Market News

London close: Stocks finish flat amid geopolitical squabbles

17/08/2018 16:50

(Sharecast News) - London stocks managed to crawl back into the black on Friday as investors weighed up the latest developments in Sino-US relations and Washington's threat of more economic sanctions on Turkey.


Tests at SDX Energy's South Disouq well exceed expectations

17/08/2018 16:26

(Sharecast News) - Oil and gas company SDX Energy on Friday confirmed that a production test has successfully been completed at its SD-3X appraisal well at South Disouq, Egypt.


Week ahead: BHP and Persimmon results in focus

17/08/2018 16:00

(Sharecast News) - Next week offers a true August holiday break in terms of macroeconomic data and central bank machinations, while there are some key results worth watching out for, including BHP Billiton and Persimmon.


Deere & Co's third-quarter profits fall short of Wall Street estimates

17/08/2018 15:53

(Sharecast News) - Deere & Co's third-quarter profits fell short of Wall Street estimates on Friday, with the company's shares retreating by 3.3% after it reported higher raw material and freight costs.


Director dealings: Wife of Experian CFO lowers stake

17/08/2018 15:51

(Sharecast News) - Zoe Pitchford, the wife of Experian's chief financial officer Lloyd Pitchford, disposed of 10,000 ordinary shares in the FTSE 100-listed firm on Friday.


Fresh US sanctions loom large in Turkey's future as US pastor's appeal rejected

17/08/2018 15:40

(Sharecast News) - US pastor Andrew Brunson has seen his latest bid for freedom rejected by a Turkish appeals court, increasing the likelihood of a fresh wave of sanctions from the Trump administration.


US consumer sentiment dips to 11-month low in August

17/08/2018 15:31

(Sharecast News) - US consumer sentiment unexpectedly fell in August, to its lowest level since last September, according to a preliminary reading from the University of Michigan.


Index of leading economic indicators beats forecasts in July, Conference Board says

17/08/2018 15:19

(Sharecast News) - A well-known gauge of lead indicators for the US economy advanced more quickly than expected last month.


Musk vows to remain Tesla CEO despite 'excruciating' year

17/08/2018 15:11

(Sharecast News) - Tesla CEO Elon Musk has said he will remain as chairman and chief executive of Tesla despite admitting he suffered an excruciating year at the company that has affected his personal life and health.


HSBC trims Lloyds target price and upgrades RBS, but prefers Barclays

17/08/2018 14:41

(Sharecast News) - Analysts at HSBC sounded a more positive note on RBS and Barclays on Friday, but not Lloyds, following the 15-20% decline in their share prices over the past three months, on the back of concerns around geopolitics (and Brexit).


FTSE 250 movers: KAZ blasted by brokers as Hikma soldiers on

17/08/2018 14:23

(Sharecast News) - London's second-tier index was down by 0.41% at 20,377.68 on Friday.


Friday broker round-up

17/08/2018 14:22

(Sharecast News) - esure: Barclays upgrades to equal weight with a target price of 280p.


Baker Steel's NAV growth falls short of benchmark

17/08/2018 14:16

(Sharecast News) - Baker Steel Resources saw net asset values tick ahead just 0.5% over the first half of its trading year, falling short of the EPIX Global Mining Index's 1.1% advance.


FTSE 100 movers: Miners and housebuilders retreat

17/08/2018 13:59

(Sharecast News) - London's FTSE 100 was down 0.3% to 7,531.60 in afternoon trade on Friday as investors digested the latest twists and turns in Sino-US relations and a US threat to impose further sanctions on Turkey.


Broker tips: KAZ Minerals, RBS, Barclays, Lloyds, Glencore

17/08/2018 13:47

(Sharecast News) - KAZ Minerals was downgraded to 'neutral' by analysts at Credit Suisse on Friday, while UBS slashed its share price target.


BofA-ML retains bearish stance ahead of 10-year commemoration of Lehman Bros. crash

17/08/2018 12:36

(Sharecast News) - Investors are already positioned 'bearishly', but that potential positive for financial markets was likely to be swamped by the recent peaks in corporate profits and economic stimulus, strategists at Bank of America-Merrill Lynch cautioned.


