Company News
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Adidas slashes earnings again after break-up with Kanye West
Wednesday 09 Nov 2022
(Sharecast News) - Adidas took the secateurs to its earnings guidance for the fourth time this year on Wednesday, after its recent divorce from Kanye West following a string of antisemitic claims by t... Read More
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Work-from-home still impacting Gym Group as revenues rise
Wednesday 09 Nov 2022
(Sharecast News) - Low-cost fitness centre operator The Gym Group said in an update on Wednesday that its membership had increased 16.7% from the end of 2021, reaching 838,000 at the end of October, a... Read More
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Facebook owner Meta to cut 13% of global workforce
Wednesday 09 Nov 2022
(Sharecast News) - Facebook and Instagram owner Meta said on Wednesday that it will slash around 13% of its global workforce as it looks to cut costs. Read More
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Vertu Motors in advanced talks to buy Helston Garages
Wednesday 09 Nov 2022
(Sharecast News) - Vertu Motors said on Wednesday that it is in advanced talks about the potential acquisition of Helston Garages, a privately-owned predominantly premium manufacturer automotive retai... Read More
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Shore Cap cuts rating on AJ Bell
Wednesday 09 Nov 2022
(Sharecast News) - Shore Capital has cut its rating for online stockbroker AJ Bell on valuation concerns. Read More
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Sales rise at Wetherspoons but October sees slowdown
Wednesday 09 Nov 2022
(Sharecast News) - Pub chain JD Wetherspoon posted a rise in sales on Wednesday as it continues to recover from pandemic restrictions, but said it had seen a slight slowdown in October. Read More
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FirstGroup reports sharp drop in 1H revenues as debt leaps higher
Wednesday 09 Nov 2022
(Sharecast News) - First Group posted a sharp drop in revenues and profitability for the half alongside a similarly deterioration in its debt metrics. Read More
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Smiths News reports better-than-expected FY results despite 'challenging times'
Wednesday 09 Nov 2022
(Sharecast News) - Smiths News said on Wednesday that full-year growth dipped, but said that newspaper and magazine sales were proving to be "resilient". Read More
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Profits tumble at Dignity as costs mount
Wednesday 09 Nov 2022
(Sharecast News) - Dignity reported a further slide in revenues and profits on Wednesday, as the funeral specialist was hit by fewer deaths and rising costs. Read More
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M&S warns of demand contraction as interim profits fall
Wednesday 09 Nov 2022
(Sharecast News) - UK food and clothing retailer Marks & Spencer on Wednesday said it expected a material contraction in demand over the next 18 months as it reported a fall in interim profit, but bac... Read More
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Smiths Group reports strong start to FY 2023
Wednesday 09 Nov 2022
(Sharecast News) - Smiths Group reported a strong start to the new financial year and sounded a confident note on its full-year outlook for sales. Read More
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Musk sells nearly $4bn of Tesla shares
Wednesday 09 Nov 2022
(Sharecast News) - Elon Musk has sold just under $4bn worth of Tesla stock after completing his $44bn takeover of social media platform Twitter. Read More
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FDA committee votes in favour of AstraZeneca asthma candidate
Wednesday 09 Nov 2022
(Sharecast News) - AstraZeneca announced on Wednesday that a US Food and Drug Administration (FDA) committee has voted in favour of an adult asthma treatment. Read More
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Aviva confident after turbulent third quarter
Wednesday 09 Nov 2022
(Sharecast News) - Aviva reported more positive momentum in its third quarter on Wednesday, with the value of new business in its UK and Ireland life division rising 46% to £466m. Read More
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Vodafone agrees Vantage Towers JV with GIP, KKR
Wednesday 09 Nov 2022
(Sharecast News) - Vodafone said on Wednesday that it has agreed a joint venture deal with infrastructure fund manager Global Infrastructure Partners (GIP) and private equity firm KKR to hold its 81.7... Read More
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Next to buy Made.com out of administration for £3.4m
Wednesday 09 Nov 2022
(Sharecast News) - Clothing and homeware retailer Next has agreed to buy Made.com out of administration for £3.4m. Read More
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Ithaca Energy prices IPO at 250p a share
Wednesday 09 Nov 2022
(Sharecast News) - North Sea oil and gas producer Ithaca Energy said on Wednesday that its initial public offering was being priced at 250p per share - the bottom end of the expected range. Read More
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China's factory gate prices fall
Wednesday 09 Nov 2022
(Sharecast News) - China's factory gate prices fell into negative territory in October, official data showed on Wednesday, while consumer inflation softened, as rolling lockdowns and weakening global ... Read More
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Flutter ups guidance for US revenues
Wednesday 09 Nov 2022
(Sharecast News) - Flutter Entertainment boosted its forecasts for annual US revenues on Wednesday after a strong third quarter. Read More
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ITV sales rise but sees fall in FY ad revenues
Wednesday 09 Nov 2022
(Sharecast News) - Commercial UK broadcaster ITV reported a rise in sales for the first nine months of the year, as its production arm offset a fall in television advertising revenue. Read More
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