Market News

London close: Stocks flat ahead of Jackson Hole amid geopolitical nerves

21/08/2017 17:03

(ShareCast News) - London stocks ended on a mixed note at the start of the week as investors remained cautious amid geopolitical tensions.


Verditek subsidiary wins trial contract with Italian ad agency

21/08/2017 16:01

(ShareCast News) - Clean technology company Verditek announced on Monday that its 51% owned subsidiary Greenflex Energy - an Italian based manufacturing solar photovoltaic technology company - has won an initial trial contract with Media One - one of Italy's largest out of home advertising agencies ...


US open: Stocks flat ahead of Trump speech on Afghanistan

21/08/2017 15:39

(ShareCast News) - Wall Street was trading in mixed fashion ahead of a speech from the US president on Monday evening in which he was expected to outline his new strategy for the war in Afghanistan.


ITM Power welcomes launch of government hydrogen programme

21/08/2017 15:32

(ShareCast News) - Energy storage and clean fuel company ITM Power noted the launch of the UK Government's 'Hydrogen for Transport Programme' on Monday.


Forbidden Tech announces first JavaScript implementation of VidLib

21/08/2017 15:15

(ShareCast News) - Forbidden Technologies announced the first JavaScript implementation of its core cloud Video Library 'VidLib' on Monday, used as part of the Forscene platform.


Tribal Group wins £25m worth of contracts

21/08/2017 14:44

(ShareCast News) - International education software and services provider Tribal Group announced on Monday that it had won two contracts with a total value of £25.3m.


Creo gets FDA clearance for Speedboat RS2 device

21/08/2017 14:30

(ShareCast News) - Medical device company Creo Medical Group announced on Monday that it has received 510(k) clearance from the US Food and Drug Administration for its Speedboat RS2 device and the CROMA platform.


Goldman Sachs cuts revenue estimates for Paddy Power Betfair

21/08/2017 14:06

(ShareCast News) - Analysts at Goldman Sachs lowered their revenue forecasts for Paddy Power Betfair following the company's latest set of interims even as they touted the bookmaker's "strong" cash-generation ability.


Shire slumps as it announces departure of CFO Jeff Poulton

21/08/2017 14:03

(ShareCast News) - Shares in Shire fell on Monday as it said chief financial officer Jeff Poulton will leave the pharmaceuticals group at the end of the year to take up the same role at Boston-based start-up Indigo Ag.


Avanti agrees launch slot for HYLAS 4 satellite

21/08/2017 12:55

(ShareCast News) - Avanti Communications announced on Monday that it agreed a launch slot for its HYLAS 4 satellite with Arianespace, beginning 1 March 2018.


ECO Animal Health gets Egypt approval for Aivlosin

21/08/2017 12:53

(ShareCast News) - ECO Animal Health Group announced on Monday that it has received a marketing authorisation from the Drug Authority of the Ministry of Health of Egypt, for the use of Aivlosin 625 mg/g water soluble granules in chickens laying eggs for human consumption.


Europe midday: Stocks come off lows, Jackson Hole in focus

21/08/2017 12:49

(ShareCast News) - Stocks are holding in the red but have come off their lows of the session despite renewed aggressive rhetoric out of North Korea as the US and South Korean militaries kicked-off their annual 10-day joint exercises.


FTSE 100 movers: Persimmon gains ahead of results; Shire down on CFO departure

21/08/2017 12:48

(ShareCast News) - London's FTSE 100 was down 0.3% to 7,303.26 in afternoon trade on Monday.


Management Resources announces CEO to cease in role with immediate effect

21/08/2017 12:41

(ShareCast News) - The board of Management Resources announced on Monday that Joe Clayton will cease to be a director and the chief executive officer of the company and all of its subsidiaries associated with immediate effect.


PowerHouse completes first extended gasification trial

21/08/2017 12:37

(ShareCast News) - Ultra high temperature gasification waste-to-hydrogen and waste-to-energy company PowerHouse Energy Group announced on Monday that, following the re-commissioning operation of the G3-UHt gasification unit as announced at the end of July, it completed its first extended technical t...


Household finances still under pressure in August - Markit

21/08/2017 12:33

(ShareCast News) - UK households were a little less downbeat about their finances in August, according to the latest survey from IHS and Ipsos, although they continued to expect a deterioration over the next 12 months.


UK to seek 'most frictionless' possible trade agreement post-Brexit

21/08/2017 12:22

(ShareCast News) - The UK's negotiating team will seek an agreement with the EU which "allows the freest and most frictionless trade possible" between the sides post-Brexit.


HSBC cuts British Land as political concerns weigh on property stocks

21/08/2017 12:02

(ShareCast News) - British Land is likely to see its valuation under pressure for the foreseeable future, said HSBC on Monday, downgrading the property developer and cutting its target price.


Government to ban cold calling to protect pensioners from scams

21/08/2017 11:50

(ShareCast News) - The UK government has outlined its plans to combat pension scams in a consultation report on Monday as reports show that fraudsters had collected nearly £5m out of pensioners between January and May alone.


