
(Sharecast News) - Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 6,200.0p to 6,000.0p on Friday following the group's Q3 operational review.
Fri 18 Oct 2024 11:21
(Sharecast News) - Mike Ashley's Frasers Group confirmed it was backing the £191m takeover of N Brown on Friday, as it continued its pursuit of luxury handbag brand Mulberry.
Fri 18 Oct 2024 11:19
(Sharecast News) - BP is reportedly considering selling a minority stake in its offshore wind business, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
Fri 18 Oct 2024 11:02
(Sharecast News) - Gore Street Energy Storage Fund announced on Friday that it has secured a 12-year fixed-price resource adequacy (RA) contract for its California-based asset, Big Rock, with Goldman Sachs subsidiary J Aron & Company.
Fri 18 Oct 2024 08:43
(Sharecast News) - Fonix updated the market on its operations in the Republic of Ireland on Friday, ahead of an expected regulatory change.
Fri 18 Oct 2024 07:53
(Sharecast News) - Gambling and gaming company Evoke has registered its first quarter of year-on-year growth for the first time since early 2022, helped by double-digit growth online in its core markets.
Fri 18 Oct 2024 07:43
(Sharecast News) - Citi downgraded Bunzl on Friday to 'neutral' from 'buy' after a run-up in the shares, but kept its 3,700p price target.
Fri 18 Oct 2024 07:41
(Sharecast News) - Chemicals business Iofina said on Friday that it had produced 168.9 metric tonnes of crystalline iodine from its six IOsorb plants in Western Oklahoma during Q3, up from 156.9mt a year earlier.
Fri 18 Oct 2024 07:20
(Sharecast News) - British American Tobacco has announced that it is nearing a potential settlement regarding outstanding tobacco litigation in Canada after a five-year-long legal process involving its subsidiary Imperial Tobacco Canada Limited (ITCAN).
Fri 18 Oct 2024 07:19
(Sharecast News) - Future said on Friday that chief executive Jon Steinberg plans to step down from the board later next year to relocate back to the US with his family, sending shares in the media group tumbling.
Fri 18 Oct 2024 07:19
(Sharecast News) - Promotional merchandise manufacturer 4imprint has appointed a chief financial officer designate to replace current CFO David Seekings who will retire from his role next year.
Thu 17 Oct 2024 16:03
(Sharecast News) - Analysts at Berenberg slightly raised their target price on wealth management firm Quilter from 135.0p to 140.0p on Thursday, stating Q3 had been "a stellar quarter" for flows.
Thu 17 Oct 2024 14:56
(Sharecast News) - Mining services company Capital Limited reported a 17.6% improvement in third-quarter revenue year-on-year on Thursday, to $93.7m, although it flagged a number of operational setbacks.
Thu 17 Oct 2024 14:49
(Sharecast News) - Titanium and zircon minerals producer Kenmare Resources reported a mixed third quarter in an update on Thursday, alongside a fatal accident involving a member of the public.
Thu 17 Oct 2024 14:41
(Sharecast News) - Augmentum Fintech responded to the proposed acquisition of its portfolio company Farewill by Dignity on Thursday.
Thu 17 Oct 2024 14:35
(Sharecast News) - Household energy supplier Ovo has reportedly poached a senior executive from digital bank Monzo as it explores options that could lead to a change of ownership.
Thu 17 Oct 2024 13:45
(Sharecast News) - Turkey's central bank said on Thursday that it was keeping interest rates steady at 50%, as widely expected.
Thu 17 Oct 2024 12:07
(Sharecast News) - Empiric Student Property has successfully raised £56.1m, it announced on Thursday, to help it fund acquisitions and refurbishments.
Thu 17 Oct 2024 09:37
(Sharecast News) - French advertising group Publicis lifted its full-year organic revenue forecast on Thursday despite a "challenging" macro environment, as it reported a jump in third-quarter revenues.
Thu 17 Oct 2024 09:27
(Sharecast News) - Analysts at Canaccord Genuity downgraded capital markets business Plus500 from 'speculative buy' to 'hold' on Thursday but hiked their target price on the stock from 1,883.0p to 2,650.0p ahead of the group's Q3 trading update on 28 October.
Thu 17 Oct 2024 09:23
(Sharecast News) - Rathbones Group reported a stable level of funds under management and administration (FUMA) on Thursday, of £108.8bn as at 30 September, marginally down from £108.9bn at the end of June.
Thu 17 Oct 2024 09:22
(Sharecast News) - Tools and equipment hire business Speedy Hire said on Thursday that interim revenues had slipped, principally due to a drop in lower-margin services income.
Thu 17 Oct 2024 09:11
(Sharecast News) - Building products manufacturer Ibstock said on Thursday that it had delivered "a solid performance" in the third quarter, with adjusted underlying earnings broadly in line with internal expectations.
Thu 17 Oct 2024 08:39
(Sharecast News) - Investment platform operator AJ Bell said on Thursday that assets under administration hit record highs in the year ended 30 September as both customer numbers and inflows grew.
Thu 17 Oct 2024 08:24
(Sharecast News) - Octopus Renewables Infrastructure Trust (ORIT) announced on Thursday that it has completed the acquisition of a 42MW solar farm near Dublin, expanding its ownership of Ireland's largest solar complex.
Thu 17 Oct 2024 08:21
(Sharecast News) - Gambling and gaming specialist Rank Group reiterated its full-year guidance on Thursday, after bumper first-quarter trading across its casino estate.
Thu 17 Oct 2024 08:06
(Sharecast News) - Investment management group Man Group posted Q3 outflows of $5.5bn on Thursday, worse than the $5.1bn it had forecast, after one of its clients withdrew its funds in order to invest passively.
Thu 17 Oct 2024 07:59
(Sharecast News) - Egypt-focused gold miner Centamin reported a strong third-quarter performance, as operational improvements at the flagship Sukari mine lifted production while gold sales were bolstered by record prices.
Thu 17 Oct 2024 07:48
(Sharecast News) - N Brown said on Thursday that it has agreed to be taken private by a company owned by Joshua Alliance - whose family has been involved with the group since the 1960s - in a £191m deal.
Thu 17 Oct 2024 07:36
(Sharecast News) - Deliveroo said it expects to hit the top end of full-year profit guidance after solid growth in both orders and order values in the third quarter, even as the number of active customers declined.
Thu 17 Oct 2024 07:29
(Sharecast News) - St James's Place reported a jump in funds under management on Thursday, boosted by an improving macroeconomic environment.
Thu 17 Oct 2024 07:23
(Sharecast News) - Paper and packaging group Mondi said on Thursday that underlying core profit fell in the third quarter in "muted" trade, mainly due to more planned maintenance shuts.
Thu 17 Oct 2024 07:18
(Sharecast News) - Chemring reported a strong trading performance for the year-to-date on Thursday, with its full-year outlook remaining in line with analyst expectations despite foreign exchange headwinds.
Thu 17 Oct 2024 07:13
(Sharecast News) - Shares in Rentokil Initial surged on Thursday after the pest control services group reassured investors by holding on to full-year guidance following two profit warnings earlier in the year, as it reported a steady third quarter with revenues unchanged.
Thu 17 Oct 2024 07:00
(Sharecast News) - Gambling and gaming group Entain boosted its full-year outlook on Thursday, after third-quarter numbers came in ahead of expectations.
Wed 16 Oct 2024 16:20
(Sharecast News) - Shares in food ingredients group Tate & Lyle surged by more than 10% on Wednesday on a report that US private equity group Advent was preparing a bid for the company.
Wed 16 Oct 2024 15:38
(Sharecast News) - Canaccord Genuity lowered its target price on packaged holidays business On The Beach from 220.0p to 187.0p following the group's recent trading update.
Wed 16 Oct 2024 13:29
(Sharecast News) - Investors' focus on Thursday will be the European Central Bank's interest rate decision.
Wed 16 Oct 2024 11:41
(Sharecast News) - Hutchmed China announced positive results from its Savannah phase two trial on Wednesday, which studied the combination of 'Tagrisso', or osimertinib, and 'Orpathys', or savolitinib, in treating patients with epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC), who had high levels of MET overexpression or amplification and whose disease progressed after treatment with Tagrisso.
Wed 16 Oct 2024 11:28
(Sharecast News) - ITM Power confirmed on Wednesday that Amy Grey would assume the role of chief financial officer on 6 January, earlier than previously anticipated.
Wed 16 Oct 2024 11:05
(Sharecast News) - Quilter reported strong third quarter net inflows of £1.4bn in an update on Wednesday, significantly outpacing the first and second quarter levels and marking record quarterly net inflows of £1.5bn on its platform.
Wed 16 Oct 2024 11:02
(Sharecast News) - Shares in UK motor insurance firms fell on Wednesday, after two investigations into the sector were announced simultaneously.
Wed 16 Oct 2024 10:59
(Sharecast News) - Mony Group reported a 2% year-on-year decline in third-quarter revenue in a trading update on Wednesday, largely due to underperformance in its travel and home services divisions.
Wed 16 Oct 2024 10:48
(Sharecast News) - Oxford Instruments reported strong demand and order intake growth in a half-year trading update on Wednesday.
Wed 16 Oct 2024 10:26
(Sharecast News) - Analysts at Berenberg raised their target price on housebuilder Bellway from 2,900.0p to 3,200.0p on Wednesday following the group's FY24 earnings a day earlier.
Wed 16 Oct 2024 09:27
(Sharecast News) - Healthcare facilities investor Primary Health Properties reported an additional £2.7m in rental income in a third quarter update on Wednesday - a slight decrease compared to £3.3 million for the same period in 2023.
Wed 16 Oct 2024 08:43
(Sharecast News) - XPS Pensions reported strong trading for the six months ended 30 September on Wednesday, with revenue from continuing operations up 23% year-on-year.
Wed 16 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.
Wed 16 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.
Wed 16 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.
Wed 16 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.
Wed 16 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.
Tue 15 Oct 2024 15:48
(Sharecast News) - Financial markets' focus in the middle of the week will be on the latest UK inflation data.
Tue 15 Oct 2024 14:50
(Sharecast News) - Boeing revealed significant steps to strengthen its financial position on Tuesday, as it entered into a $10bn supplemental credit agreement with a consortium of major lenders.
Tue 15 Oct 2024 14:43
(Sharecast News) - Ofwat is set to appoint LEK Consulting as an independent monitor of Thames Water, the UK's largest water utility, as it faced mounting financial and operational challenges, according to fresh reports on Tuesday.
Tue 15 Oct 2024 12:49
(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.
Tue 15 Oct 2024 12:10
(Sharecast News) - Jefferies has upgraded its recommendation for NatWest from 'underperform' to 'buy', but still rates Lloyds as its preferred stock in the UK banking sector.
Tue 15 Oct 2024 11:50
(Sharecast News) - Ericsson posted stronger-than-expected third-quarter results on Tuesday, driven by a major contract with AT&T and solid growth in North America, despite facing a challenging global telecom market.
Tue 15 Oct 2024 10:50
(Sharecast News) - Kettle safety and water technology specialist Strix Group announced a significant milestone on Tuesday, having produced over three billion kettle controls worldwide.
Tue 15 Oct 2024 10:37
(Sharecast News) - Hostelworld Group reaffirmed its full-year adjusted EBITDA guidance in an update on Tuesday, in line with market expectations, following a solid performance through the year-to-date up to 30 September.
Tue 15 Oct 2024 09:20
(Sharecast News) - Seraphim Space Investment Trust, the world's first listed SpaceTech investment company, reported an increase in its portfolio value to £201.5m in its full-year results on Tuesday, up £14.1m year-on-year.
Tue 15 Oct 2024 09:16
(Sharecast News) - Analysts at Berenberg lowered their target price on utilities giant National Grid from 1,150.0p to 1,070.0p on Tuesday, stating the group would now be forced to deliver "a balancing act".
Tue 15 Oct 2024 09:04
(Sharecast News) - Shares in Daily Mirror and Daily Express owner Reach rose on Tuesday after the newspaper publisher said it would met market expectations this year as the decline in top-line growth eased slightly in the third quarter, bolstered by improvement in online revenues.
Tue 15 Oct 2024 09:01
(Sharecast News) - De La Rue announced on Tuesday that it had agreed to sell its authentication division to Crane NXT for £300m, as part of a strategic move to unlock capital and strengthen its financial position.
Tue 15 Oct 2024 08:53
(Sharecast News) - Bytes Technology Group shares were in the red on Tuesday morning, after it reported a 2.9% drop in revenue to £105.5m, but a 13.7% increase in gross invoiced income (GII), reaching £1.23bn.
Tue 15 Oct 2024 08:51
(Sharecast News) - Mitie, the FTSE 250-listed facilities management and professional services company, reported an acceleration in top-line growth in the second quarter, helped by new contract wins and increased work in the 'surge response' security market.
Tue 15 Oct 2024 08:42
(Sharecast News) - Electronic components manufacturer DiscoverIE said on Tuesday that first-half earnings were in line with internal expectations and noted that it "remains on-track" to meet guidance for the financial year.
Tue 15 Oct 2024 08:42
(Sharecast News) - Workspace Group reported solid demand for its flexible office space in its second quarter on Tuesday, completing 296 new lettings with a total rental value of £7.4m, although like-for-like occupancy dipped 0.7% to 87.5% as a higher-than-usual number of larger customers vacated premises.
Tue 15 Oct 2024 08:07
(Sharecast News) - Investment platform operator Integrafin said on Tuesday that average daily funds under direction had hit record highs in Q424, boosting total group revenues for the period.
Tue 15 Oct 2024 07:59
(Sharecast News) - Fintech money transfer platform Wise on Tuesday reported a 17% jump in second-quarter income after a strong rise in customer numbers.
Tue 15 Oct 2024 07:34
(Sharecast News) - QinetiQ Group said in a trading update on Tuesday that it remained on track to meet its full-year expectations after its second quarter.
Tue 15 Oct 2024 07:09
(Sharecast News) - Robert Walters reported a 12% decline in third-quarter net fee income on Tuesday, as challenging market conditions persisted across all of its regions.
Tue 15 Oct 2024 07:04
(Sharecast News) - UK housebuilder Bellway on Tuesday reported a slump in annual profits, reflecting weaker demand due to higher mortgage rates, but said its forward order book had increased as economic conditions eased.
Mon 14 Oct 2024 12:12
(Sharecast News) - Logistics firm InPost is reportedly closing in on a deal to take full ownership of Menzies Distribution Group.
Mon 14 Oct 2024 11:25
(Sharecast News) - The London Gateway is to become Britain's largest container port within five years after operator DP World announced a £1bn expansion to boost capacity.
Mon 14 Oct 2024 10:49
(Sharecast News) - Analysts at Citi placed budget carrier Wizz Air on 'negative catalyst watch' on Monday, stating it now sees downside risk to the group's FY25 guidance.
Mon 14 Oct 2024 10:34
(Sharecast News) - Shareholders of American pulp and paper giant International Paper have given their approval for the £5.8bn takeover of London-listed packaging group DS Smith.
Mon 14 Oct 2024 10:29
(Sharecast News) - Good Energy Group announced a strategic partnership between its EV charging app subsidiary Zapmap and Hive, the eco-tech subsidiary of Centrica, on Monday.
Mon 14 Oct 2024 10:23
(Sharecast News) - Helical reported significant progress across its development pipeline and investment portfolio in a trading update on Monday, particularly in its London office projects.
Mon 14 Oct 2024 10:18
(Sharecast News) - Life Science REIT announced on Monday that it has completed a new lease with quantum technology company Infleqtion for 7,500 square feet of fully-fitted laboratory space at the Innovation Quarter in Oxford Technology Park (OTP).
Mon 14 Oct 2024 10:13
(Sharecast News) - Augmentum Fintech announced the appointment of William Reeve as chairman of its board on Monday, effective 1 November.
Mon 14 Oct 2024 10:08
(Sharecast News) - Motor and property finance specialist S&U announced on Monday that the Financial Conduct Authority (FCA) had agreed to lift the collection process restrictions previously imposed on its motor finance subsidiary, Advantage Finance.
Mon 14 Oct 2024 09:38
(Sharecast News) - SIG unveiled plans to refinance its existing debt on Monday, with a proposed offering of €300m senior secured notes due in 2029.
Mon 14 Oct 2024 09:15
(Sharecast News) - JD Sports Fashion's share price has fallen sharply in the wake of the retailer's interim results two weeks ago, but RBC Capital Markets has reiterated its 'outperform' rating, saying that the stock's valuation still remains "undemanding".
Mon 14 Oct 2024 08:28
(Sharecast News) - UK gambling stocks tumbled on Monday following a report the government is planning a tax raid of up to £3bn on the gambling sector in this month's Budget.
Mon 14 Oct 2024 08:06
(Sharecast News) - Retailer Frasers Group revealed on Monday that Ger Wright will stand down from her role as managing director of Sport on 30 November but will remain on its board as a non-executive director.
Mon 14 Oct 2024 07:55
(Sharecast News) - GSK has announced positive results from a phase III trial of its depemokimab treatment for chronic rhinosinusitis with nasal polyps (CRSwNP).
Mon 14 Oct 2024 07:54
(Sharecast News) - TI Fluid Systems said on Monday that it would be "minded to recommend" an improved takeover proposal from ABC Technologies at 200p a share, should a firm offer be made.
Mon 14 Oct 2024 07:40
(Sharecast News) - JPMorgan Cazenove upgraded Bunzl on Monday to 'overweight' from 'neutral' and lifted the price target to 3,980p from 3,660p as it increased its medium-term underlying margin assumptions to reflect greater confidence in a positive trajectory.
Mon 14 Oct 2024 07:38
(Sharecast News) - LondonMetric Property said it had settled a number of deals that have added £8.5m in annual rent in the financial year to date.
Mon 14 Oct 2024 07:38
(Sharecast News) - Shares in Ashmore rose strongly on Monday after the emerging market asset manager reported a 5% increase in assets under management (AuM) in the first quarter, helped by a positive investment performance and increasing investor appetite.
Mon 14 Oct 2024 07:21
(Sharecast News) - China's exports and imports grew significantly less than expected in September, according to fresh data released on Monday.
Mon 14 Oct 2024 07:20
(Sharecast News) - PageGroup reported a 13.5% drop in group gross profit for the third quarter on Monday, reflecting ongoing challenges across global recruitment markets.
Mon 14 Oct 2024 07:19
(Sharecast News) - EasyJet has announced that it is appointing the chief financial officer European freight operator Lineas as the new head of its finance function, as current CFO Kenton Jarvis gets ready to move into the chief executive role early next year.
Mon 14 Oct 2024 07:04
(Sharecast News) - Luxury handbag maker Mulberry on Monday said it was considering its position after major shareholder Challice said it had no intention of selling its 56% stake to Mike Ashley's Frasers Group despite an increased £111m bid for the company.
Fri 11 Oct 2024 15:38
(Sharecast News) - BNY Mellon reported a strong set of third-quarter results on Friday, surpassing profit estimates as assets under custody and administration reached a record $52.1trn.
Fri 11 Oct 2024 12:19
(Sharecast News) - Battery maker Northvolt is reportedly in talks with investors and lenders to secure about €200m in short-term funding as it seeks to stabilise its finances.
Fri 11 Oct 2024 11:03
(Sharecast News) - Braveheart Investment Group announced on Friday that it had acquired a 29.51% stake in IQ-AI, an imaging software and healthcare diagnostics company, for £0.72m.
Fri 11 Oct 2024 10:55
(Sharecast News) - RBC Capital Markets has trimmed its target price for Auction Technology Group (ATG) and kept a 'sector perform' stance on the stock, saying that it needs to see evidence of improving market conditions before turning more positive.
Fri 11 Oct 2024 10:20
(Sharecast News) - Digital 9 Infrastructure announced the appointment of InfraRed Capital Partners as its new investment manager and alternative investment fund manager (AIFM) on Friday, overseeing the managed wind-down of its portfolio.
Fri 11 Oct 2024 09:38
(Sharecast News) - Stifel adjusted its ratings on several UK housebuilders on Friday, upgrading Barratt Redrow and Crest Nicholson to 'buy' from 'hold' on the back of underperformance and a compelling valuation, respectively.
Fri 11 Oct 2024 09:37
(Sharecast News) - Shares in Saga jumped on Friday, after the travel-to-insurance business revealed it was in advanced discussions with Belgium's Ageas about a potential partnership deal.
Fri 11 Oct 2024 08:51
(Sharecast News) - JPMorgan Cazenove has cut its recommendation for Vistry from 'overweight' to 'neutral' and slashed its target price more than a third after a profit warning from the housebuilder on Tuesday, saying that the company needs to "restore confidence" among investors.
Fri 11 Oct 2024 08:41
(Sharecast News) - AIM-listed life sciences company SkinBioTherapeutics has announced the acquisition of Yorkshire-based health, hygiene and personal care products group Bio-Tech Solutions for £1.25m.
Fri 11 Oct 2024 08:28
(Sharecast News) - Ithaca Energy announced the pricing of $750m in senior notes due 2029 on Friday, alongside the signing of a $1.235bn amended and restated reserves-based lending (RBL) facility by its subsidiary Ithaca Energy UK.
Fri 11 Oct 2024 08:05
(Sharecast News) - E-commerce company THG said on Friday that it had raised £95.4m in a placing to help fund the demerger of its Ingenuity business.
Fri 11 Oct 2024 08:01
(Sharecast News) - Jupiter Fund Management on Friday reported lower assets under management (AUM) as clients pulled £1.6bn during the third quarter.
Fri 11 Oct 2024 07:31
(Sharecast News) - Recruitment firm Hays says it expects earnings to be sequentially lower in the first half as a result of ongoing challenging market conditions, which resulted in a big drop in fees in the first quarter.
Fri 11 Oct 2024 07:17
(Sharecast News) - QinetiQ announced on Friday that it has been awarded a three-year contract by Defence Digital, part of the UK Ministry of Defence, to support the development of next-generation tactical military communications systems.
Fri 11 Oct 2024 07:12
(Sharecast News) - Housebuilder Bellway is appointing the former chief financial officer of competitor Cairn Homes as its new CFO, the company announced on Friday.
Fri 11 Oct 2024 07:06
(Sharecast News) - BP followed sector rival Shell and warned profits would fall by as much as $600m on the back of declining refining margins and oil trading driven by the global slowdown for fuel products and weaker crude prices.
Thu 10 Oct 2024 19:14
(Sharecast News) - E-commerce company THG said on Thursday that it will go ahead with plans to demerge its Ingenuity business into a standalone independent private entity as it announced a £75m equity raising to help facilitate the demerger.
Thu 10 Oct 2024 16:43
(Sharecast News) - GSK's $2.2bn payment to settle 93% of outstanding Zantac lawsuits in the US was close to the "best case scenario", according to Jefferies, which said the announcement should remove a significant weight on the share price.
Thu 10 Oct 2024 13:18
(Sharecast News) - Foresight Group, an investment manager in real assets and growth capital, updated the market on its first-half trading on Thursday, with core EBITDA before share-based payments totalling £29m, in line with management expectations to double core EBITDA over a five-year period.
Thu 10 Oct 2024 13:06
(Sharecast News) - Ithaca Energy announced on Thursday that, following the completion of its business combination with Eni's UK upstream oil and gas assets on 3 October, its credit ratings had been upgraded by multiple agencies.
Thu 10 Oct 2024 13:02
(Sharecast News) - Bathroom and kitchen product designer and supplier Norcros reported a resilient trading performance for the first half of the year in an update on Thursday.
Thu 10 Oct 2024 13:02
(Sharecast News) - Bathroom and kitchen product designer and supplier Norcros reported a resilient trading performance for the first half of the year in an update on Thursday.
Thu 10 Oct 2024 12:54
(Sharecast News) - Waste-to-product specialist Renewi announced on Thursday that it has completed the sale of its UK Municipal operations to UK integrated waste management business Biffa.
Thu 10 Oct 2024 12:50
(Sharecast News) - PayPoint announced that its Open Banking technology subsidiary Obconnect had been chosen by the New Zealand Banking Association (NZBA) to deliver the confirmation of payee ecosystem in New Zealand.
Thu 10 Oct 2024 12:38
(Sharecast News) - Shares in Indivior plunged on Thursday after the pharma group cut its full-year revenue forecast for the second times following a weaker-than-expected third-quarter performance from Sublocade, its treatment of moderate to severe opioid use disorder.
Thu 10 Oct 2024 11:16
(Sharecast News) - Consumer goods giant Unilever has sold its Russian business, it was confirmed on Thursday, bringing to an end its presence in the country.
Thu 10 Oct 2024 11:06
(Sharecast News) - Games Workshop Group announced the appointment of Mark Lam as its new non-executive chair on Thursday, effective 1 November.
Thu 10 Oct 2024 11:03
(Sharecast News) - Analysts at Berenberg downgraded Central Asia Metals from 'buy' to 'hold' on Thursday and lowered its target price on the stock from 230.0p to 210.0p following the group's Q3 production results a day earlier.
Thu 10 Oct 2024 10:25
(Sharecast News) - GSK's $2.2bn payment to settle 93% of outstanding Zantac lawsuits in the US was close to the "best case scenario", according to Jefferies, which said the announcement should remove a significant weight on the share price.
Thu 10 Oct 2024 10:23
(Sharecast News) - Electricite de France is holding talks with investors about funding Hinkley Point C, the nuclear power plant is it in building in Somerset, it was reported on Thursday.
Thu 10 Oct 2024 10:10
(Sharecast News) - The Financial Conduct Authority (FCA) has fined TSB Bank £10.9m for failing to ensure fair treatment of customers in financial difficulty.
Thu 10 Oct 2024 09:45
(Sharecast News) - Chemring Group announced on Thursday that its subsidiary Chemring Nobel was partnering with the Norwegian government on a feasibility study to assess the development of a new military explosives production facility.
Thu 10 Oct 2024 09:04
(Sharecast News) - Gulf Marine Services announced a new long-term contract in Europe on Thursday and the extension of two existing contracts in the Middle East, adding a total of 25 months to the backlog, inclusive of optional extensions.
Thu 10 Oct 2024 08:53
(Sharecast News) - Europe-focused building products and specialist insulation supplier SIG has indicated that it is looking a potential tender offer for its existing bonds as it looks to refinance debt.
Thu 10 Oct 2024 08:42
(Sharecast News) - Shares in events and marketing business Centaur Media were sharply lower early on Thursday after it said ongoing challenges in the marketing sector had weighed on earnings throughout H2.
Thu 10 Oct 2024 08:02
(Sharecast News) - Asset manager Liontrust said on Thursday that assets under management had shrunk in the three months ended 30 September amid uncertainty around changes to taxation in the lead-up to the UK budget.
Thu 10 Oct 2024 07:52
(Sharecast News) - Waitrose announced on Thursday it is partnering with Just Eat on a multi-year deal to bring rapid deliveries to customers across 229 UK locations in the coming weeks.
Thu 10 Oct 2024 07:47
(Sharecast News) - London real estate developer Great Portland Estates reaffirmed annual rental value guidance after a strong three months to the end of September, adding that an improving economy, falling interest rates and scarcity of supply would drive growth.
Thu 10 Oct 2024 07:40
(Sharecast News) - Auction Technology Group said it expects full-year revenues to be slightly shy of earlier guidance as it announced the resignation of its chief financial officer.
Thu 10 Oct 2024 07:37
(Sharecast News) - GSK has agreed to pay $2.2bn to settle about 80,000 Zantac lawsuits in the US.
Thu 10 Oct 2024 07:19
(Sharecast News) - Volution Group, a designer and manufacturer of air quality systems, reported full-year revenue of £347.6m in its preliminary results on Thursday, a 6% increase, with adjusted operating profit rising 11.7% year-on-year to £78m.
Thu 10 Oct 2024 07:05
(Sharecast News) - Canadian investment firm Brookfield has trumped Segro's effort to buy warehouse owner Tritax EuroBox with an agreed £557m offer.
Thu 10 Oct 2024 06:48
(Sharecast News) - All eyes on Thursday will be on the week's key data release, the US consumer price index for the month of September.
Wed 09 Oct 2024 13:33
(Sharecast News) - Shares in Bayer slumped on Wednesday, after the Washington state Supreme Court said it would review a case alleging that exposure to products of the German chemicals company's Monsanto unit harmed three teachers.
Wed 09 Oct 2024 12:27
(Sharecast News) - Lenders holding £12bn of Thames Water's debt have reportedly held face-to-face talks with Ofwat this week to pitch a rescue deal that they believe would avert the nationalisation of Britain's biggest water utility.
Wed 09 Oct 2024 09:43
(Sharecast News) - Berenberg has slashed its target price for Vistry by more than a quarter after an unscheduled trading update and profit warning from the housebuilder this week.
Wed 09 Oct 2024 09:41
(Sharecast News) - RBC Capital Markets upgraded its stance on United Utilities on Wednesday, but downgraded Pennon as it took a look at UK water stocks.
