Market News

LoopUp Group claims strong trading for 2017

23/01/2018 15:52

(ShareCast News) - Remote meetings company LoopUp Group issued a trading update on Tuesday for its financial year ended 31 December.

SCISYS set to 'comfortably' meet current expectations

23/01/2018 15:49

(ShareCast News) - Bespoke software systems provider SCISYS issued a trading update for the year to 31 December on Tuesday, prior to entering into its close period.

Eagle Eye flags solid revenue growth

23/01/2018 15:48

(ShareCast News) - Software-as-a-service technology company Eagle Eye issued a trading update on Tuesday, ahead of its unaudited interim results for the six months to 31 December.

BofA-ML raises year-end 2018 target for S&P 500

23/01/2018 15:29

(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...

Vodafone to buy CYTA Hellas for EUR118m

23/01/2018 15:22

(ShareCast News) - Vodafone Greece has agreed to acquire CYTA Hellas, a provider of fixed and mobile telecommunications services in Greece, for a total enterprise value of €118m.

Verizon earnings given boost by Trump tax credit

23/01/2018 15:09

(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.

Analysts positive on Easyjet after first-quarter results

23/01/2018 14:42

(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.

Oncimmune continues to make 'good progress' in first half

23/01/2018 14:40

(ShareCast News) - Early cancer detection company Oncimmune Holdings issued an update to the market on is business on Tuesday, ahead of the announcement of interim results expected on 13 February.

Assystem bid for SQS Software Quality goes unconditional

23/01/2018 14:38

(ShareCast News) - SQS Software Quality confirmed on Tuesday that the offer made for it by Assystem Services Deutschland has been declared unconditional in all respects.

US open: Nasdaq rides gains in Netflix to new high

23/01/2018 14:28

(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.

To Infinity and Beyond: Morgan Stanley raises Netflix target price

23/01/2018 14:27

(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.

Anglo African appoints new CEO as boardroom shake-up comes to an end

23/01/2018 14:27

(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.

FTSE 250 movers: Pets at Home surges but N Brown in the dog house

23/01/2018 14:21

(ShareCast News) - London's FTSE 250 was up 0.1% to 20,676.85 in afternoon trade on Tuesday, with Pets at Home shares in the lead.

FTSE 100 movers: EasyJet flies higher on update; miners retreat

23/01/2018 13:16

(ShareCast News) - London's FTSE 100 was up 0.1% to 7,723.01, with miners holding back gains as EasyJet flew higher after solid first-quarter numbers.

Wednesday preview: UK wages in focus, results for Sage, Wetherspoon's and WHSmith's

23/01/2018 12:52

(ShareCast News) - Investors in Sage, JD Wetherspoon and WH Smith will be looking forward to updates on Wednesday, while later all eyes will be on UK jobs market data.

AIM newcomer Boku sees growth across the board

23/01/2018 12:36

(ShareCast News) - Independent direct carrier billing company Boku issued an unaudited trading update for the year to 31 December on Tuesday - its first since admission to AIM in November.

Carrefour plans 2,400 job cuts as partners with China's Tencent

23/01/2018 12:15

(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.

Elecosoft shares soar on upbeat profits, revenue forecast

23/01/2018 12:09

(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.

Smith & Nephew expects lower tax rate from 2018 on US reforms

23/01/2018 12:08

(ShareCast News) - Medical technology group Smith & Nephew said on Tuesday that changes to the US tax system should reduce its corporate tax rate from 2018 by four to five percentage points.

WPP headwinds not seen relenting, Credit Suisse downgrades

23/01/2018 12:08

(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'.

CBI reveals upbeat manufacturing data

23/01/2018 11:40

(ShareCast News) - The UK's manufacturing sector performed strongly in the last quarter, according to the latest data from the CBI.

Europe open: German Dax hits fresh record high

23/01/2018 11:29

(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.

Alaskan earthquake triggers tsunami warning

23/01/2018 11:19

(ShareCast News) - A tsunami alert has been issued after an earthquake was recorded off the coast of Alaska.

US pre-open: Stocks seen touch lower after record close; earnings in focus

23/01/2018 11:05

(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.

London midday: Miners weigh as FTSE ekes out small gains

23/01/2018 11:01

(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.

Origin Enterprises buys Belgium-based Pillaert-Mekoson

23/01/2018 11:00

(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.

South Korea bans anonymous cryptocurrency trading

23/01/2018 10:57

(ShareCast News) - Bitcoin is trading well below the $11,000 mark after South Korea cracked down on trading in the crypto-currency via anonymous bank accounts.

Tuesday broker round-up

23/01/2018 10:51

(ShareCast News) - Croda International plc: Berenberg upgrades to buy with a target price of 5,000p.

Base Resources completes Toliara Sands acquisition

23/01/2018 10:41

(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.

Prudential to sell Vietnam consumer finance business for $151m

23/01/2018 10:40

(ShareCast News) - Prudential has agreed to sell its consumer finance business in Vietnam for $151m.

