Company News
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Lufthansa issues profits warning as Q2 earnings fall
Friday 12 Jul 2024
(Sharecast News) - Deutsche Lufthansa on Friday slashed annual earnings estimates for a second time and also issued a profit warning as it struggled with higher costs and lower business demand. Read More
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Unilever to cut third of office roles in Europe - report
Friday 12 Jul 2024
(Sharecast News) - Unilever is reportedly planning to cut a third of all office roles in Europe by the end of next year, as the company's new chief executive forges ahead with his plan to boost growth... Read More
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Months of AT&T call records exposed in data breach
Friday 12 Jul 2024
(Sharecast News) - American telecoms giant AT&T revealed on Friday that the call and text logs of its customers were hacked between May and October 2022, and said that at least one person has been arr... Read More
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Norwegian Air shares jump as airline swings to Q2 profit
Friday 12 Jul 2024
(Sharecast News) - Shares in Norwegian Air surged on Friday after the carrier swung to a profit in the second quarter on the back of strong passenger growth and an improved cost performance. Read More
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Rio Tinto eyeing up possible mega deal - report
Friday 12 Jul 2024
(Sharecast News) - Blue chip miner Rio Tinto is understood to be eyeing up a list of possible takeover targets, it was reported on Friday, including Canada's Teck Resources. Read More
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Cadence Minerals shares drop after fundraise
Friday 12 Jul 2024
(Sharecast News) - Cadence Minerals was the heaviest faller on the AIM on Friday following the news that it has raised £750,000 through a share placing to fund further activity at its Amapá iron ore p... Read More
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System1 Q1 revenues improve, driven by platform growth
Friday 12 Jul 2024
(Sharecast News) - Market research firm System1 said on Friday that revenues were markedly improved over the three months ended 30 June, driven by a surge in platform revenues throughout the quarter. Read More
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Molten Ventures successfully exits from three investments
Friday 12 Jul 2024
(Sharecast News) - Venture capital firm Molten Ventures announced successful exits from Graphcore, Perkbox and Endomag on Friday, highlighting returns above or in line with holding values. Read More
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Ericsson warns of 'challenging' conditions, but Q2 profits beat forecasts
Friday 12 Jul 2024
(Sharecast News) - Swedish telecoms giant Ericsson reported a decline in sales in its second quarter and warned that market conditions would remain "challenging" for the rest of the year, but still ma... Read More
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SoftBank snaps up UK chipmaker Graphcore
Friday 12 Jul 2024
(Sharecast News) - SoftBank Group has snapped up UK start-up Graphcore, it was confirmed on Friday, as the Japanese tech giant continues to expand into artificial intelligence. Read More
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Outflows mount at Ashmore on 'subdued' risk appetite
Friday 12 Jul 2024
(Sharecast News) - Assets under management at Ashmore Group fell in the last quarter, the specialist fund manager said on Friday, on the back of weaker investor sentiment. Read More
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China exports rise by 8.6% in June, but imports fall
Friday 12 Jul 2024
(Sharecast News) - Chinese exports rose by a greater-than-expected 8.6% in June year on year, while imports fell unexpectedly by 2.3%, according to official data published on Friday. Read More
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Supermarkets say card payment issues resolved
Thursday 11 Jul 2024
(Sharecast News) - Card payment disruptions at major UK retailers were reportedly resolved by Thursday afternoon, after customers at chains including Asda, Sainsbury's, and various petrol stations rep... Read More
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Friday preview: US producer prices, Ashmore Group in focus
Thursday 11 Jul 2024
(Sharecast News) - Inflation will continue to be in focus on either side of the Pond at the end of the week. Read More
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Bain Capital to buy Envestnet in $4.5bn deal
Thursday 11 Jul 2024
(Sharecast News) - Envestnet said on Thursday that it has agreed to be bought by Bain Capital in a $4.5bn deal. Read More
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Ideagen abandons pursuit of Crimson Tide, shares slide
Thursday 11 Jul 2024
(Sharecast News) - Crimson Tide tumbled on Thursday as it said that Ideagen had decided not to make an offer for the group. Read More
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UK water consumers slapped with 21% price hike by Ofwat
Thursday 11 Jul 2024
(Sharecast News) - Britain's long-suffering water customers will see bills rise by 21% over the next five years amid a continuing sewage pollution crisis, water regulator Ofwat said on Thursday, addin... Read More
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Faron gets positive FDA feedback on bexmarilimab study plans
Thursday 11 Jul 2024
(Sharecast News) - Faron Pharmaceuticals announced positive feedback from the FDA regarding the clinical development plan for its drug candidate bexmarilimab, aimed at treating myelodysplastic syndrom... Read More
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Cornish Metals starts second phase of South Crofty shaft refurbishment
Thursday 11 Jul 2024
(Sharecast News) - Minerals explorer and developer Cornish Metals announced the start of the second phase of shaft refurbishment at its wholly-owned and permitted South Crofty tin project in Cornwall ... Read More
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PepsiCo profits top expectations, revenue misses slightly
Thursday 11 Jul 2024
(Sharecast News) - PepsiCo has reported a significant increase in its second-quarter profits on Thursday, surpassing Wall Street expectations despite a continuous decline in consumer demand for its sn... Read More
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