Wed 09 Oct 2024 09:02
(Sharecast News) - Hammerson announced on Wednesday that it has successfully completed a series of refinancing transactions aimed at supporting its long-term growth strategy.
Wed 09 Oct 2024 08:58
(Sharecast News) - Life Science REIT announced on Wednesday that Pro Cam UK, an agri-tech business, has signed an agreement for a five-year lease at Cambourne Park Science & Technology Campus.
Wed 09 Oct 2024 08:08
(Sharecast News) - Agriculture and engineering group Carr's has announced that its performance over the most recent fiscal year has met expectations as the company continues to explore options for its engineering division.
Wed 09 Oct 2024 08:07
(Sharecast News) - Informa completed its acquisition of Ascential on Wednesday, with the transaction formally becoming effective following a court-sanctioned scheme of arrangement.
Wed 09 Oct 2024 07:59
(Sharecast News) - Pub group Marston's said on Wednesday that full-year like-for-like sales outperformed the market and that it had significantly reduced debt.
Wed 09 Oct 2024 07:26
(Sharecast News) - The US government was said to be calling for a judge to break up Google in a potentially landmark ruling that would reshaped just how tech giants conduct their affairs.
Wed 09 Oct 2024 07:21
(Sharecast News) - Life science investor Syncona said its portfolio company Purespring Therapeutics, which focuses on gene therapies for kidney diseases, had raised £80m in an oversubscribed financing.
Wed 09 Oct 2024 07:20
(Sharecast News) - CMC Markets reported a strong first half in an update on Wednesday, driven by its diversification strategy and growing institutional business.
Wed 09 Oct 2024 07:16
(Sharecast News) - Paper and packaging giant Mondi has announced the acquisition of the Western European corrugated converting and solid board assets of Schumacher Packaging.
Wed 09 Oct 2024 07:03
(Sharecast News) - Rio Tinto said it had struck a deal to buy Arcadium Lithium for $6.7bn, making it a major producer of a key component of electric vehicle batteries.
Tue 08 Oct 2024 14:14
(Sharecast News) - Burberry's stock was out of favour on Tuesday as demand concerns were weighing on the wider European luxury sector, with earlier optimism surrounding stimulus measures from China quickly fading.
Tue 08 Oct 2024 13:12
(Sharecast News) - PepsiCo cut its annual organic revenue guidance again on Tuesday as it highlighted a "subdued" performance in North America in the third quarter.
Tue 08 Oct 2024 12:30
(Sharecast News) - The market spotlight in the middle of the week will continue to be trained on the US central bank.
Tue 08 Oct 2024 12:16
(Sharecast News) - Analysts at Berenberg lowered their target price on Impax Asset Management from 620.0p to 560.0p on Tuesday but noted that outflows had started to slow.
Tue 08 Oct 2024 11:57
(Sharecast News) - GSK has announced positive results from a phase III trial of its Arexvy RSV vaccine, showing that just one dose of the treatment could help protect older adults at risk of RSV disease over three seasons.
Tue 08 Oct 2024 10:53
(Sharecast News) - Motor and property finance specialist S&U reported a mixed first-half financial performance on Tuesday, after group revenue increased 9% year-on-year to £60.4m.
Tue 08 Oct 2024 09:53
(Sharecast News) - Cosy Club owner Loungers reported a slight slowdown in like-for-like sales growth on Tuesday and a jump in revenue.
Tue 08 Oct 2024 09:01
(Sharecast News) - Gulf Keystone Petroleum announced a $20m interim dividend and the launch of a share buyback programme worth up to $10m on Tuesday.
Tue 08 Oct 2024 08:30
(Sharecast News) - Motorpoint Group reported a strong first half in an update on Tuesday, returning to profitability after posting a loss in the same period last year.
Tue 08 Oct 2024 08:00
(Sharecast News) - PRS REIT reported a strong set of full-year results on Tuesday, driven by solid asset performance and robust rental demand.
Tue 08 Oct 2024 07:49
(Sharecast News) - Shares in Senior tanked on Tuesday after the engineering solutions provider announced that the ongoing supply and logistical challenges hitting the wider aerospace sector will have an impact on full-year results.
Tue 08 Oct 2024 07:47
(Sharecast News) - UK telecoms giant Vodafone and Google on Tuesday said they had extended their partnership in a 10-year deal they claimed would be worth more than $1bn.
Tue 08 Oct 2024 07:38
(Sharecast News) - Student accommodation developer Unite delivered a strong lettings performance in the third quarter, with occupancy levels already close to the full-year target.
Tue 08 Oct 2024 07:23
(Sharecast News) - Vistry warned on profits on Tuesday after the housebuilder underestimated build costs on nine schemes in its Southern Division.
Tue 08 Oct 2024 07:22
(Sharecast News) - Shares in fishing tackle and equipment group Angling Direct rose strongly on Tuesday after the specialist retailer impressed with double-digit profit growth in the first half, and revealed an impressive performance over recent weeks.
Tue 08 Oct 2024 07:17
(Sharecast News) - Harworth Group announced the completed acquisition of a newly-developed grade A urban logistics estate, 'Catalyst', in Rotherham, South Yorkshire on Tuesday, for £43.7m.
Tue 08 Oct 2024 07:15
(Sharecast News) - Imperial Brands has beefed up its shareholder returns programme by £400m after confirming it finished the fiscal year with in-line results, with growth in both tobacco and next generation products (NGP).
Tue 08 Oct 2024 07:04
(Sharecast News) - Convenience food producer Greencore lifted full-year profit guidance again after a strong fourth quarter performance.
Mon 07 Oct 2024 14:17
(Sharecast News) - Futura Medical, the consumer healthcare company behind Eroxon, announced on Monday that a $5m milestone payment had been triggered under its agreement with consumer products giant Haleon.
Mon 07 Oct 2024 13:36
(Sharecast News) - John Lewis Partnership chief executive Nish Kankiwala is stepping back from his role next spring, as the retail company announced it was axing the role and passing on more duties to chair Jason Tarry.
Mon 07 Oct 2024 10:21
(Sharecast News) - Specialist contract research organisation hVIVO announced positive results from a phase 2a human challenge trial (HCT) for Enanta Pharmaceuticals' RSV antiviral candidate, EDP-323, on Monday.
Mon 07 Oct 2024 10:16
(Sharecast News) - Drugmaker AstraZeneca has entered into an exclusive license agreement with CSPC Pharmaceutical to advance the development of a pre-clinical novel lipid-lowering therapy.
Mon 07 Oct 2024 10:15
(Sharecast News) - Germany and UK-focussed business park owner and operator Sirius Real Estate reported a 5.5% like-for-like increase in rent roll for the six months ended 30 September on Monday.
Mon 07 Oct 2024 10:10
(Sharecast News) - Petra Diamonds has secured unconditional consent under South Africa's Mineral and Petroleum Resources Development Act for the sale of its entire issued share capital of Blue Diamond Mines to Koffiefontein Holdings, an affiliate of the Stargems Group, it announced on Monday.
Mon 07 Oct 2024 10:09
(Sharecast News) - Applied Nutrition confirmed on Monday that it plans to float on the London Stock Exchange this month.
Mon 07 Oct 2024 09:11
(Sharecast News) - Hollywood Bowl Group, the UK and Canada's largest ten-pin bowling operator, announced on Monday that Peter Boddy would retire as chairman and step down as a director at the end of its annual general meeting on 30 January, after 10 years with the company.
Mon 07 Oct 2024 08:03
(Sharecast News) - Ukraine-focused iron ore pellet producer Ferrexpo reported a drop in production and continued pressure on margins in the third quarter, as the ongoing war continues to impact operations and the bottom line.
Mon 07 Oct 2024 08:00
(Sharecast News) - BP has abandoned a target to cut oil and gas output by 2030 as chief executive Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, according to three sources cited by Reuters.
Mon 07 Oct 2024 07:44
(Sharecast News) - 3i Infrastructure said on Monday that it has received a binding offer for its circa 33% stake in Valorem, an independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors.
Mon 07 Oct 2024 07:42
(Sharecast News) - Activist investor Starboard Value has reportedly built a stake in pharmaceutical giant Pfizer worth around a $1bn and is seeking to mount a turnaround at the struggling company, according to people familiar with the matter.
Mon 07 Oct 2024 07:17
(Sharecast News) - Grainger, the UK's largest listed provider of private rental homes, flagged a robust full-year performance in an update on Monday, supported by portfolio expansion and strong rental growth.
Mon 07 Oct 2024 07:16
(Sharecast News) - Rio Tinto confirmed speculation on Monday morning that it has approached Philadelphia-based lithium chemicals producer Arcadium Lithium regarding a possible takeover.
Mon 07 Oct 2024 07:14
(Sharecast News) - Shell released its third-quarter 2024 outlook on Monday, reporting that in the integrated gas segment, it expected production to range between 920,000 and 960,000 barrels of oil equivalent per day, with LNG liquefaction volumes between 7.3 million and 7.7 million tonnes.
Mon 07 Oct 2024 07:04
(Sharecast News) - Mitie Group said it had bought Spanish security business Grupo Visegurity for up to €11m (£9.2m), made up of an initial €9m payment and performance-linked deferred payments of up to €2m over the next two years.
Fri 04 Oct 2024 14:52
(Sharecast News) - Chinese-founded online retailer Shein is preparing for a potential initial public offering (IPO) in London, it emerged on Friday, with investor roadshows expected in the coming weeks, according to a report from Reuters.
Fri 04 Oct 2024 12:26
(Sharecast News) - MicroSalt, which develops and supplies low-sodium, full-flavour salt, announced significant progress in expanding its global patent portfolio on Friday.
Fri 04 Oct 2024 12:19
(Sharecast News) - Barratt Developments announced on Friday that the UK Competition and Markets Authority (CMA) had cleared its acquisition of Redrow, following a consultation on undertakings offered by both companies.
Fri 04 Oct 2024 12:12
(Sharecast News) - Anglo-Eastern Plantations announced on Friday that it has completed the acquisition of the remaining minority stakes in two of its Indonesian subsidiaries, further consolidating its ownership in the region.
Fri 04 Oct 2024 11:03
(Sharecast News) - Zigup said on Friday that chief financial officer Philip Vincent has resigned to take on the same role at another business.
Fri 04 Oct 2024 10:43
(Sharecast News) - Strong profit growth and the reinstatement of a dividend at JD Wetherspoons weren't enough to sway Shore Capital from changing its 'hold' rating on the stock on Friday.
Fri 04 Oct 2024 09:10
(Sharecast News) - The UK construction sector grew in September at its fastest pace in two-and-a-half years, according to a survey released on Friday.
Fri 04 Oct 2024 08:58
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on agricultural business Wynnstay from 520.0p to 470.0p on Friday, stating the group was "battling through adversity".
Fri 04 Oct 2024 08:48
(Sharecast News) - Mike Ashley's Frasers Group has bolstered its stake in Mulberry Group, it confirmed on Friday, just days after the luxury brand rebuffed a takeover approach from the retailer.
Fri 04 Oct 2024 08:42
(Sharecast News) - AIM-listed energy investment firm Prospex Energy has officially expanded into its third European country after its subsidiary PXEN Tatra secured the qualification to apply for licences in Poland.
Fri 04 Oct 2024 08:11
(Sharecast News) - AIM-listed renewable electricity supplier Good Energy Group has announced the acquisition Lincolnshire-based solar installation company Amelio Enterprises for £6m.
Fri 04 Oct 2024 07:40
(Sharecast News) - Capricorn Energy confirmed on Friday it had hit a $50m payment milestone under a 2020 deal with Woodside Energy, with proceeds due to be returned to shareholders.
Fri 04 Oct 2024 07:37
(Sharecast News) - Virgin Wines said on Friday that it has agreed a strategic partnership with online supermarket Ocado.com, which will stock a selection of 50 wines from its portfolio.
Fri 04 Oct 2024 07:19
(Sharecast News) - JD Wetherspoon reported a 5.7% increase in full-year revenue on Friday, to £2.04bn, with a 73.5% rise in profit before tax to £73.9m before separately disclosed items.
Fri 04 Oct 2024 07:04
(Sharecast News) - Shares in Watches of Switzerland jumped on Friday after the company said it had bought Hodinkee, a specialist website for luxury watch enthusiasts, for an undisclosed sum.
Thu 03 Oct 2024 16:15
(Sharecast News) - Italy's government is looking to offload more shares in Banca Monte dei Paschi di Siena within three months as part of a plan to raise €20bn to bolster the country's flagging finances.
Thu 03 Oct 2024 12:24
(Sharecast News) - Professional lighting system designer and manufacturer FW Thorpe reported a solid set of full-year results on Thursday.
Thu 03 Oct 2024 12:17
(Sharecast News) - Supermarket Income REIT declared an interim dividend of 1.53p per share on Thursday, for the period from 1 July to 30 September.
Thu 03 Oct 2024 12:14
(Sharecast News) - Syncona announced on Thursday that it has committed £63.5m in series B financing to Resolution Therapeutics, a portfolio company focused on macrophage therapy for inflammatory and fibrotic diseases.
Thu 03 Oct 2024 12:13
(Sharecast News) - Drinks giant Diageo has scrapped a potential sale of Pimm's, it was reported on Thursday, after it failed to strike a deal.
Thu 03 Oct 2024 12:09
(Sharecast News) - Specialist equipment rental company Vp reported a steady half-year performance on Thursday, despite challenging macroeconomic conditions, as it announced the acquisition of a majority interest in CPH.
Thu 03 Oct 2024 11:58
(Sharecast News) - Atrato Onsite Energy announced on Thursday that it has agreed to sell its entire portfolio of solar assets for £218.7m to a joint venture between Brookfield and RAIM Apollo.
Thu 03 Oct 2024 11:50
(Sharecast News) - Residential Secure Income (ReSI) announced a proposed managed wind-down and portfolio realisation on Thursday, following a thorough review aimed at maximising shareholder value.
Thu 03 Oct 2024 11:45
(Sharecast News) - Topps Tiles updated the market regarding its recent acquisition of CTD Tiles, which included 30 stores, selected stock, and intellectual property for £9m, on Thursday.
Thu 03 Oct 2024 11:04
(Sharecast News) - Burberry was under the cosh on Thursday as Stifel cut its price target on the shares to 720p from 800p and reduced its FY25 and FY26 sales forecasts by 8% and 10%, respectively.
Thu 03 Oct 2024 09:54
(Sharecast News) - Jefferies downgraded its stance on Aston Martin Lagonda on Thursday to 'hold' from 'buy' and cut the price target to 120p from 250p as it said it struggles to see a scenario that does not require new equity.
Thu 03 Oct 2024 09:35
(Sharecast News) - Industrial output in the eurozone rose more than expected in August, according to data released by Eurostat on Thursday.
Thu 03 Oct 2024 08:56
(Sharecast News) - Analysts at Berenberg lowered their target on chemicals firm Johnson Matthey from 1,800.0p to 1,650.0p on Thursday but acknowledged management has avoided missteps and "righted the ship" following the announcement of the company's exit from battery materials.
Thu 03 Oct 2024 08:43
(Sharecast News) - Retail-focused property group Hammerson has announced the oversubscribed launch of a new 12-year £400m bond, which will be used to support growth and refinance outstanding debt.
Thu 03 Oct 2024 08:23
(Sharecast News) - Galliford Try reported a strong set of full-year financial results on Thursday, with revenue rising 27.2% to £1.77bn, and operating profit before amortisation increasing 35.2% to £29.6m.
Thu 03 Oct 2024 08:21
(Sharecast News) - Tate & Lyle said it would not be putting its £1.4bn acquisition of US speciality ingredients maker CP Kelco to shareholders for approval under new listing rules brought in by the UK's financial regulator.
Thu 03 Oct 2024 08:15
(Sharecast News) - Venture capital firm Molten Ventures said on Thursday that it has acquired a majority secondary position in the first fund of Connect Ventures, a 2012 Vintage Fund containing a portfolio of eight minority positions in businesses across Europe.
Thu 03 Oct 2024 08:15
(Sharecast News) - Venture capital firm Molten Ventures said on Thursday that it has acquired a majority secondary position in the first fund of Connect Ventures, a 2012 Vintage Fund containing a portfolio of eight minority positions in businesses across Europe.
Thu 03 Oct 2024 08:03
(Sharecast News) - Thermal energy and fluid technology solutions group Spirax said on Thursday that its full-year outlook remained unchanged but warned of modest impacts stemming from potentially stronger-than-expected FX headwinds.
Thu 03 Oct 2024 07:44
(Sharecast News) - National Grid said it performed in line with expectations in its first half, though it registered an unexpected additional £70m contribution from the Electricity System Operator (ESO).
Thu 03 Oct 2024 07:25
(Sharecast News) - British Land said on Thursday that it had raised £301m in an equity placing to help fund the acquisition of a portfolio of seven "high quality" retail parks.
Thu 03 Oct 2024 07:19
(Sharecast News) - Telecom Plus reported continued robust growth in customer numbers in a first-half update on Thursday, with a rise of 67,000 customers in the six months ended 30 September.
Thu 03 Oct 2024 07:08
(Sharecast News) - Tesco has lifted its annual profit guidance despite a slight underlying slowdown in the second quarter, as growth remained resilient across its main retail operations.
Thu 03 Oct 2024 07:04
(Sharecast News) - SSP Group said it expected to deliver a jump in full-year profits, despite weaker earnings in Continental Europe, especially in France where demand during the Olympics was lower than anticipated.
Wed 02 Oct 2024 19:48
(Sharecast News) - All eyes will be on the latest US non-farm payrolls report on Friday, while in the UK, full-year results from pub chain JD Wetherspoon will be in focus.
Wed 02 Oct 2024 14:11
(Sharecast News) - Transense Technologies announced on Wednesday that its Translogik division has entered a strategic distribution partnership with AssetFindr to expand into the southeast Asian market.
Wed 02 Oct 2024 11:56
(Sharecast News) - Shares in Hemogenyx Pharmaceuticals jumped on Wednesday after the clinical-stage biopharmaceutical group announced another investment from Prevail Partners via a share subscription at a significant premium to the current market value.
Wed 02 Oct 2024 11:35
(Sharecast News) - Equals Group updated the market on its ongoing strategic review on Wednesday, confirming the 'put up or shut up' (PUSU) deadline regarding a possible all-cash offer for the company had been extended.
Wed 02 Oct 2024 11:21
(Sharecast News) - STV Group announced on Wednesday that it has reached an agreement with the trustees of its defined benefit pension schemes following the completion of its 31 December 2023 triennial funding valuations.
Wed 02 Oct 2024 10:55
(Sharecast News) - Pinewood Technologies reported strong growth in revenue and gross profit for the first half of the year on Wednesday, driven by a successful system rollout in its key UK market.
Wed 02 Oct 2024 10:39
(Sharecast News) - High street stalwart Marks & Spencer has announced plans to hire more than 11,000 new workers in the UK over the key festive period, kicking off recruitment from next week.
Wed 02 Oct 2024 10:38
(Sharecast News) - Berenberg has lifted its recommendation on Rio Tinto rom 'hold' to 'buy' and hiked its target price from 5,600p to 6,200p, saying the stock will be a winner among diversified mining peers over the medium term.
Wed 02 Oct 2024 10:16
(Sharecast News) - Challenger lender Starling Bank has been fined £29m by the regulator for "shockingly lax" financial crime controls, it was announced on Wednesday.
Wed 02 Oct 2024 08:03
(Sharecast News) - Newspaper and magazine distributor Smiths News said on Wednesday that full-year adjusted operating profits were expected to be at least £38.2m, in line with current market expectations.
Wed 02 Oct 2024 07:51
(Sharecast News) - Tile retailer Topps Tiles reported a slight sequential improvement in its fourth quarter as the decline in like-for-like sales eased, with the company pointing to a "stronger market" next year.
Wed 02 Oct 2024 07:42
(Sharecast News) - Saga confirmed on Wednesday that it is in talks with Belgian insurer Ageas about a potential partnership arrangement for its insurance business.
Wed 02 Oct 2024 07:35
(Sharecast News) - Shepherd Neame reported a jump in full-year earnings on Wednesday, aided by a strong recovery in London and improving economic conditions.
Wed 02 Oct 2024 07:34
(Sharecast News) - Budget airline Ryanair reported a 10% jump in September passenger numbers on Wednesday.
Wed 02 Oct 2024 07:27
(Sharecast News) - Household appliances retailer AO World is to take over struggling refurbished electrical and media reseller MusicMagpie for £10m.
Wed 02 Oct 2024 07:27
(Sharecast News) - Wizz Air reported a 3.9% year-on-year increase in passenger numbers for September on Wednesday, carrying 5.76 million passengers during the month.
Wed 02 Oct 2024 07:11
(Sharecast News) - Europe-focused building products and specialist insulation supplier SIG has reiterated full-year profit guidance after a sequential improvement in like-for-like revenue performance in the third quarter.
Wed 02 Oct 2024 07:03
(Sharecast News) - Shares in JD Sports Fashion fell on Wednesday on the back of a sharp fall in sales at Nike - its major partner - despite a better-than-expected 2% rise in half-year profit and guidance hold amid a "challenging and volatile market".
Tue 01 Oct 2024 14:44
(Sharecast News) - PepsiCo said on Tuesday that it has agreed to buy tortilla chip maker Siete for $1.2bn.
Tue 01 Oct 2024 10:46
(Sharecast News) - Waste-to-energy technology developer Powerhouse Energy reported progress on the development of its technical centre in Bridgend, Wales on Tuesday, which it described as a key part of its strategy to demonstrate its waste-to-energy technology and explore commercial applications.
Tue 01 Oct 2024 10:22
(Sharecast News) - WPP jumped on Tuesday after consumer goods giant Unilever concluded its global media review and reappointed the ad agency's media services business, Mindshare, in key markets.
Tue 01 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.
Tue 01 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.
Tue 01 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.
Tue 01 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.
Tue 01 Oct 2024 07:48
(Sharecast News) - Pharma giant Pfizer has offloaded a £2.43bn stake in Haleon, which in turn said it would buy back £230m of the shares.
Tue 01 Oct 2024 07:24
(Sharecast News) - London-focused property group Great Portland Estates has let nearly 7,000 square feet of retail space at Orchard Court in Marylebone to luxury home appliances brand Gaggenau.
Tue 01 Oct 2024 07:20
(Sharecast News) - Greggs slumped on Tuesday as it backed its full-year outlook but reported a slowdown in third-quarter sales growth.
Tue 01 Oct 2024 07:18
(Sharecast News) - Endeavour Mining announced the appointment of Sonia Scarselli as its executive vice-president of exploration on Tuesday, effective from December.
Tue 01 Oct 2024 07:09
(Sharecast News) - British-Australian metals and mining titan Rio Tinto has announced a lithium supply chain commercial partnership with UK-based, lithium refinery developer Green Lithium.
Mon 30 Sep 2024 16:08
(Sharecast News) - Analysts at Berenberg raised their target price on food production company Cranswick from 5,312.0p to 5,674.0p on Monday, stating structural factors were driving trading strength.
Mon 30 Sep 2024 15:08
(Sharecast News) - Shares in Anglo-American cruise giant Carnival were in the red on Monday afternoon, even after it reported record-breaking financial results for the third quarter, surpassing its earlier guidance and raising its full-year outlook for the third time.
Mon 30 Sep 2024 13:44
(Sharecast News) - Telecommunications firms Vodafone and Three have pushed back at the Competition and Markets Authority after the watchdog raised concerns over the pair's proposed £15.0bn merger, stating that "outstanding issues can be resolved".
Mon 30 Sep 2024 12:34
(Sharecast News) - Protein shake and supplements maker Applied Nutrition on Monday confirmed it was planning a London flotation.
Mon 30 Sep 2024 12:05
(Sharecast News) - Economic data will be on investors' minds on Tuesday in the absence of any scheduled corporate earnings, with manufacturing purchasing managers' indices (PMIs) and a key inflation reading from Europe due out during the session.
Mon 30 Sep 2024 11:34
(Sharecast News) - American telecoms giant AT&T is to sell its 70% stake in satellite television provider DirecTV to private-equity firm TPG for a total of $7.6bn.
Mon 30 Sep 2024 10:19
(Sharecast News) - Specialist contract research organisation hVIVO launched the full suite of services provided by its hLAB division - a highly specialised virology and immunology laboratory supporting preclinical and clinical drug development - on Monday.
Mon 30 Sep 2024 10:09
(Sharecast News) - Mike Ashley's Frasers Group said on Monday that it had made an £83m takeover bid for Mulberry, as it criticised the luxury handbag retailer for not informing it of plans to raise £10m.
Mon 30 Sep 2024 09:54
(Sharecast News) - Petrofac reported a challenging first half on Monday, with revenue reaching $1.24bn, a slight increase from $1.23bn in the same period in 2023, as it recorded a first-half EBIT loss of $106m, widening from a $72m loss a year earlier.
Mon 30 Sep 2024 09:05
(Sharecast News) - Bookmaker Entain revealed on Monday that Stella David will take over from Barry Gibson as chair, effective immediately.
Mon 30 Sep 2024 08:29
(Sharecast News) - 3i Group fell on Monday following a report that short-seller ShadowFall Capital and Research has taken out a multimillion-pound short position against the investment trust, saying that its largest holding, Action, was overvalued.
Mon 30 Sep 2024 08:09
(Sharecast News) - Playtech posted a strong first-half performance on Monday, with revenue increasing 5% to €906.8m and adjusted EBITDA rising 11% to €243m, driven by robust growth in its B2B division.
Mon 30 Sep 2024 08:01
(Sharecast News) - Telecommunications giant Vodafone said on Monday that its proposed merger with Three UK would not require shareholder approval under new UK listing rules.
Mon 30 Sep 2024 07:59
(Sharecast News) - Rightmove tumbled on Monday after Rupert Murdoch's Australian property business REA Group said it was abandoning its pursuit of the property portal after a fourth, £6.2m takeover proposal was rejected.
Mon 30 Sep 2024 07:37
(Sharecast News) - Aston Martin has revealed that full-year profits are now expected to decline as a result of a cut to wholesale volume guidance due to supply chain disruption and weak demand in China.
Mon 30 Sep 2024 07:22
(Sharecast News) - Shares in The Brighton Pier Group fell on Monday after the leisure company reported a big drop in operating profits and warned that full-year results may be affected as poor weather over the summer dented footfall.
Mon 30 Sep 2024 07:19
(Sharecast News) - QinetiQ Group announced the sale of its 407-acre freehold site at Cody Technology Park (CTP) in Farnborough on Monday, to a fund managed by Tristan Capital Partners, for £112m.
Mon 30 Sep 2024 07:11
(Sharecast News) - Mining technology group Weir said it had won a £25m contract to provide services on the next phase of OCP's Benguerir and Louta greenfield phosphate projects in Morocco.
Fri 27 Sep 2024 16:06
(Sharecast News) - Rightmove responded to a fourth unsolicited and "highly conditional" acquisition proposal from REA Group on Friday afternoon, urging shareholders to take no action while it considered the deal.
Fri 27 Sep 2024 11:41
(Sharecast News) - International software provider AdvancedAdvT said in an update on Friday that it was expecting group revenue to reach £19.5m for the six months ended 31 August.
Fri 27 Sep 2024 11:40
(Sharecast News) - Abrdn Property Income Trust is to sell the vast majority of its portfolio to Travelodge's US owner GoldenTree Asset Management, it was confirmed on Friday.
Fri 27 Sep 2024 11:18
(Sharecast News) - Iofina announced an agreement to build a new iodine production plant, IO11, in Western Oklahoma on Friday.
Fri 27 Sep 2024 11:12
(Sharecast News) - REA Group urged the board of Rightmove to engage with it on Friday, as it made a fourth non-binding proposal to acquire the company, valuing it at £6.2bn.
Fri 27 Sep 2024 10:19
(Sharecast News) - Analysts at Berenberg slightly raised their target price on retailer DFS Furniture from 110.0p to 120.0p on Friday as it said the market share competition was "heating up".
Fri 27 Sep 2024 10:15
(Sharecast News) - Haleon said on Friday that it has agreed to buy an additional 33% interest in Tianjin TSKF Pharmaceutical - its joint venture in China - from its partners Tianjin Pharmaceutical Group (TPG) and Tianjin Pharmaceutical Da Ren Tang Group Corporation (DRTG) for RMB4,465m (circa£0.5bn).
Fri 27 Sep 2024 09:13
(Sharecast News) - Intel has rebuffed an approach from Arm Holdings about buying the US chipmaker's product division, it was reported on Friday.
Fri 27 Sep 2024 08:37
(Sharecast News) - Moncler surged on Friday after LVMH bought a 10% stake in Double R, the investment vehicle controlled by the holding company owned by Moncler chief executive and chairman Remo Ruffini.
