Market News

Le Pen's long odds attract new punters to French political betting

26/04/2017 17:57

(ShareCast News) - Gamblers have been piling in to bet on far-right candidate Marine Le Pen wrestling a surprise win over centrist candidate Emmanuel Macron next month, according to bookmakers.

White House prepares executive order withdrawing from NAFTA

26/04/2017 17:49

(ShareCast News) - The Trump administration is preparing an executive order to withdraw from the North American Free Trade Agreement.

FX round-up: Generally upbeat sterling dips on dollar ahead of Trump tax reforms unveiling

26/04/2017 17:36

(ShareCast News) - Sterling enjoyed a relatively rosy day on most key crosses, but fell against a resurgent US dollar ahead of US President Donald Trump outlining his proposed tax reforms later on Wednesday.

Aura Energy makes strong progress on Tiris study

26/04/2017 16:58

(ShareCast News) - Aura Energy advised on Wednesday that the various elements of the Tiris Definitive Feasibility Study were continuing to progress "strongly", with activity in all the principal areas of the study.

Obtala commits to a number of social goals in Tanzania

26/04/2017 16:54

(ShareCast News) - Africa-focussed agriculture and forestry company Obtala announced on Wednesday that it signed a letter of intent expressing the company's commitment to build sustainable and inclusive business in Tanzania through investment activities associated with the 'Grow Africa' partnerships...

Vela Tech subscribes for 1.1m more Rosslyn shares

26/04/2017 16:52

(ShareCast News) - Early-stage and pre-IPO focussed disruptive technology investment company Vela Technologies announced on Wednesday that it conditionally subscribed for 1,111,111 ordinary shares in Rosslyn Data Technologies, an existing investee company, at 4.5p per share for a consideration of £5...

London close: FTSE higher ahead of Trump's tax reform unveiling

26/04/2017 16:44

(ShareCast News) - Stocks in London ended Wednesday on a positive note ahead of US President Donald Trump's big unveiling of his much-anticipated tax reform proposals.

Deutsche Bank executive warns Brexit could endanger 4,000 jobs

26/04/2017 16:43

(ShareCast News) - One of Deutsche Bank's top executives has warned as many as 4,000 jobs at the lender could be at risk due to Britain's impending departure from the European Union.

Small cap news round-up

26/04/2017 15:56

(ShareCast News) - Glanbia is to sell a 60% stake in its Irish dairy business, to Glanbia Co-operative Society for €112m.

Commodities: Crude bounces off lows as EIA data shows fall in US inventories

26/04/2017 15:55

(ShareCast News) - Crude futures bounced off earlier lows on Wednesday afternoon as US Energy Information Administration (EIA) data showed a surprise fall in inventories last week.

WTI futures spike higher following DoE inventory data

26/04/2017 15:48

(ShareCast News) - US crude oil inventories fell sharply last week despite rising imports as product stockpiles continued to build.

Twitter shares jump as traffic continues to accelerate in Q1

26/04/2017 15:20

(ShareCast News) - Twitter continued to be mired in red ink during the first quarter despite continued and accelerating growth of activity on its site, amid revenue headwinds.

Sector movers: Cyclicals, oil service stocks top leaderboard

26/04/2017 15:18

(ShareCast News) - Cyclicals outperformed defensive issues again as equity strategists had been predicting in the wake of the French election results and in anticipation of the White House's tax cut plans.

ULS Technology's shares up after forecast rise in FY adjusted profit

26/04/2017 15:09

(ShareCast News) - Shares in ULS Technology rose almost 9% after it flagged full-year results ahead of market expectations, with adjusted pre-tax profit up about 15% to £4.4m.

Mariana Resources rockets on merger proposal with Sandstorm

26/04/2017 15:07

(ShareCast News) - Mariana Resources has agreed to merge with US based royalty company Sandstorm, which sees the AIM-listed explorer's shares valued at 109.71p and would see its shareholders own 19% of the enlarged group.

Oxford Instruments to sell division to Hitachi High-Technologies

26/04/2017 15:05

(ShareCast News) - High technology solutions, information and services provider Oxford Instruments announced on Wednesday that it had agreed to sell its Industrial Analysis business to Hitachi High-Technologies Corporation (HHT) for a consideration of £80m on a cash and debt free basis.

AIB fined over €2.0m ahead of stock market debut

26/04/2017 14:53

(ShareCast News) - Allied Irish Banks has been hit with a €2.225m fine by the Irish Central Bank with the state-owned bank's flotation on the London Stock Exchange just weeks away.

