News Archive
Tuesday newspaper round-up: Amazon, wind power, Elon Musk
28th Oct 2025 07:21
(Sharecast News) - Amazon is preparing to lay off tens of thousands of corporate workers, reversing its pandemic hiring spree. The cuts come months after the retail giant's CEO warned white-collar employees their jobs could be taken by artificial intelligence. The Seattle-based technology firm is planning to cut as many as 30,000 corporate jobs beginning Tuesday, media outlets including Reuters and the Wall Street Journal reported, citing unnamed sources familiar with the matter, as it tries to cut costs and undo the vast recruitment drive it embarked on at the height of the coronavirus pandemic, which unleashed an extraordinary - but fleeting - surge in demand for online shopping. - Guardian
Read moreAmazon to axe up to 30,000 corporate roles in largest cuts to date
28th Oct 2025 07:19
(Sharecast News) - eRetail giant Amazon was reportedly preparing to cut as many as 30,000 corporate jobs this week in what would mark the largest round of layoffs in the company's history, according to multiple media reports.
Read moreLondon close: FTSE hits fresh high as HSBC leads banks higher
28th Oct 2025 07:16
(Sharecast News) - London stocks hit a fresh closing high on Tuesday, with banks in the black after well-received results from HSBC, as investors eyed the latest policy announcement from the US Federal Reserve and a raft of key US tech earnings later in the week.
Read moreNovartis posts earnings miss as Entresto patent loss weighs
28th Oct 2025 07:15
(Sharecast News) - Novartis shares were sliding on Tuesday morning, after it reported solid third-quarter revenue growth but missed earnings expectations as the loss of patent protection for its blockbuster heart drug Entresto weighed on margins.
Read moreGSK lung cancer treatment gets EU orphan drug status
28th Oct 2025 07:14
(Sharecast News) - GSK on Tuesday said its treatment for small-cell lung cancer (SCLC) had received orphan drug status from the European Medicines Agency.
Read moreAstraZeneca's Koselugo receives EU approval
28th Oct 2025 07:03
(Sharecast News) - Drugmaker AstraZeneca said on Tuesday that its Koselugo asset has been approved for usage in the European Union for the rare, progressive, genetic condition, plexiform neurofibromas, in adults with neurofibromatosis type 1.
Read moreHSBC Q3 profits fall as $1.1bn legal charge weighs
28th Oct 2025 07:00
(Sharecast News) - HSBC on Tuesday reported a fall in third-quarter profits as a $1.1bn legal charge weighed on the bottom line.
Read moreUS close: Indices hit new highs on China trade deal hopes
27th Oct 2025 23:20
(Sharecast News) - Wall Street stocks finished at new highs on Monday on hopes that the US and China are making progress on trade talks, laying the groundwork for a potential deal between Donald Trump and Xi Jinping later this week.
Read moreBAE Systems to recognise around £4.6bn from UK govt deal with Turkey
27th Oct 2025 17:13
(Sharecast News) - BAE Systems said on Monday that it expects to recognise around £4.6bn from a UK government agreement with Turkey for the purchase of 20 Typhoon aircraft and an associated weapons and integration package.
Read moreEurope close: Stocks manage gains amid geopolitical optimism
27th Oct 2025 14:47
(Sharecast News) - European stocks edged higher on Monday, with major indices setting fresh record highs as optimism over US-China trade talks and improved German business sentiment lifted investor confidence.
Read moreRosslyn Data Technologies narrows losses, improves cash flow
27th Oct 2025 14:44
(Sharecast News) - Rosslyn Data Technologies reported narrower losses and improved cash flow for the year ended 30 April on Monday, as the company's turnaround strategy and investment in artificial intelligence technology started to show results.
Read moreBroker tips: Reckitt Benckiser, Trustpilot
27th Oct 2025 14:41
(Sharecast News) - Berenberg has lifted its target price for consumer products group Reckitt Benckiser from 5,555p to 5,647p following the release of the company's third-quarter results last week, but kept a 'hold' rating on the stock.
Read moreFirst Development raises £1m to fast-track Selta exploration
27th Oct 2025 14:41
(Sharecast News) - First Development Resources said in an update on Monday that it has raised £1m through an oversubscribed placing to fast-track rare-earth element exploration at its Selta project in Australia and advance gold drilling programmes across its portfolio.
Read moreDirector dealings: Foxtons chairman raises stake
27th Oct 2025 14:29
(Sharecast News) - Foxtons revealed on Monday that chairman Nigel Rich had acquired 50,000 ordinary shares in the London-listed estate agency.
Read moreFTSE 100 movers: Miners, banks gain; Fesnillo loses its shine
27th Oct 2025 13:57
(Sharecast News) - London's FTSE 100 was down 0.1% at 9,635.19 in afternoon trade on Monday.
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