News Archive
Europe open: Shares fall as investor fears over AI spark tech sell-off
23rd Oct 2026 07:24
(Sharecast News) - European shares were lower at the open on Friday amid another sell-off in tech stocks as investor fears heightened over the reality of financial returns from artificial intelligence.
Read moreAsia report: Stocks rally off lows as investors snap up battered tech names
23rd Oct 2026 07:22
(Sharecast News) - Asian equities ended the week with a mixed performance, although most major markets recovered strongly from early selling pressure as investors stepped back into technology stocks following a volatile run for the sector.
Read moreFriday newspaper round-up: Elon Musk/Skydance, North Sea wealth fund, retiring entrepreneurs
23rd Oct 2026 07:20
(Sharecast News) - Elon Musk has reportedly invested approximately $1bn in Skydance, the new media empire led by David Ellison. The deal comes alongside fresh equity infusions from existing investors, including board member Laurene Powell Jobs, Steve Jobs's widow. Semafor first reported the news. The investment follows Paramount's recent $111bn merger with Warner Bros Discovery, a huge acquisition that brought the media companies together under the Skydance name. At the head of the new media empire is David Ellison, the son of billionaire Oracle co-founder and Donald Trump ally Larry Ellison. - Guardian
Read moreRio Tinto to invest $1.9bn in Queensland bauxite expansion
23rd Oct 2026 07:19
(Sharecast News) - Rio Tinto will invest $1.9bn in the Kangwinan bauxite project in Queensland, Australia, adding 20m tonnes of annual production capacity as it looks to maintain its position as a leading global bauxite producer and replace ageing facilities.
Read moreLondon close: FTSE falls amid worries about AI spending, surging oil prices
23rd Oct 2026 07:16
(Sharecast News) - London stocks fell on Friday amid surging oil prices and concerns about AI spending, as investors mulled a bigger-than-expected drop in UK retail sales and a plunge in consumer confidence.
Read moreBoohoo swings back to profit as turnaround accelerates, net debt nears zero
23rd Oct 2026 07:15
(Sharecast News) - Debenhams parent company Boohoo Group said on Friday that its turnaround continued to gather momentum in the first half, with a sharp swing back to profit and a further reduction in net debt.
Read moreUS open: Stocks mixed as AI spending fears hit tech, oil surge weighs on sentiment
22nd Oct 2026 23:18
(Sharecast News) - Major indices closed mostly lower on Thursday as renewed concerns over heavy AI spending weighed on sentiment and oil prices jumped amid rising geopolitical tensions.
Read moreEurope close: Banks, chip stocks pull markets lower
22nd Oct 2026 17:16
(Sharecast News) - European stocks fell sharply on Thursday as weakness in the banking and chip sectors provided a big drag on regional indices.
Read moreShares in Hermes slide as Q3 numbers underwhelm
22nd Oct 2026 15:32
(Sharecast News) - Shares in Birkin-maker Hermes International lost their sheen on Thursday, after challenging conditions in China weighed on quarterly sales growth.
Read moreDirector dealings: IQE director snaps up shares
22nd Oct 2026 14:42
(Sharecast News) - IQE revealed on Thursday that non-executive director Robert Dennehy had acquired 468,817 ordinary shares in the AIM-listed semiconductor wafers and materials solutions supplier.
Read moreQ3 sales beat forecasts at Nestle
22nd Oct 2026 14:41
(Sharecast News) - Sales at KitKat maker Nestle came in ahead of expectations on Thursday, as the Swiss food and drink giant's turnaround gathered pace.
Read moreBroker tips: RS Group, DFS Furniture, Fresnillo
22nd Oct 2026 14:40
(Sharecast News) - RS Group received an upgrade from 'hold' to 'buy' at Berenberg on Thursday, with the broker lifting its price target to 900p from 650p as it argued that lagged PMI strength was now turning the earnings cycle in the distributor's favour.
Read moreCanaccord Genuity lowers target price on Fresnillo
22nd Oct 2026 14:38
(Sharecast News) - Analysts at Canaccord Genuity cut their target price on Fresnillo from 2,900p to 2,700p and kept their 'hold' rating on the stock after third quarter production missed forecasts, leading the broker to trim its valuation multiples.
Read moreFTSE 250 movers: Inchcape tumbles; Renishaw gains on update
22nd Oct 2026 14:34
(Sharecast News) - London's FTSE 250 was down 0.6% at 24,289.07 in afternoon trade on Thursday.
Read moreFTSE 100 movers: LSEG surges on acquisition, guidance upgrade; miners slump
22nd Oct 2026 14:27
(Sharecast News) - London's FTSE 100 was flat at 10,751.42 in afternoon trade on Thursday.
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