Fri 27 Sep 2024 08:31
(Sharecast News) - Insurance group and Lloyd's of London investment fund Helios Underwriting reported a small increase in operating profits in the first half despite a lower underwriting result.
Fri 27 Sep 2024 07:50
(Sharecast News) - Insurance and investment group Prudential said on Friday it has expanded further into South East Asia through a strategic partnership with Bank Syariah Indonesia.
Fri 27 Sep 2024 07:26
(Sharecast News) - International Public Partnerships announced the partial disposal of its investment in the Family Housing Support Project (FHSP) on Friday, generating £30m.
Fri 27 Sep 2024 07:17
(Sharecast News) - Clinical-stage biotherapeutics company PureTech Health has announced that the schizophrenia treatment it developed, which was later sold to Bristol Myers Squibb, has been approved by US regulators, triggering milestone payment and unlocking potential future royalties.
Fri 27 Sep 2024 07:11
(Sharecast News) - Shares in Cranswick jumped on Friday as the food producer said it expected annual results to be at the upper end of expectations after first-half trading came in ahead of the previous year.
Thu 26 Sep 2024 15:29
(Sharecast News) - IP Group - an investor in early-stage science and technology companies - said on Thursday that Visa has agreed to buy one of its portfolio companies, Featurespace, for an undisclosed sum.
Thu 26 Sep 2024 14:10
(Sharecast News) - RBC Capital Markets lifted its stance on Experian to 'sector perform' from 'underperform' on Thursday as it transferred coverage, hiking the price target to 4,200p from 2,500p.
Thu 26 Sep 2024 12:53
(Sharecast News) - IG Design slid on Thursday after the stationery product manufacturer warned on profits amid ongoing challenges at its DG Americas division.
Thu 26 Sep 2024 12:47
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on commercial passenger aircraft leasing business Avation from 280.0p to 255.0p on Thursday, a more than 50% net asset value discount despite upward pressure on fleet and order book values.
Thu 26 Sep 2024 12:10
(Sharecast News) - Morrisons posted an uptick in third-quarter sales on Thursday, as it confirmed a £331m property deal intended to cut debts.
Thu 26 Sep 2024 10:53
(Sharecast News) - Friday is set to be yet another quiet day for scheduled news among London's listed companies, so the focus again will be on economic data from the US, as investors continue to assess how incoming indicators may affect the current monetary easing cycle.
Thu 26 Sep 2024 10:07
(Sharecast News) - Jaguar Land Rover is investing £500m to create a "factory of the future" for electric vehicle manufacturing in Merseyside, the Tata-owned auto giant said on Thursday.
Thu 26 Sep 2024 10:02
(Sharecast News) - Shares in Ubisoft tanked on Thursday after the French videogame maker delayed the release of its Assassin's Creed Shadows edition by three months to next February and cut net bookings guidance.
Thu 26 Sep 2024 09:23
(Sharecast News) - Publishing business Future said on Thursday that it had delivered a return to organic revenue growth during H2 and reiterated full-year guidance for revenues of £786.0m and adjusted operating profits of £220.0m.
Thu 26 Sep 2024 08:58
(Sharecast News) - Pantheon Infrastructure reported a 6.5% increase in net asset value (NAV) to £535m for the six months ended 30 June on Thursday, or 113.9p per share.
Thu 26 Sep 2024 08:50
(Sharecast News) - Downing Renewables announced on Thursday that it is in exclusive discussions regarding the sale of its entire interest in the Gabrielsberget wind farm in Sweden.
Thu 26 Sep 2024 08:46
(Sharecast News) - Life Science REIT reported a positive first-half performance on Thursday, driven by development progress and a rebound in the occupier market, which supported earnings growth.
Thu 26 Sep 2024 08:39
(Sharecast News) - Videndum, an international provider of premium branded hardware products and software solutions to the content creation market, reported a 7% decline in revenue from continuing operations to £153.3m for its first half on Thursday, down from £165m a year earlier, as it warned that the full year would be below its previous expectations.
Thu 26 Sep 2024 08:31
(Sharecast News) - Halma backed its guidance for the full year on Thursday as it said further progress was made in the first half in trading conditions "which remain varied across our end markets".
Thu 26 Sep 2024 08:29
(Sharecast News) - Dar Global reported a first-half net loss of $12.8m on Thursday, contrasting sharply with a profit of $20.8m during the same period last year.
Thu 26 Sep 2024 08:13
(Sharecast News) - Thames Water has had its credit ratings cut even further, it was confirmed on Thursday, heaping yet more pressure on the crisis-struck utility.
Thu 26 Sep 2024 08:03
(Sharecast News) - Real estate group Segro said its business is performing well heading into the final months of the year as it progresses its £550m takeover of Tritax Eurobox, which is expected to close in the fourth quarter.
Thu 26 Sep 2024 07:48
(Sharecast News) - Schroders has moved its chief operating officer into the chief financial officer position, after its former finance lead was promoted to chief executive earlier this month.
Thu 26 Sep 2024 07:38
(Sharecast News) - AstraZeneca announced on Thursday that 'Tagrisso', or osimertinib, has been approved by the US Food and Drug Administration (FDA) for the treatment of adult patients with unresectable, stage three epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC), whose disease had not progressed after platinum-based chemoradiation therapy (CRT).
Thu 26 Sep 2024 07:28
(Sharecast News) - FTSE 250-listed water and sewerage group Pennon said like-for-like revenues in the first half were impacted by lower customer demand, which is expected to continue through to the end of the financial year.
Thu 26 Sep 2024 07:25
(Sharecast News) - UK's pub group Mitchells & Butlers on Thursday said fourth-quarter like-for-like sales slowed as riots in city centres and an unseasonably wet summer hit trade but added that it still expected to deliver annual results at the upper end of consensus expectations.
Thu 26 Sep 2024 07:07
(Sharecast News) - Deutsche Bank upgraded Watches of Switzerland on Thursday to 'buy' from 'hold' and lifted the price target to 490p from 435p.
Thu 26 Sep 2024 07:05
(Sharecast News) - Shares in Diageo jumped on Thursday after the drinks-making giant maintained guidance amid a "challenging" global environment for the industry.
Wed 25 Sep 2024 16:29
(Sharecast News) - Supermarket chain Morrisons has reportedly struck a £370m deal to unlock value from its vast property portfolio as its owners seek to further shrink the company's debt pile.
Wed 25 Sep 2024 14:47
(Sharecast News) - Flutter Entertainment surged on Wednesday as it announced a $5bn share buyback and said profits were expected to more than double by 2027.
Wed 25 Sep 2024 13:13
(Sharecast News) - Sainsbury's said on Wednesday that it was selling its ATM business to NoteMachine, a Brink's Company and one of the UK's leading ATM operators, for an undisclosed sum.
Wed 25 Sep 2024 12:28
(Sharecast News) - The CBI has added two senior City executives to its board, the UK's largest cross-sector business body announced on Wednesday.
Wed 25 Sep 2024 11:50
(Sharecast News) - After a quiet few days on the economic data and corporate earnings calendar, things ramp up on Thursday with a barrage of leading indicators due out in the US, along with speeches from some prominent central banks on both sides of the Pond.
Wed 25 Sep 2024 11:10
(Sharecast News) - Big Technologies reported a small decline in first-half revenue on Wednesday, with total income reaching £26.5m, down 3% from £27.3m in the same period last year, as it warned that full-year results would likely be at the lower end of market expectations.
Wed 25 Sep 2024 11:05
(Sharecast News) - Impact Healthcare announced the transfer of operations for four care homes in Scotland to new tenant operator Fulcrum Care on Wednesday.
Wed 25 Sep 2024 10:54
(Sharecast News) - Goodwin reported continued profitability and robust cash generation in a trading update on Wednesday, driven mainly by increased activity in its mechanical engineering division.
Wed 25 Sep 2024 10:43
(Sharecast News) - The Co-operative Group returned to profit at the half year, the member-owned business confirmed on Wednesday, despite a surge in shoplifting.
Wed 25 Sep 2024 10:19
(Sharecast News) - Rentokil Initial surged on Wednesday after it announced the appointment of a representative of Nelson Peltz's Trian Fund Management to its board as a non-executive director.
Wed 25 Sep 2024 09:39
(Sharecast News) - The US Justice Department has started an antitrust lawsuit against Visa, accusing it of running a monopoly in the debit card market.
Wed 25 Sep 2024 09:22
(Sharecast News) - Cinema operator Everyman Media Group said on Tuesday that it had delivered "strong growth" in revenue, underlying earnings and market share during the six months ended 27 June.
Wed 25 Sep 2024 08:56
(Sharecast News) - On the Beach hailed a record year of bookings on Wednesday, underpinned by a strong performance over the summer.
Wed 25 Sep 2024 07:50
(Sharecast News) - DFS Furniture said on Wednesday that it swung to a full-year loss in an "extremely challenging" market.
Wed 25 Sep 2024 07:47
(Sharecast News) - Shares in AIM-listed energy services engineering and tech group Enteq plummeted more than 40% on Wednesday after the heavily discounted fundraising.
Wed 25 Sep 2024 07:27
(Sharecast News) - EasyJet flew higher on Wednesday as JPMorgan Cazenove highlighted the stock as "a high conviction" 'overweight' in the low-cost carrier space.
Wed 25 Sep 2024 07:19
(Sharecast News) - IG Group announced the start of the second tranche of its share buyback programme on Wednesday, with an allocation of up to £75m.
Wed 25 Sep 2024 07:16
(Sharecast News) - UK property platform Rightmove has once again rejected a takeover offer from REA Group, saying the Australian outfit's latest proposal "materially undervalues" the company.
Wed 25 Sep 2024 07:03
(Sharecast News) - LondonMetric Property said it had bought six single let urban UK logistics properties for £78m from an unnamed FTSE 100 pension fund.
Tue 24 Sep 2024 14:36
(Sharecast News) - Collaboration software maker Smartsheet rallied on Tuesday after agreeing to be bought by alternative asset manager Blackstone and global investment firm Vista Equity Partners in an $8.4bn an all-cash deal.
Tue 24 Sep 2024 12:37
(Sharecast News) - Agronomics announced on Tuesday that its portfolio company Meatable has been awarded €7.6m in funding under the 'Innovation Credit' programme by the Netherlands Enterprise Agency (RVO).
Tue 24 Sep 2024 10:31
(Sharecast News) - RS Group said on Tuesday that it had identified around 150 basis points of additional cost efficiencies, which would contribute to achieving its medium-term target of mid-teen operating profit margins.
Tue 24 Sep 2024 10:16
(Sharecast News) - Commercial vehicle rental provider Zigup reported significant improvements in new vehicle supply in an update on Tuesday, bolstering its fleet replacement plans amid robust demand for light commercial vehicles (LCVs).
Tue 24 Sep 2024 10:08
(Sharecast News) - Canaccord Genuity has initiated coverage on workforce benefits and health insurance provider Personal Group on Tuesday with a 'buy' rating and 209.0p target price.
Tue 24 Sep 2024 10:07
(Sharecast News) - Analysts at Berenberg lowered their target price on essential components manufacturer Essentra from 255.0p to 200.0p on Tuesday, citing a weak market backdrop.
Tue 24 Sep 2024 09:46
(Sharecast News) - Pharmaceutical and biotechnology company GSK said on Tuesday that the European Medicine Agency has recommended meningococcal vaccine for use against certain bacteria groups.
Tue 24 Sep 2024 09:28
(Sharecast News) - Card Factory tumbled on Tuesday as it posted a decline in first-half profit, partly due to increases in the national living wage.
Tue 24 Sep 2024 09:21
(Sharecast News) - Venture capital firm 3i Group said on Tuesday that it had seen a "good overall performance" across both its private equity and infrastructure portfolios so far this year despite trading against a "weak economic backdrop".
Tue 24 Sep 2024 09:11
(Sharecast News) - NewRiver REIT announced a recommended cash and share offer to acquire Capital & Regional on Tuesday, in a deal valued at £147m.
Tue 24 Sep 2024 08:21
(Sharecast News) - STEM recruitment specialist SThree reported an 8% year-on-year decrease in net fees in a third-quarter update on Tuesday, primarily driven by an 8% decline in contract-related revenues, which now constituted 84% of total net fees.
Tue 24 Sep 2024 08:07
(Sharecast News) - Real estate investor and developer LondonMetric has appointed British Land's head of real estate as its new chief investment officer.
Tue 24 Sep 2024 07:58
(Sharecast News) - Construction company Galliford Try has secured an £88.9m contract to complete the South East Aylesbury Link Road project on behalf of Buckinghamshire Council.
Tue 24 Sep 2024 07:57
(Sharecast News) - Irn-Bru maker AG Barr backed its full-year expectations on Tuesday as it posted a rise in interim profit and revenue and lifted its dividend.
Tue 24 Sep 2024 07:43
(Sharecast News) - Barclays said on Tuesday that Dunelm's biggest shareholder, Will Adderley, and his private investment firm WA Capital, have sold a 4.9% stake in the homeware retailer in a placing to institutional investors.
Tue 24 Sep 2024 07:41
(Sharecast News) - Legal & General has nabbed the head of Prudential Financial's investment management business to lead its new Asset Management arm.
Tue 24 Sep 2024 07:18
(Sharecast News) - Building materials group CRH said on Tuesday that Albert Manifold has decided to retire as chief executive at the end of this year and will be succeeded by Jim Mintern.
Tue 24 Sep 2024 07:17
(Sharecast News) - Smiths Group reported solid revenue growth against a record comparator in the year ended 31 July, but shares in the engineering solutions business dropped sharply as profits came in short of market forecasts.
Tue 24 Sep 2024 07:05
(Sharecast News) - Low-cost micro computer maker Raspberry Pi posted better than-expected interim profit in its maiden results as a listed company, sending shares in the firm higher.
Mon 23 Sep 2024 18:52
(Sharecast News) - With no blue-chip companies scheduled to report earnings, the focus of Tuesday's session is likely to be on economy data overseas, with closely watched sentiment indicators due out in Germany and the US.
Mon 23 Sep 2024 11:31
(Sharecast News) - Gamma Communications, a provider of technology-based communication services across Europe, finalised its acquisition of BroadSoft Germany, trading as Placetel, from Cisco on Monday.
Mon 23 Sep 2024 11:21
(Sharecast News) - Specialised porous materials provider Porvair announced the appointment of Hooman Caman Javvi as its new chief executive officer and a director on Monday.
Mon 23 Sep 2024 11:16
(Sharecast News) - Oxford Biomedica, a prominent gene and cell therapy company, reported significant revenue growth alongside strategic advancements in its interim results on Monday.
Mon 23 Sep 2024 10:27
(Sharecast News) - Britain's largest water provider Thames Water will receive a much-needed £1.0bn lifeline by creditors before the end of the year, according to the Times.
Mon 23 Sep 2024 09:45
(Sharecast News) - Analysts at Canaccord Genuity took a fresh look at telecommunications testing company Spirent Communications on Monday following a Reuters report that revealed Viavi "could make another bid" for the company should Keysight's recommended 199.0p per share offer fail due to regulatory concerns.
Mon 23 Sep 2024 09:43
(Sharecast News) - Software firm Oxford Metrics warned on Monday that full-year adjusted pre-tax profits were now expected to be "materially below" current market expectations as customers exercised greater caution.
Mon 23 Sep 2024 09:03
(Sharecast News) - Berenberg lifted its price target on Currys on Monday to 125p from 92p as it pointed to confidence in both the growth outlook and improving cash generation.
Mon 23 Sep 2024 08:50
(Sharecast News) - Revolution Beauty Group announced new manufacturing and supply agreements involving its subsidiary Revolution Labs on Monday, reporting that it would produce and supply beauty and personal care products to Carbon Theory and Delhicious.
Mon 23 Sep 2024 08:40
(Sharecast News) - BNP Paribas said on Monday that it has agreed to buy HSBC's private banking activities in Germany, as it looks to position its wealth management arm "among the top leading players in Germany" and bring its assets under management to more than €40bn.
Mon 23 Sep 2024 08:06
(Sharecast News) - Shares in Petrofac rose on Monday after the energy infrastructure services group secured yet more additional time with its bondholders to make its interest payment obligations.
Mon 23 Sep 2024 08:03
(Sharecast News) - Software-as-a-Service technology group Eagle Eye Solutions has secured a five-year contract for its AIR platform with a leading UK retailer.
Mon 23 Sep 2024 07:50
(Sharecast News) - Construction group Galliford Try said on Monday that its Environment business has been appointed to two lots on the new Wessex Water Capital Delivery Framework, part of the AMP8 delivery period.
Mon 23 Sep 2024 07:49
(Sharecast News) - Shares in Union Jack Oil were trading lower on Monday despite the UK and US-focused energy producer hailing a "solid and profitable" first half and delivering an optimistic outlook.
Mon 23 Sep 2024 07:36
(Sharecast News) - Chipmakers TSMC and Samsung are reportedly considering establishing chip projects in the United Arab Emirates, which could be valued at more than $100bn.
Mon 23 Sep 2024 07:30
(Sharecast News) - Apollo Global Management has reportedly offered to make a multibillion-dollar investment in Intel in a move that would be a vote of confidence in the chipmaker's turnaround strategy.
Mon 23 Sep 2024 07:30
(Sharecast News) - BT is investing £4m of its apprenticeship levy reserves to launch a new Apprenticeship Fund, designed to support SMEs, charities and public-sector organisations across England.
Mon 23 Sep 2024 07:17
(Sharecast News) - AstraZeneca updated the market on two ongoing drug trials on Monday, with a key trial in breast cancer failing to improve survival.
Mon 23 Sep 2024 07:16
(Sharecast News) - Shares in Alphawave IP dropped by almost a third on Monday after the connectivity solutions group swung to a loss in the first half while revenues halved which it blamed on the timing of specific customer programmes.
Mon 23 Sep 2024 07:04
(Sharecast News) - Rightmove on Monday said it would respond to a third offer from Rupert Murdoch's REA Group for the UK housing portal valuing it at £6.1bn, "in due course".
Fri 20 Sep 2024 12:56
(Sharecast News) - Berenberg lifted its price target on Volution on Friday to 700p from 600p after it announced an agreement to buy Fantech Group in Australasia from Elta Group for up to AUD280m (£144m).
Fri 20 Sep 2024 10:04
(Sharecast News) - Construction giant ISG has gone into administration, it emerged on Friday, putting thousands of jobs at risk.
Fri 20 Sep 2024 09:25
(Sharecast News) - Bridgepoint slid on Friday after a group of 103 current and former employees and some related entities sold 14.7m shares in a placing.
Fri 20 Sep 2024 09:04
(Sharecast News) - Shore Capital says UK retailers have a reason to be "quite cheerful" after August's strong retail sales data on Friday, with listed supermarket companies likely to benefit from improving macro conditions.
Fri 20 Sep 2024 08:51
(Sharecast News) - Jefferies downgraded Burberry on Friday to 'underperform' from 'hold' and slashed the price target to 490p from 800p as it took a look at European luxury brands.
Fri 20 Sep 2024 08:44
(Sharecast News) - Crisis-struck Thames Water has started discussions with stakeholders about releasing more cash reserves, it was confirmed on Friday, as it battles to stay afloat.
Fri 20 Sep 2024 08:05
(Sharecast News) - Dr Martens tumbled on Friday after an unnamed investor sold around 70m shares in the iconic boot maker in a placing.
Fri 20 Sep 2024 07:16
(Sharecast News) - Investec Group projected a stable financial performance for the first half in an update on Friday, despite economic uncertainties earlier in the year.
Fri 20 Sep 2024 07:16
(Sharecast News) - Volution said on Friday that it has agreed to buy Fantech Group in Australasia from Elta Group for up to AUD280m (£144m).
Thu 19 Sep 2024 15:43
(Sharecast News) - Both central banks are expected to announce that interest rates will remain unchanged.
Thu 19 Sep 2024 14:49
(Sharecast News) - Insurance and reinsurance marketplace Lloyds of London has appointed McKinsey veteran and former Treasury official Sir Charles Roxburgh as its new chair.
Thu 19 Sep 2024 12:40
(Sharecast News) - Angle's share price received a boost on Thursday after the liquid biopsy company announced a new agreement with Utah-based biotech firm Recursion Pharmaceuticals.
Thu 19 Sep 2024 12:18
(Sharecast News) - British water utility company Thames Water was said to be lining up court dates in an effort to push through with a massive debt restructuring programme that may keep it out of government hands.
Thu 19 Sep 2024 11:45
(Sharecast News) - Accsys Technologies, a provider of sustainable wood building materials, announced its decision to discontinue operations at the Tricoya plant in Hull on Thursday.
Thu 19 Sep 2024 11:37
(Sharecast News) - European Union competition authorities started proceedings against Apple on Thursday, in a bid to enforce compliance with regulations that mandate the company to open its proprietary ecosystem to competitors.
Thu 19 Sep 2024 11:23
(Sharecast News) - The European Union has overturned a court ruling against the UK relating to alleged tax breaks for multinational companies, it was confirmed on Thursday.
Thu 19 Sep 2024 10:46
(Sharecast News) - Equipment rental specialist Ashtead Group said it would implement its remuneration policy, after failing to receive further feedback during a shareholder consultation.
Thu 19 Sep 2024 09:34
(Sharecast News) - S4 Capital maintained its full-year profit targets in its interim results on Thursday, despite a significant drop in net revenue, as it warned of a bigger-than-expected fall in full year net revenue.
Thu 19 Sep 2024 09:26
(Sharecast News) - RBC Capital Markets lifted its price target on JTC on Thursday as it updated its forecasts for the first-half results, forex and the Citi Trust acquisition, assuming it completes at the end of H125.
Thu 19 Sep 2024 09:22
(Sharecast News) - Marine engineering services provider James Fisher & Sons said on Thursday that it has secured £95.0m of new bank facilities, providing it with increased flexibility to operate and reducing overall maintenance costs.
Thu 19 Sep 2024 08:41
(Sharecast News) - Hill & Smith said on Thursday that it has appointed Rutger Helbing as chief executive officer with immediate effect.
Thu 19 Sep 2024 08:03
(Sharecast News) - Consumer goods manufacturer Supreme said on Thursday that it had "traded strongly" across the year ended 31 March, delivering record organic revenue and profit growth and ending the year debt-free.
Thu 19 Sep 2024 07:48
(Sharecast News) - Bytes Technology said on Wednesday that trading has remained strong since it updated the market at its annual meeting in July.
Thu 19 Sep 2024 07:48
(Sharecast News) - Capricorn Energy shares jumped on Thursday after the British oil and gas group impressed with its first-half results and reiterated its full-year production guidance.
Thu 19 Sep 2024 07:34
(Sharecast News) - Berenberg initiated coverage of equipment rental firm Ashtead on Thursday with a 'buy' rating and 7,000p price target.
Thu 19 Sep 2024 07:30
(Sharecast News) - Close Brothers announced an agreement to sell its wealth management subsidiary, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, for an equity value of up to £200m on Thursday, alongside a solid set of full-year results.
Thu 19 Sep 2024 07:24
(Sharecast News) - UK defence company Babcock held annual guidance as underlying profit rose in the first five months of the financial year.
Thu 19 Sep 2024 07:19
(Sharecast News) - Judges Scientific, a specialist in acquiring and developing scientific instrument companies, reported a decline in first-half profits on Thursday amid subdued trading conditions and challenging market environments, while it bolstered its shareholder return with a 10% increase in its interim dividend.
Thu 19 Sep 2024 07:14
(Sharecast News) - Online grocer and logistics group Ocado has upgraded its revenue guidance for its retail division following a strong third-quarter performance which saw revenues jump as both customer numbers and the number of orders rose.
Thu 19 Sep 2024 07:04
(Sharecast News) - UK clothing retailer Next once again upgraded annual earnings guidance, with full year profits now expected to hit almost £1bn as recent full price sales "materially exceeded" forecasts.
Wed 18 Sep 2024 21:22
(Sharecast News) - NewRiver REIT reached a potential agreement to acquire Capital & Regional in a cash and share transaction.
Wed 18 Sep 2024 13:30
(Sharecast News) - GSK announced on Wednesday that it has reached confidential settlements in two lawsuits filed in California State Court related to its discontinued heartburn medication, 'Zantac', or ranitidine.
Wed 18 Sep 2024 13:29
(Sharecast News) - Goldman Sachs upgraded InterContinental Hotels to 'buy' from 'neutral' on Wednesday and cut Premier Inn owner Whitbread to 'neutral' from 'buy' as it reshuffled its European-listed hotel ratings.
Wed 18 Sep 2024 12:47
(Sharecast News) - Hostmore, which owns the UK franchise of TGI Fridays, said on Wednesday that it was filing for administration.
Wed 18 Sep 2024 12:31
(Sharecast News) - The chief executive officer of Post Office, Nick Read, is to step down after five years on the job, the state-owned postal company announced on Wednesday.
Wed 18 Sep 2024 11:40
(Sharecast News) - The market spotlight on Thursday will be firmly on the Bank of England as rate-setters meet to decide on policy.
Wed 18 Sep 2024 11:35
(Sharecast News) - Goldman Sachs has downgraded non-life insurer Hiscox and upgraded sector peer Lancashire as part of its review of the European insurance sector.
Wed 18 Sep 2024 11:07
(Sharecast News) - AFC Energy, a provider of hydrogen power generation technologies, announced the launch of Hyamtec on Wednesday - a wholly-owned subsidiary established to commercialise the company's next-generation distributed ammonia cracking technology.
Wed 18 Sep 2024 10:08
(Sharecast News) - Citi upgraded Hammerson to 'buy' from 'neutral' on Wednesday and lifted the price target to 43p from 26p, saying it was entering a "new positive up cycle".
Wed 18 Sep 2024 10:07
(Sharecast News) - Kettle control and water filtration technology specialist Strix Group reported adjusted revenue of £67.2m for its first half on Wednesday, marking a 3.5% increase at constant exchange rates, though it warned of a weaker third-quarter performance.
Wed 18 Sep 2024 10:07
(Sharecast News) - Sales growth across the UK's grocery sector slowed over the last month, industry data showed on Wednesday, as shopping habits returned to normal after the long summer break.
Wed 18 Sep 2024 09:46
(Sharecast News) - Supermarket chain Asda announced on Wednesday that co-owner Mohsin Issa was stepping back from his executive leadership role to dedicate more time to his position as the sole chief executive officer of petrol station operator EG Group.
Wed 18 Sep 2024 09:36
(Sharecast News) - Analysts at Berenberg hiked their target price on cosmetics group Warpaint London from 580.0p to 680.0p on Wednesday after the company delivered "significant" end-market outperformance and margin expansion in its interim report card.
Wed 18 Sep 2024 09:27
(Sharecast News) - Residential construction group MJ Gleeson said on Wednesday that planning setbacks had resulted in a significant profit decline for the year ended 30 June.
Wed 18 Sep 2024 09:22
(Sharecast News) - Reckitt Benckiser has reportedly started early discussions with some of the potential suitors for its homecare assets, which could fetch more than £6bn in a deal.
Wed 18 Sep 2024 08:23
(Sharecast News) - Online greeting card and gift retailer Moonpig backed its full-year guidance on Wednesday as it said trading has been in line with expectations.
Wed 18 Sep 2024 08:04
(Sharecast News) - Newspaper distributor Smiths News has inked a long-term contract renewal with the Financial Times.
Wed 18 Sep 2024 07:43
(Sharecast News) - Grocery store investor Supermarket Income REIT hailed a resilient performance during its most recent financial year, growing rental income and profits despite ongoing macro challenges, as it delivered an optimistic outlook for the year ahead.
Wed 18 Sep 2024 07:35
(Sharecast News) - Alphawave IP Group said executive director Sehat Sutardja, which it described as "one of the pioneers" of the modern semiconductor industry, had died.
Wed 18 Sep 2024 07:29
(Sharecast News) - AstraZeneca has received the green light for its Fasenra drug in the US, used to treat patients with a rare inflammatory disease.
Wed 18 Sep 2024 07:26
(Sharecast News) - RBC Capital Markets initiated coverage of Marshalls on Wednesday with a 'sector perform' rating and 370p price target.
Wed 18 Sep 2024 07:21
(Sharecast News) - In one of the shortest trading statements ever, Warhammer maker Games Workshop on Wednesday said trading for the three months to September 1 had been in line with expectations.
Wed 18 Sep 2024 07:18
(Sharecast News) - Consumer goods company PZ Cussons reported a 10.6% drop in full-year revenue to £527.9m on Wednesday, primarily due to the significant devaluation of the Nigerian naira against sterling.
Wed 18 Sep 2024 07:18
(Sharecast News) - Inkjet technology specialist Xaar reported interim revenue of £28.6m on Wednesday, down from £34.5m in the same period last year.
Wed 18 Sep 2024 07:16
(Sharecast News) - UK inflation was unchanged in August, according to figures released on Wednesday by the Office for National Statistics, remaining above the Bank of England's target.
