Market News

Sunday share tips: Serco, Premier Technical Services Group

24/06/2018 12:19

(Sharecast News) - In the Sunday Times' 'Inside the City' column, John Collingridge set his focus this week on outsourcing giant Serco, opening with Rupert Soames' appointment at chief executive four years ago and how that event gave the firm's shares a 10% single-day bump.

Sunday newspaper round-up: Brexit, IWG, Lloyds Bank, Sir Philip Green, Stobart, Nationwide

24/06/2018 11:18

(Sharecast News) - Britain's top business groups have united to make an unprecedented joint assault on the government's handling of Brexit, warning that companies are queuing up to move investment out of the country. - The Sunday Times

World Cup preview: England v Panama, Japan v Senegal, Poland v Colombia

22/06/2018 17:00

(Sharecast News) - England are back in action on Sunday, facing off against shock Central American qualifiers Panama who looked off the pace in their opening 3-0 loss to Belgium

London close: Footsie snaps back on gains for Big Oil

22/06/2018 16:57

(Sharecast News) - London stocks bounced back at the end of the week, recovering from the previous session's losses, after OPEC delivered an increase in output that came in on the low side of analysts' expectations.

John Laing Environmental pours more cash into Vulcan Renewables

22/06/2018 16:49

(Sharecast News) - Environmental infrastructure fund John Laing Environmental Assets Group announced a further investment in the Vulcan Renewables anaerobic digestion (AD) plant on Friday.

Sativa Investments shares ride wave of medicinal cannabis press

22/06/2018 16:43

(Sharecast News) - Sativa Investments, the UK's only medicinal cannabis investment vehicle, noted the recent rise in its share price on Friday, reporting that while it had made investments to date, it was unaware of any specific reason for the recent movement.

PureGym expands London estate with Soho Gyms acquisition

22/06/2018 16:20

(Sharecast News) - PureGym has completed the acquisition of Soho Gyms and its 10 fitness clubs, all of which it said were based in prime London locations, and were "highly complementary" to PureGym's existing estate.

Broker tips: Fevertree, FirstGroup, Burberry

22/06/2018 16:16

(Sharecast News) - Analysts at Jefferies see the US as the largest growth opportunity for 'posh mixers' maker Fevertree.

TomCo gets approval to begin field test at Holliday Block

22/06/2018 16:10

(Sharecast News) - Oil shale exploration and development company TomCo Energy updated the market on its Holliday Block and the forthcoming field test programme on the block of TurboShale's RF technology on Friday, reporting that the Utah Division of Oil, Gas and Mining (DOGM) has approved its notice...

House of Fraser CVA plans wins backing

22/06/2018 15:53

(Sharecast News) - Creditors of House of Fraser have backed the department store group's plan to avoid going into administration and will see 31 of its 59 stores close with the loss of up to 6,000 jobs.

FTSE 250 movers: Inmarsat rockets as Echostar takes stake; energy stocks rally

22/06/2018 15:35

(Sharecast News) - London's FTSE 250 was up 1.2% to 20,971.76 in afternoon trade on Friday.

OPEC agrees nominal 1.0m b/d increase in output

22/06/2018 15:24

(Sharecast News) - The Organisation of Petroleum Exporting Countries and Russia have agreed on a 1.0m barrel a day increase in their combined level of output following a last-minute compromise with those producers that were opposed to a deal.

Inmarsat rockets as potential suitor Echostar takes stake

22/06/2018 15:08

(Sharecast News) - Satellite operator Inmarsat surged as potential suitor, US rival Echostar, disclosed a stake in the company.

FTSE 100 movers: Miners and energy shares rally; defensives take a hit

22/06/2018 15:08

(Sharecast News) - London's FTSE 100 was up 1.4% to 7,662.86 in afternoon trade on Friday, with cyclicals pacing the advance.

FTSE 100 movers: Miners and energy shares rally; defensives take a hit

22/06/2018 15:08

(Sharecast News) - London's FTSE 100 was up 1.4% to 7,662.86 in afternoon trade on Friday, with cyclicals pacing the advance.

US open: Dow struggling to avoid longest losing streak in 40 years

22/06/2018 14:28

(Sharecast News) - Wall Street's main market gauges were trading on a mixed note on Friday, with investors doing their best to set aside their concerns about the trade spat between the US and China, but seemingly encountering some resistance from the White House.

