London close: Stocks finish higher as US economy contracts
30th Apr 2025 14:52
(Sharecast News) - London stocks extended their gains on Wednesday, after fresh data from the US showed a slowing in consumer price growth, alongside the country's first economic contraction since 2022.
Read moreSmith & Nephew reiterates full-year outlook despite tariff hit
30th Apr 2025 11:09
(Sharecast News) - Shares in Smith & Nephew jumped on Wednesday, after the medical devices specialist posted improved first-quarter sales and reaffirmed its full-year outlook.
Read moreSmith+Nephew profits, sales jump on US recovery
25th Feb 2025 07:02
(Sharecast News) - Shares in Smith & Nephew surged on Tuesday as the medical equipment maker's full year profit and revenue beat downgraded forecasts, driven by a rebound in its US knee and hip implant unit, which offset continuing headwinds in China.
Read moreBerenberg lowers Smtih and Nephew to 'hold'
6th Nov 2024 09:47
(Sharecast News) - Analysts at Berenberg downgraded medical equipment manufacturing company Smith & Nephew from 'buy' to 'hold' and lowered its target price on the stock from £14.50 to £10.50, stating the group's path to recovery was now "less clear".
Read moreLondon close: Stocks mixed on eve of US presidential election
4th Nov 2024 15:13
(Sharecast News) - London markets closed with mixed results on Monday, as investors prepared for a week laden with key political and economic events, including the upcoming US presidential election and anticipated policy statements in both the UK and US.
Read moreJefferies cuts Smith & Nephew target but stays optimistic
4th Nov 2024 09:07
(Sharecast News) - Jefferies has slashed its target price for medical devices maker Smith & Nephew from 1,400p to 1,250p after challenges in China weighed heavily on third-quarter results.
Read moreLondon close: Stocks down on corporate earnings, Budget fallout
31st Oct 2024 15:59
(Sharecast News) - London stocks ended Thursday in negative territory, weighed down by corporate earnings releases and the market's response to the new Labour government's budget unveiled on Wednesday.
Read moreSmith & Nephew cuts sales guidance on Chinese headwinds
31st Oct 2024 07:38
(Sharecast News) - Shares in Smith & Nephew tumbled on Thursday, after the medical devices firm slashed its full-year sales guidance on weaker-than-expected sales in China.
Read moreSunday newspaper round-up: BP, Smith&Nephew, TalkTalk
13th Oct 2024 12:34
(Sharecast News) - Activist investor Bluebell has asked for BP chairman Helge Lund's head due to the oil giant's "embarrassing" share price performance. Whilst Shell or American rivals Chevron and ExxonMobil had doubled down on profitable fossil fuels, BP had followed a green strategy. Reports indicate that BP's new boss, Murray Auchinloss, was looking to pivot back to oil and gas in response to pressure from shareholders. Yet the company had not confirmed those reports and was not due to provide a strategy update until February. - Financial Mail on Sunday
Read moreSunday newspaper round-up: Hezbollah, Economic pain, Wealth tax
25th Aug 2024 21:27
(Sharecast News) - Approximately 100 Israeli fighter jets launched strikes on around 270 targets located in over 40 southern Lebanese towns and villages. The set of strikes was one of the biggest between the two sides since fighting resumed in October. The bulk of the strikes were against short-range rocket launchers that could be used to hit northern Israel. In response, terrorist group Hezbollah fired over 320 Katyusha rockets at 11 military targets inside Israel. Most projectiles were stopped or hit open areas. - The Sunday Times
Read moreLondon close: Stocks slide as Bank of England trims rates
1st Aug 2024 16:09
(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, as investors digested the Bank of England's decision to cut interest rates for the first time in four years.
Read moreSmith & Nephew H1 profits come in ahead of expectations
1st Aug 2024 09:05
(Sharecast News) - Medical equipment manufacturer Smith & Nephew said on Thursday that interim profits had come in ahead of market expectations, thanks in no small part to the company's 12-point turnaround plan.
Read moreLondon close: Stocks rise as UK election enters final hours
4th Jul 2024 15:41
(Sharecast News) - London stocks remained in the green by the close on Thursday, buoyed by optimistic market sentiment as UK voters headed to the polls amid widespread expectation of a Labour party victory.
Read moreActivist investor Cevian Capital takes 5% stake in Smith & Nephew
4th Jul 2024 07:49
(Sharecast News) - Swedish activist investor Cevian Capital has purchased a 5% stake in Smith & Nephew, causing shares in the medical equipment manufacturer to surge to a four-month high on Thursday.
Read moreLondon close: Stocks fall ahead of US Fed decision
1st May 2024 16:42
(Sharecast News) - London markets closed lower on Wednesday, as investors digested the latest UK manufacturing data and anticipated an impending policy announcement from the US Federal Reserve.
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