Sunday 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.
Read moreSmith & Nephew maintains guidance after strong first quarter
1st May 2024 07:13
(Sharecast News) - Smith & Nephew reported first-quarter revenue of $1.39bn in an update on Wednesday, up 2.9% year-on-year, as its orthopaedics business continued to recover.
Read moreLondon close: Stocks finish firmer ahead of Easter break
28th Mar 2024 16:08
(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.
Read moreLondon close: Stocks little changed as investors look to US data
27th Feb 2024 16:05
(Sharecast News) - London's equity markets closed with a subdued performance on Tuesday, after a mixed but largely flat session trend as investors exercised caution ahead of US inflation figures later in the week.
Read moreSmith & Nephew revenue growth tops full-year forecasts
27th Feb 2024 07:22
(Sharecast News) - Medical device giant Smith & Nephew reported fourth-quarter revenue of $1.46bn on Tuesday, marking a 6.4% increase on an underlying basis compared to the prior year.
Read moreRBC sees upside risk to Q4 results at Smith & Nephew
12th Feb 2024 08:39
(Sharecast News) - RBC Capital Markets has reiterated its 'outperform' rating on Smith & Nephew ahead of the medical devices giant's fourth-quarter results later this month, saying it sees upside risk to current estimates.
Read moreLondon close: Stocks slip after surprise jump in UK inflation
17th Jan 2024 15:03
(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.
Read moreBofA Merrill Lynch lifts Smith & Nephew price target
17th Jan 2024 12:46
(Sharecast News) - Bank of America Merrill Lynch upped its price target on Smith & Nephew on Wednesday to 1,320p from 1,180p.
Read moreBofA Merrill Lynch lifts Smith & Nephew price target
17th Jan 2024 12:46
(Sharecast News) - Bank of America Merrill Lynch upped its price target on Smith & Nephew on Wednesday to 1,320p from 1,180p.
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