Wed 18 Sep 2024 07:15
(Sharecast News) - Segro said it had priced €500m of senior unsecured bond issue for an eight-year term at 123 basis points above euro mid-swaps with an annual coupon of 3.5%.
Wed 18 Sep 2024 07:02
(Sharecast News) - Legal & General said it had sold UK house builder Cala for £1.35bn to its former joint venture partner Patron Capital and investment group Sixth Street Partners as it looks to focus on its main businesses.
Tue 17 Sep 2024 15:11
(Sharecast News) - Switzerland's financial market regulator on Tuesday said it had confiscated 12.7 million Swiss francs (£11.36m) from private bank Mirabaud for breaches of financial market law and money-laundering obligations.
Tue 17 Sep 2024 13:38
(Sharecast News) - Physiomics, a specialist in mathematical modelling and data science for drug development and personalised medicine, announced on Tuesday that it has secured a new contract worth £65,000 from an existing large pharmaceutical client.
Tue 17 Sep 2024 13:38
(Sharecast News) - Physiomics, a specialist in mathematical modelling and data science for drug development and personalised medicine, announced on Tuesday that it has secured a new contract worth £65,000 from an existing large pharmaceutical client.
Tue 17 Sep 2024 13:12
(Sharecast News) - The Guardian's parent company has confirmed speculation that it in discussions with Tortoise Media to sell The Observer, the world's oldest Sunday newspaper.
Tue 17 Sep 2024 12:43
(Sharecast News) - Fintel warned on Tuesday that full-year earnings would likely be "marginally" lower than expected due to additional staff costs in the second half.
Tue 17 Sep 2024 11:43
(Sharecast News) - Jefferies has cut its target price for ecommerce group THG on the back of weaker-than-expected numbers for its Nutrition business, but said it was encouraged by improving momentum within the division going into the second half.
Tue 17 Sep 2024 11:25
(Sharecast News) - Digital learning and talent management specialist Learning Technologies Group said in its half-year results on Tuesday that despite a subdued macroeconomic backdrop affecting overall spending on learning and talent development, it recorded healthy profit growth and strong cash generation.
Tue 17 Sep 2024 10:54
(Sharecast News) - Henry Boot, a UK-based company specialising in land promotion, property investment and development, and construction, reported strong land and property sales in its interim results on Tuesday, although its profitability declined.
Tue 17 Sep 2024 10:42
(Sharecast News) - Cleaning goods maker McBride delivered full-year profits slightly ahead of market forecasts on Tuesday and said it remains on track to hit estimates this year on the back of a recovery in the contract manufacturing business.
Tue 17 Sep 2024 10:35
(Sharecast News) - JTC, a global provider of fund, corporate, and private client services, saw its shares slide on Tuesday morning, even after it announced robust interim results for the six months ended 30 June.
Tue 17 Sep 2024 10:22
(Sharecast News) - JPMorgan Cazenove upgraded Auction Technology on Tuesday to 'overweight' from neutral' as it argued the shares are overly discounting earnings risk into 2025.
Tue 17 Sep 2024 09:51
(Sharecast News) - British video game developer Team17 reported double-digit growth in the firs half, helped by the launch of new games, while profits rose by nearly a quarter.
Tue 17 Sep 2024 08:40
(Sharecast News) - Urban Logistics REIT announced the successful refinancing of its £151m debt facility on Tuesday.
Tue 17 Sep 2024 08:11
(Sharecast News) - UK energy supplier Ovo has been ordered to pay £2.4m in compensation to customers and a government redress fund due to failures customer complaints handling.
Tue 17 Sep 2024 08:00
(Sharecast News) - Essentra warned on Tuesday that full-year adjusted operating profit would be below market expectations, pinning the blame partly on softer market conditions in Europe in August and into September.
Tue 17 Sep 2024 07:59
(Sharecast News) - Ecommerce group THG announced plans on Tuesday to break up its business, demerging its tech platform Ingenuity into a separate entity and transfer its listing so the remaining company can be included in FTSE benchmarks.
Tue 17 Sep 2024 07:51
(Sharecast News) - Life sciences investor IP Group reported a wider half-year loss and lower net asset value against what it called a "challenging" economic backdrop but said there were signs that conditions were improving with increase "appetite" for its portfolio.
Tue 17 Sep 2024 07:47
(Sharecast News) - Gambling technology firm Playtech said on Tuesday that it has agreed to sell its Italian business, Snaitech, to Paddy Power owner Flutter Entertainment for €2.3bn in cash.
Tue 17 Sep 2024 07:31
(Sharecast News) - Private equity group Petershill Partners has reiterated its guidance for 2024 after a solid first half, with double-digit growth in partner fee-related earnings and assets under management, as it announced a special dividend following a recent disposal.
Tue 17 Sep 2024 07:27
(Sharecast News) - RBC Capital Markets downgraded Compass Group on Tuesday to 'sector perform' from 'outperform' as shares are now trading ahead of its unchanged price target of 2,400p.
Tue 17 Sep 2024 07:24
(Sharecast News) - British American Tobacco (BAT) announced a number of leadership changes on Tuesday, aimed at accelerating its strategy to build a smokeless future and enhance sustainability.
Tue 17 Sep 2024 07:19
(Sharecast News) - Floorcoverings distributor Headlam Group reported an underlying operating loss of £13.1m for the first half on Tuesday, swinging from an £8.2m profit in the same period last year.
Tue 17 Sep 2024 07:12
(Sharecast News) - Japan's health ministry has accepted for review a new drug application (NDA) for GSK's Blenrep blood cancer treatment, marking the third major regulatory filing acceptance for the drug.
Tue 17 Sep 2024 07:02
(Sharecast News) - Shares in Kingfisher surged on Tuesday as the B&Q owner lifted the lower end of full year profit guidance despite consumers avoiding 'big ticket' items and a sharp fall in sales at its French outlets.
Mon 16 Sep 2024 16:20
(Sharecast News) - Investors' focus on Tuesday will be on the latest industrial production and retail sales numbers out of the US.
Mon 16 Sep 2024 15:00
(Sharecast News) - BP is planning to offload its onshore wind division in the US, disposing of interests in 10 assets, according to a statement from the energy titan on Monday.
Mon 16 Sep 2024 12:34
(Sharecast News) - Berenberg lifted its price target on JTC on Monday to 1,400p from 1,300p on the back of news it has acquired Citi Trust - the global fiduciary and trust administration services business - from Citigroup for $80m.
Mon 16 Sep 2024 12:21
(Sharecast News) - Paddy Power owner Flutter Entertainment is reportedly closing in on a £2bn swoop for the consumer operations of Playtech.
Mon 16 Sep 2024 12:18
(Sharecast News) - Belfast shipbuilder Harland & Wolff on Monday said it would enter administration this week after failing to find new cash sources.
Mon 16 Sep 2024 11:29
(Sharecast News) - Cambridge-based biotechnology firm Sareum Holdings announced on Monday that it has received a notice of allowance from the China National Intellectual Property Administration for its patent application concerning crystalline forms of SDC-1801.
Mon 16 Sep 2024 10:53
(Sharecast News) - Henry Boot announced on Monday that its land promotion and planning subsidiary Hallam Land has completed the sale of 491 residential plots at the Pickford Gate development in Coventry to David Wilson Homes, a division of Barratt Developments.
Mon 16 Sep 2024 10:49
(Sharecast News) - Cybersecurity specialist Darktrace announced on Monday that all regulatory and competition conditions for its acquisition by Luke Bidco had been satisfied.
Mon 16 Sep 2024 10:11
(Sharecast News) - Galliford Try announced on Monday that it would delay the publication of its annual results statement.
Mon 16 Sep 2024 09:41
(Sharecast News) - American asset management firm Apollo Global Management has invested in BP's part-owned Trans Adriatic Pipeline as part of a $1bn deal.
Mon 16 Sep 2024 09:24
(Sharecast News) - TT Electronics tumbled on Monday as it downgraded its full-year outlook, citing "operational efficiency issues" in two North American sites.
Mon 16 Sep 2024 09:19
(Sharecast News) - Underlying profits at Science in Sport nearly doubled in the first half of 2024, as work to improve margins made up for a big drop in revenues amid a complete restructuring of the performance nutrition manufacturer which saw the shake-up of its board.
Mon 16 Sep 2024 09:16
(Sharecast News) - Shares in Rexel surged on Monday after the French electrical parts company rejected a takeover offer from QXO of the US, valuing it at €8.46bn.
Mon 16 Sep 2024 08:41
(Sharecast News) - Keywords Studios, a provider of creative and technology services to the global video game and entertainment industries, reported a modest increase in first-half revenue in its interim results on Monday, but faced challenges with profitability.
Mon 16 Sep 2024 08:26
(Sharecast News) - RBC Capital Markets lifted its price target on Marks & Spencer on Monday to 400p from 350p as it raised estimates on the 'outperform' rated stock, pointing to sales momentum and the recent re-rating of the UK food retail sector.
Mon 16 Sep 2024 07:57
(Sharecast News) - Shares in Playtech rose sharply on Monday after the UK gambling technology maker said it had struck a revised deal with Mexican gambling operator Caliente Interactive over their Caliplay joint venture and said annual adjusted earnings would be slightly ahead of expectations, driven by its business-to-business (B2B) division.
Mon 16 Sep 2024 07:53
(Sharecast News) - Professional services provider JTC said on Monday that it has bought Citi Trust - the global fiduciary and trust administration services business - from Citigroup for $80m.
Mon 16 Sep 2024 07:39
(Sharecast News) - Watchstone Group announced its results for the six months ended 30 June on Monday, reporting a substantial reduction in operating losses compared to the same period last year.
Mon 16 Sep 2024 07:33
(Sharecast News) - HgCapital Trust, the FTSE 250-listed investor in European and transatlantic software and services businesses, reported a 6.4% increase net asset value (NAV) in the first half, with double-digit revenue and profit growth achieved across its top 20 investments.
Mon 16 Sep 2024 07:16
(Sharecast News) - Close Brothers said on Monday that chief executive Adrian Sainsbury has taken a temporary medical leave of absence from the business.
Mon 16 Sep 2024 07:16
(Sharecast News) - Octopus Renewables Infrastructure Trust reported a net asset value total return of 2% for the first half on Monday, an improvement from 0.9% in the same period last year.
Mon 16 Sep 2024 07:09
(Sharecast News) - Pensions, savings and life insurance provider Phoenix reported a 15% increase in adjusted operating profits in the first half and reiterated its medium-term targets for earnings and cash generation.
Mon 16 Sep 2024 07:03
(Sharecast News) - Shares in UK automotive parts supplier TI Fluid Systems soared by 15% on Monday as the company said it had rebuffed two approaches from Canada's ABC Technologies over the past month.
Fri 13 Sep 2024 16:21
(Sharecast News) - Two of Britain's largest newspaper publishers, News UK and DMGT, are implementing significant job cuts in their US digital operations, it emerged on Friday.
Fri 13 Sep 2024 13:04
(Sharecast News) - PRS REIT announced on Friday that it has reached an agreement with requisitioning shareholders, resulting in the withdrawal of a notice that called for a general meeting to approve certain board changes.
Fri 13 Sep 2024 11:43
(Sharecast News) - RBC Capital Markets has hiked its target price for Travis Perkins by more than a fifth, saying the builders merchant is well positioned ahead of the arrival of a new chief executive and chair-designate.
Fri 13 Sep 2024 11:14
(Sharecast News) - Triple Point Social Housing reported a significant increase in adjusted earnings per share and robust rental growth across its portfolio in its first-half results on Friday.
Fri 13 Sep 2024 08:17
(Sharecast News) - Endeavour Mining's share price was given a boost on Friday after the West Africa-based gold producer achieved commercial production at its mines in Senegal and Côte d'Ivoire.
Fri 13 Sep 2024 07:42
(Sharecast News) - Infrastructure group Balfour Beatty said on Friday that it has been awarded a £363m contract by National Grid to deliver the Bramford to Twinstead Reinforcement project.
Fri 13 Sep 2024 07:39
(Sharecast News) - Citi has lifted its target price for Tesco shares ahead of the supermarket giant's interim results next month, saying that the retailer's continued market share gains should be reflected in the figures.
Fri 13 Sep 2024 07:30
(Sharecast News) - Paddy Power owner Flutter Entertainment said on Friday that it has bought a 56% stake in NSX Group, a Brazilian operator of the Betnacional brand, for around $350m.
Fri 13 Sep 2024 07:21
(Sharecast News) - National Grid announced on Friday that it has reached agreement with the UK government to sell the Electricity System Operator (ESO) for an enterprise value of £630m.
Fri 13 Sep 2024 07:19
(Sharecast News) - China's health authority has granted GSK's Blenrep blood cancer treatment with a so-called 'Breakthrough Therapy Designation' (BTD), which is designed to speed up development of investigational drugs.
Fri 13 Sep 2024 07:04
(Sharecast News) - Britain's competition regulator on Friday said Vodafone and Hutchison Three's £15bn merger could lead to higher prices for tens of millions of consumers and a "substantial" weakening of competition.
Thu 12 Sep 2024 14:05
(Sharecast News) - Investors' focus at the end of the week will continue to be on the inflation picture Stateside.
Thu 12 Sep 2024 12:41
(Sharecast News) - London's FTSE 100 was heading higher on Thursday, lifted by strong gains from Diageo and a host of mining stocks, while the downside continued to be led by Rentokil.
Thu 12 Sep 2024 12:17
(Sharecast News) - Shop workers union Usdaw has won its appeal in a Supreme Court battle against Tesco over its so-called 'fire and rehire' approach to cutting staff pay, bringing a three-year legal saga to an end.
Thu 12 Sep 2024 11:52
(Sharecast News) - Canaccord Genuity has cut its rating for James Fisher and Sons from 'buy' to 'hold', saying that the marine engineering services group still has a long way to go in its turnaround.
Thu 12 Sep 2024 11:49
(Sharecast News) - Harworth Group reported strong results for the first half on Thursday, marked by significant growth in net development value (NDV) and total returns.
Thu 12 Sep 2024 11:45
(Sharecast News) - Gulf Marine Services (GMS) announced on Thursday that it has secured a new long-term contract for one of its vessels operating in the Gulf Cooperation Council (GCC) region, marking a significant boost for the company.
Thu 12 Sep 2024 11:19
(Sharecast News) - Ceres Power announced on Thursday that it has signed a key agreement with Thermax to licence its solid oxide electrolysis cell (SOEC) technology, marking its entry into the fast-growing Indian clean energy market.
Thu 12 Sep 2024 10:23
(Sharecast News) - Shopping centre owner Capital & Regional has extended the so-called 'put up or shut up' deadline for a takeover offer from NewRiver by two weeks.
Thu 12 Sep 2024 10:06
(Sharecast News) - Spire Healthcare Group reported a strong set of first-half results on Thursday, driven by growth in private revenue, increased support for the NHS, and improving margins in its hospitals.
Thu 12 Sep 2024 09:57
(Sharecast News) - Analysts at Berenberg raised their target price on digital rail and coach ticketing platform Trainline from 460.0p to 475.0p on Thursday following the release of the group's H1 trading update earlier in the morning.
Thu 12 Sep 2024 08:56
(Sharecast News) - Online trading business IG Group said on Thursday that total revenues had grown in the three months ended 31 August.
Thu 12 Sep 2024 08:55
(Sharecast News) - GSK announced promising results from its phase two clinical trial for an mRNA-based seasonal flu vaccine on Thursday.
Thu 12 Sep 2024 07:59
(Sharecast News) - Renishaw reported solid full-year strategic progress in its final results on Thursday, with revenue reaching record levels, although profits slid.
Thu 12 Sep 2024 07:51
(Sharecast News) - NCC Group said on Thursday that trading in the fourth quarter was better than expected and lifted its outlook, sending shares in the cyber security firm surging.
Thu 12 Sep 2024 07:46
(Sharecast News) - Interim losses narrowed at John Lewis Partnership, the retailer confirmed on Thursday, leaving it on track to deliver "significantly" higher full-year profits.
Thu 12 Sep 2024 07:34
(Sharecast News) - Trainline lifted its full-year outlook on Thursday following a strong first half, which was ahead of its expectations.
Thu 12 Sep 2024 07:22
(Sharecast News) - Kier Group reported significant growth and debt reduction in its full-year results on Thursday, driven by strong operational performance across its divisions.
Wed 11 Sep 2024 15:57
(Sharecast News) - JPMorgan Cazenove upgraded Rotork on Wednesday to 'overweight' from 'neutral' and lifted the price target to 370p from 365p.
Wed 11 Sep 2024 15:27
(Sharecast News) - Manchester United reported a net loss of £113.2m for the year ended 30 June on Wednesday, although the football club maintained that it was in compliance with both the Premier League's Profitability and Sustainability Rules (PSR) and UEFA's Financial Fair Play regulations.
Wed 11 Sep 2024 12:33
(Sharecast News) - Analysts at Berenberg slightly raised their target price on reviews platform operator Trustpilot from 260.0p to 270.0p on Wednesday following the group's interim results earlier in the morning.
Wed 11 Sep 2024 12:20
(Sharecast News) - Investors' focus on Thursday will shift to the other side of the Channel, where the European Central Bank is scheduled to announce its policy decision.
Wed 11 Sep 2024 12:13
(Sharecast News) - Swedish buyout firm EQT has reportedly joined a queue of buyout firms exploring the purchase of a big stake in the UK operations of accountancy firm Grant Thornton.
Wed 11 Sep 2024 10:37
(Sharecast News) - The government has agreed to pay Tata Steel £500m to help redevelop the Port Talbot steelworks, it was announced on Wednesday, securing the site's future.
Wed 11 Sep 2024 10:24
(Sharecast News) - Ricardo has delivered annual results broadly in line with market forecasts, with solid growth in underlying profits, with the engineering, environmental and strategic consultancy services company expressing confidence heading into the new financial year.
Wed 11 Sep 2024 09:32
(Sharecast News) - The Gym Group's interim results were welcomed by investors on Wednesday, with the 24/7 budget fitness chain's share price rising strongly on the back of upgraded guidance following a big jump in profits in the first half.
Wed 11 Sep 2024 09:22
(Sharecast News) - British airport Heathrow said on Wednesday that it had set a new monthly record for passenger numbers in August, with 7.97m people passing through its gates last month.
Wed 11 Sep 2024 09:16
(Sharecast News) - Asos has nearly halved its debt, the fast-fashion retailer confirmed on Wednesday, following the sale of its majority stake in Topshop and Topman.
Wed 11 Sep 2024 09:14
(Sharecast News) - Costain slumped on Wednesday after Dubai-based Al Shafar General Contracting Company (ASGC) exited its investment in the construction company in a placing of just over 41.6 million shares to institutional investors.
Wed 11 Sep 2024 09:12
(Sharecast News) - Mining giant Anglo American has raised ZAR 7.2bn (£308.03m) after an accelerated bookbuild saw it offer up 13.94m ordinary shares at a price of ZAR 515.0p per share.
Wed 11 Sep 2024 09:12
(Sharecast News) - Trustpilot Group reported a strong first-half performance on Wednesday, surpassing market expectations in a number of areas.
Wed 11 Sep 2024 08:47
(Sharecast News) - Drugmaker GSK said on Wednesday that primary objective data analysts from a phase II trial of its early-stage therapeutic herpes simplex virus vaccine candidate showed that the drug had failed to meet its primary efficacy objective.
Wed 11 Sep 2024 08:46
(Sharecast News) - WH Smith reiterated its full-year outlook and unveiled a £50m share buyback on Wednesday, sending shares soaring in early trading, after a buoyant fourth quarter.
Wed 11 Sep 2024 08:12
(Sharecast News) - Primark owner Associated British Foods announced an extension of its share repurchase programme on Wednesday, with an additional £100m allocated for the buyback.
Wed 11 Sep 2024 08:09
(Sharecast News) - Public transport business Firstgroup has tapped Lena Wilson to take over as chair, with effect from 1 February 2025.
Wed 11 Sep 2024 07:53
(Sharecast News) - Ascential, the B2B media and events company that's being taken over by Informa, announced on Wednesday that the sale of part-owned Hudson MX is unlikely to yield a special dividend for shareholders.
Wed 11 Sep 2024 07:30
(Sharecast News) - Pest-control giant Rentokil Initial has scaled back its profit guidance for the full year after weaker-than-expected summer trading in North America.
Wed 11 Sep 2024 07:28
(Sharecast News) - Homeware retailer Dunelm reported a rise in full-year profit and sales on Wednesday despite a "softer" market.
Wed 11 Sep 2024 07:16
(Sharecast News) - Energean announced record first-half financial and operational results on Wednesday, driven by the start-up of the Karish North field and the completion of the second gas export riser in Israel.
Wed 11 Sep 2024 07:08
(Sharecast News) - Rightmove has rejected a £5.6bn takeover proposal from Australian peer REA Group, saying it undervalues the UK property platform's future prospects.
Tue 10 Sep 2024 14:37
(Sharecast News) - Overnight on Wednesday investors will be closely watching the televised US presidential debate.
Tue 10 Sep 2024 14:33
(Sharecast News) - Analysts at Berenberg took a fresh look at the Pebble Group on Tuesday following the group's interim results a day earlier.
Tue 10 Sep 2024 13:03
(Sharecast News) - British political magazine The Spectator has been sold to GB News' largest shareholder, Sir Paul March, for £100.0m, decoupling the conservative publication from the hunt for new owners for the right-leaning Telegraph papers.
Tue 10 Sep 2024 12:23
(Sharecast News) - Chesnara reported strong cash generation and continued dividend growth in its interim results on Tuesday, although its earnings dipped compared to last year.
Tue 10 Sep 2024 12:01
(Sharecast News) - James Fisher reported a period of both financial challenges and progress in its turnaround strategy in its half-year results on Tuesday.
Tue 10 Sep 2024 11:55
(Sharecast News) - Wizz Air is set to launch the first budget flights between the UK and Saudi Arabia next year, it emerged on Tuesday..
Tue 10 Sep 2024 11:23
(Sharecast News) - Barclays downgraded Asos to 'underweight' from 'equalweight' and cut the price target to 290p from 300p as it said the online fashion retailer was no longer just a refinancing story.
Tue 10 Sep 2024 10:06
(Sharecast News) - Nanopore sequencing products company Oxford Nanopore Technologies has filed an application in the US District Court for the Northern District of California for leave to serve subpoenas in support of a lawsuit it intends to file in the courts of England and Wales.
Tue 10 Sep 2024 09:54
(Sharecast News) - The share price of AstraZeneca took a big hit on Tuesday after investors reacted to disappointing news from the company's latest lung cancer trials.
Tue 10 Sep 2024 09:51
(Sharecast News) - Essential components manufacturer Essentra has appointed Rowan Baker to the role of chief financial officer, with effect from 5 November.
Tue 10 Sep 2024 09:47
(Sharecast News) - The Competition and Markets Authority said on Tuesday that it was opening the first phase of an investigation into Danish brewer Carlsberg's £3.3n acquisition of Britvic.
Tue 10 Sep 2024 09:30
(Sharecast News) - Investment platform operator AJ Bell revealed on Tuesday that chief operating officer Roger Stott will step down from the board at the end of 2024.
Tue 10 Sep 2024 09:17
(Sharecast News) - Praxis Group announced on Tuesday that it would not proceed with its potential offer to acquire Capital & Regional.
Tue 10 Sep 2024 09:13
(Sharecast News) - Hill & Smith said on Tuesday that it has bought Whitlow, a designer and manufacturer of structural steel and substation components for the US electrical infrastructure market, for $30.2m (£23m).
Tue 10 Sep 2024 08:31
(Sharecast News) - Alpha Group International announced on Tuesday that Morgan Tillbrook would step down as chief executive officer and director on 31 December, with Clive Kahn, the company's chairman since 2016, to succeed him as CEO from 1 January 2025.
Tue 10 Sep 2024 08:25
(Sharecast News) - Wickes posted a drop in interim profit on Tuesday as revenues fell, but backed its profit expectations for the year as it said trends were improving.
Tue 10 Sep 2024 08:03
(Sharecast News) - Industrial chains supplier Renold said on Tuesday trading was in line with internal expectations year-to-date, with revenues falling slightly as a result of adverse foreign exchange movements.
Tue 10 Sep 2024 07:51
(Sharecast News) - Gold miner Centamin - which operates the Sukari gold mine in Egypt - said on Tuesday that it had agreed to be taken over by AngloGold Ashanti in a £1.9bn deal.
Tue 10 Sep 2024 07:24
(Sharecast News) - Gamma Communications reported a strong set of first-half results on Tuesday, with revenue growing 10% to £282.5m and gross profit increasing 11% to £145.8m.
Tue 10 Sep 2024 07:22
(Sharecast News) - UK grocery inflation fell in the four weeks to 1 September, according to data released by Kantar on Tuesday.
Tue 10 Sep 2024 07:17
(Sharecast News) - Schroders announced the appointment of Richard Oldfield as its new group chief executive on Tuesday, effective from 8 November, pending regulatory approval.
Tue 10 Sep 2024 07:09
(Sharecast News) - Abrdn has appointed its former finance head Jason Windsor as its new official chief executive, after he emerged as the "unanimous choice" to lead the investment company following the exit of Stephen Bird in May.
Mon 09 Sep 2024 12:43
(Sharecast News) - Light Science Technologies announced two significant contract wins for its passive fire protection (PFP) division on Monday, totaling around £0.15m.
Mon 09 Sep 2024 12:41
(Sharecast News) - Investors' focus on Tuesday will be on the latest UK employment data.
Mon 09 Sep 2024 12:26
(Sharecast News) - The UK government is close to finalising a £1.25bn deal with Tata Steel to support the transition of its Port Talbot steelworks to more environmentally-friendly operations, it emerged on Monday.
Mon 09 Sep 2024 10:29
(Sharecast News) - Aldi announced a record £800m investment to accelerate its expansion in Britain, following its strongest-ever sales performance.
Mon 09 Sep 2024 09:55
(Sharecast News) - Luxury brands Burberry and Kering slumped on Monday as Barclays downgraded its stance on the shares to 'underweight' from 'equalweight' on structural concerns related to China.
Mon 09 Sep 2024 09:33
(Sharecast News) - Bar chain Revolution Bars has appointed Luke Johnson to the role of non-executive chairman following the retirement of Keith Edelman, who has been in the job for almost a decade.
Mon 09 Sep 2024 09:24
(Sharecast News) - Hostmore tumbled on Monday as the restaurant operator said it was abandoning its pursuit of TGI Fridays after it lost an important revenue stream.
Mon 09 Sep 2024 08:19
(Sharecast News) - China's consumer inflation saw a modest increase in August, with the consumer price index (CPI) rising 0.6% year-on-year, up slightly from July's 0.5%.
Mon 09 Sep 2024 08:07
(Sharecast News) - Jefferies upgraded Rightmove on Monday to 'hold' from 'underperform' and lifted the price target to 720p from 450p as it said an offer was "probable" after Australia's REA Group confirmed it was considering a possible cash and share offer for the property portal.
Mon 09 Sep 2024 07:28
(Sharecast News) - Computer services firm Computacenter said on Monday that interim revenue and profits had fallen against a strong comparative period.
Mon 09 Sep 2024 07:25
(Sharecast News) - Sports betting and gambling giant Entain reported better-than-expected second-half results in an update on Monday, with online net gaming revenue (NGR) showing stronger growth than forecast.
Mon 09 Sep 2024 07:23
(Sharecast News) - Magners cider maker C&C Group said first-half earnings had been in line with expectations, with net revenues expected to be down 3%.
Mon 09 Sep 2024 07:20
(Sharecast News) - Specialist healthcare property investor and developer Assura said on Monday that it has appointed Steven Noble to the newly-created role of chief investment officer to support the business' short and long-term growth strategy.
Mon 09 Sep 2024 07:05
(Sharecast News) - Barratt Developments, UK government agency Homes England and Lloyds Bank have formed a joint venture master developer platform that will focus on large sites to deal with Britain's housing shortfall.
Fri 06 Sep 2024 12:45
(Sharecast News) - The UK competition watchdog has launched a merger inquiry into GXO Logistics' £762m acquisition of Wincanton, it was confirmed on Friday.
Fri 06 Sep 2024 12:21
(Sharecast News) - Morgan Stanley initiated coverage of Melrose Industries on Friday at 'equalweight' with a 500 price target.
Fri 06 Sep 2024 11:34
(Sharecast News) - Richard Caring, the billionaire businessman known for his ownership of high-end London restaurants, was reportedly nearing a deal to sell a controlling stake in The Ivy Collection on Friday.
Fri 06 Sep 2024 10:32
(Sharecast News) - Shares in Digital 9 Infrastructure fell on Friday, after the investment trust warned of a sharp slide in its portfolio valuation.