Europe midday: Stocks push higher after strong PMIs, Greek debt deal

22/06/2018 12:25

(Sharecast News) - Stocks are continuing to push higher, buoyed by a much-better-than-expected reading on the euro area services sector, and following an agreement overnight to help improve the sustainability of Greece's mountain of sovereign debt.

Trump threatens escalation after EU introduces tariffs on US products

22/06/2018 12:08

(Sharecast News) - Donald Trump has threatened to increase trade barriers on European cars after the European Union introduced tariffs on £2.4bn worth of US goods.

Greek bonds rise after "historic" deal with creditors, but not by much

22/06/2018 12:07

(Sharecast News) - Athens has managed to clinch a deal with its creditors to ease the burden from the country massive debt pile, in what some observers are hailing as a "landmark" deal which it is hoped will pave the way for the country's long-term economic success.

React interim losses widen as margins fall

22/06/2018 11:47

(Sharecast News) - AIM-quoted industrial cleaning firm React has seen interim losses widen so far this year, leading it to shutter its asbestos removal business.

Sector movers: Oil up, autos down

22/06/2018 11:39

(Sharecast News) - Oil-related stocks led the charge late on Friday, while the auto sector was the big faller.

Aston Martin preparing discounted customer share offering for Autumn float

22/06/2018 11:33

(Sharecast News) - Luxury car-maker Aston Martin intends to hand millions of pounds to wealthy customers through a London listing expected to value the company at up to £5bn, according to reports on Friday.

Greatland Gold receives drilling approval from Western Australian mining body

22/06/2018 11:30

(Sharecast News) - AIM-quoted base metals exploration and development company Greatland Gold has received approval from the Western Australian Department of Mines, Industry Regulation and Safety to drill a nickel sulphide test hole at its Carnegie licence.

Friday broker round-up

22/06/2018 11:30

(Sharecast News) - Gulf Keystone: Canaccord upgrades to buy with a target price of 275p.

Fevertree has major US growth opportunity, says Jefferies

22/06/2018 11:08

(Sharecast News) - Analysts at Jefferies see the US as the largest growth opportunity for 'posh mixers' maker Fevertree.

US pre-open: Stocks to recover after recent losses; OPEC eyed

22/06/2018 11:03

(Sharecast News) - US futures pointed to an upbeat session on Wall Street on Friday as investors set aside their concerns about the trade spat between the US and China following eight sessions of losses, with the OPEC meeting in Vienna in focus.

London midday: Stocks push higher as cyclicals rally; Opec eyed

22/06/2018 10:53

(Sharecast News) - London stocks had extended gains by midday on Friday, recovering from the previous session's losses as investors continued to digest a more hawkish than expected policy announcement from the Bank of England and kept an eye on developments from the Opec meeting in Vienna.

Asia report: Markets mixed after tough week for trade tensions

22/06/2018 10:30

(Sharecast News) - Markets in Asia finished on a mixed note on Friday, as investor concerns about trade relations between China and the US continued to linger.

Thalassa profits decline following delayed WGP disposal

22/06/2018 10:29

(Sharecast News) - AIM-quoted submersible drone developer Thalassa saw net profits fall in its last trading year as its disposal of WGP took just 24 hours too long to complete.

Katoro Gold buys Tanzania nickel project through Kibo Nickel acquisition

22/06/2018 10:26

(Sharecast News) - Tanzania-focussed exploration and development company Katoro Gold has entered into a conditional agreement to acquire Kibo Nickel and its wholly-owned subsidiary, Eagle Exploration, from its majority shareholder Kibo Mining, it announced on Friday.

Nitrogen lift continues at 88 Energy's Project Icewine

22/06/2018 10:18

(Sharecast News) - Nitrogen lift was continuing at Project Icewine, 88 Energy said on Friday, as it updated the market on its projects located on the North Slope of Alaska.

Cambian Group pleased with year's progress so far

22/06/2018 10:11

(Sharecast News) - Specialist education and behavioural health services provider Cambian Group updated the market on its current trading on Friday, reporting that its focus this year had been to continue to improve the quality of its services whilst re-positioning services to higher severity, with c...

Jobs saved for now as Augean sells Colt assets

22/06/2018 10:08

(Sharecast News) - Specialist waste management business Augean announced the sale of its Colt fixed assets on Friday, following its announcement on 16 May that it had been decided to consult with staff to reduce costs through the potential closure of the Colt site and the disposal of unwanted assets...