Thursday preview: Dovish ECB expected, WPP could turn cautious

26/04/2017 14:51

(ShareCast News) - The European Central Bank is forecast to leave its main policies unchanged in its meets this week, following a March meeting when the market made a rather hawkish interpretation of the outcome.

US open: Stocks little changed as investors eye Trump tax announcement

26/04/2017 14:47

(ShareCast News) - US stocks were little changed on Wednesday as investors awaited a speech on tax reform by President Donald Trump.

Crawshaw Group enters into supply chain deal with 2 Sisters Food Group

26/04/2017 14:27

(ShareCast News) - Shares in Crawshaw Group tumbled after the butcher announced it has entered into a supply chain partnership with 2 Sisters Food Group, one of Europe's largest meat and food producers.

Broker tips: Bellway, Savills, Merlin Entertainments, Sky, oil companies, Severn Trent

26/04/2017 14:19

(ShareCast News) - Peel Hunt upgraded Bellway to 'add' from 'hold' and went the other way on Savills as it took a look at UK housebuilders and estate agents.

Rosslyn Data Technologies' shares dive on Integritie UK Ltd acquisition

26/04/2017 14:19

(ShareCast News) - Shares in Rosslyn Data Technologies dived more than a quarter after it agree to conditionally acquire Integritie (UK) Ltd for total initial consideration of £2.588m, plus an earn-out and plans to raise up to £5m.

Mnuchin confirms plans to slash US corporate tax rate to 15%

26/04/2017 14:05

(ShareCast News) - The White House is planning the biggest reduction in taxes ever, the US Treasury Secretary confirmed on Wednesday.

GSK slips despite strong first quarter debut for Emma Walmsley

26/04/2017 14:03

(ShareCast News) - GlaxoSmithKline's new chief executive Emma Walmsley reported a strong first set of quarterly results, as the drug group grew sales better than forecast, improved profit margins and kept its dividend on track.

Rockhopper says 2017 drilling campagin on Abu Sennan Concession underway

26/04/2017 13:27

(ShareCast News) - Rockhopper Exploration's shares rose more than 3% after it confirmed that the 2017 drilling campaign on the Abu Sennan Concession in Egypt had got underway.

FTSE 250 movers: Aggreko gains ahead of update, Tullow gushes lower

26/04/2017 13:21

(ShareCast News) - London's FTSE 250 index was up 0.5% to 19,670.48 in afternoon trade.

FTSE 100 movers: Standard Chartered rallies on results, GKN drops

26/04/2017 13:21

(ShareCast News) - London's FTSE 100 was up 0.2% to 7,287.12 in afternoon trade as investors digested comments from US Treasury Secretary Steven Mnuchin, who confirmed that Donald Trump plans to cut corporate tax to 15% from 35%.

Merlin Entertainment hotels could lift share price to 800p - Morgan Stanley

26/04/2017 13:12

(ShareCast News) - The plan by Merlin Entertainments to add hotels to their theme parks is underappreciated by the market, said Morgan Stanley on Wednesday as it set a bullish share price target for the years ahead.

Petards order book strong, chairman tells investors

26/04/2017 13:08

(ShareCast News) - Investors in security and surveillance system software developer Petards were gathering in Guildford, Surrey on Wednesday morning for the company's annual general meeting, with chairman Raschid Abdullah confirming a previously-flagged significant order.

Fox Marble signs first Turkey supply deal

26/04/2017 13:03

(ShareCast News) - Kosovo and Balkans-focussed marble quarrying and finishing company Fox Marble announced on Wednesday that it entered into a minimum €0.4m sales agreement with Simsekler Mermer Company, one of Turkey's largest natural stone groups, to supply its IIIirico Selene and Sivec marble pro...

Walker Greenbank FY profit rises, divi bumped up

26/04/2017 13:00

(ShareCast News) - Luxury interior furnishings group Walker Greenbank posted a jump in full-year profit and upped its dividend on Wednesday.

Nighthawk's shares slip as Q1 2017 production slips

26/04/2017 12:53

(ShareCast News) - Shares in Nighthawk are down more than 2% as its gross and net production for the first three months of 2017 came in below that for the same period in 2016.

Drax Group completes $35m acquisition of Louisiana Pellets

26/04/2017 12:21

(ShareCast News) - Electrical power generation company Drax Group has completed the acquisition of Louisiana Pellets for $35.4m, following a court hearing to approve the result of an auction.