Bacardi buys Patron in $5bn deal

23/01/2018 10:33

(ShareCast News) - Bermuda-based drinks giant Bacardi is to take control of Patrón tequila in a deal valuing the Mexican spirit-maker at $5.1bn.

German investor sentiment improves in January - ZEW

23/01/2018 10:16

(ShareCast News) - German investor confidence improved more than expected in January, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.

Bank of Japan leaves monetary policy unchanged, tweaks outlook

23/01/2018 10:15

(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.

Asia report: Most markets surge as BoJ stands pat on policy

23/01/2018 10:08

(ShareCast News) - Most markets in Asia closed well into the green on Tuesday, following a solid finish on Wall Street overnight as US politicians reached a deal to end the government shutdown.

Sound Energy chairman steps down as Moroccan gas confirmed

23/01/2018 10:01

(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.

Berenberg ups Croda to 'buy', highlights scope for cash returns

23/01/2018 09:57

(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.

Metal Tiger partially sells down Kingsgate stake

23/01/2018 09:56

(ShareCast News) - Strategic natural resource opportunities investor Metal Tiger has sold 7,929,826 shares in Kingsgate Consolidated, it announced on Tuesday.

Netflix subscriber numbers surge to push market value above $100bn

23/01/2018 09:42

(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.

UK public finances benefit from EU credit in December

23/01/2018 09:41

(ShareCast News) - UK public borrowing in December was the lowest since 2000 thanks largely to one-off factors and is expected to deteriorate in 2018.

National Grid 'very disappointed' with Ofgem proposals for Hinkley-Seabank

23/01/2018 09:24

(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.

Deltex stumbles after fundraising announcement

23/01/2018 09:17

(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.

Lauda beats IAG in race to buy Niki from Air Berlin administrators

23/01/2018 08:51

(ShareCast News) - British Airways owner IAG has been beaten by former race car driver Niki Lauda to buy Niki, the Austrian airline he founded in 2003, administrators said on Tuesday.

US imposes 'America First' tariffs on washing machines and solar panels, analysts sanguine

23/01/2018 08:50

(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.

Plant Impact in collaboration with Belgium's VIB

23/01/2018 08:49

(ShareCast News) - Crop enhancement developer Plant Impact said it was joining forces with Belgian institute VIB to research a molecule that increases plant biomass.

Inchcape chairman Hanna to retire, to be succeeded by Nigel Stein

23/01/2018 08:49

(ShareCast News) - Automotive distributor and retailer Inchcape announced on Tuesday that chairman Ken Hanna will retire at the next AGM in May after nine years in the job.

Genel Energy signs extension with Kurdistan government

23/01/2018 08:38

(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.

Cairn 'well-positioned' after solid 2017

23/01/2018 08:25

(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.

London open: Stocks edge up after record US close; EasyJet flies higher

23/01/2018 08:16

(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.

Castleton Technology secures two contracts worth £1.2m

23/01/2018 08:15

(ShareCast News) - AIM-listed software and managed services provider Castleton Technology has secured two multi-year contracts worth a total of £1.2m.

IG Group profits surge as offices abroad planned to offset regulation

23/01/2018 08:14

(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.

Buy-to-let lending provides a lift for Paragon

23/01/2018 08:10

(ShareCast News) - The buy-to-let lending market provided a solid first quarter boost for mortgage and business finance specialist Paragon Banking Group despite changes in regulations.

Superdry CFO Wharton to retire, to be succeeded by Ed Barker

23/01/2018 08:06

(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.

Tlou Energy sees 'excellent data' from seismic survey

23/01/2018 08:03

(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.

Marston's to take hit from snowy weather but Christmas Day sees record sales

23/01/2018 07:49

(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.

N Brown's sturdy growth slightly shy of City forecasts

23/01/2018 07:40

(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.

SSP delivers tasty rise in Q1 like-for-like sales

23/01/2018 07:37

(ShareCast News) - Branded travel catering group SSP on Tuesday said first quarter total revenue rose 13.5% on a constant currency basis, with like-for-like sales growth of 2.7%.

Pets at Home third-quarter revenue rises, final guidance unchanged

23/01/2018 07:36

(ShareCast News) - Pets at Home reported a rise in third-quarter sales on Tuesday as it said final guidance was unchanged.

London pre-open: Stocks seen higher as US government shutdown ends

23/01/2018 07:35

(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.

Regulator deals plurality blow to Fox bid for Sky

23/01/2018 07:14

(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.

Easyjet's sweet schadenfreude as Ryanair stumbles, others collapse

23/01/2018 07:09

(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.

Tuesday newspaper round-up: Bookies, cyber-attacks, builders' warning, Barclays

23/01/2018 07:09

(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 ...

Computacenter plans £100m share buyback

23/01/2018 07:04

(ShareCast News) - Computacenter said it plans to return up to £100m to shareholders through a tender offer.

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