Company News
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Uber on track for first profitable quarter
Monday 27 Jun 2022
(Sharecast News) - Uber said it was on track for its first profitable quarter after burning through billions of dollars for more than a decade. Read More
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Kingfisher lifts H2 guidance, divi as interims soar on DIY boom
Monday 27 Jun 2022
(Sharecast News) - Anglo-French DIY group Kingfisher lifted second-half sales guidance as it reported a surge in interim profits and announced a £300m share buyback as the home improvement boom contin... Read More
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Revolut to offer commission-free US stock trading
Monday 27 Jun 2022
(Sharecast News) - Revolut will offer commission-free stock trading to US customers for the first time to compete with Robinhood and Square in the fast-growing world of retail share dealing. Read More
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Ashtead says results to beat expectations after strong Q1
Monday 27 Jun 2022
(Sharecast News) - Ashtead said annual performance would beat its previous expectations as the equipment hire company reported a 53% increase in operating profit for the first quarter. Read More
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Hilton ups dividend after strong first half
Monday 27 Jun 2022
(Sharecast News) - Hilton Foods increased its interim dividend by 17% as the food packaging company reported a strong first half driven by its Australian operation. Read More
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UK competition watchdog to probe Sony's AWAL purchase
Monday 27 Jun 2022
(Sharecast News) - The UK's competition watchdog has launched a full inquiry into Sony's completed purchase of AWAL, an artists and label (A&L) service for independent musicians. Read More
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Euros help C&C return to profit ahead of plan
Monday 27 Jun 2022
(Sharecast News) - C&C said it returned to profit ahead of plan in the first half after Covid-19 restrictions were lifted and football fans drank during the Euros soccer tournament. Read More
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JD Sports profit soars on US strength and pent-up demand
Monday 27 Jun 2022
(Sharecast News) - JD Sports Fashion reported record first-half results boosted by pent-up demand after UK stores reopened from lockdown and acquisitions in the US. Read More
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Trainline sees return to profit as ticket sales move online
Monday 27 Jun 2022
(Sharecast News) - Trainline predicted a return to profit in the first half of the year as ticket sales recovered from the damage inflicted early in the pandemic. Read More
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FCA to scrap permissions faster in war on scams
Monday 27 Jun 2022
(Sharecast News) - The Financial Conduct Authority said it speed up the removal of unused permissions from financial firms as the regulator seeks to clamp down on scams. Read More
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EasyJet to raise £1.2bn after rejecting Wizz approach
Monday 27 Jun 2022
(Sharecast News) - EasyJet said it would raise £1.2bn in a rights issue to strengthen its balance sheet after rejecting a takeover approach reported to be from Wizz Air. Read More
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EU officials raise doubts about Nvidia's Arm deal - report
Monday 27 Jun 2022
(Sharecast News) - Nvidia's $54bn purchase of Arm faces fresh opposition from EU officials after the UK's competition regulator raised concerns about the deal, according to a report. Read More
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Primary Health buys Cardiff medical centre for £4.5m
Monday 27 Jun 2022
(Sharecast News) - Primary Health Properties has bought a medical centre in Cardiff for £4.5m to add to its portfolio. Read More
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Medica shares rise after company sets targets
Monday 27 Jun 2022
(Sharecast News) - Medica shares rose after the teleradiology group set out financial targets in a presentation to investors. Read More
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UK retail sales growth slows as demand subsides
Monday 27 Jun 2022
(Sharecast News) - UK retail sales growth slowed in August as demand unleashed after the end of lockdowns began to fizzle out, industry figures showed. Read More
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Germany probes Allianz over US fund losses - report
Monday 27 Jun 2022
(Sharecast News) - Germany's financial regulator is investigating Allianz over billions of dollars of losses at some of the group's US investment funds, according to a report. Read More
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888 wins William Hill bid battle - report
Monday 27 Jun 2022
(Sharecast News) - 888 Holdings has won the contest to buy William Hill's European operations by outgunning private equity rivals with a bid estimated at more than £2bn, according to a report. Read More
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Sweden's Sobi accepts $8bn private equity offer
Monday 27 Jun 2022
(Sharecast News) - Swedish Orphan Biovitrum (Sobi) has recommended a cash offer from Advent International and Aurora Investment valuing the rare disease drug company at SEK 69.4bn ($8bn) in the latest... Read More
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Tuesday preview: NATO summit, US home price data in focus
Monday 27 Jun 2022
(Sharecast News) - Investors' focus on Tuesday will be on the start of the NATO summit in Madrid and the associated news-flow coming out of the Spanish capital. Read More
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Centrica pulls out of Bulb auction - FT
Monday 27 Jun 2022
(Sharecast News) - British Gas owner Centrica has pulled out of the auction for failed energy provider Bulb, leaving the UK government struggling to achieve a competitive bidding process, the Financia... Read More
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