Fri 06 Sep 2024 10:13
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on exploration and production firm Zephyr Energy from 14.0p to 16.0p on Friday following the publication of the group's hotly-anticipated 36-2R production test results.
Fri 06 Sep 2024 09:57
(Sharecast News) - Analysts at Berenberg lowered their target price on bookmaker Entain from 1,140.0p to 1,020.0p on Friday, stating that the group was not yet "out of the woods".
Fri 06 Sep 2024 09:47
(Sharecast News) - Shares in Rolls-Royce Holdings came under pressure on Friday, after the European air regulator announced an one-off inspection of the UK firm's Trent XWB-97 engines.
Fri 06 Sep 2024 09:38
(Sharecast News) - Cairn Homes announced on Friday that chief executive officer Michael Stanley had sold eight million of its shares through a secondary placing.
Fri 06 Sep 2024 09:20
(Sharecast News) - Music instruments retailer Gear4music said on Friday that its year-to-date trading performance has been in line with internal expectations.
Fri 06 Sep 2024 09:01
(Sharecast News) - Nationwide Building Society's £2.9bn takeover of Virgin Money UK has received regulatory approval, it was announced on Friday.
Fri 06 Sep 2024 08:58
(Sharecast News) - Ceres Power announced the appointment of Stuart Paynter as its new chief financial officer and a board member on Friday, effective 1 October.
Fri 06 Sep 2024 08:53
(Sharecast News) - GSK announced positive results from its phase three 'MATINEE' clinical trial on Friday, which evaluated the effectiveness of 'Nucala', or mepolizumab, in treating chronic obstructive pulmonary disease (COPD).
Fri 06 Sep 2024 08:03
(Sharecast News) - Shares in public relations firm Next 15 nosedived early on Friday following the announcement that one of its biggest clients would not be renewing its contract.
Fri 06 Sep 2024 07:43
(Sharecast News) - The UK competition watchdog has accused Alphabet's Google of using its dominant position in digital advertising to hinder competition and favour its own services.
Fri 06 Sep 2024 07:37
(Sharecast News) - Housebuilder Berkeley Group backed its full-year guidance on Friday as it said trading in the first four months of the year has been stable.
Fri 06 Sep 2024 07:20
(Sharecast News) - Shares in Invinity Energy Systems were sliding on Friday morning, after it warned of a lengthened sales cycle and announced a change of chief executive officers.
Fri 06 Sep 2024 07:17
(Sharecast News) - Cybersecurity specialist Darktrace announced on Friday that Poppy Gustafsson was stepping down as chief executive officer, effective immediately.
Thu 05 Sep 2024 15:42
(Sharecast News) - RBC Capital Markets raised its target price on royalty and streaming company Ecora Resources from 100.0p to 120.0p on Thursday following the group's results call a day earlier.
Thu 05 Sep 2024 14:32
(Sharecast News) - The Competition and Markets Authority has launched an investigation into Ticketmaster follow the sale of tickets for legendary British rock band Oasis' upcoming reunion tour, including just how the company's controversial "dynamic pricing" may have been used.
Thu 05 Sep 2024 11:51
(Sharecast News) - All eyes at the end of the week will be on the US non-farm payrolls report for August, which may decide whether the Federal Reserve opts for a 25 or 50 basis point cut when its meets in two weeks' time.
Thu 05 Sep 2024 11:50
(Sharecast News) - Private sector employment in the US rose much less than expected in August, according to figures released on Thursday by ADP.
Thu 05 Sep 2024 11:12
(Sharecast News) - PPHE Hotel Group announced a major refinancing agreement with Aareal Bank on Thursday, extending the maturity of its existing loan for its Dutch hotel portfolio and the Holmes Hotel London.
Thu 05 Sep 2024 11:07
(Sharecast News) - Infrastructure investor International Public Partnerships declared a fully cash-covered interim dividend of 4.18p per share in its half-year results on Thursday, contributing to full-year target dividend growth of 3%, bringing the total to 8.37p per share for 2024, up from 8.13p in 2023.
Thu 05 Sep 2024 10:35
(Sharecast News) - Genus reported strategic progress amid challenging market conditions, particularly in China, in its preliminary full-year results on Thursday, although it warned of potential currency headwinds going forward.
Thu 05 Sep 2024 09:53
(Sharecast News) - Airline business Jet2 said on Thursday that summer 2024 on-sale seat capacity was 12.4% higher than Summer 2023 at 17.17m, a "slight increase" on the level reported at its preliminary results.
Thu 05 Sep 2024 09:51
(Sharecast News) - Shares in Funding Circle rocketed on Thursday, after the business lender unexpectedly swung into the black and boosted its full-year outlook.
Thu 05 Sep 2024 09:29
(Sharecast News) - Fresh prepared food provider Bakkavor Group announced a strong set of first-half results on Thursday, highlighting revenue growth, improved margins, and debt reduction.
Thu 05 Sep 2024 09:10
(Sharecast News) - Communications watchdog Ofcom said on Thursday that it will assess whether certain changes to Royal Mail's Second Class letter delivery would meet postal users' needs, ahead of consulting on proposals in early 2025.
Thu 05 Sep 2024 09:06
(Sharecast News) - WAG Payment Solutions insisted trading remained on track on Thursday, despite a sharp fall in half-year profits.
Thu 05 Sep 2024 08:31
(Sharecast News) - Currys posted a jump in sales on Thursday as the electricals retailer took a nearly 50% share of the UK laptop market.
Thu 05 Sep 2024 08:02
(Sharecast News) - Self-storage business Safestore reiterated its full-year earnings guidance on Thursday as it reported flat Q3 revenues.
Thu 05 Sep 2024 07:48
(Sharecast News) - Emerging markets-focussed asset manager Ashmore Group reported a relatively positive set of final results on Thursday, despite some challenges in assets under management (AuM).
Thu 05 Sep 2024 07:48
(Sharecast News) - Spectris said on Thursday that it has bought Austria's Piezocryst from AVL for €133.5m (£112.2m).
Thu 05 Sep 2024 07:47
(Sharecast News) - Shares in Asos surged by a fifth on Thursday as the troubled online fashion retailer said it was offloading 75% of the Topshop group as part of a joint venture deal with major shareholder, the Danish fashion billionaire Anders Holch Povlsen.
Thu 05 Sep 2024 07:34
(Sharecast News) - Housebuilder Vistry announced a further £130m share buyback on Thursday as it posted a 7% increase in first-half pre-tax profit.
Thu 05 Sep 2024 07:21
(Sharecast News) - UK oil firm EnQuest hit out at the energy profits levy on Thursday, arguing that current conditions meant the windfall tax was no longer merited.
Thu 05 Sep 2024 07:04
(Sharecast News) - Like‐for‐like sales at Primark were expected to fall by around 0.5% in the second half of the financial year due to wet weather in the UK and Ireland which hit womenswear and footwear, said parent company Associated British Foods.
Wed 04 Sep 2024 17:21
(Sharecast News) - US investment firm Sixth Street has partnered with Patron Capital Partners to compete against FTSE 100 housebuilder Persimmon in the bid to acquire privately-held UK housebuilder Cala Group, it emerged on Wednesday afternoon.
Wed 04 Sep 2024 15:11
(Sharecast News) - The Bank of Canada cut its benchmark rate on Wednesday to 4.25% from 4.5%, in line with economists' expectations, amid easing inflationary pressures.
Wed 04 Sep 2024 14:17
(Sharecast News) - The Competition and Markets Authority (CMA) has approved Microsoft's acquisition of key personnel and intellectual property from Inflection AI, it announced on Wednesday, determining that the deal does not significantly impact competition in the artificial intelligence (AI) market.
Wed 04 Sep 2024 13:54
(Sharecast News) - Stifel downgraded DS Smith on Wednesday to 'hold' from 'buy' and cut the price target to 480p from 498p as it said the company's near-term earnings are under pressure.
Wed 04 Sep 2024 13:46
(Sharecast News) - Investors' focus on Thursday will be on the US services sector.
Wed 04 Sep 2024 10:44
(Sharecast News) - Gulf Marine Services has reported a 9% increase in revenue for the first half on Wednesday, reaching $80.7m, driven by higher demand for its S-Class vessels and improved fleet day rates.
Wed 04 Sep 2024 10:14
(Sharecast News) - Alpha Group International reported a strong first-half financial performance on Wednesday, with revenue growth across its divisions and a solid profit increase, despite challenging market conditions.
Wed 04 Sep 2024 09:47
(Sharecast News) - Chapel Down tumbled on Wednesday as it announced the departure of its chief executive and reported a drop in first-half profits and revenue.
Wed 04 Sep 2024 09:17
(Sharecast News) - Analysts at Berenberg lowered their target price on hotels operator Dalata Hotel Group from 510.0p to 480.0p on Wendesday but applauded the group's "resilient H1 performance".
Wed 04 Sep 2024 09:15
(Sharecast News) - Property development business Henry Boot said on Wednesday that its land promotion and planning business, Hallam Land, has secured planning permission on appeal for 290 homes in Sittingbourne, Kent.
Wed 04 Sep 2024 09:06
(Sharecast News) - Financial technology group CAB Payments said on Wednesday that interim profits had slumped as FX headwinds continued to weigh on earnings.
Wed 04 Sep 2024 09:05
(Sharecast News) - Balanced Commercial Property Trust has agreed to be bought by private investment firm Starwood Capital for £673.5m.
Wed 04 Sep 2024 08:53
(Sharecast News) - Drugmaker Indivior said on Wednesday that the primary and secondary endpoints of Aelis Farma's clinical Phase 2B study of AEF0117 use in participants with cannabis use disorder had not been met.
Wed 04 Sep 2024 08:50
(Sharecast News) - CLS Holdings announced a significant leasing agreement at its Fangdieckstrasse 75 property in Hamburg on Wednesday, securing over 8,900 square metres of office and laboratory space.
Wed 04 Sep 2024 08:38
(Sharecast News) - Industrial thread maker Coats Group said it had completed de-risking its UK defined benefit pension scheme by purchasing a £1.3bn bulk annuity policy.
Wed 04 Sep 2024 08:02
(Sharecast News) - Investment manager M&G reported net outflows of £1.5bn for the six months ended 30 June, excluding its Heritage division, a marked difference compared to net inflows of £700.0m at the same time a year earlier.
Wed 04 Sep 2024 07:45
(Sharecast News) - UK home and car insurer Direct Line returned to profit but missed earnings expectations for the half-year as sharp price hikes saw customers shop for better deals.
Wed 04 Sep 2024 07:23
(Sharecast News) - Hilton Food Group reported strong first-half profit growth and increased volumes on Wednesday, although revenue slid more than 8% on a statutory basis.
Wed 04 Sep 2024 07:20
(Sharecast News) - The eurozone's private sector experienced its fastest growth in three months during August, driven by a stronger services sector, according to the latest Hamburg Commercial Bank (HCOB) eurozone composite purchasing managers' index (PMI) on Wednesday.
Wed 04 Sep 2024 07:19
(Sharecast News) - Segro said on Wednesday that it has agreed to buy rival Tritax EuroBox in a deal with an implied enterprise value of around £1.1bn including debt.
Wed 04 Sep 2024 07:04
(Sharecast News) - House builder Barratt reported a 75% plunge in annual profit, citing cost-of-living pressures, much higher mortgage rates and limited consumer confidence.
Tue 03 Sep 2024 13:12
(Sharecast News) - The market spotlight in the middle of the week will be on the health of the services sector on either side of the Channel.
Tue 03 Sep 2024 10:46
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on building products manufacturer Michelmersh Brick Holdings from 180.0p to 170.0p on Tuesday following the group's interim trading results.
Tue 03 Sep 2024 10:40
(Sharecast News) - Mexican billionaire Carlos Slim has increased his stake in BT Group, it emerged on Tuesday.
Tue 03 Sep 2024 10:14
(Sharecast News) - International diversified healthcare service provider Uniphar reported a solid set of first-half financial results on Tuesday, with notable growth across all of its divisions.
Tue 03 Sep 2024 10:07
(Sharecast News) - STV Group announced a robust set of first-half financial results on Tuesday, with significant growth in both revenue and profit.
Tue 03 Sep 2024 10:00
(Sharecast News) - SSE announced on Tuesday that its Cloiche Wind Farm has successfully secured a contract in the UK's sixth Contracts for Difference (CfD) allocation round.
Tue 03 Sep 2024 09:44
(Sharecast News) - Berenberg upgraded Hikma Pharmaceuticals on Tuesday and lifted the price target to 2,400p from 2,100p as it said "clear progress" had been made.
Tue 03 Sep 2024 08:29
(Sharecast News) - Oxford Nanopore Technologies reported a steady first-half performance on Tuesday, despite challenging market conditions.
Tue 03 Sep 2024 08:29
(Sharecast News) - Jefferies initiated coverage on Judges Scientific on Tuesday with a 'buy' rating and 12,230p price target, as it said the valuation is more attractive following the recent share price correction, particularly if potential M&A upside is considered.
Tue 03 Sep 2024 08:06
(Sharecast News) - Custom antibody alternatives business Aptamer said on Tuesday that it has extended its contract with household goods giant Unilever to progress its Optimer asset for deodorant development.
Tue 03 Sep 2024 07:40
(Sharecast News) - Midwich Group reported a robust first-half performance amid challenging market conditions on Tuesday, with a 5.8% increase in revenue to £646.1m, or 7.5% at constant currency.
Tue 03 Sep 2024 07:39
(Sharecast News) - Budget airline Ryanair reported record passengers numbers for August on Tuesday, up 8%.
Tue 03 Sep 2024 07:39
(Sharecast News) - The UK's Prudential Regulation Authority has green-lighted Spanish bank BBVA to take indirect control of Sabadell's British subsidiary TSB, BBVA said on Tuesday.
Tue 03 Sep 2024 07:15
(Sharecast News) - Ashtead Group reported modest first quarter revenue growth on Tuesday, amid challenging market conditions.
Tue 03 Sep 2024 07:15
(Sharecast News) - Packaging firm DS Smith said on Tuesday that overall trading for the current financial year was in line with management's expectations.
Tue 03 Sep 2024 07:11
(Sharecast News) - Hungary-based budget carrier Wizz Air reported a 1% rise in passenger numbers in August - setting a new record - although capacity fell due to continued groundings of aircraft using Pratt & Whitney's GTF engines.
Tue 03 Sep 2024 07:02
(Sharecast News) - Luxury timepiece seller Watches of Switzerland said it was on track to meet annual guidance after trading for the first 18 weeks of the financial year had been in line with expectations.
Mon 02 Sep 2024 15:22
(Sharecast News) - Investors' focus on Tuesday will be on the US manufacturing sector.
Mon 02 Sep 2024 15:10
(Sharecast News) - Hewlett Packard Enterprise (HPE) will continue its pursuit of up to $4bn in damages from the estate of the late Autonomy founder Mike Lynch, it emerged on Monday, despite his recent death.
Mon 02 Sep 2024 11:41
(Sharecast News) - Infection prevention products manufacturer Tristel confirmed on Monday that Matt Sassone had officially assumed the role of chief executive officer, following the retirement of Paul Swinney.
Mon 02 Sep 2024 11:35
(Sharecast News) - Downing Renewables & Infrastructure (DORE) announced its commitment to acquire three hydropower plants in Sweden on Monday, expanding its renewable energy portfolio.
Mon 02 Sep 2024 11:30
(Sharecast News) - Shore Capital has reiterated a 'buy' rating on Rightmove after Australia's REA Group confirmed it was considering an offer for the UK property platform, highlighting the opportunities for shareholders whether or not a takeover happens.
Mon 02 Sep 2024 11:04
(Sharecast News) - Phoenix's Aurora Investment Trust has proposed a merger with the Artemis Alpha Trust, it was reported on Monday, aiming to consolidate £353m in assets.
Mon 02 Sep 2024 10:24
(Sharecast News) - Berenberg initiated coverage of Bodycote on Monday with a 'buy' rating and "conservatively set" 800p price target.
Mon 02 Sep 2024 07:41
(Sharecast News) - The share price of Vertu Motors was in reverse on Monday after the car dealer reported a weaker environment for new car sales, which it said was offset by resilient pricing in the used vehicle market.
Mon 02 Sep 2024 07:18
(Sharecast News) - Self-storage operator Big Yellow Group announced progress on two major London projects on Monday, securing planning consent for a total of 307,000 square feet of storage space across two locations.
Mon 02 Sep 2024 07:16
(Sharecast News) - LondonMetric, the FTSE 250-listed real estate group, has announced a shake-up of its portfolio which includes £70m of warehouse acquisitions and £50m of non-core disposals.
Mon 02 Sep 2024 07:12
(Sharecast News) - Australian real estate advertising company REA Group has confirmed speculation that it is considering a possible cash and share offer for UK property platform Rightmove.
Mon 02 Sep 2024 07:07
(Sharecast News) - IT provider Kainos said it expected full-year revenues to be below market forecasts due to the tougher trading environment in services as clients delayed decisions on projects, but adjusted pre-tax profit would be in line with consensus estimates.
Fri 30 Aug 2024 12:27
(Sharecast News) - Jefferies cut its price target on real estate investment trust Life Sciences REIT from 45.0p to 36.0p following a visit to the group's Cambourne Science & Technology Park.
Fri 30 Aug 2024 11:00
(Sharecast News) - Bigblu Broadband reported a decline in first-half revenue on Friday, to £11.2m from £13m in the same period last year, reflecting a strategic decision to migrate customers onto higher-value packages.
Fri 30 Aug 2024 09:13
(Sharecast News) - Shares in South African coal miner Bisichi soared by more than a third on Friday after the company reported a significant jump in half-year profits, as production more than double while costs fell.
Fri 30 Aug 2024 09:00
(Sharecast News) - Shares in London & Associated Properties surged on Friday after the real estate group reported a return to profit in the first half, while the stock was boosted by its investment in South African coal miner Bisichi.
Fri 30 Aug 2024 08:38
(Sharecast News) - Ryanair has announced on that one of its non-executive directors has resigned after just six months on the board due to a potential conflict of interest in the coming months.
Fri 30 Aug 2024 08:01
(Sharecast News) - Analysts at Berenberg hiked their target price on building materials company Grafton from 1,100.0p to 1,200.0p on Friday, citing an "attractive opportunity".
Fri 30 Aug 2024 07:23
(Sharecast News) - German unemployment rose less than expected in August, according to Federal Labour Office figures published on Friday.
Fri 30 Aug 2024 07:21
(Sharecast News) - UK house prices unexpectedly dipped on the month in August, but rose at their fastest annual pace since December 2022, according to figures released by Nationwide on Friday.
Fri 30 Aug 2024 07:20
(Sharecast News) - STV Group announced the appointment of Rufus Radcliffe as its new chief executive officer on Friday, effective 1 November.
Thu 29 Aug 2024 12:44
(Sharecast News) - Tracsis said in an update on Thursday that its financial performance for the year ended 31 July was in line with revised guidance, despite a challenging operational environment.
Thu 29 Aug 2024 12:41
(Sharecast News) - Best Buy hiked its profit forecast for the year on Thursday, amid a positive shift in consumer demand for electronics.
Thu 29 Aug 2024 12:34
(Sharecast News) - The flow of economic data will pick up at the end of the week with inflation readings due out on either side of the Atlantic.
Thu 29 Aug 2024 12:32
(Sharecast News) - Shares in Dollar General were sliding in early trade on Thursday, after the retailer revised its annual sales and profit forecasts downward, citing a reduction in consumer spending on discretionary items.
Thu 29 Aug 2024 12:23
(Sharecast News) - Apax Global Alpha (AGA) announced an expected investment of €29m in supply chain risk management specialist Veriforce on Thursday.
Thu 29 Aug 2024 12:16
(Sharecast News) - BBGI Global Infrastructure announced a robust set of interim results on Thursday, achieving a net asset value total return of 2.4%, with its portfolio maintaining a high asset availability rate of 99.9%.
Thu 29 Aug 2024 11:59
(Sharecast News) - Sainsbury's said on Thursday that it has agreed to buy 10 leasehold stores from HHGL Limited, trading as Homebase, for conversion into supermarkets.
Thu 29 Aug 2024 11:57
(Sharecast News) - PRS REIT announced the receipt of a requisition letter from a group of significant shareholders on Thursday, collectively holding 17.3% of its issued share capital.
Thu 29 Aug 2024 10:03
(Sharecast News) - Close Brothers surged on Thursday as RBC Capital Markets upgraded the shares to 'outperform' from 'sector perform' and hiked the price target to 620p from 375p, citing a number of potential catalysts.
Thu 29 Aug 2024 09:35
(Sharecast News) - Foreign exchange business CAB Payments announced on Thursday that it will collaborate with Visa on FX and "last mile" payments across emerging markets.
Thu 29 Aug 2024 09:10
(Sharecast News) - Precision engineering firm Hunting said on Thursday that both revenue and profits had grown in the six months ended 30 June as its order book rose to record levels.
Thu 29 Aug 2024 08:54
(Sharecast News) - Judges Scientific, a specialist in the acquisition and development of businesses in the scientific instrument sector, announced on Thursday that its subsidiary Geotek had secured a binding contract for an upcoming coring expedition.
Thu 29 Aug 2024 07:56
(Sharecast News) - European shares opened higher on Thursday as investors awaited flash inflation numbers from Germany and regular eurozone sentiment data and also mulled the impact of earnings overnight from chip giant Nvidia.
Thu 29 Aug 2024 07:52
(Sharecast News) - UK convenience food supplier Greencore Group said it was extending its current share buyback programme by £10m resulting in a total maximum of £40m being allocated.
Thu 29 Aug 2024 07:51
(Sharecast News) - Jefferies said late on Wednesday that Tom Sosnoff and Scott Sheridan had sold 6.5m IG Group shares in a placing to a limited number of institutional investors.
Thu 29 Aug 2024 07:43
(Sharecast News) - Underlying profits at Gem Diamonds more than doubled in the first half as increases in production, as well as the number of larger gemstones recovered, was able to offset a dip in the average price per carat.
Thu 29 Aug 2024 07:21
(Sharecast News) - Ofgem has closed its probe into the biomass profiling data of Drax after investigating whether or not the power station group failed to meet sustainability criteria of so-called Renewable Obligation Certificates (ROCs).
Thu 29 Aug 2024 07:18
(Sharecast News) - GSK announced on Thursday that the European Commission had granted approval for Arexvy, a respiratory syncytial virus (RSV) vaccine, to be used in adults aged 50 to 59 who were at heightened risk of severe RSV-related illness.
Thu 29 Aug 2024 07:17
(Sharecast News) - RBC Capital Markets upgraded Bunzl on Thursday to 'sector perform' from 'underperform' and lifted the price target to 3,350 from 2,700p as revenue headwinds ease.
Thu 29 Aug 2024 07:02
(Sharecast News) - Hotels group PPHE posted a jump in half-yearly profits and held guidance despite supply chain issues holding up full openings of new art'hotel properties in London and Rome.
Wed 28 Aug 2024 17:37
(Sharecast News) - Investors' focus on Thursday would be on the latest quarterly results out of US semiconductor manufacturer Nvidia.
Wed 28 Aug 2024 14:05
(Sharecast News) - Under fire utility Thames Water - which has paid out billions in dividends to shareholders and faced criticism over leaks and pollution - wants to hit customers with a £228 annual rise in their bills.
Wed 28 Aug 2024 12:41
(Sharecast News) - Kohl's raised its annual profit forecast on Wednesday, after surpassing expectations for second-quarter earnings, driven by stringent cost management and reduced inventory levels.
Wed 28 Aug 2024 12:05
(Sharecast News) - Foot Locker reported its first comparable sales growth in six quarters on Wednesday, marking a milestone in its ongoing turnaround efforts.
Wed 28 Aug 2024 11:24
(Sharecast News) - Hyundai Motor announced ambitious plans to increase its annual global sales by 30% to 5.55 million vehicles by 2030 on Wednesday, with a significant focus on expanding its hybrid vehicle lineup.
Wed 28 Aug 2024 10:45
(Sharecast News) - Shore Capital has reiterated its 'buy' rating on GSK after the biopharma giant's latest update about its ongoing Zantac litigation, saying that the stock's valuation is still undemanding compared with the wider market.
Wed 28 Aug 2024 10:44
(Sharecast News) - EnQuest announced an expanded role in the decommissioning of the Greater Kittiwake Area (GKA) fields in the North Sea on Wednesday.
Wed 28 Aug 2024 09:29
(Sharecast News) - Citi upgraded Direct Line Insurance on Wednesday to 'buy' from 'neutral' and lifted the price target to 223p from 208p.
Wed 28 Aug 2024 09:24
(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on shipbroking services firm Braemar with a 'buy' rating and 410.0p target price on Wednesday, stating it was "all aboard for the super cycle".
Wed 28 Aug 2024 08:48
(Sharecast News) - Driver monitoring technology company Seeing Machines reported a robust performance for the 2024 financial year in an update on Wednesday, with significant growth in revenue, expansion of its automotive programs, and strategic partnerships.
Wed 28 Aug 2024 08:28
(Sharecast News) - Citi downgraded Kingfisher to 'neutral' from 'buy' on Wednesday as it cited limited scope for near-term upgrades.
Wed 28 Aug 2024 08:02
(Sharecast News) - Online wine retailer Naked Wines said it was "in much better shape" than it was twelve months ago despite posting widened full-year losses on Wednesday.
Wed 28 Aug 2024 07:52
(Sharecast News) - Ted Baker's owner and retail conglomerate Authentic Brands Group has announced a deal with its US partner to relaunch the brand as a pure-play online retailer later this year after its final bricks-and-mortar stores closed this week.
Wed 28 Aug 2024 07:29
(Sharecast News) - Shares in Gem Diamonds were given a boost on Wednesday after the Southern Africa-focused diamond miner announced the recovery of another giant gemstone from its Letšeng mine.
Wed 28 Aug 2024 07:18
(Sharecast News) - GSK announced a number of developments on Wednesday, firstly welcoming a decision from the Delaware Supreme Court to review a lower court ruling that allowed the introduction of expert evidence in the ongoing litigation over 'Zantac', or ranitidine.
Wed 28 Aug 2024 07:16
(Sharecast News) - Wood Group said on Wednesday that it has agreed the sale of two businesses for around $165m as part of its programme to dispose of non-core businesses.
Wed 28 Aug 2024 07:14
(Sharecast News) - Americas-focused precious metals producer Hochschild Mining has reiterated its output guidance despite operations at its newly opened Mara Rosa mine running slowly, as it swung into profit for the first half on the back of rising commodity prices, lower costs and a reduction in impairment charges.
Wed 28 Aug 2024 07:12
(Sharecast News) - Insurance giant Prudential said it is on track to hit its medium-term profit targets after a solid first half, and announced an acceleration in sales momentum since the period-end.
Wed 28 Aug 2024 07:02
(Sharecast News) - Frasers Group said it had taken a 14.65% stake in Accent Group, a retail and distribution business in Australia and New Zealand's performance and lifestyle market.
Tue 27 Aug 2024 15:49
(Sharecast News) - Britvic edged a step closer to being taken over by Danish brewer Carlsberg on Tuesday.
Tue 27 Aug 2024 14:15
(Sharecast News) - JD Sports-based Applied Nutrition has confirmed plans for a potential initial public offering in London that could value the sports supplements and protein shake maker at £500m.
Tue 27 Aug 2024 14:02
(Sharecast News) - Shop workers at high-street retailer Next won a landmark legal victory on Tuesday, after a six-year battle for equal pay, potentially leading to over £30m in compensation.
Tue 27 Aug 2024 13:00
(Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Tuesday that its lead candidate, bexmarilimab, has been granted fast track designation by the US Food and Drug Administration (FDA), for the treatment of relapsed or refractory myelodysplastic syndrome (r/r MDS) in combination with azacitidine.
Tue 27 Aug 2024 12:53
(Sharecast News) - Jefferies reiterated its positive stance on UK housebuilders on Tuesday, saying it still sees considerable upside potential to share prices from the improving rate environment and government changes to planning.
Tue 27 Aug 2024 12:03
(Sharecast News) - Belluscura, a developer of lightweight and portable oxygen enrichment technology, reported strong sales momentum and an optimistic trading outlook on Tuesday, as it prepared for the full commercial launch of its new 'DISCOV-R' portable oxygen concentrator.
Tue 27 Aug 2024 11:58
(Sharecast News) - The economic calendar on Wednesday will be sparse with only a smattering of risk events for investors to keep tabs on.
Tue 27 Aug 2024 11:30
(Sharecast News) - Chinese e-commerce giant JD.com unveiled a new $5bn share buyback programme on Tuesday, set to begin in September and extend over the next 36 months.
Tue 27 Aug 2024 11:13
(Sharecast News) - Multi-asset fintech firm Plus500 announced the launch of a share buyback programme valued at up to $110m on Tuesday.
