Company News
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Costcutter owner Bestway takes 3.45% stake in Sainsbury's
Friday 27 Jan 2023
(Sharecast News) - UK Costcutter convenience store owner Bestway Group has bought a 3.45% stake in supermarket giant Sainsbury's which it may increase, but said it was not considering an offer for the... Read More
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Superdry downgrades FY profit forecast to breakeven
Friday 27 Jan 2023
(Sharecast News) - Fashion brand Superdry cut its full-year profit outlook on Friday, citing underperformance of its wholesale segment and increasing uncertainty over the fourth quarter. Read More
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Avon Protection reports moderate increase in Q1 sales, anticipates "good" year
Friday 27 Jan 2023
(Sharecast News) - Avon Protection reported moderate growth in sales for the first quarter of its financial year and predicted that FY 2023 would be a "good" year. Read More
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Treatt trading in line, Q1 sales up 9%
Friday 27 Jan 2023
(Sharecast News) - Treatt said on Friday that it has made a good start to the new financial year, trading in line with management expectations. Read More
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Bookings jump at On the Beach
Friday 27 Jan 2023
(Sharecast News) - Shares in On the Beach Group shone on Friday, after the online holiday retailer reported a strong start to the year. Read More
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Motorpoint Group warns on profits amid fall in electric vehicle values
Friday 27 Jan 2023
(Sharecast News) - Vehicle retailer Motorpoint Group warned on Friday that profitability will be negatively impacted by a fall in electric vehicle values for the "foreseeable future". Read More
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Higher costs hit profits at H&M
Friday 27 Jan 2023
(Sharecast News) - Operating profits at Hennes & Mauritz fell sharply in the fourth quarter, the Swedish fashion giant said on Friday, as costs mounted. Read More
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Rolls Royce chief says company is a 'burning platform'
Friday 27 Jan 2023
(Sharecast News) - Rolls Royce's new boss told staff the engineering group was a "burning platform". Read More
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Adani shares suspended as US short seller 'fraud' claims sparks selloff
Friday 27 Jan 2023
(Sharecast News) - Shares in Indian conglomerate Adani were suspended on Friday after plunging 15% as US short seller Hindenburg published an explosive report accusing it of "brazen" corporate fraud. Read More
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Paragon Banking Group raises FY23 net interest margin guidance
Friday 27 Jan 2023
(Sharecast News) - Paragon Banking Group raised its guidance for net interest margins in the 2023 fiscal year. Read More
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Direct Line boss steps down
Friday 27 Jan 2023
(Sharecast News) - The chief executive of Direct Line Insurance Group has stepped down, just two weeks after the insurer scrapped its dividend and sent the stock plummeting. Read More
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Friday preview: US personal income and spending, consumer confidence data in focus
Thursday 26 Jan 2023
(Sharecast News) - All eyes at the end of the week would remain fixated on the US where the last two key inflation readings before the next Federal Reserve policy meeting - on the following Tuesday an... Read More
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LondonMetric chair Vaughan to step down
Thursday 26 Jan 2023
(Sharecast News) - LondonMetric Property said on Thursday that chair Patrick Vaughan will step down from the board with effect from 11 July. Read More
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ASOS recruits company doctor for turnaround - report
Thursday 26 Jan 2023
(Sharecast News) - Online fashion retailer ASOS has reportedly drafted in a leading company doctor amid pressure from its lenders about the state of its balance sheet. Read More
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Intermediate Capital Group sees opportunities in market dislocations
Thursday 26 Jan 2023
(Sharecast News) - Intermediate Capital Group continued to successfully raise funds over the third quarter just ended on 31 December. Read More
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Hundreds of jobs at risk, pay cuts on horizon amid Asda shake-up
Thursday 26 Jan 2023
(Sharecast News) - Supermarket chain Asda announced a shake-up on Thursday that will put hundreds of jobs at risk, and cut pay for thousands. Read More
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UK car production slumps as chip shortage bites
Thursday 26 Jan 2023
(Sharecast News) - UK car production slumped last year to lows not seen since the 1950s, industry data showed on Thursday. Read More
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Royal Mail resumes international deliveries after cyber hack
Thursday 26 Jan 2023
(Sharecast News) - Royal Mail said it had resumed overseas tracked and signed-for services to all destinations for online customers after the cyber attack by ransomware gang Lockbit, which has links t... Read More
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Retail sales slide in January - CBI
Thursday 26 Jan 2023
(Sharecast News) - Retail sales fell sharply in January, a closely-watched survey showed on Thursday, reversing festive gains. Read More
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Europe open: Shares up on strong earnings; Polymetal tanks on Kazkh news
Thursday 26 Jan 2023
(Sharecast News) - European shares made a strong start to Thursday's session as the corporate results dump continued. Read More
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