Sainsbury's to axe 2,000 jobs as part of cost cutting plan
Wed 18 October 2017 10:12
(ShareCast News) - British grocery giant Sainsbury's was gearing up to cut 2,000 jobs across its UK stores and back offices, hoping to save more than £500m in the process, as the firm's price war with discounters such as Aldi and Lidl rumbles on.
Foxtons revenue drops in 'challenging' London market
Wed 18 October 2017 09:38
(ShareCast News) - Estate agency Foxtons reported a drop in third-quarter revenue on Wednesday amid challenging conditions in the London property market.
Flybe nosedives after profit warning
Wed 18 October 2017 09:26
(ShareCast News) - Shares in Flybe tanked on Wednesday after the budget airline warned that full-year profit would take a hit from higher-than-expected aircraft maintenance costs in the first half.
DS Smith to buy Romanian packaging and paper group for EUR208m
Wed 18 October 2017 09:01
(ShareCast News) - DS Smith has agreed to buy Romanian integrated packaging and paper group EcoPack and EcoPaper for an enterprise value of around €208m in a deal that is expected to be immediately enhancing to earnings.
McDonald's South Korean offices raided
Wed 18 October 2017 08:53
(ShareCast News) - South Korean prosecutors raided McDonald's Seoul office, as well as those of three partner companies, on Wednesday as part of a probe into allegations that the US fast food giant had been undercooking its meat, causing many customers se
BHP Billiton copper output drops but FY guidance unchanged
Wed 18 October 2017 08:48
(ShareCast News) - BHP Billiton posted a decline in iron ore production in the three months to the end of September, but said it remains on track to meet production targets for the year.
Softcat throws up hard cash amid growing demand for cyber security
Wed 18 October 2017 08:40
(ShareCast News) - IT products and service provider Softcat proposed a bumper dividend after generating double-digit annual growth in sales and profits, but said it has not yet found a replacement for departing CEO Martin Hellawell.
IP Group takeover of Touchstone goes unconditional
Wed 18 October 2017 08:37
(ShareCast News) - IP Group updated the market again on its takeover offer for Touchstone Innovations on Wednesday, confirming that as at 1300 BST on Tuesday, it had received valid acceptances of its offer in respect of 155,859,312 Touchstone shares, repr
Nostrum flags delay to GTU3 completion
Wed 18 October 2017 08:29
(ShareCast News) - Independent oil and gas company Nostrum Oil & Gas updated the market on the progress of GTU3 on Wednesday, reporting that due to the delayed delivery of some specially designed valves required for the tie-in of GTU3 with GTU1 and GTU2,
Rathbone Brothers funds under management rise in third quarter
Wed 18 October 2017 07:55
(ShareCast News) - FTSE 250 wealth manager Rathbone Brothers reported a jump in assets in the third quarter on Wednesday as inflows grew.