News Archive
OPEC cuts oil demand forecast for 2026 as Middle East conflict continues
13th May 2026 13:49
(Sharecast News) - The Organization of the Petroleum Exporting Countries has cut its oil demand growth projection this year but raised its outlook for next year as it continues to assess the impact of a months-long near closure of the key Strait of Hormuz.
Read moreBharti Airtel to increase stake in Airtel Africa
13th May 2026 13:39
(Sharecast News) - Airtel Africa tumbled on Wednesday after majority shareholder Bharti Airtel said its board had approved the issuance of up to 146.7m shares to Indian Continent Investment (ICIL) in exchange for up to 16.3% of Airtel Africa shares.
Read moreDemand for oil poised to outstrip supply, warns IEA
13th May 2026 13:21
(Sharecast News) - War in the Middle East will see demand for oil outstrip supply this year, while prices to continue to spike, the International Energy Agency warned on Wednesday.
Read moreGuardian Metal identifies 'substantial' tailings footprint at Tempiute
13th May 2026 13:06
(Sharecast News) - Guardian Metal Resources said on Wednesday that it had identified a substantial historical tailings footprint at its Tempiute Tungsten Project in Nevada, adding a potential near-term tungsten recovery opportunity alongside its broader US supply chain strategy.
Read morePublic Policy Holding Company posts solid Q1 growth
13th May 2026 13:04
(Sharecast News) - Public Policy Holding Company reported a 27.5% rise in first-quarter revenue on Wednesday, driven by organic growth across all three of its segments and contributions from recent acquisitions.
Read moreUS PPI registers largest monthly increase since March 2022
13th May 2026 12:45
(Sharecast News) - US producer prices rose sharply in April, with last month's headline producer price index for final demand increasing 1.4% month‑on‑month, according to the Bureau of Labor Statistics, up from gains of 0.7% in March and 0.6% in February.
Read moreUS mortgage applications grow 1.7pc
13th May 2026 12:08
(Sharecast News) - Elsewhere on the macro front, mortgage applications increased by 1.7% in the week ended 8 May, according to the Mortgage Bankers Association of America, despite consistently high borrowing costs, with benchmark mortgage rates rising to their highest level in more than a month.
Read moreEurope midday: Shares trim gains as Starmer rival reportedly set to quit
13th May 2026 11:52
(Sharecast News) - European shares trimmed gains on Wednesday as investors eyed US President Donald Trump's visit to China and the UK's leadership saga dragged on as a main challenger to Prime Minister Keir Starmer was reportedly set to resign.
Read moreShares jump as Merck lifts full-year guidance
13th May 2026 11:30
(Sharecast News) - Shares in Merck sparked on Wednesday, after the German pharmaceuticals and technology giant boosted guidance on the back of a "solid" first quarter.
Read moreAmaroq trading as expected as it ramps up at Nalunaq
13th May 2026 11:14
(Sharecast News) - Amaroq reported a strong start to 2026 on Wednesday, with first-quarter production and financial performance in line with expectations as it continued to ramp up operations at its Nalunaq gold mine in Greenland.
Read moreUS pre-open: Futures mixed ahead of April PPI reading
13th May 2026 11:14
(Sharecast News) - Wall Street futures were pointing to a mixed open ahead of the bell on Wednesday as market participants patiently awaited yet another key inflation report.
Read moreThor Explorations drilling confirms expanding gold footprint at Douta
13th May 2026 11:00
(Sharecast News) - Thor Explorations said on Wednesday that initial results from its 2026 drilling programme had confirmed an expanding gold footprint at the Douta Project in Senegal, as it looked to extend the project's oxide phase following completion of a pre-feasibility study earlier this year.
Read moreZurich Insurance on track as premiums grow in first quarter
13th May 2026 10:54
(Sharecast News) - Zurich Insurance reported higher first-quarter premiums on Wednesday, led by growth in its property and casualty business, and said it remained on track to meet or exceed its 2027 targets despite geopolitical uncertainty.
Read moreAlibaba's underlying profit drops as tech investments offset top-line growth
13th May 2026 10:54
(Sharecast News) - Underlying profits at Alibaba plunged over 80% in its final quarter on the back of significant tech and ecommerce investments, though revenues at the Chinese tech titan headed higher due to strong demand in the cloud and AI sectors.
Read moreLondon midday: FTSE pares gains, gilt yields jump on reports of Streeting leadership challenge
13th May 2026 10:53
(Sharecast News) - London stocks had pared gains by midday on Wednesday as gilt yields jumped on reports that Wes Streeting is set to resign as Health Secretary and trigger a leadership challenge against Keir Starmer.
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