Market News

UK retail sales fall more than expected in March

19/04/2018 10:14

(ShareCast News) - Retail sales fell more than expected in March as consumers stayed away from shops amid snow and sub-zero temperatures swept in by the so-called Beast from the East.

Europe open: Oil and trade come into sharp focus, TTIP back on the table

19/04/2018 10:13

(ShareCast News) - Stocks have started the session slightly higher, with analysts' focus initially on oil and trade, with the former pushing further past the three-year highs notched up during the previous session.

Mothercare chairman Alan Parker steps down

19/04/2018 10:04

(ShareCast News) - Beleaguered mother and child retailer Mothercare announced the departure of chairman Alan Parker on Thursday, hot on the heels of the appointment of a new chief executive earlier this month.

Telecom Plus grows profits as customer numbers rise

19/04/2018 09:04

(ShareCast News) - Telecom Plus, which trades as the Utility Warehouse, said on Thursday that full-year adjusted pre-tax profits from continuing operations are expected to have risen, as customer numbers increased.

ValiRx soars on anti-cancer compound's successful study

19/04/2018 08:38

(ShareCast News) - Clinical stage biotechnology company ValiRx has seen positive results from recent studies into the effectiveness of its VAL101 compound's ability to induce cancer cells to kill themselves off.

GlaxoSmithKline and Innoviva publish positive new IMPACT data

19/04/2018 08:34

(ShareCast News) - GlaxoSmithKline, alongside Nasdaq-listed partner Innoviva, announced the publication of the landmark IMPACT study - one of the biggest ever conducted in patients with chronic obstructive pulmonary disease with a history of exacerbation - in the New England Journal of Medicine on T...

ReNeuron lands £1.5m grant to develop retinal disease treatment

19/04/2018 08:20

(ShareCast News) - Clinical stage stem cell business ReNeuron Group has won a £1.5m grant to advance development of its hRPC stem cell therapy candidate for blindness-causing degenerative diseases of the retina.

Melrose restates GKN potential as offer goes unconditional

19/04/2018 08:16

(ShareCast News) - Melrose Industries said an early review of GKN confirmed its potential for improvement as Melrose's £8bn offer for the engineering company became unconditional.

London open: Stocks edge up ahead of retail sales; but Debenhams dives

19/04/2018 07:57

(ShareCast News) - London stocks edged higher in early trade on Thursday as investors eyed the latest retail sales data, with Debenhams casting a small shadow after it posted a big drop in profit.

BHP lowers guidance for copper and iron ore production

19/04/2018 07:56

(ShareCast News) - BHP Billiton posted its operational review for the nine months ended 31 March on Thursday, confirming that its full-year production guidance remained unchanged for petroleum, metallurgical coal and energy coal.

SFO opens criminal investigation into Ultra Electronics' Algeria business

19/04/2018 07:53

(ShareCast News) - The UK's Serious Fraud Office has opened a criminal investigation into suspected corruption in the conduct of Ultra Electronics' business in Algeria.

Debenhams profits dwindle as snow and costs add to range of woes

19/04/2018 07:49

(ShareCast News) - Debenhams profits plunged 85% in the first half of its financial year as like-for-like sales slipped amid the "challenging UK market background" and heavy snow, while finance director jumped ship to join a department store rival.

Ashtead on track to meet full-year expectations

19/04/2018 07:46

(ShareCast News) - Equipment rental group Ashtead said its business was performing well and that it was on track to meet expectations for annual profit.

Essentra trading in line, finance director to leave later this year

19/04/2018 07:37

(ShareCast News) - Essentra, a FTSE 250 supplier of plastic and fibre products, said on Thursday that trading in the financial year-to-date has been in line with the board's expectations, as it announced the departure of its group finance director.

FDA gives AstraZeneca's Tagrisso the thumbs up for first-line treatment

19/04/2018 07:18

(ShareCast News) - AstraZeneca announced on Thursday that the US Food and Drug Administration has approved Tagrisso (osimertinib) for the first-line treatment of patients with metastatic non-small cell lung cancer, whose tumours have epidermal growth factor receptor mutations as detected by an FDA-a...

London pre-open: Stocks to edge higher ahead of retail sales data

19/04/2018 07:08

(ShareCast News) - London stocks were set to edge higher at the open on Thursday as investors eyed the latest retail sales data.

Sky nine-month revenue up 5%, core earnings 14% higher

19/04/2018 07:07

(ShareCast News) - Broadcaster Sky, which is currently the subject of a bidding war, posted a 5% jump in nine-month like-for-like revenues on Thursday as core earnings rose 14%, and the company said it remains on track for the full year.

Unilever quarterly sales slow as volumes grow but prices stodgy

19/04/2018 07:05

(ShareCast News) - Unilever sales growth slowed in the first quarter, but solid volume growth gave the consumer goods colossus confidence of hitting its full-year sales and margin targets in spite of flat prices.

Rentokil sales growth crawls up as pests put off by cold

19/04/2018 07:02

(ShareCast News) - Pest control group Rentokil Initial's underlying revenue growth slowed in the first quarter because of the impact of the hurricane in Puerto Rico and cold weather in the US that delayed the emergence of spring pests.

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