Company News
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SoftBank smashes forecasts with big Q2 profit
Tuesday 12 Nov 2024
(Sharecast News) - Japanese investment giant SoftBank smashed forecasts with results for its second fiscal quarter, as big gains in its tech investments helped it swing to a massive $7.7bn net profit. Read More
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Elliott takes $5bn stake in Honeywell, urges split into two businesses
Tuesday 12 Nov 2024
(Sharecast News) - Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company. Read More
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Schrödinger surges on Novartis collaboration agreement
Tuesday 12 Nov 2024
(Sharecast News) - Schrödinger surged on Tuesday after it announced a $2.5bn research collaboration and license agreement with Novartis to advance multiple development candidates into the Swiss pharma... Read More
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Home Depot ups full-year outlook after Q3 beat
Tuesday 12 Nov 2024
(Sharecast News) - Home improvement retailer Home Depot reported a small increase in profits in the third quarter as lower margins were offset by higher sales, with results coming in ahead of market e... Read More
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Festive shopping drives UK grocery sales to yearly high
Tuesday 12 Nov 2024
(Sharecast News) - UK grocery sales hit their highest levels in October, according to data out on Tuesday from market research firm Kantar, as the number of shopping trips hit a four-year high. Read More
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DCC to focus on energy sector, shares surge
Tuesday 12 Nov 2024
(Sharecast News) - DCC surged on Tuesday as it announced plans to simplify its operations and focus on the energy sector, reported a rise interim profit and lifted its dividend. Read More
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Brookfield wins Tritax battle but will split portfolio with Segro
Tuesday 12 Nov 2024
(Sharecast News) - Canadian asset manager Brookfield has won the battle for warehouse owner Tritax EuroBox after Segro said it would not up its offer, but the rival bidders did strike a deal to split ... Read More
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German economic sentiment deteriorates in November - ZEW
Tuesday 12 Nov 2024
(Sharecast News) - German business sentiment deteriorated in November, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim. Read More
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Genel Energy lowers net debt position
Tuesday 12 Nov 2024
(Sharecast News) - Oil company Genel Energy said on Tuesday that it had significantly lowered its net debt position throughout the first nine months of the trading year. Read More
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Marks Electrical reports growth, but 'leaned too far' into lower-margin products
Tuesday 12 Nov 2024
(Sharecast News) - Marks Electrical Group reported a solid first-half performance on Tuesday, with revenue rising 9.3% to £58.8m, driven by 13% volume growth in major domestic appliances and a more-th... Read More
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Cake Box upbeat after strong first half
Tuesday 12 Nov 2024
(Sharecast News) - Cake Box reported a strong first-half performance on Tuesday, with revenue increasing 4.3% to £18.7m, supported by positive momentum in franchise store sales and expanding online de... Read More
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Raspberry Pi strikes strategic partnership with Italy's SECO
Tuesday 12 Nov 2024
(Sharecast News) - Single-board computer designer Raspberry Pi has inked a strategic partnership with Italian internet-of-things solutions business SECO ahead of the launch of its Compute Module 5 pro... Read More
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McBride on track to hit forecasts, but cautious about cost pressures
Tuesday 12 Nov 2024
(Sharecast News) - White-label and branded household products maker McBride said it expects to deliver its third straight year of revenue growth, having performed in line with market expectations in i... Read More
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Diversified Energy reports Q3 net loss of $1m
Tuesday 12 Nov 2024
(Sharecast News) - Gas and oil production company Diversified Energy reported a net loss of $1.0m for the three months ended 30 September amid a continued focus on debt repayments and additional undev... Read More
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Shell wins appeal against Dutch ruling to cut emissions
Tuesday 12 Nov 2024
(Sharecast News) - Oil producer Shell has won its appeal in a Dutch court against a 2021 ruling to slash its global carbon emissions. Read More
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Drax FY underlying profits set to top £1bn
Tuesday 12 Nov 2024
(Sharecast News) - Power generation business Drax said on Tuesday that full-year profits looked set to top £1.0bn on the back of a strong performance from its electricity and pellet business. Read More
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Bayer cuts earnings outlook, shares tumble
Tuesday 12 Nov 2024
(Sharecast News) - Bayer shares tumbled on Tuesday as it cut its full-year earnings guidance. Read More
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Franchise Brands shares drop on uncertain outlook
Tuesday 12 Nov 2024
(Sharecast News) - Shares in AIM-listed Franchise Brands dropped sharply on Tuesday after the franchisor said that full-year profits are likely to come in at the lower end of market forecasts. Read More
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Renewi reports 'tangible progress' in first half
Tuesday 12 Nov 2024
(Sharecast News) - Renewi reported a solid first-half performance on Tuesday, with revenue from continuing operations up 4% to €874.5m, driven by strong pricing in its commercial waste division ... Read More
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4Imprint confident after US election cycle 'distraction'
Tuesday 12 Nov 2024
(Sharecast News) - 4imprint Group reported a robust performance for the 10 months through October in an update on Tuesday, achieving revenue growth and maintaining profitability in a challenging North... Read More
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