Great Wall Motor expresses interest in buying Jeep brand from Fiat Chrysler Automobiles

21/08/2017 11:38

(ShareCast News) - China's largest manufacturer of sport utility vehicles and pick-ups, Great Wall Motor, has expressed interest in bidding for Fiat Chrysler Automobiles, the world's seventh-largest automaker.


London midday: Stocks flat as risk-off mood prevails; Provident Financial slumps

21/08/2017 11:32

(ShareCast News) - London stocks had pared earlier small losses to trade flat by midday as investors remained cautious amid geopolitical tensions.


Asia report: Markets mixed amid US military exercises, Bannon quits

21/08/2017 11:21

(ShareCast News) - Markets in Asia finished mixed on Monday, as investors were faced with political and military movements in the US and the Korean peninsula.


SSE appoints Martin Pibworth as wholesale director

21/08/2017 11:15

(ShareCast News) - SSE has appointed Martin Pibworth as wholesale director and he will join the board on 1 September.


NHS facing rate hikes as private hospitals get £52m tax break

21/08/2017 11:12

(ShareCast News) - Private hospitals in the UK are using a tax perk to save £52m on their business rates while NHS services struggle with hikes, new research has shown.


Tuesday preview: Public deficit due, results from Persimmon, BHP, Cairn

21/08/2017 11:08

(ShareCast News) - The UK's public deficit gets its monthly update on Tuesday, along with the CBI's industrial trends survey and results from the likes of BHP Billiton, Cairn Energy, Persimmon and Wood Group.


Announcement of Jurassic World video game tie-in sends Frontier shares roaring ahead

21/08/2017 11:01

(ShareCast News) - Video game studio Frontier Developments announced its third major self-published video game, Jurassic World Evolution was slated for release in June 2018 and would be based on the popular Jurassic World universe.


One dead and another injured as bus crashes into bus shelters in France

21/08/2017 10:43

(ShareCast News) - A woman in her 40's was killed and another injured when a van crashed into two bus shelters in the French city of Marseille on Monday, according to French police.


Ofgem warns power network operators over poor performance

21/08/2017 10:39

(ShareCast News) - Energy regulator Ofgem told Britain's electricity distribution network operators on Monday that their revenue could be cut, following a review of how well they were dealing with new customers that request connections.


RBC upgrades Imperial Brands, says selloff is a buying opportunity

21/08/2017 10:33

(ShareCast News) - RBC Capital Markets upgraded Imperial Brands to 'outperform' from 'sector perform' on Monday, lifting the price target to 3,600p from 3,500p.


Mercia Technologies completes £2m follow-on investment in Oxford Genetics

21/08/2017 10:23

(ShareCast News) - AIM-listed Mercia Technologies has completed a £2m follow-on direct investment into synthetic biology company Oxford Genetics.


BT's EE to challenge Ofcom mobile spectrum auction rules

21/08/2017 10:18

(ShareCast News) - BT's mobile arm EE was said to be planning a legal challenge against telecoms regulator Ofcom on Monday, over its planned auction of new mobile spectrum.


US pre-open: Stocks seen a little lower as investors shun risk

21/08/2017 10:16

(ShareCast News) - US futures pointed to a slightly weaker open on Wall Street on Monday as geopolitical risks keep investors cautious.


Yellen likely to be replaced as Fed chair by Cohn, economists think

21/08/2017 10:08

(ShareCast News) - Janet Yellen is not expected to get a second term as Federal Reserve chair, with Donald Trump's chief economic adviser Gary Cohn seen as the favourite to take over as head of the US central bank.


Scisys signs strategic contract with German broadcaster

21/08/2017 10:03

(ShareCast News) - Scisys said on Monday that its subsidiary, Annova Systems, has signed a strategic €0.8m contract with the German public broadcaster ARD-aktuell for a cross-media planning portal for its national prime news programmes.


British business still underprepared for cyber-attacks

21/08/2017 09:51

(ShareCast News) - The preparedness of British businesses when it comes to the threat of cyber-attacks came under the spotlight on Monday, with a new government report suggesting two-thirds of bosses at the country's largest businesses are not even trained to deal with such a breach.


North Korea issues new threats after US confirms nearby military exercises

21/08/2017 09:42

(ShareCast News) - The US Department of Defence announced on Sunday that its annual joint military exercise with South Korea would begin on Monday and continue through until the end of August.


Empyrean Energy confirms four new gas zones at Dempsey 1-15

21/08/2017 09:41

(ShareCast News) - Empyrean Energy confirmed the existence of four gas zones in the shallower parts of its Dempsey 1-15 well in Sacramento, California which the company believes will provide enough cash-flow to at least cover the costs of the well, as they had hoped for.


Monday broker round-up

21/08/2017 09:15

(ShareCast News) - Hikma Pharmaceuticals: Jefferies upgrades to Hold with a target price of 1045p.


Sempra Energy to buy Oncor for $9.45n

21/08/2017 08:51

(ShareCast News) - Sempra Energy has agreed to buy Energy Future, the indirect owner of 80% of Texas utility Oncor, beating off Warren Buffett's Berkshire Hathaway.