BofA-ML retains bearish stance ahead of 10-year commemoration of Lehman Bros. crash

17/08/2018 12:36

(Sharecast News) - Investors are already positioned 'bearishly', but that potential positive for financial markets was likely to be swamped by the recent peaks in corporate profits and economic stimulus, strategists at Bank of America-Merrill Lynch cautioned.


Thalassa's Norwegian tax appeal succesful

17/08/2018 12:19

(Sharecast News) - Surverying services firm Thalassa was on Friday advised by the Norwegian tax authorities that its appeal in relation to the 2014 tax year has been successful.


US pre-open: Stocks to nudge down as Sino-US relations, Turkey remain in focus

17/08/2018 12:08

(Sharecast News) - US stocks looked set to nudge lower at the open on Friday as investors mulled over the latest developments between the US and China and threats of more sanctions on Turkey.


Asia report: Most markets rise on positive trade sentiment

17/08/2018 11:52

(Sharecast News) - Most markets in Asia finished in the green on Friday, taking their leads from a decent session on Wall Street overnight amid developments in the ongoing US-China trade dispute.


Google employees criticize Chinese search engine project

17/08/2018 11:46

(Sharecast News) - Over 1,000 Google employees have signed a letter to fight against the company's Chinese search engine project, arguing that it is unethical and that it goes against freedom of expression.


JTC acquires Dutch services group Van Doorn

17/08/2018 11:28

(Sharecast News) - JTC has acquired Amsterdam-based corporate and related fiduciary services group Van Doorn from International Capital for a maximum consideration of €21.5m.


Sector movers: Commodities lead the fall, investors rotating into defensives

17/08/2018 11:14

(Sharecast News) - London stocks could not hold onto early gains on Friday to slip into the red, as most major miners and oil giants rumbled lower.


London midday: Stocks slip into the red as US threatens more Turkey sanctions

17/08/2018 10:55

(Sharecast News) - London stocks had slipped into the red by midday on Friday as investors weighed up the latest developments in Sino-US relations and Washington's threat of more economic sanctions on Turkey.


Chinese bombers training to hit US targets, says Pentagon report

17/08/2018 10:48

(Sharecast News) - China's air force is "likely" training for bombing strikes against the US and its allies, according to a Pentagon report released on Thursday.


Sports Direct wrangles with House of Fraser suppliers

17/08/2018 10:41

(Sharecast News) - Sports Direct has cancelled all of House of Fraser's online orders after a dispute with its new department store arm's warehouse operator, while some fashion suppliers have removed stock as payment wrangles continue.


Apprentice numbers fall despite levy introduction last year

17/08/2018 10:36

(Sharecast News) - The number of people getting into apprenticeships fell this year despite the introduction of a levy in 2017 intended to improve Britain's skills base.


Eurozone inflation rises to 2.1% in July, as expected

17/08/2018 10:31

(Sharecast News) - Headline inflation in the eurozone rose to 2.1% year-over-year in July from 2.0% in June, according to the latest data from Eurostat.


Independent Oil and Gas gets funding ahead of Harvey spudding

17/08/2018 10:20

(Sharecast News) - Independent Oil and Gas announced the proposed funding of its 100% owned-and-operated Harvey appraisal well on Friday, as well as updates on its preparations for spudding the well in the fourth quarter.


7digital Group signs contract with Triller

17/08/2018 10:18

(Sharecast News) - AIM-listed digital music and radio services platform 7digital Group has signed a contract with AI-powered music video platform Triller to provide access to music and manage label reporting.


Victoria Oil & Gas confident of power supply resolution with ENEO

17/08/2018 10:15

(Sharecast News) - Cameroon-based gas and condensate producer and distributor Victoria Oil & Gas updated the market on its operations for the three months ended 30 June on Friday, reporting that its subsidiary Gaz du Cameroun remained confident of a resolution with ENEO Cameroon over the grid power ...


KAZ Minerals sinks as analysts fret about Baimskaya risks

17/08/2018 10:09

(Sharecast News) - KAZ Minerals was downgraded to 'neutral' by analysts at Credit Suisse on Friday, while UBS slashed its share price target.


Debenhams confirms further job cuts

17/08/2018 09:54

(Sharecast News) - Debenhams said it will cut up to 200 more jobs in the latest phase of the embattled department store's restructuring plan.