CityFibre shares disappear as nascent broadband firm goes private

22/06/2018 10:04

(Sharecast News) - Shares in one of Britain's fastest-growing fibre broadband networks disappeared from the London Stock Exchange on Friday morning, as CityFibre officially went private.

Chaarat board excited by latest reports from Tulkubash drilling

22/06/2018 09:54

(Sharecast News) - Exploration and development company Chaarat Gold updated the market on its 2018 exploration drilling programme at its Tulkubash oxide gold project in the Kyrgyz Republic ion Friday, reporting that 3,750 metres had been drilled to date from the planned 30,000 metres.

FirstGroup rallies on Goldman 'buy' initiation

22/06/2018 09:51

(Sharecast News) - Transport operator FirstGroup got a boost on Friday as Goldman Sachs initiated coverage of the stock at 'buy' saying the market discounts the underlying value of the company's individual assets.

ANZ doubles size of share buyback

22/06/2018 09:47

(Sharecast News) - Australia and New Zealand Banking Group announced on Friday that it would increase its current on-market share buy-back, which started on 15 January, by a further AUD 1.5bn (£0.84bn) to a total of AUD 3bn.

Europe open: Stocks bounce on strong June PMIs

22/06/2018 09:46

(Sharecast News) - Stocks have started the morning moving higher, buoyed by a much-better-than-expected reading on the euro area services sector, alongside a bounce in oil prices, as traders wait on the results of the OPEC meeting which was already ongoing.

Alliance Pharma completes £60m Nizoral acquisition

22/06/2018 09:40

(Sharecast News) - AIM-quoted speciality pharmaceutical company Alliance Pharma completed its £60m acquisition of Nizoral, a medical, anti-dandruff shampoo brand, on Friday.

Recent account wins give Next Fifteen board added confidence

22/06/2018 09:39

(Sharecast News) - Digital communications company Next Fifteen Communications Group updated the market on its trading on Friday, reporting that it had made a "good start" to the new financial year with a continuation of trading patterns from the previous quarter.

Odey funds to be a big participant in Tri-Star Resources fundraising

22/06/2018 09:36

(Sharecast News) - Tri-Star proposed a conditional placing to raise £13m by the issue of ordinary shares at a price of 43p each on Friday, by way of an accelerated bookbuilding process.

Edenville rallies on World Bank funding win

22/06/2018 09:33

(Sharecast News) - Edenville Energy's shares climbed off their all-time low after the coal miner secured $455m of World Bank funding for its Zambia-Tanzania-Kenya power transition line.

MHRA keeps Santhera's Raxone available to patients with 'clear unmet need'

22/06/2018 09:30

(Sharecast News) - Santhera Pharmaceuticals announced on Friday that the UK's Medicines and Healthcare products Regulatory Agency (MHRA) has renewed the Early Access to Medicines Scheme (EAMS) scientific opinion for 'Raxone' (idebenone), for patients with Duchenne muscular dystrophy (DMD) in respira...

Imaginatik signs contract with European wine producer

22/06/2018 09:25

(Sharecast News) - AIM-listed Imaginatik, which offers end-to-end innovation management software and services for business, said on Friday that it has signed a contract with a European wine producer.

Prime People profits slip following Command acquisition

22/06/2018 09:15

(Sharecast News) - Recruitment firm Prime People revealed pre-tax profits dropped in its last financial year as a result of acquisition costs.

UBS ups target price on Burberry but 'waiting for more evidence'

22/06/2018 09:14

(Sharecast News) - UBS sees a "potential long term improvement story" at Burberry, upping its target price on the fashion company but keeping its 'neutral' rating until more evidence emerges to justify a premium share price.

Market buzz: Opec agrees 1.0m b/d increase, Bull-Bear signal 'moving closer to buy'

22/06/2018 09:06

(Sharecast News) - 1534: Trump threatens 20% tariffs on European cars entering US.

Winkworth to return £1.15m of surplus funds to shareholders

22/06/2018 09:03

(Sharecast News) - Real estate group Winkworth has announced plans to return around £1.15m of surplus funds to its shareholders.

Synairgen lung disease drug 'well tolerated' in phase II trial

22/06/2018 08:45

(Sharecast News) - Respiratory drug discovery and development company Synairgen on Friday released interim data from the phase II trial of its lead drug, SNG001, which showed that it is being "well tolerated".

Savannah Petroleum spuds third well in Niger campaign

22/06/2018 08:45

(Sharecast News) - West African focused independent oil and gas company Savannah Petroleum has spudded the third well in its current Niger drilling campaign.

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