Devro says expectations for 2017 unchanged, trading in line

26/04/2017 12:11

(ShareCast News) - Shares in Devro rose more than 4% after it said its expectations for 2017 remain unchanged.

Cambian Group's directors flag potential for future growth

26/04/2017 11:47

(ShareCast News) - Cambian Group's shares rose almost 5% as investors liked a rise in full-year revenue, albeit accompanied with a wider pre-tax loss for the period, as directors flagged potential for future growth.

RBS, HSBC Saudi units studying possible merger

26/04/2017 11:41

(ShareCast News) - HSBC and RBS´s partially-owned Saudi units were exploring a potential merger which would result in the creation of the Kingdom's third-largest lender.

Santander shares slip despite beating first quarter forecasts

26/04/2017 11:34

(ShareCast News) - Spain's largest lender posted better-than-expected quarterly profits thanks to a strong performance in almost all regions - especially in Brazil, UK and Spain - and a drop in its non-performing loan ratio.

IGas Energy says positioned strongly after financial restructuring

26/04/2017 11:28

(ShareCast News) - Shares in IGas Energy are up almost 3% after the company said it is is positioned strongly for the future after successfully completing its financial restructuring.

Asia report: Markets higher amid strong earnings and Trump tax excitement

26/04/2017 11:26

(ShareCast News) - Markets in Asia were higher on Wednesday, taking their cue from Wall Street overnight as trader attention turned towards the looming tax reforms promised by US President Donald Trump, alongside a slew of strong earnings in the region.

HML Holdings in line with expectations as growth strategy continues

26/04/2017 11:21

(ShareCast News) - Property management, insurance and ancillary services provider HML Holdings announced an update on trading for the 12 months to 31 March on Wednesday, ahead of the expected release of its full year results in late June.

Ilika expands Stearex solid-state battery range

26/04/2017 11:17

(ShareCast News) - Materials innovation and solid-state battery technology company Ilika announced the launch of its 'Stereax P180' product on Wednesday, extending the operating temperature range of the Stereax family of solid-state batteries.

Target Healthcare confirms third dividend as it snaps up care homes

26/04/2017 11:10

(ShareCast News) - Real estate investment trust Target Healthcare announced on Wednesday that its unaudited EPRA net asset value per share as at 31 March was 101.5p, and the net asset value total return for the quarter was 1.3%.

Kefi Minerals, Ethiopia government finalise Tulu Kapi resettlement plan

26/04/2017 11:07

(ShareCast News) - Shares in Kefi Minerals are up almost 16% as it confirmed the company and the Ethiopia government had finalised the Tulu Kapi community resettlement plan.

Europe midday: Stocks flat as investors eye US tax announcement, ECB comments

26/04/2017 11:02

(ShareCast News) - European equities struggled to hold on to previous gains and were little changed by midday as investors looked to a potential tax reform announcement in the US later in the day and the European Central Bank's press conference on Thursday.

Kodal Minerals confirms high-grade lithium mineralisation at Mali mine

26/04/2017 11:00

(ShareCast News) - AIM-listed explorer Kodal Minerals' initial assay results have confirmed high-grade lithium mineralisation within the pegmatite intersections at its Bougouni project in Mali.

London midday: Stocks drift ahead of Trump's 'big announcement' on tax

26/04/2017 10:57

(ShareCast News) - London stocks were drifting sideways by midday as investors sifted through corporate news and held off from making any big bets either way ahead of US President Donald Trump's announcement on tax reform.

Banks to begin shift to European shores soon, Barclays CEO says

26/04/2017 10:56

(ShareCast News) - Barclays CEO Jes Staley has said many international banks will begin the process of moving operations away from Britain "reasonably" soon due to concerns about Brexit.

Results surge for Ukraine shopping centre owner Arricano

26/04/2017 10:53

(ShareCast News) - Ukraine-focussed shopping centre developer and operator Arricano Real Estate posted its final results on Wednesday, with recurring revenues increasing by 13.3% year-on-year to $23.1m.

Canaccord highlights potential in Rockhopper and Eland Oil&Gas

26/04/2017 10:43

(ShareCast News) - Analysts at Canaccord Genuity highlighted the favourable prospects for junior oil explorers Rockhopper and Eland Oil&Gas.