Tue 27 Aug 2024 10:56
(Sharecast News) - Bunzl shares surged to an all-time high on Tuesday after a stronger-than-expected set of half-year results and a new share buyback programme, but that wasn't enough to change Jefferies' negative view on the stock.
Tue 27 Aug 2024 10:23
(Sharecast News) - Associated British Foods slumped on Tuesday as Deutsche Bank downgraded its rating on shares of the Primark owner to 'sell' from 'hold' and cut the price target to 2,190p from 2,290p.
Tue 27 Aug 2024 10:22
(Sharecast News) - Fund manager Bridgepoint Capital has disposed of British arts and crafts retailer Hobbycraft to investment group Modella Capital for an undisclosed sum.
Tue 27 Aug 2024 10:13
(Sharecast News) - Budget carrier Ryanair said on Tuesday that it no longer sees a risk of average fares falling by double-digit percentages and that a more moderate 5% fall "looks reasonably accurate" for the all-important three months ending September.
Tue 27 Aug 2024 10:00
(Sharecast News) - Analysts at Berenberg raised their target price on bookmaker Flutter from 18,600.0p to 18,800.0p on Tuesday following the group's "exceptional" second-quarter results.
Tue 27 Aug 2024 09:45
(Sharecast News) - Edgar Bronfman Jr officially withdrew his bid to acquire Paramount Global on Tuesday, effectively clearing the way for Skydance Media to take control of the company.
Tue 27 Aug 2024 09:40
(Sharecast News) - Exploration and production firm Woodside Energy shares advanced on Tuesday despite posting a decline in interim profits as a result of lower prices for liquefied gas.
Tue 27 Aug 2024 08:52
(Sharecast News) - Gold miner Endeavour Mining said on Tuesday that it will receive $60.0m from Lilium Gold as part of a settlement agreement brokered by the government of Burkino Faso for the disposal of its Boungou and Wahgnion mines.
Tue 27 Aug 2024 08:31
(Sharecast News) - Harbour Energy surged on Tuesday after saying that its acquisition of the Wintershall Dea asset portfolio was set to complete earlier than expected.
Tue 27 Aug 2024 07:32
(Sharecast News) - Mining titan BHP reported a bigger-than-expected increase in full-year underlying profits, helped by record volumes of iron ore and higher copper output, but warned of an "uneven" recovery in China.
Tue 27 Aug 2024 07:18
(Sharecast News) - Bunzl shares were surging on Tuesday morning after it upgraded its full-year guidance and launched a share buyback programme, even after first-half revenue slipped 3.3% to £5.71bn.
Tue 27 Aug 2024 07:18
(Sharecast News) - German consumer sentiment is expected to deteriorate sharply in September, according to a survey released on Tuesday by GfK and the Nuremberg Institute for Market Decisions (NIM).
Tue 27 Aug 2024 07:14
(Sharecast News) - Online grocer and food logistics group Ocado has announced that operations have finally started at two customer fulfilment centres in Australia a year later than planned, as part of its partnership with retail chain Coles.
Fri 23 Aug 2024 11:46
(Sharecast News) - Anglo-Eastern Plantations, a producer of palm oil and rubber with operations in Indonesia and Malaysia, reported first-half revenue of $166.7m in its interim results on Friday, down 4% from $173.4m in the same period last year.
Fri 23 Aug 2024 11:35
(Sharecast News) - Energy services company Petrofac announced an extension of its existing forbearance agreement for the non-payment of interest on its senior secured notes on Friday.
Fri 23 Aug 2024 09:40
(Sharecast News) - Water regulator Ofwat confirmed the immediate implementation of new measures on Friday, to address Thames Water's recent loss of its investment-grade credit ratings.
Fri 23 Aug 2024 08:51
(Sharecast News) - Direct Line Insurance Group announced a correction to its previously-reported Solvency Capital Ratio (SCR) for the year ending 2023 on Friday, after it identified a miscalculation.
Fri 23 Aug 2024 08:42
(Sharecast News) - Nestle slumped on Friday as it announced the departure of chief executive Mark Schneider, who will be replaced by Laurent Freixe.
Fri 23 Aug 2024 07:34
(Sharecast News) - Recruitment software supplier Dillistone Group warned on Friday that the market remained challenging and, if anything, had softened further in the second quarter and into Q3.
Fri 23 Aug 2024 07:33
(Sharecast News) - Hiscox said on Friday that it had appointed senior independent director Colin Keogh as interim chair following the death of Jonathan Bloomer earlier in the week.
Fri 23 Aug 2024 07:20
(Sharecast News) - William Hill owner Evoke announced the acquisition of New Gambling Solutions (NGS on Friday, which operates Winner.ro, Romania's seventh-largest online betting and gaming platform.
Thu 22 Aug 2024 13:27
(Sharecast News) - Escher Group, a supplier of software to post offices around the world, is reportedly plotting a return to the London stock market six years after it was taken private.
Thu 22 Aug 2024 12:29
(Sharecast News) - Molecular diagnostics company Novacyt announced the successful recovery of £12.2m in VAT from HM Revenue and Customs (HMRC) on Thursday.
Thu 22 Aug 2024 11:01
(Sharecast News) - Housing and care service specialist Mears Group announced the launch of a new share buyback programme on Thursday, worth up to £20m.
Thu 22 Aug 2024 10:58
(Sharecast News) - Macfarlane Group reported an 8% drop in first-half group revenue on Thursday, to £129.6m, down from £141.6m in the first six months of 2023.
Thu 22 Aug 2024 09:47
(Sharecast News) - Jefferies upgraded Admiral on Thursday to 'hold' from 'underperform' and lifted the price target to 3,025p from 2,300p as it upped its earnings per share forecasts.
Thu 22 Aug 2024 09:29
(Sharecast News) - Credit ratings agency S&P Global has upgraded its view on aerospace engineer Rolls-Royce by one notch on the back of the group's rising profitability, strong cash generation and deleveraging.
Thu 22 Aug 2024 09:20
(Sharecast News) - Analysts at Berenberg raised their target price on property investment and development business Derwent London from 2,494.0p to 2,700.0p on Thursday, stating the group's improving outlook should drive performance.
Thu 22 Aug 2024 09:02
(Sharecast News) - Exploration and production company Ithaca Energy said in its half-year results on Thursday that amid a decrease in production, it achieved adjusted EBITDAX of $533m, down from $979.7m in the first half of last year.
Thu 22 Aug 2024 08:47
(Sharecast News) - Investors' focus at the end of the week will be on the Jackson Hole Economic Symposium, with the governors of the Bank of England, Bank of Japan and the President of the US Federal Reserve due to deliver speeches.
Thu 22 Aug 2024 08:19
(Sharecast News) - Recruiter Hays posted a decline in full-year profit on Thursday as it highlighted "a clear slowdown" in challenging markets.
Thu 22 Aug 2024 07:18
(Sharecast News) - Serco has been awarded a $320m contract by the US Army Corps of Engineers (USACE), it announced on Thursday, to modernise the electrical infrastructure at the US Space Force's Pituffik Space Base in Greenland.
Thu 22 Aug 2024 07:17
(Sharecast News) - JPMorgan Cazenove upped its price target on Segro on Thursday to 1,050p from 1,000p as it reassessed the outlook for the company following first-half results.
Thu 22 Aug 2024 07:17
(Sharecast News) - Bank of Georgia has announced a £21m share buyback programme as it unveiled its results for the second quarter, in which it delivered an 11% increase in profits as it incorporated Armenian bank Ameriabank into its P&L for the first time post-acquisition.
Thu 22 Aug 2024 07:15
(Sharecast News) - Sports apparel and footwear retailer JD Sports Fashion saw a return to like-for-like growth in its second quarter, with its store rollout programme in North America and Europe providing a boost while the UK market remains subdued.
Wed 21 Aug 2024 15:39
(Sharecast News) - Cineworld's US-based parent will reportedly inject £35m into modernising its British cinema estate if a rescue plan being put to creditors is successful.
Wed 21 Aug 2024 13:10
(Sharecast News) - Shares in US department store retailer Macy's were sliding early on Wednesday, after it reported better-than-expected second-quarter earnings despite a drop in sales, and revised its full-year guidance downwards.
Wed 21 Aug 2024 13:04
(Sharecast News) - The Competition and Markets Authority (CMA) has closed its investigations into Google's Play Store and Apple's App Store, it announced on Wednesday, shifting its focus to the forthcoming digital markets competition regime.
Wed 21 Aug 2024 12:35
(Sharecast News) - Broadcast and media technology software provider Pebble Beach Systems reported a 12% year-on-year increase in order intake in its half-year report on Wednesday, reaching £4.9m, up from £4.4m in the first six months of 2023.
Wed 21 Aug 2024 12:27
(Sharecast News) - The market spotlight on Thursday would be on a raft of preliminary survey results for manufacturing and services in the month of August due out in the UK, euro area and US.
Wed 21 Aug 2024 11:23
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on agriculture investment business Agronomics from 20.0p to 17.5p on Wednesday after the group's latest net asset value update showed a modest reduction its NAV/share ratio.
Wed 21 Aug 2024 11:21
(Sharecast News) - Target shares surged on Wednesday after the US retailer posted better-than-expected second-quarter earnings and lifted its annual profit outlook.
Wed 21 Aug 2024 10:51
(Sharecast News) - London-listed Watkin Jones lost almost a third of its market value on Wednesday after the residential property manager and developer delivered a profit warning and projected a slower-than-expected market recovery.
Wed 21 Aug 2024 09:46
(Sharecast News) - UK high-end supermarket chain Waitrose its ramping up its brand investment plans, injecting £1bn to open up to 100 convenience shops and upgrade a number of existing supermarkets over the next five years.
Wed 21 Aug 2024 09:36
(Sharecast News) - RBC Capital Markets lifted its price target on Admiral on Wednesday to 3,550p from 3,400p and reiterated its 'outperform' rating.
Wed 21 Aug 2024 08:22
(Sharecast News) - JPMorgan has reiterated its 'outperform' rating on BT Group despite competition concerns hitting the stock following the announcement that Sky has signed a wholesale deal with CityFibre.
Wed 21 Aug 2024 07:43
(Sharecast News) - Jefferies upgraded Victrex on Wednesday to 'hold' from 'underperform' "purely" on valuation grounds.
Wed 21 Aug 2024 07:25
(Sharecast News) - Costain has announced a £10m share buyback programme as it reported higher profits for the first half on the back of improved margins and a better product mix.
Wed 21 Aug 2024 07:18
(Sharecast News) - Molten Ventures, a prominent venture capital firm known for investing in high-growth digital technology companies, announced a substantial increase in the valuation of its holding in fintech company Revolut on Wednesday.
Wed 21 Aug 2024 07:17
(Sharecast News) - The competition authority has announced that the allowances made by Barratt Developments and Redrow in order to pave way for regulatory approval may just be enough to get the green light.
Wed 21 Aug 2024 07:15
(Sharecast News) - Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics.
Wed 21 Aug 2024 07:07
(Sharecast News) - Mobico shares surged by a fifth on Wednesday after the public transport operator started the sale process for its North American school bus business to cut debt and reported a jump in adjusted interim operating profit driven by positive demand and cost cuts.
Tue 20 Aug 2024 17:22
(Sharecast News) - UBS downgraded Segro on Tuesday to 'neutral' from 'buy' and cut the price target to 985p from 1,045p due to a weaker outlook for logistics rental growth.
Tue 20 Aug 2024 15:58
(Sharecast News) -
Tue 20 Aug 2024 13:48
(Sharecast News) - Arts and crafts retailer Hobbycraft is reportedly on the brink of being sold to a specialist investor whose executives have backed chains including Paperchase and Tie Rack.
Tue 20 Aug 2024 12:58
(Sharecast News) - Johnson & Johnson said on Tuesday that it has agreed to buy V-Wave, a privately-held company focused on developing treatment options for patients with heart failure, for up to $1.7bn.
Tue 20 Aug 2024 10:56
(Sharecast News) - Light Science Technologies, which operates across three divisions - controlled environment agriculture (CEA), contract electronics manufacturing (CEM), and passive fire protection (PFP) - announced strong trading in its CEM division on Tuesday, with the receipt of a third order from a key customer in the sports entertainment sector.
Tue 20 Aug 2024 10:45
(Sharecast News) - Gold prices hit a new all-time high on Tuesday amid growing expectations of US rate cuts in September and after the People's Bank of China issued new import quotas.
Tue 20 Aug 2024 09:58
(Sharecast News) - Renalytix, a company specialising in artificial intelligence-enabled diagnostics for kidney disease, announced the termination of its formal sale process on Tuesday.
Tue 20 Aug 2024 09:35
(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' call on Serco Group, saying the essential public services providers' strong execution and prospects are currently "underappreciated" by the market.
Tue 20 Aug 2024 09:26
(Sharecast News) - BT Group slumped on Tuesday after competitor CityFibre announced a long-term broadband partnership with Sky.
Tue 20 Aug 2024 09:24
(Sharecast News) - Analysts at Berenberg hiked their target price on scientific instruments business Judges Scientific from 12,000.0p to 12,400.0p on Tuesday following the firm's acquisition of Teer Coatings holding company Magsputter.
Tue 20 Aug 2024 09:10
(Sharecast News) - Triple Point Social Housing REIT announced on Tuesday that it has successfully transferred the leases of 38 properties, previously leased to Parasol, to Westmoreland Housing Association.
Tue 20 Aug 2024 09:00
(Sharecast News) - Diversified Energy announced a conditional agreement to acquire a package of natural gas assets in eastern Texas on Tuesday, for $69m.
Tue 20 Aug 2024 08:55
(Sharecast News) - Power generation business Drax said on Tuesday that it has struck a new sustainability-linked £450.0m revolving credit facility.
Tue 20 Aug 2024 08:43
(Sharecast News) - Sweden's Riksbank cut its benchmark rate by 25 basis points on Tuesday to 3.5%, as widely expected.
Tue 20 Aug 2024 07:36
(Sharecast News) - Wood Group said on Tuesday that it swung to an operating loss in the first half as revenue fell, but the engineering firm backed its outlook for this year and the next.
Tue 20 Aug 2024 07:32
(Sharecast News) - Copper miner Antofagasta reported a 7% drop in half-year profits as higher prices were offset by falling volumes and higher depreciation and amortisation, though the bottom line came in slightly ahead of market forecasts.
Tue 20 Aug 2024 07:22
(Sharecast News) - Pharmaceutical giant GSK announced on Tuesday that the US Food and Drug Administration (FDA) has granted breakthrough therapy designation to its investigational drug, GSK5764227 (GSK'227), for the treatment of patients with extensive-stage small-cell lung cancer (ES-SCLC) who had experienced disease progression following platinum-based chemotherapy.
Tue 20 Aug 2024 07:18
(Sharecast News) - Mining tech group Weir has been awarded a £53m contract on the Reko Diq copper-gold project in Pakistan, a greenfield development part-owned by Barrick Gold Corporation that is said to be one of the largest mines of its kind in the world.
Mon 19 Aug 2024 18:12
(Sharecast News) - The market spotlight on Tuesday will be on a final reading for euro area consumer prices.
Mon 19 Aug 2024 15:05
(Sharecast News) - Energean has announced the successful start-up of the Cassiopea field, offshore Italy.
Mon 19 Aug 2024 11:41
(Sharecast News) - Advanced Micro Devices said on Monday that it has agreed to buy AI infrastructure provider ZT Systems in a $4.9bn cash and share deal.
Mon 19 Aug 2024 11:20
(Sharecast News) - Professional services firm JTC announced its proposed acquisition of the Buck UK and European Share Plan Administration and Trustee Businesses on Monday, from Arthur J Gallagher & Co.
Mon 19 Aug 2024 09:29
(Sharecast News) - Data and telecommunications technology firm BATM Advanced Communications said on Monday that interim revenues were broadly flat despite reporting "substantial growth" in its cyber unit.
Mon 19 Aug 2024 09:10
(Sharecast News) - Jefferies has trimmed its target price for Domino's Pizza Group following recently lowered guidance, but has kept its 'buy' rating on the stock on the back of its undemanding valuation.
Mon 19 Aug 2024 07:18
(Sharecast News) - Plus500 announced a strong set of interim results on Monday, with significant financial growth, as it lifted its full-year expectations.
Mon 19 Aug 2024 07:15
(Sharecast News) - A major environmental group in Australia said it was dropping a court challenge to stop Woodside Energy's $12.5bn Scarborough gas project in Western Australia.
Mon 19 Aug 2024 07:07
(Sharecast News) - Barratt Developments and Redrow have reported that their impending £2.5bn merger should complete later this week despite local competition concerns raised by regulators.
Mon 19 Aug 2024 07:03
(Sharecast News) - Caledonia Investments said it had paid £55m to buy a majority stake in Direct Tyre Management, a provider of outsourced tyre management services to fleet operators.
Fri 16 Aug 2024 11:54
(Sharecast News) - British fintech firm Revolut reached a valuation of $45bn, it was reported on Friday, after a secondary share sale involving new and existing investors.
Fri 16 Aug 2024 10:14
(Sharecast News) - The Financial Conduct Authority has fined PwC £15.0m for failing to report its belief that London Capital & Finance may be involved in fraudulent activity, marking the first time the regulator has fined an audit firm.
Fri 16 Aug 2024 09:55
(Sharecast News) - Shares in German chemicals maker Bayer surged on Friday after a US appeals court said it was protected under federal law which would limit liability from claims that its Roundup weed killer causes cancer.
Fri 16 Aug 2024 09:49
(Sharecast News) - Simec Atlantis Energy announced on Friday that it has been granted the Green Economy Mark by the London Stock Exchange.
Fri 16 Aug 2024 09:47
(Sharecast News) - The Competition and Markets Authority said on Friday that it will press ahead with its study of the infant formula and follow-on market after finding earlier this year that prices remained at historically high levels.
Fri 16 Aug 2024 08:42
(Sharecast News) - GlobalData announced a modification to its £10m share buyback programme on Friday, designed to return surplus capital to shareholders.
Fri 16 Aug 2024 07:48
(Sharecast News) - Analysts at Berenberg hiked their target price on real estate investment trust Shaftesbury Capital from 160.0p to 174.0p on Friday, citing a broad-based recovery.
Fri 16 Aug 2024 07:15
(Sharecast News) - AstraZeneca announced on Friday that the US Food and Drug Administration (FDA) has approved its drug durvalumab, branded Imfinzi, for the treatment of early-stage non-small cell lung cancer (NSCLC) in patients eligible for surgery.
Fri 16 Aug 2024 07:05
(Sharecast News) - UK pharma giant GSK has welcomed a US court ruling excluding expert testimony in the long-running Zantac lawsuit where the plaintiffs allege the heartburn drug caused cancer and said it would now ask for the case to be dismissed.
Thu 15 Aug 2024 12:29
(Sharecast News) - The market spotlight at the end of the week will continue to be on the US, where a flurry of economic indicators are due out.
Thu 15 Aug 2024 12:04
(Sharecast News) - Private equity firm TPG has been shortlisted as a potential buyer for the easyHotel chain of budget accommodation, it was reported on Thursday, valued at about £400m.
Thu 15 Aug 2024 11:13
(Sharecast News) - Managed IT service provider Redcentric reported a robust full-year financial performance on Thursday, alongside significant progress in operational integration.
Thu 15 Aug 2024 10:54
(Sharecast News) - RBC Capital Markets upgraded DCC on Thursday to 'outperform' from 'sector perform' and lifted the price target to 5,800p from 5,700p following recent weakness.
Thu 15 Aug 2024 10:54
(Sharecast News) - 3i Infrastructure portfolio company Future Biogas has acquired a 51% stake in a portfolio of six anaerobic digestion facilities from JLEN Environmental Assets Group, it was announced on Thursday, for £68.1m.
Thu 15 Aug 2024 10:46
(Sharecast News) - Empiric Student Property reported a strong financial and operational first-half performance on Thursday, with a strategic shift towards growth as the company capitalised on favourable market conditions.
Thu 15 Aug 2024 10:34
(Sharecast News) - Mining services company Capital reported a mixed first half on Thursday, as it continued its strategic expansion and investment in new growth areas.
Thu 15 Aug 2024 10:18
(Sharecast News) - Analysts at Berenberg took a fresh look at the British insolvency services market on Thursday as it dissected the impact of the Labour Party's recent UK election victory on the sector.
Thu 15 Aug 2024 10:03
(Sharecast News) - Shares in specialist lender OSB Group were sliding on Thursday morning despite a robust set of first-half results, as it cut its net interest guidance for the full financial year.
Thu 15 Aug 2024 09:53
(Sharecast News) - C&C Group said in a trading update on Thursday that despite challenging weather conditions in June, its earnings for the year to date were in line with expectations, with a strong outlook for the rest of the financial year.
Thu 15 Aug 2024 09:26
(Sharecast News) - Rank Group said on Thursday that it swung back into the black in the year to the end of June as the Mecca Bingo and Grosvenor owner hailed a year of strong financial progress.
Thu 15 Aug 2024 09:19
(Sharecast News) - Gas and oil production company Diversified Energy delivered strong H1 results on Thursday.
Thu 15 Aug 2024 09:06
(Sharecast News) - William Hill and 888 owner Evoke reported a slump in first-half profits on Thursday as it highlighted a "disappointing" performance but sounded an upbeat note on the outlook.
Thu 15 Aug 2024 07:59
(Sharecast News) - Energy storage and clean fuel company ITM Power said on Thursday that revenues had more than tripled in the 12 months ended 30 April.
Thu 15 Aug 2024 07:18
(Sharecast News) - Woodside flagged anticipated first-half production costs of $710m to $780m in an update on Thursday, with royalties, excise and levies expected to amount to $180m to $210m.
Thu 15 Aug 2024 07:15
(Sharecast News) - Specialist scientific instrument investor Judges Scientific announced the acquisition of Magsputter, the holding company of Teer Coatings, on Thursday.
Thu 15 Aug 2024 07:04
(Sharecast News) - Shares in Admiral surged on Thursday as the UK insurance group posted a better-than-expected 32% rise in half-year pre-tax profits to £310m, driven by an improved current year underwriting performance and claims releases.
Wed 14 Aug 2024 16:31
(Sharecast News) - Canaccord Genuity stood by its 'buy' rating and 260.0p target price on software and services firm Beeks Financial Cloud on Wednesday following a fresh update from the group.
Wed 14 Aug 2024 15:30
(Sharecast News) - Investors' focus on Thursday will be on a raft of US economic data which may be even more closely scrutinised than usual as the central bank's mid-September meeting approaches.
Wed 14 Aug 2024 12:30
(Sharecast News) - Shares in lingerie and fashion giant Victoria's Secret were rising early on Wednesday, after it announced the appointment of a new CEO, and reported preliminary quarterly results ahead of its previous forecasts.
Wed 14 Aug 2024 11:48
(Sharecast News) - Mars confirmed on Wednesday that it has agreed to buy Pringles and Cheez-It maker Kellanova in a $35.9bn deal.
Wed 14 Aug 2024 11:00
(Sharecast News) - Beeks Financial Cloud, a provider of cloud computing and connectivity solutions for financial markets, announced on Wednesday that it has received regulatory approval for its Exchange Cloud contract with one of the largest exchange groups globally.
Wed 14 Aug 2024 10:49
(Sharecast News) - Playtech surged on Wednesday after confirming it is in talks with Flutter Entertainment about the possible sale of its Italian business, Snaitech.
Wed 14 Aug 2024 10:46
(Sharecast News) - Secure Trust Bank reported a solid set of first-half financial results on Wednesday, with a 14% increase in profit before tax to £17.1m, up from £15m in the same period last year.
Wed 14 Aug 2024 10:40
(Sharecast News) - Homeware company Ultimate Products reported a 6.5% decrease in unaudited group revenue in an update on Wednesday, to £155.5m for the financial year just ended, from £166.3m a year earlier.
Wed 14 Aug 2024 10:35
(Sharecast News) - Titanium and zircon producer Kenmare Resources reported a 33% year-on-year decline in first-half revenue on Wednesday, to $154.5m.
Wed 14 Aug 2024 10:28
(Sharecast News) - Mining services company Capital Limited announced the sale of its entire shareholding in Predictive Discovery (PDI) on Wednesday, to Perseus Mining for a total cash consideration of AUD 47.3m (£24.42m).
Wed 14 Aug 2024 10:10
(Sharecast News) - Analysts at Berenberg lowered their target price on chemicals company Synthomer from 375.0p to 340.0p on Wednesday after the group's interim earnings "delivered both grounds for hope and reasons for caution".
Wed 14 Aug 2024 09:17
(Sharecast News) - Insurance firm Aviva said on Wednesday that profits had surged in the six months ended 30 June on the back of an increase in written premiums throughout the period.
Wed 14 Aug 2024 07:49
(Sharecast News) - Holiday company Tui on Wednesday posted better-than-expected third-quarter earnings on the back of strong summer demand and the collapse of German rival FTI.
Wed 14 Aug 2024 07:21
(Sharecast News) - Venture capital firm Molten Ventures said on Wednesday that recent exits had totalled £124.0m, meaning the group has now almost reached its annual target.
Wed 14 Aug 2024 07:17
(Sharecast News) - Hammerson, in partnership with PIMCO Prime Real Estate, has successfully secured a €350m non-recourse term loan to refinance the existing debt on Dundrum Town Centre in Dublin.
Wed 14 Aug 2024 07:03
(Sharecast News) - British infrastructure company Balfour Beatty on Wednesday lifted its dividend by 9% and said it expected annual earnings to grow after a jump in half-year profit.
Tue 13 Aug 2024 21:39
(Sharecast News) - Flutter Entertainment lifted its full-year guidance on Tuesday after a better-than-expected second-quarter performance.
Tue 13 Aug 2024 13:36
(Sharecast News) - Crest Nicholson tumbled on Tuesday after Bellway said it was not planning to make an offer for its housebuilding rival.
Tue 13 Aug 2024 13:32
(Sharecast News) - Starbucks announced the appointment of Brian Niccol as its new chairman and chief executive officer on Tuesday, effective 9 September.
Tue 13 Aug 2024 13:28
(Sharecast News) - JPMorgan Cazenove upgraded Bridgepoint on Tuesday to 'overweight' from 'neutral' as it took a look at European private markets asset managers.
Tue 13 Aug 2024 12:37
(Sharecast News) - The cost of living in the States is expected to have slipped again last month, but investors are keen to know by just how much.
Tue 13 Aug 2024 12:13
(Sharecast News) - Accesso Technology Group announced the passing of its chief financial officer Fern MacDonald on Tuesday, after a battle with cancer.
Tue 13 Aug 2024 12:11
(Sharecast News) - Gem Diamonds reported solid operational and sales results for the first half on Tuesday, with growth in both carat sales and revenue.
Tue 13 Aug 2024 12:00
(Sharecast News) - Witan Investment Trust reported a strong first-half financial performance on Tuesday, with a significant increase in net asset value alongside its proposed strategic combination with Alliance Trust.
Tue 13 Aug 2024 11:57
(Sharecast News) - Life science investor Syncona reported significant developments in its portfolio during its first quarter on Tuesday, despite a slight decline in net assets.
Tue 13 Aug 2024 11:50
(Sharecast News) - Titanium and zircon producer Kenmare Resources announced the appointment of Tom Hickey as its new managing director on Tuesday, effective from 15 August.
Tue 13 Aug 2024 10:21
(Sharecast News) - PPHE Hotel Group announced the receipt of planning approval for a new mixed-use hotel-led development on London's South Bank on Tuesday.
Tue 13 Aug 2024 10:05
(Sharecast News) - The Eastern Green Link 2 (EGL2), a major electricity transmission project connecting Scotland and Yorkshire, has become the first to complete Ofgem's fast-tracked funding process under the Accelerated Strategic Transmission Investment (ASTI) framework.
Tue 13 Aug 2024 09:55
(Sharecast News) - Citi said on Tuesday that it had issued a "positive short-term view" on Admiral ahead of its first-half results on 15 August.
Tue 13 Aug 2024 09:13
(Sharecast News) - Analysts at Berenberg raised their target price on Hikma Pharmaceuticals from 2,000.0p to 2,100.0p on Tuesday following an "impressive" H1 performance.
Tue 13 Aug 2024 09:00
(Sharecast News) - Plastic piping systems manufacturer Genuit said on Tuesday that pre-tax profits had almost halved in the first six months of the year as a result of reduced turnover throughout the period.
Tue 13 Aug 2024 08:49
(Sharecast News) - Just Group shares were rocketing on Tuesday morning, after it announced a robust set of first-half results.
Tue 13 Aug 2024 08:06
(Sharecast News) - Tate & Lyle said on Tuesday that it has appointed Sarah Kuijlaars as its chief financial officer with effect from 16 September.
Tue 13 Aug 2024 07:58
(Sharecast News) - Dowlais said on Tuesday that it was considering a potential sale of its Powder Metallurgy business and that it now expects a decline in full-year revenue.
