Stock market news from ShareCast
Europe open: Shares lower on fading US stimulus hopes
Thu 24 September 2020 08:27
(Sharecast News) - European shares started Thursday's session in the red after a sharp fall on Wall Street overnight on fading US stimulus hopes as investors waited on new fiscal measures from the UK government.
London open: Stocks fall amid Covid worries; all eyes on Sunak
Thu 24 September 2020 08:02
(Sharecast News) - London stocks fell on Thursday amid ongoing concerns about rising Covid-19 infections and further restrictions, as investors awaited details of Chancellor Rishi Sunak's new measures to replace the furlough scheme.
London pre-open: Stocks to fall as Sunak set to reveal support package
Thu 24 September 2020 07:29
(Sharecast News) - London stocks were set to fall at the open on Thursday amid ongoing worries about rising Covid-19 infections, as investors await details on the measures Chancellor Rishi Sunak will implement to replace the furlough scheme.
Europe close: Stocks give back early gains weighed down by Covid concerns
Wed 23 September 2020 23:43
(Sharecast News) - A bounce in European stocks had largely petered out by the end of trading on Tuesday despite the stiff losses sustained over the preceding three sessions and hampered by a small tightening of Covid-19 restrictions in the UK and PMI read
London close: Stocks finish higher despite weak PMI
Wed 23 September 2020 16:30
(Sharecast News) - London stocks finished in the green on Wednesday, as investors brushed aside news that the UK's post-lockdown recovery was losing steam.
Thursday newspaper round-up: Ocado, City shutdown, insurers
Thu 24 September 2020 07:20
(Sharecast News) - Ocado could make up to 200 workers at its Hatfield call centre redundant as it shifts the roles to Sunderland in an apparent cost-cutting move at a time when the online grocer is recording record profits. One call centre worker involved
Wednesday newspaper round-up: Facebook, Tesla, Asda
Wed 23 September 2020 07:27
(Sharecast News) - The chancellor, Rishi Sunak, is weighing up plans to replace the furlough scheme with German-style wage subsidies as part of a wider emergency support package to help businesses through a second wave of Covid-19. Sources from business a
Indivior to axe jobs, restructure as it looks to cut costs
Thu 24 September 2020 08:35
(Sharecast News) - Opioid addiction treatment maker Indivior outlined plans on Thursday to reduce costs through job cuts and restructuring, as it looks to support long-term growth ambitions and protect its financial and operational flexibility in response
Renishaw seeks to quell shareholder unrest over pay
Thu 24 September 2020 08:20
(Sharecast News) - Renishaw has sought to head off shareholder unrest before its annual general meeting by increasing shareholding requirements and capping share bonuses for new executive directors.
Avon Rubber wins $93m US army helmet contract
Thu 24 September 2020 07:53
(Sharecast News) - Avon Rubber said it had won a new sole-source contract worth up to $93m (£73.2m) to develop and supply the US army with new helmets.
AA in talks with TowerBrook and Warburg Pincus on joint bid
Thu 24 September 2020 07:48
(Sharecast News) - The AA said it was in talks with TowerBrook Capital and Warburg Pincus International about a joint offer for the company after two other potential private equity bidders pulled out of the running to buy the car breakdown service.
Pets at Home FY profit seen ahead of expectations
Thu 24 September 2020 07:44
(Sharecast News) - Full-year underlying pre-tax profit at Pets at Home is set to be ahead of current market expectations of £73m as sales momentum returns across the business.
Director dealings: Superdry co-founder ups stake
Wed 23 September 2020 16:04
(Sharecast News) - Superdry revealed on Wednesday that executive director Julian Dunkerton had acquired 154,809 ordinary shares in the London-listed closing retailer.
Director dealings: Record chairman offloads shares
Tue 22 September 2020 16:11
(Sharecast News) - Record revealed on Tuesday that chairman Neil Record had disposed of 4.0m ordinary shares in the London-listed currency manager.
Sector movers: Tobacco and Big Oil pace gains but remain near multiyear lows
Tue 22 September 2020 17:16
(Sharecast News) - Tobacco stocks finished higher against the backdrop of a small bounce for London shares more generally, boosted by an upgrade out of analysts at RBC.
Sector movers: Oil equipment and lenders' shares weaken on concern around second Covid-19 wave
Mon 21 September 2020 20:22
(Sharecast News) - Cyclicals were all lower at the end of the week as investors recoiled at the prospect that Covid-19 lockdown measures across the Continent might be tightened amid the renewed increases in the number of novel coronavirus infections.
Origin Enterprises appoints new finance chief
Wed 23 September 2020 16:16
(Sharecast News) - Agricultural services producer Origin Enterprises announced the appointment of TJ Kelly as its new chief financial officer on Wednesday.
Oncimmune enters collaboration with Roche subsidiary
Wed 23 September 2020 16:05
(Sharecast News) - Immunodiagnostics group Oncimmune Holdings has signed a collaboration with Roche subsidiary Genentech, it announced on Wednesday, to characterise the autoantibody profiles of patients in clinical trials for rheumatological diseases, inc
Fulcrum upbeat on improving trading post-lockdown
Wed 23 September 2020 13:21
(Sharecast News) - Multi-utility infrastructure and services provider Fulcrum Utility Services updated the market on its trading on Wednesday, reporting that during the first quarter of the 2021 financial year, it saw an increase in activity month-on-mont
Bigblu subsidiary wins Lincolnshire broadband tender
Wed 23 September 2020 13:09
(Sharecast News) - Bigblu Broadband announced on Wednesday that its subsidiary Quickline Communications has won a competitive tender to provide fixed wireless access to premises across Lincolnshire that are unable to access fast and reliable internet conn
Uniphar acquires Diligent Health Solutions in $27m deal
Wed 23 September 2020 12:58
(Sharecast News) - Uniphar announced the acquisition of the US-based Diligent Health Solutions on Wednesday, in a deal worth up to $27m (£21.21m).
Superdry warns on covenants as loss widens
Mon 21 September 2020 07:57
(Sharecast News) - Superdry said Covid-19 had disrupted its revival plan and its bank covenants could come under pressure as the fashion brand reported a wider annual loss.
Ten Entertainment appoints Graham Blackwell as CEO
Tue 08 September 2020 09:16
(Sharecast News) - Bowling lanes operator Ten Entertainment named Graham Blackwell as interim chief executive officer on Tuesday, effective immediately.