Peel Hunt upgrades Bellway, downgrades Savills

26/04/2017 10:36

(ShareCast News) - Peel Hunt upgraded Bellway to 'add' from 'hold' and went the other way on Savills as it took a look at UK housebuilders and estate agents.

Seadrill cancels $253m in financial gurantees to oil services company

26/04/2017 10:28

(ShareCast News) - As part of its restructuring plans, offshore drilling contractor Seadrill has agreed with Archer, an oil services company, and its lenders to cancel about $253m in financial guarantees provided by Seadrill in exchange for a cash payment of about $25m.

US pre-open: Stocks seen touch higher as focus turns to Trump's tax plans

26/04/2017 10:24

(ShareCast News) - US futures pointed to a marginally firmer open on Wall Street on Wednesday as investors awaited a speech on tax reform by President Donald Trump.

PCI-PAL wins contract with global automotive repair company

26/04/2017 10:12

(ShareCast News) - Shares in PCI-PAL surged on Wednesday after the contact centre solutions provider announced it had won a contract with an automotive repair company.

Green & Smart takes out loan as it progresses biogas projects

26/04/2017 10:07

(ShareCast News) - Malaysia-focussed palm oil mill effluent biogas renewable energy generator Green & Smart Holdings announced on Wednesday that it entered into a 12 month loan of approximately MYR 1.41m (£0.25m) with an unnamed UK-based lender at an interest rate of 1% per month.

Standard Chartered Q1 profit nearly doubles to $1bn

26/04/2017 10:04

(ShareCast News) - Emerging markets-focused bank Standard Chartered reported a near doubling of its first-quarter profits on Wednesday as revenue rose and loan impairment declined.

Tullow Oil boosts exploration activity amid low seismic costs

26/04/2017 10:03

(ShareCast News) - Ahead of its annual shareholder meeting, Tullow Oil said it was taking advantage of low-cost seismic acquisition and processing with a record level of activities in both Africa and South America.

Arrests made at Newcastle and West Ham during HMRC raids

26/04/2017 10:02

(ShareCast News) - Offices at English football clubs Newcastle United and West Ham United have been raided by Her Majesty's Revenue and Customs, with the northern club's managing director being arrested as part of the investigation according to reports.

BoJ preview: Policy changes unlikely, yen seen higher

26/04/2017 09:59

(ShareCast News) - The Bank of Japan was likely to refrain from announcing any changes to the settings for its main policy levers on Thursday at its next meeting given the risk that inflation would remain far from its target, analysts at Bank of America-Merrill Lynch said.

HSBC downgrades Severn Trent on asset resilience issues

26/04/2017 09:53

(ShareCast News) - Analysts at HSBC downgraded their recommendation on shares of Severn Trent in view of the regulator's new push for the sector to increase its 'resilience', which in the case of Coventry-based Severn meant roughly £230.0m of additional capital outlays.

Wednesday broker round-up

26/04/2017 09:10

(ShareCast News) - Sky: Jefferies upgrades to Buy with a target price of 1200p.

French consumer confidence steady heading into critical 'run-off' vote

26/04/2017 08:58

(ShareCast News) - French consumer confidence was steady in April amid a sharp fall in fears of becoming unemployed with more people believing now was a good time to carry out large purchases.

Metro Bank disappoints despite record deposit growth

26/04/2017 08:51

(ShareCast News) - Metro Bank welcomed record deposits and grew lending 11% in the first quarter but its key net interest margin slipped slightly.

Plus500 revenue drops but earnings rise; new chairman announced

26/04/2017 08:50

(ShareCast News) - Online trading platform provider Plus500 reported a 9% drop in revenue for the three months to the end of March, as it announced a change of chairman.

Nichols highlights challenging UK market

26/04/2017 08:48

(ShareCast News) - Soft drinks group Nichols cautioned on Wednesday that the UK soft drinks market will remain challenging this year, as it said full-year earnings are anticipated to be in line with market expectations.

LSE gets over blocked merger with strong start to 2017

26/04/2017 08:46

(ShareCast News) - London Stock Exchange Group has got over its merger-that-never-was with Deutsche Bank and made a strong start to the year, with sales growth across the group apart from capital markets was hit by lower trading levels than last year.

Jefferies says Sky is undervalued with or without £11.7bn Fox merger

26/04/2017 08:41

(ShareCast News) - Jefferies has upgraded Sky to 'buy' from 'hold' and hiked its price target to 1,200p from 1,050p as it believes the broadcaster is "materially" undervalued with or without the potential £11.7bn merger with Fox.

