News Archive
HSBC planning job cuts in UK wealth management arm in AI push - report
7th Oct 2026 08:39
(Sharecast News) - HSBC is reportedly planning sweeping job cuts in its UK wealth management business, drastically reducing its ranks of financial advisers and other specialists as part of a push to use AI to help serve wealthy clients.
Read moreLondon open: FTSE falls as oil prices rise; HSBC under the cosh
7th Oct 2026 08:00
(Sharecast News) - London stocks fell in early trade on Wednesday following an uninspiring Asian session, as Brent crude traded back above $101 a barrel.
Read moreLondon open: FTSE falls as oil prices rise; HSBC under the cosh
7th Oct 2026 08:00
(Sharecast News) - London stocks fell in early trade on Wednesday following an uninspiring Asian session, as Brent crude traded back above $101 a barrel.
Read morePennon shares tumble on rights issue, dividend cut
7th Oct 2026 07:58
(Sharecast News) - Shares in Pennon tumbled on Wednesday after the water utility unveiled a rights issue and cut its dividend as part of a major operational reset and increased investment programme.
Read moreUK house prices steady in September - Lloyds
7th Oct 2026 07:57
(Sharecast News) - UK house prices were steady in September despite the impact of higher interest rates, according to the Lloyds house price index released on Wednesday.
Read moreEurope open: Rally ends as bond yields, oil price rise weigh
7th Oct 2026 07:48
(Sharecast News) - European shares opened lower on Wednesday, snapping a three-day winning streak bond yields rose again and oil prices sat above $100 a barrel after Houthi attacks on Saudi oil pipelines disrupted the recent supply recovery.
Read moreGerman industrial production rises more than expected in August
7th Oct 2026 07:37
(Sharecast News) - Industrial production in Germany rose by a more than expected 2.0% in August, driven mainly by a sharp rebound in construction output, according to official data published on Wednesday.
Read moreLondon pre-open: Stocks to fall after lacklustre Asian session
7th Oct 2026 07:36
(Sharecast News) - London stocks were set to fall at the open on Wednesday following a lacklustre Asian session, as investors mulled the latest UK house price figures.
Read moreHollywood Bowl sees record revenue despite hottest UK summer
7th Oct 2026 07:25
(Sharecast News) - Ten-pin bowling chain Hollywood Bowl on Wednesday held earnings guidance and said full year revenue would hit a record £261m as a strong performance in Canada offset the UK's hottest ever summer which kept people at home.
Read moreWednesday newspaper round-up: Energy bills, O2 , BT/TalkTalk, Meta
7th Oct 2026 07:23
(Sharecast News) - John Healey is planning a major intervention to cut energy bills for poorer households in this month's budget, after ministers became alarmed at forecasts that show bills rising by hundreds of pounds in January. The chancellor is working on plans to spend more than £1bn to help energy consumers, the bulk of which is likely to go towards increasing the discount given to households on certain benefits. - Guardian
Read moreLondon close: FTSE falls amid rising bond yields; banks slump
7th Oct 2026 07:19
(Sharecast News) - London stocks fell on Wednesday amid rising bond yields and as Brent crude remained above $100 a barrel, with banks pacing the decline.
Read moreRank shares fall after £5m Gambling Commission settlement
7th Oct 2026 07:18
(Sharecast News) - Shares in Rank Group slipped on Wednesday after the Gambling Commission said three of its casino businesses would pay £5m over anti-money laundering and social responsibility failings.
Read moreIMI to acquire Italy's iSMA Controlli for €63m
7th Oct 2026 07:08
(Sharecast News) - Engineering firm IMI has agreed to buy iSMA Controlli, an Italian building‑automation specialist, in a deal valued at €63m, with the business set to join the group's climate control division.
Read moreUS close: S&P 500, Nasdaq hit new highs as AI stocks rally
6th Oct 2026 22:34
(Sharecast News) - Renewed confidence in the AI trade and easing bond yields lifted US stocks on Tuesday, with the S&P 500 and Nasdaq closing at record highs.
Read moreEurope close: Stocks rise for third day as bond yields, oil prices fall
6th Oct 2026 15:00
(Sharecast News) - European stock markets advanced for the third straight session on Tuesday on the back of falling oil prices and bond yields, with sentiment supported by record highs on Wall Street.
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