Tue 13 Aug 2024 07:18
(Sharecast News) - Telecom Plus reported sustained strong performance for the current financial year in an update on Tuesday, having highlighted robust growth in its annual results in June.
Tue 13 Aug 2024 07:16
(Sharecast News) - Energy storage and clean fuel business ITM Power has inked a contract for its REFHYNE II project following a recent positive final investment decision from industry giant Royal Dutch Shell.
Tue 13 Aug 2024 07:14
(Sharecast News) - The UK unemployment rate fell unexpectedly in June, according to figures on Tuesday by the Office for National Statistics.
Tue 13 Aug 2024 07:09
(Sharecast News) - Synthomer reported growth in revenues, earnings and underlying earnings per share over the first half of 2024 and reiterated its full-year guidance.
Mon 12 Aug 2024 15:05
(Sharecast News) - Standard Chartered has folded its industries coverage team into its mergers and acquisitions (M&A) advisory unit, it was reported on Monday, resulting in the elimination of over 20 positions globally.
Mon 12 Aug 2024 14:58
(Sharecast News) - RBC Capital Markets upgraded Diageo on Monday to 'sector perform' from 'underperform' and lifted the price target to 2,400p from 2,100p.
Mon 12 Aug 2024 14:52
(Sharecast News) - Analysts at Berenberg hiked their target price on wealth management firm Quilter from 105.0p to 135.0p on Monday after H1 profits came in ahead of consensus estimates.
Mon 12 Aug 2024 13:59
(Sharecast News) - Banking giant HSBC vowed to make no further branch closures until at least 2026 on Monday as it promised to spend more than £50.0m on updating and improving its branch network.
Mon 12 Aug 2024 12:55
(Sharecast News) - Analysts at Deutsche Bank downgraded their recommendation for shares of JD Sports from 'hold' to 'sell' due to what it saw as the inevitable cost of growing the business and trimmed their target price of 115.0p.
Mon 12 Aug 2024 11:56
(Sharecast News) - Apax Global Alpha (AGA) updated the market on the planned take-private transaction of technology consultancy Thoughtworks on Monday.
Mon 12 Aug 2024 11:52
(Sharecast News) - Royal Mail parent International Distribution Services (IDS) announced on Monday that its parcel services subsidiary, GLS, would sell its US freight divisions to California-based DC Logistics.
Mon 12 Aug 2024 11:52
(Sharecast News) - Royal Mail parent International Distribution Services (IDS) announced on Monday that its parcel services subsidiary, GLS, would sell its US freight divisions to California-based DC Logistics.
Mon 12 Aug 2024 11:51
(Sharecast News) - International Workplace Group announced on Monday that it has repurchased £37.2m in principal amount of its £350m 0.5% convertible bonds due 2027.
Mon 12 Aug 2024 11:48
(Sharecast News) - IG Group kicked off the first tranche of its new share buyback programme on Monday, having announced plans to repurchase up to £150m of shares on 25 July.
Mon 12 Aug 2024 11:44
(Sharecast News) - Specialist motor and property finance lender S&U reported contrasting performance across its divisions in an update on Monday, with particular difficulties in motor finance.
Mon 12 Aug 2024 10:47
(Sharecast News) - Downing Renewables & Infrastructure announced a series of positive developments across its portfolio in an update on Monday.
Mon 12 Aug 2024 08:21
(Sharecast News) - Britain's Heathrow Airport said on Monday that passenger numbers had fallen by 90,000 on certain routes following the introduction of a £10 electronic travel authorisation charge that it branded "devastating" for its hub competitiveness.
Mon 12 Aug 2024 08:15
(Sharecast News) - Investors' focus on Tuesday will be on producer price data that are scheduled for release in the US.
Mon 12 Aug 2024 07:31
(Sharecast News) - Catherine Mann, an external member of the Bank of England's monetary policy committee, has said the UK should not be "seduced" into thinking the battle against inflation is over after a short-term drop in the headline measure targeted by the Bank.
Mon 12 Aug 2024 07:17
(Sharecast News) - Landscaping and building products and supplier Marshalls reported a 13% decline in revenue for the first half on Monday, amounting to £306.7m.
Mon 12 Aug 2024 07:17
(Sharecast News) - Environmental markets investment trust Impax Environmental Markets said on Monday that net asset value had fallen in the six months ended 30 June amid "material volatility".
Mon 12 Aug 2024 07:15
(Sharecast News) - BT Group welcomed news that Bharti Global had acquired Altice UK's 24.5% stake in the telecoms carrier.
Fri 09 Aug 2024 09:58
(Sharecast News) - Citi cut its price target on Fever-Tree on Friday to 950p from 1,115p citing slight model changes and an adjustment to its price-to-earnings valuation method.
Fri 09 Aug 2024 09:46
(Sharecast News) - Analysts at Berenberg slashed their target price on engineering firm Spirax Group from 9,800.0p to 8,150.0p on Friday following the group's "slightly underwhelming" set of interim results.
Fri 09 Aug 2024 09:18
(Sharecast News) - Investment trust The Renewables Infrastructure Group said on Friday that its net asset value had fallen in the six months ended 30 June as lower prices and soft energy generation impacted its overall performance.
Fri 09 Aug 2024 07:38
(Sharecast News) - Georgia-based TBC Bank reported robust second-quarter and first-half results on Friday, with significant year-on-year growth in profits and returns on equity (ROE).
Fri 09 Aug 2024 07:14
(Sharecast News) - Canaccord Genuity downgraded Future on Friday to 'sell' from 'hold' following a strong share price increase of around 100% from the lows.
Fri 09 Aug 2024 07:13
(Sharecast News) - Bar chain Revolution Bars said on Friday that its "long-term future" had been secured after its restructuring plans received approval from London's High Court.
Fri 09 Aug 2024 07:01
(Sharecast News) - UK house builder Bellway on Friday said it expected to return to growth in fiscal 2025 if market conditions remain stable, as the recent cut in interest rates and higher wages helped to fuel demand.
Thu 08 Aug 2024 19:05
(Sharecast News) - Rightmove said on Thursday that it had entered into a new membership agreement with online lettings agent OpenRent.
Thu 08 Aug 2024 15:59
(Sharecast News) - Budget airline Ryanair has extended its share buyback plan by €800m due to a stronger-than-expected cash position.
Thu 08 Aug 2024 15:53
(Sharecast News) - Financial markets' attention on Friday will shift towards Asia and inflation numbers due out in the region's largest economy.
Thu 08 Aug 2024 15:21
(Sharecast News) - Britain's competition regulator said it had started a formal inquiry into Amazon's investment in artificial intelligence start-up Anthropic.
Thu 08 Aug 2024 15:19
(Sharecast News) - Barclays has become the latest bank in the UK to lift the cap on senior banker bonuses, following in the footsteps of JPMorgan and Goldman Sachs.
Thu 08 Aug 2024 14:11
(Sharecast News) - Eli Lilly significantly raised its full-year revenue forecast by $3bn on Thursday, after reporting a strong second quarter driven by the robust performance of its blockbuster weight loss and diabetes drugs Zepbound and Mounjaro.
Thu 08 Aug 2024 14:11
(Sharecast News) - Eli Lilly significantly raised its full-year revenue forecast by $3bn on Thursday, after reporting a strong second quarter driven by the robust performance of its blockbuster weight loss and diabetes drugs Zepbound and Mounjaro.
Thu 08 Aug 2024 13:02
(Sharecast News) - Burford Capital posted a sharp rise in second quarter revenues with the firm's management describing its performance as "strong".
Thu 08 Aug 2024 12:56
(Sharecast News) - Driver monitoring technology company Seeing Machines announced significant growth in its key performance indicators for the fourth quarter on Thursday.
Thu 08 Aug 2024 12:43
(Sharecast News) - Accommodation booking platform Hostelworld reported a robust first-half performance on Thursday, driven by record bookings in Asia and Central America and the continued success of its social network strategy.
Thu 08 Aug 2024 12:38
(Sharecast News) - Cell and gene therapy contract development and manufacturing organisation Oxford Biomedica reported a strong first-half trading performance in an update on Thursday, with revenue expected to reach £50m.
Thu 08 Aug 2024 12:32
(Sharecast News) - Impact Healthcare REIT reported a robust set of first-half results on Thursday, reflecting solid growth in its UK healthcare real estate portfolio, particularly care homes.
Thu 08 Aug 2024 11:04
(Sharecast News) - Custodian Property Income REIT reported strong leasing activity for the June quarter on Thursday, underpinning its fully covered dividend and supporting a yield of about 7.7%.
Thu 08 Aug 2024 10:50
(Sharecast News) - Ex-ad tycoon Lord Maurice Saatchi's bid to acquire the Telegraph has been rejected, it emerged on Thursday, with his offer of £350m failing to progress to the second round of the auction process.
Thu 08 Aug 2024 10:34
(Sharecast News) - The deadline for Bellway's potential acquisition of Crest Nicholson has been extended, the two companies announced on Thursday, allowing more time for due diligence and negotiation.
Thu 08 Aug 2024 10:25
(Sharecast News) - Analysts at Berenberg lowered their target price on gold miner Endeavour Mining from 2,500.0p to 2,100.0p on Thursday as they rebased their estimates on the stock.
Thu 08 Aug 2024 09:58
(Sharecast News) - Derwent London reported a strong first-half rental income performance on Thursday, leading to an upgrade to its rental growth guidance.
Thu 08 Aug 2024 09:40
(Sharecast News) - Housing and social care provider Mears raised its full-year guidance on Thursday after it revealed the UK Ministry of Defence had extended certain key contracts.
Thu 08 Aug 2024 09:38
(Sharecast News) - Citi said on Thursday that it was renewing coverage on Glencore with a 'buy' rating and 530p price target, having previously suspended its rating.
Thu 08 Aug 2024 09:33
(Sharecast News) - Bermuda-based Lancashire Holdings saw profits rise by 26% in the first six months of 2024 as the non-life insurance group delivered its best-ever half-year performance.
Thu 08 Aug 2024 09:29
(Sharecast News) - Electronic components manufacturer TT Electronics said on Thursday that it has made "good progress" in the early stages of Project Dynamo, its programme to unlock value and drive financial and operational improvements across the board.
Thu 08 Aug 2024 09:18
(Sharecast News) - Intellectual property business IP Group said on Thursday that it would increase its current share buyback programme as a result of cash proceeds from H1 exits coming in ahead of the prior year.
Thu 08 Aug 2024 09:07
(Sharecast News) - Helios Towers announced a strong set of first-half results on Thursday, with upgraded full-year guidance, but its share price was well below the waterline as investors reacted to a fall in quarterly profit.
Thu 08 Aug 2024 09:04
(Sharecast News) - Automotive components manufacturer TI Fluid Systems posted interim profits that came in ahead of expectations on Thursday and said it was confident that adjusted underlying earnings margins would continue to expand throughout FY24.
Thu 08 Aug 2024 08:42
(Sharecast News) - Industrial and commercial steam system products manufacturer Spirax Group fell short of market expectations with its first-half performance but said on Thursday that H2 would be stronger.
Thu 08 Aug 2024 08:19
(Sharecast News) - Ventilation specialist Genuit Group said it had bought Sky Garden Limited, Omnie and Timoleon for a combined £5.2m.
Thu 08 Aug 2024 08:15
(Sharecast News) - Construction company Morgan Sindall said on Thursday that its full-year performance was set to be "slightly ahead" of its previous expectations after a record first-half performance.
Thu 08 Aug 2024 08:11
(Sharecast News) - Shares in Hill & Smith dropped on Thursday despite the company reaffirming recently upgraded full-year guidance after a solid first-half performance.
Thu 08 Aug 2024 08:02
(Sharecast News) - Pharmaceutical company Hikma Pharmaceuticals shares were in the green early on Thursday after the group's H1 results pointed to an "excellent" start to the year and upgraded FY guidance.
Thu 08 Aug 2024 08:01
(Sharecast News) - Assura said it had signed a deal with Northwest Healthcare Properties to buy its UK private hospital portfolio for £500m.
Thu 08 Aug 2024 08:01
(Sharecast News) - Harbour Energy narrowed its full-year production guidance on Thursday as the oil and gas producer pointed to "good" progress on its capital projects and planned maintenance shutdowns.
Thu 08 Aug 2024 07:55
(Sharecast News) - Sports betting and gaming group Entain has lifted its full-year guidance after a stronger-than-expected second quarter along with the revised timing of regulatory implementation in Brazil and the Netherlands, causing shares to surge on Thursday.
Thu 08 Aug 2024 07:50
(Sharecast News) - Recruiter PageGroup posted a slump in first-half profit on Thursday as revenue fell in "challenging" market conditions.
Thu 08 Aug 2024 07:41
(Sharecast News) - UK takeaway delivery company Deliveroo on Thursday said it expected annual earnings to be in the upper half of forecasts after swinging to a profit for the first six months of the year.
Thu 08 Aug 2024 07:39
(Sharecast News) - Housebuilder Persimmon reported a decline in first-half pre-tax profit on Thursday but said it was on track to deliver full-year completions at the top end of guidance.
Thu 08 Aug 2024 07:29
(Sharecast News) - Britain's competition regulator said its phase 1 review into Barratt's £2.5bn deal to buy smaller house builder Redrow had raised concerns around one Barratt development.
Thu 08 Aug 2024 07:27
(Sharecast News) - Beazley announced a record profit before tax of $728.9m for the first half on Thursday, nearly doubling its $366.4 million profit from the same period last year.
Thu 08 Aug 2024 07:21
(Sharecast News) - Building materials group CRH said on Thursday that it was lifting its full-year guidance as it posted a jump in second-quarter core profits.
Thu 08 Aug 2024 07:17
(Sharecast News) - Real estate firm Savills held annual guidance as it reported a sharp jump in interim profits amid signs of a global recovery, although major markets were still "subdued".
Thu 08 Aug 2024 07:14
(Sharecast News) - Deutsche Telekom has reported a strong second quarter on Thursday, continuing its steady growth trajectory.
Thu 08 Aug 2024 07:01
(Sharecast News) - Events organiser Ascential said it had signed a deal to buy the commercial assets of advertising awards owner Effie for an undisclosed sum.
Wed 07 Aug 2024 15:18
(Sharecast News) - Over at Canaccord Genuity, analysts upgraded telecommunications testing company Spirent Communications from 'hold' to 'speculative buy' on Wednesday following the group's H1 trading update a day earlier.
Wed 07 Aug 2024 15:12
(Sharecast News) - British Land is reportedly considering voting against a restructuring of Cineworld's British operations that could lead to the closure of dozens of sites.
Wed 07 Aug 2024 13:50
(Sharecast News) - The economic calendar on Thursday will be very light.
Wed 07 Aug 2024 12:58
(Sharecast News) - Hewlett Packard Enterprise's $14bn acquisition of Juniper Networks, has been approved by the UK's competition regulator.
Wed 07 Aug 2024 12:50
(Sharecast News) - Braveheart Investment Group announced on Wednesday that it has expanded its investment in Image Scan Holdings, a company within its portfolio that specialises in security imaging solutions.
Wed 07 Aug 2024 12:23
(Sharecast News) - Apax Global Alpha (AGA), a closed-ended investment company that offers access to Apax Private Equity Funds, announced an upcoming strategic investment in greytHR, a human resource management software (HRMS) platform based in India.
Wed 07 Aug 2024 10:42
(Sharecast News) - Technology investing giant SoftBank Group reported a significant reduction in losses for its fiscal first quarter on Wednesday, alongside a bold plan to repurchase up to $3.4bn worth of its shares.
Wed 07 Aug 2024 10:32
(Sharecast News) - Analysts at Berenberg upgraded video games business Frontier Developments from 'hold' to 'buy' on Wednesday and hiked their target price on the stock from 300.0p to 330.0p, stating the group's pipeline had now de-risked the equity story.
Wed 07 Aug 2024 09:25
(Sharecast News) - Vodafone has announced a share buyback programme of up €500m (£430m) to start on Wednesday and end no later than 29 November.
Wed 07 Aug 2024 09:18
(Sharecast News) - Commerzbank, Germany's second-largest listed bank, announced a 4.8% decline in second-quarter net profit on Wednesday, reporting earnings of €538m compared to €565m in the same period last year.
Wed 07 Aug 2024 09:15
(Sharecast News) - Lloyd's of London insurer Hiscox posted a rise in first-half pre-tax profit on Wednesday despite a "more active loss environment".
Wed 07 Aug 2024 09:02
(Sharecast News) - Real estate investment trust Tritax Big Box said on Wednesday that profits had grown in the six months ended 30 June, leading to a slight year-on-year hike in the group's interim dividend.
Wed 07 Aug 2024 08:48
(Sharecast News) - TP ICAP reported steady growth across key metrics in its first-half results on Wednesday, as it launched its third share buyback programme valued at £30m.
Wed 07 Aug 2024 08:45
(Sharecast News) - Promotional products marketing group 4imprint said on Wednesday that both revenue and profits had grown in the six months ended 29 June as the group took share in "challenging market conditions".
Wed 07 Aug 2024 08:27
(Sharecast News) - Wealth management firm Quilter posted record interim adjusted profits on Wednesday as net inflows bounced back amid a recovery in global equity markets throughout the half.
Wed 07 Aug 2024 08:04
(Sharecast News) - Brick maker and building supplies company Ibstock reported a slump in first-half profits and sales as Britain's soggy summer hit the construction industry but sounded a note of cautious optimism around medium-term prospects under the new Labour government's plans to accelerate house building, sending shares in the company higher.
Wed 07 Aug 2024 08:02
(Sharecast News) - Commercial property investment firm CLS Holdings reported mixed H1 numbers on Wednesday as it also revealed it had struck a deal for its first letting at its Artesian asset in East London.
Wed 07 Aug 2024 07:58
(Sharecast News) - Tullow Oil was able to grew profits in the first half of 2024 despite a weaker top line, as the Irish oil and gas group reduced its capital expenditure budget for the full year.
Wed 07 Aug 2024 07:33
(Sharecast News) - WPP, the world's largest advertising company, reported a steady first-half performance on Wednesday, although macroeconomic pressures and challenges in key markets such as China saw it revise its full-year outlook.
Wed 07 Aug 2024 07:23
(Sharecast News) - Coca-Cola HBC, the UK-listed anchor bottler for the American beverage giant, has upgraded its guidance for 2024 after a strong first half with solid revenue growth and market share gains.
Wed 07 Aug 2024 07:14
(Sharecast News) - Glencore posted a sharp decline in operating and net profits at the half-year stage, but sounded an optimistic note on the outlook for shareholder returns.
Wed 07 Aug 2024 07:13
(Sharecast News) - Ofwat said on Wednesday that it was looking to appoint a monitor to report on Thames Water's progress in turning the business around after the water company lost two investment grade credit ratings.
Wed 07 Aug 2024 07:09
(Sharecast News) - Property portal Rightmove has announced that it is recruiting an internal replacement for its outgoing chief financial officer.
Wed 07 Aug 2024 07:05
(Sharecast News) - Financial services and asset management group Legal and General on Wednesday posted interim operating profit that beat analyst forecasts, driven by higher annuity sales.
Tue 06 Aug 2024 15:05
(Sharecast News) - Fuller, Smith & Turner has announced the acquisition of seven Warwickshire pubs with the £22.5m takeover of Lovely Pubs.
Tue 06 Aug 2024 13:03
(Sharecast News) - Apax Global Alpha (AGA), a London-listed investment company providing access to Apax private equity funds, updated the market on its portfolio on Tuesday, announcing the privatisation of Thoughtworks and its estimated adjusted net asset value as of the end of June.
Tue 06 Aug 2024 12:56
(Sharecast News) - Petra Diamonds announced the postponement of its first tender for the 2025 financial year on Tuesday, originally scheduled for August and September.
Tue 06 Aug 2024 12:56
(Sharecast News) - Petra Diamonds announced the postponement of its first tender for the 2025 financial year on Tuesday, originally scheduled for August and September.
Tue 06 Aug 2024 12:13
(Sharecast News) - Caterpillar announced a mixed set of second-quarter results on Tuesday, marked by a slight decline in revenue but a solid profit margin.
Tue 06 Aug 2024 11:11
(Sharecast News) - Cellular materials technology specialist Zotefoams reported record financial results for the first half on Tuesday, driven by strong sales and significant growth in its high-performance products (HPP) division.
Tue 06 Aug 2024 11:02
(Sharecast News) - International Workplace Group reported record first-half financial results on Tuesday, driven by a strategic network expansion across its brands including Regus and Spaces.
Tue 06 Aug 2024 10:41
(Sharecast News) - Analysts at Berenberg slashed their target price on market research and analytics firm YouGov from 1,200.0p to 810.0p on Tuesday morning following the group's FY24 trading update.
Tue 06 Aug 2024 10:31
(Sharecast News) - Rolls-Royce rallied on Tuesday as JPMorgan Cazenove hiked its price target on the stock to 535p from 475p "after another set of strong results".
Tue 06 Aug 2024 10:24
(Sharecast News) - Waste-to-product specialist Renewi reported a 3% year-on-year increase in revenue to €434.4m for its first quarter on Tuesday, driven by higher core volumes and input prices across its commercial waste and specialities divisions.
Tue 06 Aug 2024 10:09
(Sharecast News) - Financial markets' attention will shift to outside the US on Wednesday, barring surprises.
Tue 06 Aug 2024 10:07
(Sharecast News) - Industrial flow control equipment manufacturer Rotork said on Tuesday that it had delivered a "strong H1 performance" as it reiterated its FY24 guidance.
Tue 06 Aug 2024 09:55
(Sharecast News) - Morgan Advanced Materials has reported a robust set of half-year results on Tuesday, with a 3.4% increase in revenue to £572.6m and a 42.6% surge in group adjusted operating profit, which reached £71.3m.
Tue 06 Aug 2024 09:31
(Sharecast News) - Online real estate portal operator Rightmove parted way with lettings platform OpenRent on Tuesday but assured investors that its FY24 trading performance would not be affected.
Tue 06 Aug 2024 09:19
(Sharecast News) - Thames Water, Yorkshire Water and Northumbrian Water were all the subjects of Ofwat's ire on Tuesday as the water regulator looks to clean up the industry amid historic sewage spills.
Tue 06 Aug 2024 09:09
(Sharecast News) - Spirent Communications said on Tuesday that it swung to a loss in the first half as revenue fell amid challenging trading conditions.
Tue 06 Aug 2024 08:53
(Sharecast News) - Keller surged on Tuesday as it said its full-year performance was set to be "materially ahead" of current market expectations after a strong first half.
Tue 06 Aug 2024 08:49
(Sharecast News) - Shares in research and data analytics firm YouGov surged on Tuesday after the company upgraded its full-year guidance and announced the acquisition of research-focused AI firm Yabble.
Tue 06 Aug 2024 08:24
(Sharecast News) - SIG reported a decline in first-half revenue in its interim results on Tuesday, reflecting difficult trading conditions across key markets.
Tue 06 Aug 2024 08:08
(Sharecast News) - Ceres Power licensed Denso Corp. to manufacture its solid oxide electrolyser cells for making green hydrogen fuel.
Tue 06 Aug 2024 07:58
(Sharecast News) - Domino's Pizza warned on Tuesday that full-year profit would be towards the lower end of the current range of market expectations after a slower start to the first half.
Tue 06 Aug 2024 07:48
(Sharecast News) - RBC Capital Markets downgraded Endeavour Mining on Tuesday to 'sector perform' from 'outperform' given its cautious view around rising operational and geopolitical risk, which it noted comes amid significant management changes this year.
Tue 06 Aug 2024 07:35
(Sharecast News) - Travis Perkins posted a drop in first-half profit on Tuesday as it pointed to continued weak demand across its end markets and cut its profit outlook for the full year.
Tue 06 Aug 2024 07:26
(Sharecast News) - Abrdn beat analysts' estimates for revenues and profit at the half-year stage.
Tue 06 Aug 2024 07:21
(Sharecast News) - Critical power control solutions developer XP Power said on Tuesday that both revenue and profits had declined in the six months ended 30 June as a result of a "challenging" trading environment.
Tue 06 Aug 2024 07:18
(Sharecast News) - GSK was upbeat after securing a legal victory in a case in the ongoing litigation surrounding its discontinued heartburn drug Zantac.
Tue 06 Aug 2024 07:06
(Sharecast News) - Crowne Plaze, Regent and Holiday Inn owner InterContinental saw its bottom line shrink by 10% in the first half due to the planned reduction of its so-called System Fund surplus, though underlying profits improved by 12% due to solid margin improvements and an acceleration in RevPAR growth in the second quarter.
Mon 05 Aug 2024 12:39
(Sharecast News) - Clinical-stage biotechnology company Destiny Pharma announced new data on its lead drug, exeporfinium chloride (XF-73), on Monday.
Mon 05 Aug 2024 12:28
(Sharecast News) - Hargreaves Lansdown said on Monday that it has once again extended the deadline for a consortium led by CVC Advisers and the Abu Dhabi Investment Authority to make a firm offer for the investment platform.
Mon 05 Aug 2024 12:09
(Sharecast News) - German pharmaceutical company BioNTech reported a sharp increase in losses for its second quarter on Monday, as it pivoted away from its Covid-19 vaccine business towards cancer drug development.
Mon 05 Aug 2024 11:00
(Sharecast News) - Analysts at Berenberg updated their investment model on Ecora Resources on Monday and hiked their target price on the stock from 140.0p to 150.0p following the release of an updated feasibility study on the Santo Domingo project in Chile.
Mon 05 Aug 2024 10:11
(Sharecast News) - Kosmos Energy reported net income of $60m for its second quarter on Monday, translating to 12 cents per diluted share, while on an adjusted basis, its net income reached $80m, or 17 cents per diluted share.
Mon 05 Aug 2024 10:03
(Sharecast News) - Petroleum exploration and production company Woodside Energy said on Monday that it has acquired a lower-carbon ammonia project in Texas for an all-cash consideration of approximately $2.35bn.
Mon 05 Aug 2024 08:46
(Sharecast News) - NewRiver REIT reported a solid first-quarter performance on Monday, maintaining a high occupancy rate of 97.3% across its portfolio and achieving significant leasing success.
Mon 05 Aug 2024 08:32
(Sharecast News) - Regional property specialist Regional REIT said on Monday that it had made "strong progress" on lettings and disposals during the three months ended 30 June.
Mon 05 Aug 2024 08:24
(Sharecast News) - Wood Group tumbled on Monday after Dubai-based engineering and consultancy firm Sidara said it won't be making a firm takeover offer for the company due to "geopolitical risks and financial market uncertainty".
Mon 05 Aug 2024 07:53
(Sharecast News) - JPMorgan Cazenove reinstated coverage on Serco on Monday with an 'overweight' rating and a target price of 215p.
Mon 05 Aug 2024 07:17
(Sharecast News) - Senior reported what it called a "robust" set of interim results on Monday, despite mixed performances across some metrics.
Mon 05 Aug 2024 07:16
(Sharecast News) - Shipping services firm Clarksons reiterated its expectations for the full year on Monday even as it posted a drop in interim profit and revenue.
Mon 05 Aug 2024 07:15
(Sharecast News) - Octopus Renewables Infrastructure Trust (ORIT) declared an interim dividend of 1.51p per share for the period from 1 April to 30 June on Monday.
Mon 05 Aug 2024 06:55
(Sharecast News) - Investors' focus on Tuesday will be on equity markets and whether or not the rout of the last few sessions abates.
Fri 02 Aug 2024 15:41
(Sharecast News) - Iberdrola said on Friday that it has agreed to buy an 88% stake in Electricity North West (ENW) in the UK for £2.1bn.
Fri 02 Aug 2024 14:57
(Sharecast News) - SkinBioTherapeutics announced on Friday that it has secured an investment of £1.56m on Friday, removing any uncertainty around its medium-term financing.
Fri 02 Aug 2024 11:55
(Sharecast News) - ExxonMobil announced second-quarter earnings above market forecasts on Friday, with the total coming in at $9.2bn, or $2.14 per share.
Fri 02 Aug 2024 11:36
(Sharecast News) - Chevron announced a fall in second-quarter earnings on Friday, to $4.4bn, down from $6bn in the same period last year.
Fri 02 Aug 2024 10:53
(Sharecast News) - HgCapital Trust announced an investment in CTAIMA and E-coordina, two Iberian companies specialising in contractor management, risk, and compliance software, on Friday.
Fri 02 Aug 2024 10:26
(Sharecast News) - Manufacturing and engineering firm Senior has inked a contract with German original equipment manufacturer Deutsche Aircraft for the design, development and manufacture of the Bleed Air System and the Engine Build Up system for its D328eco aircraft.
Fri 02 Aug 2024 10:18
(Sharecast News) - RBC Capital Markets reiterated its 'outperform' rating on ITM Power on Friday as it pointed to a "relatively attractive" risk/reward profile.