Spectra Systems soars after confident trading update

21/08/2017 08:51

(ShareCast News) - Spectra Systems announced Monday it had seen strong trading in the year to date thanks to unexpectedly high sales of its phosphor products and a full year of stronger margins in its in-house manufacturing.


Luca Provolo appointed head of sales at Directa Plus

21/08/2017 08:34

(ShareCast News) - Graphene--based products producer and supplier Directa Plus announced the appointment of Luca Provolo as its head of sales on Monday, with effect from 4 September.


Chinese conglomerate HNA increases stake in Dufry

21/08/2017 08:25

(ShareCast News) - Despite new guidelines issued on Friday by the Chinese cabinet to regulate overseas investment in certain sectors, Hainan based conglomerate HNA Group announced it had completed the acquisition of a 16.2% stake in airport retailer Dufry AG on Monday.


House prices fall at sharpest rate this year - Rightmove

21/08/2017 08:12

(ShareCast News) - UK house prices fell in August by the largest month-on-month rate this year, but still improved compared to last year and there continued to be a wide variance between the health of the housing market in different parts of the country


Total to buy Maersk oil and gas division for $7.45bn

21/08/2017 08:10

(ShareCast News) - Danish shipping company Moller-Maersk has agreed to sell its oil and gas division, Maersk Oil, to Total for $7.45bn in a combined share and debt transaction.


London open: Stocks nudge lower as risk-off caution continues

21/08/2017 08:06

(ShareCast News) - London stocks were a touch weaker in early trade on Monday as investors remained cautious amid geopolitical tensions, although strength in the heavily-weighted mining sector helped to keep losses to a minimum.


Rambler Metals and Mining cuts full-year guidance for saleable metal

21/08/2017 08:05

(ShareCast News) - Rambler Metals reported softer revenues and profits over the latest three-month stretch when compared with a year ago, as development into the Lower Footwall Zone continued, although higher copper prices helped to staunch the flow of red ink.


Jefferies ups Hikma to 'hold' as it removes generic Advair from model

21/08/2017 08:05

(ShareCast News) - Hikma Pharmaceuticals got a boost on Monday as Jefferies upped its stance on the stock to 'hold' from 'underperform'.


Elecosoft finance director stands down

21/08/2017 08:02

(ShareCast News) - AIM-listed software as a service provider Elecosoft announced on Monday that group finance director David Pearson had left the company.


TBC Bank post big increase in 1H profits as economy speeds ahead

21/08/2017 07:54

(ShareCast News) - TBC Bank, the main holding company for Bank of Georgia, reported a sharp increase in profits as business surged on the back of buoyant economic growth.


Europe open: Stocks slip amid geopolitical tensions in Far East

21/08/2017 07:47

(ShareCast News) - Stocks have started the morning lower, with aggressive rhetoric out of North Korea ahead of joint US-South Korea military exercises weighing on sentiment amid a sparse economic calendar at the start of the week.


Shaftesbury to buy Berwick Street leasehold

21/08/2017 07:36

(ShareCast News) - FTSE 250 real estate investment trust Shaftesbury has entered into a contract with PMB Holdings to acquire a long-leasehold interest in 90-104 Berwick Street, London W1, at £38.5m.


St Modwen and Vinci complete Nine Elms sale

21/08/2017 07:33

(ShareCast News) - St Modwen Properties has completed the £470m sale of its interest in the 10-acre Nine Elms Square site in London to a subsidiary of Chinese giant Dalian Wanda, which has transferred ownership to an unnamed third party.


London pre-open: Stocks seen lower as geopolitical risks build

21/08/2017 07:27

(ShareCast News) - London stocks are set for a weaker open on Monday as geopolitical risks continue to dent risk appetite.


Wood Group awarded five-year contract by Philips 66

21/08/2017 07:19

(ShareCast News) - Wood Group has been awarded a five-year, multimillion dollar contract by Phillips 66 to provide supplemental maintenance services and support for small capital construction projects and turnarounds to the Sweeny Refinery, approximately 65 miles southwest of Houston, it announced o...


Rathbone Bros confirms merger talks with Smith & Williamson

21/08/2017 07:03

(ShareCast News) - Investment manager Rathbone Brothers confirmed on Monday that it was in exclusive merger talks with financial services provider and corporate adviser Smith & Williamson, as the wave of consolidation continues in the wealth management sector.


Monday newspaper round-up: Brexit, mobile auction, Thomas Cook, pay

21/08/2017 06:34

(ShareCast News) - Britain could be subject to rulings by the European Court of Justice for years after the UK leaves the European Union, it has emerged. This week the Government will publish its blueprint for how Britain will treat rulings by the European Court of Justice, the EU's highest court, i...


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. In the event of a client having a complaint about our services we will do our best to resolve that complaint promptly and to the client's satisfaction. However if we are unable to do so, the client may have the right to complain to the Financial Ombudsman Service. Further information can be found on the Financial Ombudsman Services's Website at www.financial-ombudsman.org.uk.