Stock market

Luxury stocks drop as analysts cut ratings on global slowdown
September 09, 2024 08:37 PM AEST| By InvestingThis article first appeared in Investing.com

DocuSign stock falls despite better-than-expected earnings, guidance
September 06, 2024 06:59 AM AEST| By InvestingDocuSign Inc (NASDAQ:DOCU) reported better-than-expected second-quarter earnings and revenue but saw its shares drop 6% in after-hours trading as the company's guidance failed to impress investors.

Volvo Cars lowers its profit and sales targets
September 05, 2024 07:49 PM AEST| By InvestingInvesting.com -- Volvo Cars (ST:VOLVb) has revised its financial targets for 2026, aiming for a lower EBIT margin of 7-8% due to increased complexities.

Chapel Down Slumps as CEO Exits and Profits Decline
September 05, 2024 03:05 AM AEST| By Team Kalkine MediaOn Wednesday, Chapel Down experienced a significant decline in its share value following the announcement of a leadership change and a decrease in first-half profits and revenue.,Andrew Carter, the company's Chief Executive Officer, has resigned to t...

M&G Reports £1.5B Net Outflows for H1
September 05, 2024 02:58 AM AEST| By Team Kalkine MediaOn Wednesday, M&G PLC revealed a notable shift in its financial performance for the first half of the year, reporting a substantial decline in net inflows and a decrease in profits. For the six months ending 30 June, the asset management firm experie...

Starwood Capital to Acquire Balanced Commercial Property in £673M Deal
September 05, 2024 02:06 AM AEST| By Team Kalkine MediaBalanced Commercial Property Trust (BCPT) has agreed to be acquired by private investment firm Starwood Capital in a deal valued at £673.5 million. Under the terms of the agreement, BCPT shareholders will receive 96p per share in cash, representing a...

Service Activity Boosts Eurozone Private Sector in August
September 05, 2024 02:04 AM AEST| By Team Kalkine MediaThe eurozone’s private sector recorded its fastest growth in three months during August, spurred by a stronger performance in the services sector, according to the latest Hamburg Commercial Bank (HCOB) eurozone composite purchasing managers’ index (P...

UK Business Activity Grows at Fastest Pace Since April
September 05, 2024 01:56 AM AEST| By Team Kalkine MediaBusiness activity in the UK surged in August, reaching its highest level since April, according to a survey released on Wednesday. The S&P Global purchasing managers' index composite output index increased to 53.8, up from 52.8 in July.,The services...

VCT and EIS Sunset Clauses Extended for Another 10 Years
September 04, 2024 10:32 PM AEST| By Team Kalkine MediaThe extension of tax reliefs for Venture Capital Trusts (VCTs) and the Enterprise Investment Scheme (EIS) has been confirmed, offering a significant boost to the companies involved. The European Commission has officially decided "not to raise objecti...

Direct Line earnings disappoint; shares slip
September 04, 2024 10:05 PM AEST| By InvestingThis article first appeared in Investing.com

Mexican Billionaire Carlos Slim Increases Stake in BT Group
September 04, 2024 01:19 AM AEST| By Team Kalkine MediaOn Tuesday, it was revealed that Mexican billionaire Carlos Slim has significantly increased his stake in BT Group. According to a regulatory filing from the telecommunications company, Slim’s family business, Inbursa, has raised its ownership to 4.3...

Ashtead Group shares rise on strong Q1 results
September 03, 2024 08:51 PM AEST| By InvestingThis article first appeared in Investing.com

UK Companies Poised for Extended Gains Amid Analyst's Recovery Outlook
September 02, 2024 10:53 PM AEST| By Team Kalkine MediaLondon-listed companies are expected to experience a sustained period of growth as the UK economy shows signs of recovery from a challenging phase marked by high inflation and uncertainty. Peel Hunt analysts noted in a report on Monday that a shift i...

Eurozone Manufacturing Decline Extends to 26th Consecutive Month
September 02, 2024 10:13 PM AEST| By Team Kalkine MediaThe eurozone's manufacturing sector experienced continued decline in August, as the regional purchasing managers' index (PMI) remained below the neutral 50-point threshold for the 26th consecutive month. The Hamburg Commercial Bank (HCOB) eurozone ma...

Phoenix's Aurora Trust Proposes Merger with Artemis Alpha
September 02, 2024 09:26 PM AEST| By Team Kalkine MediaPhoenix’s Aurora Investment Trust has proposed a merger with the Artemis Alpha Trust, a move designed to consolidate their combined assets of approximately £353 million. The merger would bring together the £123.7 million Artemis Alpha Trust and the £...

UK Manufacturing Sector Expands at Fastest Rate in Over Two Years
September 02, 2024 09:22 PM AEST| By Team Kalkine MediaUK manufacturing activity surged to its highest level in more than two years in August, according to a new survey released on Monday. The S&P Global manufacturing purchasing managers’ index (PMI) climbed to a 26-month high of 52.5, up from 52.1 in Ju...

Ted Baker Owner Authentic Secures Deal to Relaunch Brand Online
August 28, 2024 08:46 PM AEST| By Team Kalkine MediaAuthentic Brands Group, the owner of Ted Baker, has unveiled plans to relaunch the brand as an exclusively online retailer later this year. This announcement follows the closure of Ted Baker's final physical stores, which wrapped up this week.,The ne...

Jefferies Reaffirms Positive Outlook on UK Housebuilders
August 28, 2024 12:28 AM AEST| By Team Kalkine MediaJefferies has reaffirmed its optimistic outlook on UK housebuilders, noting significant upside potential in share prices due to an improving interest rate environment and anticipated government changes to planning regulations. Despite the robust shar...

Berenberg Starts Coverage on Smiths Group
August 24, 2024 01:19 AM AEST| By Team Kalkine MediaBerenberg analysts have initiated coverage of Smiths Group, a diversified engineering firm, with a 'hold' rating and a target price of 1,757.0p. The analysts noted that Smiths Group's diversified portfolio offers some earnings stability, but they bel...

NS&I Launches New Two- and Five-Year British Savings Bonds
August 23, 2024 08:50 PM AEST| By Team Kalkine MediaNS&I has introduced new two-year and five-year British Savings Bonds, expanding options for savers seeking guaranteed fixed rates. This development marks the return of these fixed-term bonds to the market for the first time in 15 years, following a p...
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