PV Crystalox Solar concludes settlement agreement with long-disputing customer

17/08/2018 09:47

(Sharecast News) - PV Crystalox Solar has concluded an agreement with a customer in settlement of all claims and obligations under the wafer supply contract and arbitration award as previously outlined on 8 November last year, it announced on Friday.


Interserve to build two new colleges for Durham University

17/08/2018 09:43

(Sharecast News) - Durham University has confirmed a £105m contract to build two new colleges to a consortium led by support services and construction group Interserve.


Alpha Real's NAV supported by balanced portfolio

17/08/2018 09:29

(Sharecast News) - Alpha Real Trust saw its net asset value tick up a little over 1% during the second quarter of its trading year, thanks in part to some positive foreign currency movements.


Biffa buys Weir Waste Services for £16.2m

17/08/2018 09:21

(Sharecast News) - Waste management company Biffa has bought Birmingham and West Midlands-based waste and recycling solutions group Weir Waste Services for £16.2m, in a deal that will be funded from its existing cash and debt facilities.


MediaZest losses widen on 'significant' project delays

17/08/2018 09:04

(Sharecast News) - Audio-visual company MediaZest saw losses widen in its last financial year as stronger margins were offset by a dip in revenues.


Regional REIT acquires £31.4m worth of British office space

17/08/2018 08:44

(Sharecast News) - Property investor Regional Real Estate Investment Trust exchanged contracts on a portfolio of new assets on Friday.


Help to Buy housing scheme mainly benefits high earners

17/08/2018 08:43

(Sharecast News) - Wealthier households have been the main beneficiaries of the government's Help to Buy subsidy scheme and purchasing homes, a new report has revealed.


Motif Bio to reveal Iclaprim data at Portuguese conference on drug development

17/08/2018 08:25

(Sharecast News) - Motif Bio will present data on its investigational antibiotic Iclaprim at an upcoming conference on drug development in Lisbon, Portugal.


Global Ports cuts losses as cruise ship demand surges

17/08/2018 08:17

(Sharecast News) - Global Ports Holding cut its losses in the first half of the year and expect to report a profit in 2019 as the cruise port operator reported a 14% increase in revenues to $56.6m, a 7.5% increase at constant currencies thanks to strong cruise sales.


London open: Stocks flat as US threatens more sanctions on Turkey

17/08/2018 08:10

(Sharecast News) - London stocks were steady in early trade on Friday as there was little domestic news flow to distract investors from focusing on the latest developments in Sino-US relations and Washington's threat of more economic sanctions on Turkey.


Airea flying as overseas flooring sales soar

17/08/2018 08:09

(Sharecast News) - Commercial flooring firm Airea saw its shares rocket on Friday after it reported an increase in first-half revenues after new product launches boosted the company's sales and orders.


Buy platinum metal rather than the miners, says ShoreCap

17/08/2018 08:08

(Sharecast News) - Prospects of industrial action in South Africa could make speculation in platinum worthwhile, suggested stockbroker Shore Capital on Friday.


Dukemount tumbles as progress 'not fast as hoped'

17/08/2018 08:07

(Sharecast News) - Real estate investor Dukemount Capital saw losses widen in its last financial year, however, the firm now considers itself to be working with "the right parties on the right properties".


Shearwater to buy cyber security solutions group Brookcourt for £30.3m

17/08/2018 07:54

(Sharecast News) - AIM-listed digital resilience group Shearwater said on Friday that it has agreed to buy cyber security solutions company Brookcourt Solutions for £30.3m, as it announced a placing of up to £30m and an open off of up to £1m to fund the deal and provide additional working capital.


TI Fluid Systems confirms date and amount for interim dividend

17/08/2018 07:41

(Sharecast News) - TI Fluid Systems confirmed details around its interim dividend on Friday, reporting that it would be paid on 28 September to shareholders on the register on 17 August.


London pre-open: Stocks seen muted as investors keep an eye on Turkey, US-China relations

17/08/2018 07:35

(Sharecast News) - London stocks looked set for a muted open on Friday, with traders likely to continue keeping an eye on trade relations between the US and China and any developments in Turkey.


RBS finance chief to leave at end of September

17/08/2018 07:27

(Sharecast News) - Royal Bank of Scotland confirmed that chief financial officer Ewen Stevenson will step down from the board on 30 September, after he resigned in May.


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