Press round-up from ShareCast
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Friday newspaper round-up: Microsoft, mortgage rates, Boeing, Alphabet, Trump
Fri 26 April 2024 07:16
(Sharecast News) - Microsoft beat Wall Street estimates for its third-quarter revenue last night, driven by gains from artificial intelligence adoption across its cloud services and business software products. The company said its revenues had risen to $6
Thursday newspaper round-up: Matchesfashion, Burberry, Boeing
Thu 25 April 2024 06:44
(Sharecast News) - The UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon. The Competition and Markets Authority (CMA) announced that i
Wednesday newspaper round-up: UK banks, Tesla, KPMG
Wed 24 April 2024 06:48
(Sharecast News) - UK banks are leaving themselves open to "severe, unexpected losses", by failing to properly measure how exposed they are to the $8tn private equity industry, the Bank of England has warned. In a speech on Tuesday, Rebecca Jackson, a sen
Tuesday newspaper round-up: P&O Ferries, TikTok, CVC
Tue 23 April 2024 06:43
(Sharecast News) - P&O Ferries seafarers have been told they will benefit from new French legislation that could double their pay, in what appears to be a significant U-turn by the controversial ferry operator. The move comes more than two years after P&O
Monday newspaper round-up: Renewable energy, BlackRock, Frasers Group
Mon 22 April 2024 06:40
(Sharecast News) - A development company that sells off land no longer needed by Thames Water has paid out a £14m dividend despite warnings that it could become engulfed by the water group's financial woes. Accounts filed at Companies House show Kennet P
Sunday newspaper round-up: IDS, Ocado, Foxtons
Sun 21 April 2024 16:47
(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billion
Friday newspaper round-up: Thames Water, Netflix, consumer confidence
Fri 19 April 2024 06:39
(Sharecast News) - "Misleading" and "inconsistent" labels make it hard for shoppers to know where their food comes from, the consumer champion Which? has said, as it found supermarket chains were selling products with "meaningless" statements on their pac
Thursday newspaper round-up: Royal Mail, welfare bill, Boeing, Alstom, Federal Reserve
Thu 18 April 2024 07:08
(Sharecast News) - The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group's Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretin
Wednesday newspaper round-up: IMF, champagne, Boeing, Plus500, Trump Media
Wed 17 April 2024 07:10
(Sharecast News) - Rising energy prices and disruption to international shipping risk "stalling" declines in inflation in leading economies, the International Monetary Fund has warned, telling central banks that the "last mile" of their battle against pri
Tuesday newspaper round-up: Tesla, Trump trial, Boeing, Thames Water, Apple
Tue 16 April 2024 07:06
(Sharecast News) - Tesla is to cut more than 14,000 jobs as Elon Musk's groundbreaking electric car company feels the heat of a global price war with Chinese rivals at the same time as stalled demand for zero-emission vehicles. In an email to staff amid r