(ShareCast News) - Strategists at Bank of America-Merrill Lynch revised their year-end target for the S&P 500 higher, telling clients that the "great rotation out of bonds into stocks" had yet to materialise, predicting corporations would use their tax windfall on slashing debt and M&A, as well as o...
(ShareCast News) - American carrier Verizon reported earnings that fell just shy of Wall Street estimates for its fourth quarter but noted that recent reforms to US tax laws had resulted in a one-time reduction in net deferred income tax liabilities of around $16.8bn.
(ShareCast News) - Credit Suisse upped its target price on shares of Easyjet following the budget carrier's first quarter update, while RBC Capital Markets upgraded its rating on the belief that London will see a shift away from reliance on Heathrow airport in coming years.
(ShareCast News) - Wall Street is moving higher after Senators from both sides of the aisle agreed on a temporary deal to end the three-day government shutdown, with a surge in Netflix stock propelling the tech-heavy Nasdaq gauge to a record high.
(ShareCast News) - Analysts at Morgan Stanley reiterated their 'overweight' recommendation on Netflix following the video streaming giant's latest quarterly update, lifting their target price on the stock to $275 in the process.
(ShareCast News) - London-based independent developer Anglo African Oil and Gas (AAOG) has appointed a new chief executive officer as part of a major facelift to its boardroom ahead of the TLP-103 drilling campaign at its Tilapia oil field project in the Congo.
(ShareCast News) - Carrefour is investing €2.8bn in digital developments and has agreed to form an alliance with Tencent Holdings that could see the Chinese tech firm buy a stake in the French retailer.
(ShareCast News) - Shares in the AIM-listed construction software specialist Elecosoft were up more than 10% on Tuesday after the company said full year revenues and pre-tax profits would be "significantly higher" than a year earlier.
(ShareCast News) - WPP is facing flat revenue growth and margins in 2018, with a number of headwinds besides that led Credit Suisse to downgrade its rating on the stock to 'neutral' from 'outperform'.
(ShareCast News) - Stocks have started the session with a 'bang' on the back of overnight gains on Wall Street and a better-than-expected reading on German economic confidence that has served to send Dax racing to a fresh all-time high.
(ShareCast News) - US futures looked set for a slightly lower open on Tuesday following a record close the day before amid signs that the Senate was close to agreeing a temporary deal to end the three-day government shutdown.
(ShareCast News) - London stocks were still in the black by midday on Tuesday, but gains were minimal as relief over the Senate agreement to end the three-day US government shutdown was offset by weakness in the mining sector.
(ShareCast News) - AIM-listed agri-services group Origin Enterprises has bought Pillaert-Mekoson, a Belgian provider of standard and prescription fertilisers for an undisclosed sum on a debt dree and cash free basis.
(ShareCast News) - Western Australia-based mineral sands producer Base Resources has completed its acquisition of the Toliara Sands Project in Madagascar with an upfront payment of $75m made to World Titane Holdings' wholly owned Mauritian subsidies.
(ShareCast News) - The Bank of Japan continued to keep monetary policy steady today, after it voted 8 - 1 to keep its short-term interest rate unchanged at -0.1%, but noted that inflation expectations had remained steady, which initially saw the country's currency gain.
(ShareCast News) - Mediterranean upstream company Sound Energy has received final certification for the TE-5 well core at its Tendrara asset onshore Morocco, with the findings being "entirely consistent" with preliminary results returned on 20 December.
(ShareCast News) - Berenberg upgraded speciality chemicals group Croda International to 'buy' from 'hold' and lifted the price target to 50p from 41.50p as it pointed to organic growth and the scope for cash returns.
(ShareCast News) - Netflix bagged 8.33m new subscribers in a bumper quarter end to 2017 and expects to add 6.35m more in the first quarter of 2018, news that sent its market value above the $100bn mark overnight.
(ShareCast News) - National Grid issued a response to the energy regulator on Tuesday morning, after Ofgem published its 'minded-to' consultation on the delivery model for the Hinkley-Seabank project (HSB), in which it proposed the so-called 'Competition Proxy' model.
(ShareCast News) - Shares in haemodynamic management firm Deltex Medical Group fell as much as 12% during early trading on Tuesday morning after the group announced its intention to undertake a £1m equity placing.
(ShareCast News) - The White House has approved 30% tariffs as part of its new 'America First' trading policy in response to Chinese and South Korean manufacturers who are "damaging" domestic production.
(ShareCast News) - Oil and gas exploration and production business Genel Energy has reached an agreement with the Kurdistan Regional Government for a twelve-month extension to fulfil the conditions precedent within its gas lifting agreements in the region.
(ShareCast News) - Cairn Energy updated the market on its recent operations and trading performance for 2017 on Tuesday, saying it was "well-positioned" ahead of the release of its preliminary results for the calendar year, which are due on 13 March.
(ShareCast News) - London stocks edged higher in early trade on Tuesday, taking their cue from a record close on Wall Street after the Senate agreed a temporary deal that has ended the government shutdown.
(ShareCast News) - IG Group grew profits 29% to record levels in the first half of its financial year even while the online trading provider made changes to protect the business from regulatory changes and Brexit, including planning new offices in Germany and the US.
(ShareCast News) - Clothing retailer Superdry, formerly SuperGroup, said on Tuesday that chief financial officer Nick Wharton is planning to retire and will be succeeded by Ed Barker, the current director of group finance.
(ShareCast News) - Tlou Energy told investors on Tuesday that it had reached several key milestones in the development of its coal bed methane operations in Botswana, highlighting the "excellent data" seen from a seismic survey across the Lesedi and Mamba project areas.
(ShareCast News) - Marston's said on Tuesday that it took a hit from the snowy and icy weather in early December and between Christmas and New Year, although its pubs saw record sales on Christmas day.
(ShareCast News) - N Brown, the clothing retailer for plus-size and plus-age shoppers, had a sturdy third quarter, with a strong surge in its Simply brand and in the USA but relatively subdued compared to previous months.
(ShareCast News) - London stocks were set for a firmer open on Tuesday, taking their cue from a record close on Wall Street after the Senate agreed a temporary deal that has ended the government shutdown.
(ShareCast News) - The competition regulator dealt a blow to 21st Century Fox and its planned takeover of Sky on Tuesday, as the Competition and Markets Authority said it has provisionally found that Fox taking full control of Sky "is not in the public interest" due to media plurality concerns.
(ShareCast News) - Easyjet reported 14.4% higher sales and 1.6% lower costs for the first quarter of its financial year as it benefited from the bankruptcies of Monarch, Air Berlin and Alitalia and from Ryanair's flight cancellations.
(ShareCast News) - Big bookmakers are weighing up the possibility of legal action against the government after suggestions that ministers have decided to cut the maximum stakes on betting machines from £100 to £2. The reports spooked investors, who had been forecasting a cut in the maximum stake to ...
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