Fri 02 Aug 2024 10:01
(Sharecast News) - Luxury car company Aston-Martin Lagonda has successfully placed senior secured notes totalling approximately £135.0m, further strengthening its financial position and supporting long-term growth.
Fri 02 Aug 2024 09:44
(Sharecast News) - Budget airline Ryanair reported an 8% jump in passenger numbers for July on Tuesday.
Fri 02 Aug 2024 09:28
(Sharecast News) - Outsourcing company Capita said on Friday that it had returned to profit in the first half of the trading year amid a recommitment to cost-cutting efforts.
Fri 02 Aug 2024 09:12
(Sharecast News) - NCC surged on Friday after it announced the sale of its non-core Fox Crypto business for around €77m (£65.4m).
Fri 02 Aug 2024 08:48
(Sharecast News) - Virgin Money reported a dip in third-quarter customer lending and mortgages on Friday ahead of its takeover by Nationwide.
Fri 02 Aug 2024 08:35
(Sharecast News) - ITM Power updated its guidance for the financial year ended 30 April on Friday, with an improved EBITDA outlook.
Fri 02 Aug 2024 07:34
(Sharecast News) - GSK said the US Food and Drug Administration has approved its Jemperli treatment in combination with chemotherapy and then use on its own for adult patients with primary advanced or recurrent endometrial cancer.
Fri 02 Aug 2024 07:31
(Sharecast News) - Citi added Ryanair to its 'Europe Focus List' on Friday and opened a 90-day 'positive short-term view'.
Fri 02 Aug 2024 07:19
(Sharecast News) - IAG described its performance during the first half of 2024 as "strong" and announced the restart of dividend payments.
Fri 02 Aug 2024 07:18
(Sharecast News) - Intertek reported a solid first-half financial performance on Friday, achieving double-digit growth in operating profit, earnings per share, and free cash flow.
Fri 02 Aug 2024 07:16
(Sharecast News) - Analysts at Berenberg raised their target price on thread and structural components manufacturer Coats Group from 100.0p to 120.0p on Friday as it said the group was "knitting it all together" during H1.
Fri 02 Aug 2024 07:03
(Sharecast News) - Budget carrier Wizz Air reported a fall in operated capacity and passenger numbers in July due to engine-related groundings of some of its Airbus 321neo fleet of aircraft.
Thu 01 Aug 2024 17:04
(Sharecast News) - British Airways and Iberia owner IAG said on Thursday that it had terminated its agreement to buy Air Europa as it would not be in the best interests of shareholders "in the current regulatory environment".
Thu 01 Aug 2024 12:51
(Sharecast News) - BMW reported a decline in its automotive segment's profit margin for the second quarter on Thursday, driven by increased competition and weakening demand in China, a crucial market for the German carmaker.
Thu 01 Aug 2024 12:43
(Sharecast News) - Shopping centre real estate investment trust Capital & Regional reported a strong set of first-half financial results on Thursday, marked by a 17.1% increase in net rental income (NRI) to £13.7m.
Thu 01 Aug 2024 12:42
(Sharecast News) - Societe Generale tumbled on Thursday after cutting the outlook for its French retail bank.
Thu 01 Aug 2024 12:13
(Sharecast News) - All eyes at the end of the week would be on the US jobs market - geopolitics permitting.
Thu 01 Aug 2024 12:06
(Sharecast News) - Moderna reported a significant fall in second quarter revenue on Thursday, to $241m, down from $344m in the same period last year, as it lowered its full-year guidance amid weak Europe sales and a competitive US market.
Thu 01 Aug 2024 11:56
(Sharecast News) - Mondi reported a solid first-half performance on Thursday, despite facing market challenges, as underlying EBITDA fell to €565m from €680m year-on-year, resulting in an EBITDA margin of 15.1%.
Thu 01 Aug 2024 11:32
(Sharecast News) - Shares in public services provider Serco were in the red on Thursday after the group revealed that both revenue and profits had fall in the six months ended 30 June.
Thu 01 Aug 2024 10:50
(Sharecast News) - Industrial thread specialist Coats Group announced a robust set of interim results on Thursday, with a 7% increase in revenue to $741m, and revenue growth accelerating to 8% on a constant exchange rate (CER) basis, leading to an upgrade to its full-year guidance.
Thu 01 Aug 2024 10:45
(Sharecast News) - Defence and security firm Qinetiq has secured an aerial training services contract with the German Armed Forces Procurement Office for the Bundeswehr, Air Force, Army, Navy and Special Forces.
Thu 01 Aug 2024 10:43
(Sharecast News) - Recruiter Robert Walters said on Thursday that it swung to a loss in the first half amid challenging conditions.
Thu 01 Aug 2024 10:40
(Sharecast News) - Aerospace group Melrose Industries reported a strong set of first-half results on Thursday, ahead of its expectations, with adjusted operating profit up 62% to £247m, although it adjusted its 2025 revenue targets amid "industry-wide" supply chain challenges.
Thu 01 Aug 2024 10:17
(Sharecast News) - Shares in Schroders were sliding on Thursday morning even after it announced a record high assets under management (AUM) of £773.7bn in its half-year results, up from £726.1bn a year earlier.
Thu 01 Aug 2024 10:13
(Sharecast News) - Consumer healthcare business Haleon said on Thursday that profits had grown in the six months ended 30 June, driven by solid H1 sales of its vitamins and oral health products.
Thu 01 Aug 2024 09:54
(Sharecast News) - Elementis lifted its full-year outlook on Thursday as it hailed a "strong" first-half delivery and announced a strategic review of its talc business.
Thu 01 Aug 2024 09:34
(Sharecast News) - Sub-prime lender Vanquis Banking said on Thursday that interim losses had widened even as it made "good progress" on its transformation efforts.
Thu 01 Aug 2024 09:30
(Sharecast News) - London Stock Exchange Group (LSEG) reported consistent growth across its divisions in its interim results on Thursday, alongside improved profitability and significant shareholder returns.
Thu 01 Aug 2024 09:11
(Sharecast News) - Vesuvius tumbled on Thursday after it said end markets were weaker than expected in the first half and that full-year headline trading profit was set to be "only slightly ahead" of last year on a constant currency basis.
Thu 01 Aug 2024 09:05
(Sharecast News) - Medical equipment manufacturer Smith & Nephew said on Thursday that interim profits had come in ahead of market expectations, thanks in no small part to the company's 12-point turnaround plan.
Thu 01 Aug 2024 08:39
(Sharecast News) - Barclays reported a return on tangible equity (RoTE) of 11.1% for its first half on Thursday, down from 13.2% in the same period last year, with profit before tax slipping to £4.2b from £4.6bn, although it raised its full-year net interest income guidance.
Thu 01 Aug 2024 08:25
(Sharecast News) - Defence and aerospace firm BAE Systems lifted its full-year guidance on Thursday as it posted a jump in underlying sales and earnings for the first half.
Thu 01 Aug 2024 08:12
(Sharecast News) - Rolls-Royce lifted its full-year profit guidance on Thursday as it hailed a strong first half and said it was reinstating dividends.
Thu 01 Aug 2024 07:59
(Sharecast News) - Low-cost carrier Wizz Air slashed full-year guidance on Thursday as it revealed Q1 profits had nearly halved.
Thu 01 Aug 2024 07:54
(Sharecast News) - Oil giant Shell reported better-than-expected earnings for the second quarter on Thursday as it announced a $3.5bn share buyback.
Thu 01 Aug 2024 07:18
(Sharecast News) - Next raised its profit guidance for the full year by £20m to £980m on Thursday, representing a 6.7% increase compared to last year, following a robust sales performance in the first half.
Thu 01 Aug 2024 07:14
(Sharecast News) - Pets at Home maintained its full-year guidance on Thursday as it hailed a "resilient" start to the year.
Wed 31 Jul 2024 12:48
(Sharecast News) - Citi upgraded LondonMetric on Wednesday to 'buy' from 'neutral' as it said cyclical growth and structural expertise was undervalued.
Wed 31 Jul 2024 12:35
(Sharecast News) - Boeing reported a wider-than-expected loss for its second quarter on Wednesday, as ongoing challenges in both its commercial and defence divisions led to weaker-than-anticipated financial results.
Wed 31 Jul 2024 12:16
(Sharecast News) - Hutchmed China reported a robust set of first-half financial results on Wednesday, underpinned by significant growth in oncology product revenue and a solid cash position to support ongoing expansion.
Wed 31 Jul 2024 12:07
(Sharecast News) - Investors' focus on Thursday will be squarely on an anticipated interest rate reduction by the Bank of England.
Wed 31 Jul 2024 11:44
(Sharecast News) - Africa-focused gold miner Endeavour Mining said on Wednesday that it would payout no less than $435.0m via dividend payments over the next two years as it revealed it remained on track to deliver full-year production at costs near the top end of guidance.
Wed 31 Jul 2024 11:41
(Sharecast News) - Picton Property Income reported a stable net asset value of £524.1m for the quarter ended 30 June on Wednesday, a slight decrease from £524.5m in the prior three months.
Wed 31 Jul 2024 10:51
(Sharecast News) - JPMorgan Cazenove upgraded Spectris on Wednesday to 'neutral' from 'underweight' and lifted the price target to 2,950p from 2,750p as it said the risk/reward was now more balanced.
Wed 31 Jul 2024 10:36
(Sharecast News) - Shares in Ricardo were advancing on Wednesday the environmental and engineering consultancy said it saw a recovery in profitability in the second half, and has entered the new financial year in a strong position.
Wed 31 Jul 2024 10:30
(Sharecast News) - Shaftesbury Capital reported a 1.6% increase in EPRA net tangible assets per share to 193.4p in its half-year report on Wednesday, up from 190.3p at the end of 2023.
Wed 31 Jul 2024 09:44
(Sharecast News) - Metro Bank shares were rocketing on Wednesday morning, after it upgraded its guidance on the back of a strong set of first-half results.
Wed 31 Jul 2024 09:39
(Sharecast News) - European plane maker Airbus reported a steep fall in second-quarter profit after a massive write down of its space business of almost €1bn.
Wed 31 Jul 2024 09:33
(Sharecast News) - Rathbones posted a jump in first-half profit and funds under management on Wednesday as it said it was ahead of its objectives following a merger with Investec Wealth & Investment (IW&I).
Wed 31 Jul 2024 09:32
(Sharecast News) - Reinsurance business Conduit said on Wednesday that its return on equity had improved in the six months ended 30 June, driven by "strong" year-on-year growth in gross written premiums.
Wed 31 Jul 2024 09:16
(Sharecast News) - Wickes posted a drop in first-half group revenue on Wednesday as it was hit by "challenging" conditions in its design and installation division.
Wed 31 Jul 2024 09:09
(Sharecast News) - Shares in Daily Mirror publisher Reach jumped on Wednesday as the company said it was on track to meet annual guidance after the European football championship, Taylor Swift's Eras Tour and the UK General Election boosted advertising revenues.
Wed 31 Jul 2024 08:48
(Sharecast News) - IT consulting group FDM slashed its interim dividend after profits halved in the first half on the back of ongoing touch market conditions, but said that full-year results should still be in line with current forecasts.
Wed 31 Jul 2024 08:29
(Sharecast News) - Just Eat backed its guidance for 2024 on Wednesday as it posted a more than 40% increase in first-half core profit and announced a new €150m share buyback programme.
Wed 31 Jul 2024 08:13
(Sharecast News) - Ukraine-focussed mining firm Ferrexpo shares traded higher on Wednesday after the London-listed group revealed interim profits had more than doubled.
Wed 31 Jul 2024 07:53
(Sharecast News) - Diageo's stock was attempting a rebound on Wednesday after a sell-off the previous session as its full-year results disappointed, but that didn't stop Citi from reiterating its 'buy' recommendation on the stock.
Wed 31 Jul 2024 07:39
(Sharecast News) - Precious metals producer Fresnillo has revealed that it was hit by a cyber attack that resulted in unauthorised access to certain IT systems and data.
Wed 31 Jul 2024 07:37
(Sharecast News) - UK pharmaceutical company GSK raised annual forecasts after better-than-expected second-quarter results, driven by a strong performance from its cancer and HIV treatments.
Wed 31 Jul 2024 07:22
(Sharecast News) - UK housebuilder Taylor Wimpey saw profits fall by more than a fifth in the first half as residual build cost inflation and weaker pricing hit margins, but said it now expects full-year completions to be at the top end of guidance after a solid operational performance.
Wed 31 Jul 2024 07:16
(Sharecast News) - Rio Tinto reported underlying EBITDA of $12.1bn for its first half on Wednesday, making for a modest 3% increase from the same period in 2023.
Wed 31 Jul 2024 07:15
(Sharecast News) - International Personal Finance (IPF) announced a solid set of first-half results on Wednesday, upgrading its full-year expectations after a significant increase in profits, alongside a new share buyback programme aimed at enhancing shareholder value.
Wed 31 Jul 2024 07:04
(Sharecast News) - HSBC on Wednesday said it would start a $3bn share buyback after the Asia-focused bank reported estimate-busting interim profits in its final set of results under chief executive Noel Quinn.
Tue 30 Jul 2024 19:36
(Sharecast News) - Trading was likely to remain restrained on Wednesday as investors waited on the Federal Reserve's policy announcement after the close of London markets.
Tue 30 Jul 2024 15:44
(Sharecast News) - Deutsche Bank downgraded Man Group on Tuesday to 'hold' from 'buy' and cut the price target to 280p from 325p.
Tue 30 Jul 2024 14:43
(Sharecast News) - Online marketplace Vinted has reportedly launched a share sale that could value it at as much as $5bn (£3.9bn).
Tue 30 Jul 2024 12:57
(Sharecast News) - PayPal reported a strong set of second-quarter results on Tuesday, surpassing analyst expectations, as it hiked its full-year earnings forecast.
Tue 30 Jul 2024 12:35
(Sharecast News) - US pharma giant Pfizer lifted its full-year profit forecast on Tuesday after second-quarter sales of its Covid vaccine and antiviral treatment came in better than expected, along with contributions from new cancer treatments and sales of its heart disease drug.
Tue 30 Jul 2024 12:13
(Sharecast News) - Motor insurance underwriter Sabre Insurance Group reported a strong set of half-year results on Tuesday, with substantial year-on-year profit growth and healthy gross written premium levels at target margins.
Tue 30 Jul 2024 12:05
(Sharecast News) - Structural steel company Severfield said in an update on Tuesday that trading since the start of the financial year had met expectations.
Tue 30 Jul 2024 12:01
(Sharecast News) - Ocado Group announced the successful pricing of its £250m guaranteed senior unsecured convertible bonds on Tuesday, due 2029.
Tue 30 Jul 2024 11:56
(Sharecast News) - AstraZeneca announced on Tuesday that its wholly owned subsidiary, AstraZeneca Finance, priced a €1.4bn eurobond offering on 29 July.
Tue 30 Jul 2024 11:52
(Sharecast News) - Forterra reported a challenging first half on Tuesday, with revenue falling 11.5% year-on-year to £162.1m as the UK brick industry saw a 9% decline in despatches, and its own despatches in line with that trend.
Tue 30 Jul 2024 11:11
(Sharecast News) - Shares in Xaar dropped on Tuesday after the inkjet printing tech group guided to a 16% drop in revenues for the first half.
Tue 30 Jul 2024 11:10
(Sharecast News) - RBC Capital Markets downgraded Howden Joinery on Tuesday to 'sector perform' from 'outperform' to reflect limited implied upside.
Tue 30 Jul 2024 10:14
(Sharecast News) - Irn-Bru maker AG Barr backed its expectations for the full year on Tuesday as it said revenue for the first half was set to rise versus the same period a year earlier.
Tue 30 Jul 2024 09:31
(Sharecast News) - Canaccord Genuity has hiked its target price for Hochschild Mining by 16% on the back of last week's strong first-half production report and improving pricing outlook.
Tue 30 Jul 2024 09:14
(Sharecast News) - Advertising firm WPP said on Tuesday that it has appointed Philip Jansen - the former chief executive of BT Group - as its new chairman.
Tue 30 Jul 2024 09:14
(Sharecast News) - Bodycote reported a mixed first-half performance on Tuesday, amid a challenging market, as organic revenue grew by 1.5% excluding surcharges, while total revenue declined 5% to £399m due to lower surcharges and foreign exchange headwinds.
Tue 30 Jul 2024 09:10
(Sharecast News) - Precision instruments supplier Spectris said on Tuesday that operating profits had fallen in the six months ended 30 June amid a drop in both sales and operating margins.
Tue 30 Jul 2024 09:10
(Sharecast News) - Precision instruments supplier Spectris said on Tuesday that operating profits had fallen in the six months ended 30 June amid a drop in both sales and operating margins.
Tue 30 Jul 2024 09:08
(Sharecast News) - Essentra reported a return to growth in its second quarter on Tuesday, and maintained its full-year expectations.
Tue 30 Jul 2024 09:06
(Sharecast News) - Inchcape reported a resilient first-half financial performance on Tuesday, with revenue growing 8% at constant currency and 4% on a reported basis, to £4.7bn.
Tue 30 Jul 2024 08:52
(Sharecast News) - Games Workshop Group reported significant growth in both revenue and profit in its annual report on Tuesday, with core revenue rising to £494.7m, from £445.4m.
Tue 30 Jul 2024 08:45
(Sharecast News) - Components and systems manufacturer Senior announced a significant five-year contract with Rolls-Royce on Tuesday.
Tue 30 Jul 2024 08:41
(Sharecast News) - Events and business information company Ascential announced a solid set of first half results on Tuesday, surpassing market expectations.
Tue 30 Jul 2024 08:27
(Sharecast News) - Chemicals company Croda cut its full-year profit outlook on Tuesday as it pointed to a weaker-than-expected performance in life sciences, with continued destocking in crop protection and consumer health.
Tue 30 Jul 2024 08:10
(Sharecast News) - Paragon Bank confirmed full-year guidance as volumes margins and costs during the third quarter were in line with expectations.
Tue 30 Jul 2024 08:09
(Sharecast News) - Shares in Sage fell sharply on Tuesday after the enterprise software group reported a slight slowdown in top-line growth in its third quarter.
Tue 30 Jul 2024 08:06
(Sharecast News) - Wealth management firm St James's Place outlined new growth targets and cost-cutting measures on Tuesday, sending the shares higher on early trading.
Tue 30 Jul 2024 08:00
(Sharecast News) - Citi opened a 30-day "positive catalyst watch" on shares of Flutter Entertainment on Tuesday ahead of its results on 13 August.
Tue 30 Jul 2024 07:54
(Sharecast News) - Commodities miner and trader Glencore held annual production guidance and said it would reveal whether a planned demerger of its coal and carbon steel assets would go ahead at interim results next week.
Tue 30 Jul 2024 07:49
(Sharecast News) - Scottish mining-focused engineering group Weir reported a small rise in first-half adjusted profits and said that strong aftermarket demand has bolstered its project outlook, though full-year revenues will likely miss forecasts.
Tue 30 Jul 2024 07:42
(Sharecast News) - Bakery chain Greggs lifted its interim dividend on Tuesday as it reported a jump in profit and revenue as it benefited from an expanded food and drinks range.
Tue 30 Jul 2024 07:27
(Sharecast News) - The UK's financial watchdog said it was considering a compensation scheme for motor finance customers who complained about commission payments but was extending a deadline for companies to respond.
Tue 30 Jul 2024 07:20
(Sharecast News) - Australian Mining giant BHP rebounded from its failure to buy rival Anglo American and announced it would expand its copper interests in South America via a joint venture with Canada's Lundin Mining which in turn would offer $3.25bn to acquire Filo Corp.
Tue 30 Jul 2024 07:17
(Sharecast News) - Diageo reported a drop in full-year organic operating profit on Tuesday as it pointed to a weaker performance in Latin America and the Caribbean (LAC).
Tue 30 Jul 2024 07:17
(Sharecast News) - Woundcare and medical products and technology specialist ConvaTec announced a robust set of interim results on Tuesday, with broad-based organic revenue growth of 6.6%.
Tue 30 Jul 2024 07:10
(Sharecast News) - BP swung into the red on a reported basis in the second quarter as a result of $2.77bn of so-called "adjusting items", but that didn't stop the energy giant from beating market forecasts on an underlying basis and unveiling another $1.75bn share buyback programme.
Tue 30 Jul 2024 07:09
(Sharecast News) - Real estate agency Foxtons Group reported double-digit revenue and earnings growth for the six months ended 30 June as it continues to deliver on its turnaround plan.
Tue 30 Jul 2024 07:03
(Sharecast News) - Asia-focused bank Standard Chartered on Tuesday unveiled its biggest-ever share buyback and lifted guidance as interim earnings beat estimates.
Mon 29 Jul 2024 15:05
(Sharecast News) - Investors' focus on Tuesday would be on a raft of euro area economic data due out covering both activity and inflation during the month of July and the second quarter in the case of the latter.
Mon 29 Jul 2024 14:05
(Sharecast News) - The outspoken founder and chairman of JD Wetherspoon, Tim Martin, sold just over 1.36m shares in the pub chain at the end of last week, it emerged on Monday.
Mon 29 Jul 2024 14:05
(Sharecast News) - The outspoken founder and chairman of JD Wetherspoon, Tim Martin, sold just over 1.36m shares in the pub chain at the end of last week, it emerged on Monday.
Mon 29 Jul 2024 13:03
(Sharecast News) - Global insurance group Enstar said on Monday that it has agreed to be bought by investment firm Sixth Street in a $5.1bn deal.
Mon 29 Jul 2024 12:16
(Sharecast News) - Parcel delivery firm Evri announced plans to hire 9,000 new workers on Monday, in response to surging online shopping demand.
Mon 29 Jul 2024 12:02
(Sharecast News) - ME Group International said on Monday that it has signed a new partnership agreement with forecourt operator Motor Fuel Group, which will see it install and operate up to 300 Wash.ME Revolution laundry machines across MFG's UK sites over the next five years.
Mon 29 Jul 2024 11:23
(Sharecast News) - HgCapital Trust reported a strong first-half performance in its underlying portfolio in an update on Monday, with its estimated net asset value (NAV) per share reaching 524p, representing a total return of 5.6% on an NAV basis.
Mon 29 Jul 2024 11:02
(Sharecast News) - Czech billionaire Daniel Kretinsky held "constructive" talks with UK business secretary Jonathan Reynolds last Tuesday regarding his proposed takeover of Royal Mail parent company International Distribution Services.
Mon 29 Jul 2024 11:00
(Sharecast News) - Analysts at Berenberg hiked their target price on banking group Natwest from 350.0p to 415.0p on Monday following the group's "comprehensively strong" Q2 results last week.
Mon 29 Jul 2024 10:50
(Sharecast News) - Balanced Commercial Property Trust reported a net asset value total return of -0.8% for the quarter ended 30 June on Monday, reflecting continued economic pressures on the real estate sector.
Mon 29 Jul 2024 10:45
(Sharecast News) - Media group Future said on Monday that chief financial and strategy officer Penny Ladkin-Brand has stepped down from the board with effect from 28 July.
Mon 29 Jul 2024 09:46
(Sharecast News) - Jefferies has hiked its target price for power station operator Drax by 25% after a "confident" presentation from the firm in last week's interim results gave the market increased visibility over the future outlook.
Mon 29 Jul 2024 09:19
(Sharecast News) - Consumer goods giant Reckitt Benckiser tumbled on Monday amid concerns about potential litigation.
Mon 29 Jul 2024 08:53
(Sharecast News) - Wage inflation and easier comparatives with last year could lead to a pick-up in demand for UK retailers this autumn, according to RBC Capital Markets which has highlighted M&S and Currys as its top stock picks.
Mon 29 Jul 2024 08:40
(Sharecast News) - Heineken shares were in the red on Monday morning, after a disappointing first-half operating profit that fell short of analyst expectations.
Mon 29 Jul 2024 07:33
(Sharecast News) - GSK announced a significant development in its respiratory syncytial virus (RSV) vaccine portfolio on Monday, as well as a settlement to one of the Zantac cases.
Mon 29 Jul 2024 07:31
(Sharecast News) - Entain's BetMGM, the gambling company's sports betting and iGaming operator in the US, surpassed the $1bn mark for revenues in the first half, but still made a loss as a result of heavy investments during the period.
Mon 29 Jul 2024 07:15
(Sharecast News) - Workspace Group on Monday said it had sold a residential development in Woking, south of London, called 'The Planets' for £13m.
Mon 29 Jul 2024 07:10
(Sharecast News) - AstraZeneca has hailed positive high-level results from a clinical trial of its Calquence treatment for adults with chronic lymphocytic leukaemia (CLL).
Mon 29 Jul 2024 07:10
(Sharecast News) - Educational publisher and virtual learning company Pearson said it delivered a "solid" performance in the first half, with underlying sales and profits ahead of last year, as it reiterated its outlook for the next two years.
Mon 29 Jul 2024 07:10
(Sharecast News) - Educational publisher and virtual learning company Pearson said it delivered a "solid" performance in the first half, with underlying sales and profits ahead of last year, as it reiterated its outlook for the next two years.
Mon 29 Jul 2024 07:02
(Sharecast News) - UK food producer Cranswick held annual guidance after first quarter revenue rose 6.7% on the back of strong volume growth.
Fri 26 Jul 2024 16:14
(Sharecast News) - Man Group reported a jump in assets under management over the first half of the year and said the business was in "great shape" heading into the back half of 2024.
Fri 26 Jul 2024 15:46
(Sharecast News) - Apollo Global Management has agreed to buy International Game Technology's gaming and digital business - IGT Gaming - and gambling machines firm Everi Holdings in a $6.3bn cash deal.
Fri 26 Jul 2024 11:32
(Sharecast News) - American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
Fri 26 Jul 2024 11:31
(Sharecast News) - Law Debenture Corporation reported a robust first-half performance in both its investment and independent professional services (IPS) business on Friday.
Fri 26 Jul 2024 11:25
(Sharecast News) - GCP Infrastructure Investments said in an update on Friday that its unaudited net asset value per share was 107.58p as at 30 June, a slight decrease from 107.62p at the end of March.
Fri 26 Jul 2024 11:18
(Sharecast News) - Specialist currency and asset manager Record reported an increase in assets under management for its first quarter on Friday.
Fri 26 Jul 2024 11:13
(Sharecast News) - National Grid announced the sale of its final 20% equity interest in National Gas to its current majority owners on Friday, consisting of a consortium of long-term infrastructure investors led by Macquarie Asset Management.
Fri 26 Jul 2024 11:11
(Sharecast News) - Taylor Maritime Investments reported an unaudited net asset value of $1.52 per share as of 30 June in its quarterly update on Friday, up from $1.48 at the end of March, representing a total return of 4.3% for the quarter.
Fri 26 Jul 2024 11:03
(Sharecast News) - RBC Capital Markets downgraded Lloyds Banking Group on Friday to 'sector perform' from 'outperform' after the shares hit its 60p price target.
Fri 26 Jul 2024 10:23
(Sharecast News) - FirstGroup said in an update on Friday that its trading in the financial year-to-date remained in line with the expectations set out in its full-year results in June, as it also announced the retirement of chairman David Martin.
Fri 26 Jul 2024 09:48
(Sharecast News) - Analysts at Berenberg hiked their target price on consumer goods giant Unilever from £49.60 to £55.70 on Friday, stating that the group's recent H1 results highlighted a return to "high-quality earnings growth".
Fri 26 Jul 2024 09:41
(Sharecast News) - Computacenter said on Friday that it was expecting to report a drop in first-half profit due to the delay of the fulfilment of some orders in North America, as it announced a £200m share buyback programme.
Fri 26 Jul 2024 09:25
(Sharecast News) - Segro reported a strong financial performance and continued rental growth in its half-year results on Friday.
Fri 26 Jul 2024 09:23
(Sharecast News) - Investment company Petershill Partners said on Friday that aggregate partner-firm assets under management had grown in the six months ended 30 June.
Fri 26 Jul 2024 09:15
(Sharecast News) - AstraZeneca's 'Imfinzi', or durvalumab, was recognised by the FDA's oncologic drugs advisory committee (ODAC) on Friday for its efficacy in treating resectable non-small cell lung cancer (NSCLC), based on phase three trial results.
Fri 26 Jul 2024 09:13
(Sharecast News) - Electronic components manufacturer DiscovierIE said on Friday that Q1 trading was in line with guidance and that FY underlying earnings expectations remained unchanged.
Fri 26 Jul 2024 09:12
(Sharecast News) - Jupiter Fund Management reported a dip in assets under management for the first half of the year.
Fri 26 Jul 2024 09:03
(Sharecast News) - Online real estate portal operator Rightmove said on Friday that both revenue and operating profits had grown in the six months ended 30 June, driven by continued demand from agents and new home developers.
Fri 26 Jul 2024 08:37
(Sharecast News) - Metro Bank inked a deal to sell a portfolio of residential mortgages to NatWest Group.
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