News Archive
BP announces Gulf of Mexico oil discovery
14th Apr 2025 09:09
(Sharecast News) - BP announced a new oil discovery at its Far South prospect in the deepwater Gulf of Mexico on Monday, marking a potential boost to its upstream portfolio as the company accelerates exploration efforts under its revised strategic plan.
Read moreAshmore sees $4bn of outflows in first quarter
14th Apr 2025 09:05
(Sharecast News) - Shares in Ashmore dropped sharply on Monday after the emerging markets-focused asset manager reported a 5% drop in assets under management (AUM) over the first quarter of 2025.
Read moreUK retailers see 'green shoots' as sales grow in March
14th Apr 2025 09:00
(Sharecast News) - UK shop sales were higher in March compared with last year, according to data out on Tuesday from the British Retail Consortium, which pointed to "green shoots" for retailers despite a tough trading environment.
Read moreBNP Paribas lowers ROIC guidance
14th Apr 2025 08:04
(Sharecast News) - French banking giant BNP Paribas has lowered its FY return on invested capital guidance following its €5.1bn acquisition of AXA's asset management unit.
Read moreEurope open: Stocks jump on China tariff reprieve
14th Apr 2025 07:48
(Sharecast News) - European stocks pushed firmly higher on Monday after the Trump administration said certain products from China would be exempt from tariffs for now - though uncertainty was still high regarding how the trade war will play out in the coming weeks.
Read moreLondon open:
14th Apr 2025 07:47
(Sharecast News) - London stocks rose sharply in early trade on Monday, taking their cue from gains in Asia as investors mulled the latest twists and turns in Trump's tariff saga.
Read moreWood Group minded to recommend latest takeover proposal from Sidara
14th Apr 2025 07:42
(Sharecast News) - Wood Group said on Monday that Dubai's Sidara has made a non-binding conditional takeover proposal valuing the company at 35p per share that it would be minded to recommend.
Read moreEnergean signs $2bn deal to supply gas to Kesem plant
14th Apr 2025 07:35
(Sharecast News) - Natural gas-focused exploration company Energean has signed an agreement to supply gas to Kesem Energy's new power plant in Israel, worth around $2bn in revenues.
Read moreLondon pre-open: FTSE seen up on electronics tariff exemption
14th Apr 2025 07:34
(Sharecast News) - London stocks were set to jump at the open on Monday, taking their cue from gains in Asia after Trump said that smartphones and computers were exempt from new tariffs.
Read moreKainos ends year as expected as Workday Products outperforms
14th Apr 2025 07:25
(Sharecast News) - Kainos Group said in an update on Monday that it expects to report full-year revenue and adjusted profit before tax in line with consensus forecasts, following a solid fourth quarter that was supported by cost discipline and steady operational performance.
Read moreMonday newspaper round-up: British Steel, Viagogo, tariffs
14th Apr 2025 07:22
(Sharecast News) - British Steel is to deploy emergency measures in a race against time to save the blast furnaces at Scunthorpe, as the business secretary refused to guarantee the plant could get what it needed in time. The company is understood to be looking at offers of help from more than a dozen businesses to obtain materials such as iron ore and coking coal, potentially allowing it to avoid the temporary shutdown of one of the two furnaces. - Guardian
Read moreConvatec hikes InnovaMatrix sales guidance by 50%
14th Apr 2025 07:14
(Sharecast News) - Medical products group Convatec has said the sales outlook for InnovaMatrix has improved after an announcement by the US government late last week.
Read moreSunday newspaper round-up: British Steel, BP, BoE
13th Apr 2025 09:52
(Sharecast News) - The government has passed a bill that allows it to force companies to keep operations going at loss-making steel businesses in England. That or their executives will face criminal penalties. The bill was approved in what was just the sixth Saturday sitting of parliament since the second world war. The move was made necessary by the apparent breakdown of talks with British Steel's Chinese owners, which threatened to provoke the works' furnaces going out and the loss of thousands of jobs. - Guardian
Read moreUS close: Stocks higher after volatile week, JPMorgan jumps
11th Apr 2025 21:53
(Sharecast News) - US stocks ended Friday's session with strong gains, capping off one of the most volatile weeks for Wall Street in recent history, as the sporadic nature of Donald Trump's trade policies continued to steer market sentiment.
Read moreUK MPs recalled to debate seizure of British Steel
11th Apr 2025 19:17
(Sharecast News) - UK lawmakers will hold a rare emergency parliamentary session on Saturday to take control of British Steel and stop its Chinese owner closing the Scunthorpe plant in a move that could lead to nationalisation of the company.
Read more