Redefine International remains steady in first half

26/04/2017 08:35

(ShareCast News) - Income-focussed real estate investment trust Redefine International posted its results for the six months to 28 February on Wednesday, with EPRA earnings of £23.8m, up marginally from the £23.1m reported at the same time a year ago.

Glanbia to sell 60% stake in Irish dairy business

26/04/2017 08:35

(ShareCast News) - Glanbia is to sell a 60% stake in its Irish dairy business, to Glanbia Co-operative Society for €112m.

Uber unveils plans for flying car network by 2020

26/04/2017 08:22

(ShareCast News) - Ride-hailing app Uber Technologies has revealed plans to open up a network of flying cars as early as 2020.

Jefferies downgrades Next to 'underperform'

26/04/2017 08:15

(ShareCast News) - Jefferies downgraded retailer Next to 'underperform' from 'hold', keeping the price target at 3,500p.

Europe open: Stocks slip as euro gains ahead of ECB meeting

26/04/2017 08:13

(ShareCast News) - European stocks started the morning drifting lower ahead of Thrusday's European Central Bank policy meeting, despite a record close overnight in the tech-heavy US Nasdaq index, amid decent corporate earnings and strong gains for Asian equities this morning.

London open: Stocks little changed as investors eye Trump announcement

26/04/2017 08:09

(ShareCast News) - London stocks were little changed in early trade on Wednesday as investors sifted through corporate news and awaited a big announcement on tax reform from US President Donald Trump.

Jupiter Fund Management inflows, AuM rise in first quarter

26/04/2017 08:02

(ShareCast News) - Asset manager Jupiter Fund Management reported a rise in first-quarter inflows and assets under management as its diversification strategy bore fruit.

BHP Billiton production cuts not as bad as feared

26/04/2017 07:55

(ShareCast News) - With three months to go before its year-end, BHP Billiton downgraded its full year guidance for copper and metallurgical coal, but iron ore production was not too badly affected by Cyclone Debbie in Australia.

Boohoo annual profit nearly doubles

26/04/2017 07:51

(ShareCast News) - Online fashion retailer said on Wednesday that profit in the year to 28 February nearly doubled as revenue surged following a "momentous" year.

Antofagasta copper production up 9.4%, reasserts FY guidance

26/04/2017 07:50

(ShareCast News) - Antofagasta reasserted its guidance for 2017 as it posted a 9.4% jump in first-quarter copper production.

CRH Q1 sales up 4% as European growth offsets flat US

26/04/2017 07:37

(ShareCast News) - Building materials group CRH said on Wednesday that it had had a "satisfactory" start to the year, with a 4% increase in first-quarter sales as European growth offset a flat US performance.

London pre-open: Stocks seen muted as attention turns to Trump

26/04/2017 07:37

(ShareCast News) - London stocks were set for a muted open on Wednesday as investors awaited an announcement on tax reform from US President Donald Trump.

Fresnillo first quarter gold production falls but silver increases

26/04/2017 07:32

(ShareCast News) - Fresnillo's gold production fell in the first quarter although silver increased and the miner said it remained on track to meet its full 2017 production guidance.

Wednesday newspaper round-up: McDonald's, Heathrow, Trump, RBS

26/04/2017 07:28

(ShareCast News) - The 26-year-old Duke of Westminster, who is believed to be the world's richest person under 30 with a £9bn fortune, has been hit by a steep drop in returns on his family's British property empire, which includes many of the most famous addresses in London's Mayfair and Belgravia. ...

Strong sales growth continues in Q1 at Croda

26/04/2017 07:12

(ShareCast News) - High-performance ingredients and technology speciality chemicals company Croda International updated the market on its trading during the first quarter to 31 March on Wednesday, reporting that the improving sales trend seen in the fourth quarter of 2016 hax continued.

GKN warns current growth may not be sustainable for full year

26/04/2017 07:07

(ShareCast News) - GKN had a good first quarter with organic sales growth, but the engineer warned that its growth rate may not be sustained for the full year due to tough comparisons with last year.

It is important to remember that the value of investments can go down as well as up and it is possible to get back less than you invested, especially in the early years. Past performance is no guarantee of future returns and interest rates and dividends are variable and cannot be guaranteed in the future. Any tax treatment mentioned is based on personal circumstances and current legislation which is subject to change.