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ShareCast News

London pre-open: Stocks seen touch higher

(ShareCast News) - London stocks were expected to open a little higher on Thursday, continuing the positive tone from the last two sessions but with investors likely to pause for breath after the last few days of volatility.
[30 Jun '16 07:34]

Thursday newspaper round-up: Theresa May, City hiring, BT, MyLocal

(ShareCast News) - Theresa May will on Thursday launch her bid to become prime minister with a promise to restore business confidence and stability to a country reeling from last week's Brexit vote. The home secretary is running as the "safe pair of hands" candidate for the Tory leadership, with allies confident that in uncertain times Tory MPs and activists will prefer her to Boris Johnson, her principal rival. - Financial Times
[30 Jun '16 07:25]

3i says not listing or selling interest in Action

(ShareCast News) - Private equity firm 3i said it had no plans to dispose of its investment in Dutch discount retailer Action despite a number of approaches.
[30 Jun '16 07:23]

Rio Tinto ends mining involvement in PNG

(ShareCast News) - Rio Tinto said it was ending its involvement with Papua New Guinea by giving up ownership of the Panguna copper mine on Bougainville island.
[30 Jun '16 07:05]

Wednesday newspaper share tips: Redrow, Legal&General, Aviva

(ShareCast News) - Unless we are heading for some sort of huge housing crisis, shares of many homebuilders are still attractive, with stock in Redrow being a particular case in point, while several others were on guaranteed dividend yields, The Times´s Tempus wrote.
[29 Jun '16 19:43]

US crude oil futures boosted by latest US weekly inventory data

(ShareCast News) - US crude oil stockpiles fell sharply last week, albeit amid a large drop in imports, boosting prices for crude oil futures.
[29 Jun '16 18:52]

Life insurers, oil stocks boost indices

(ShareCast News) - Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit.
[29 Jun '16 18:40]

Wednesday broker round-up

(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p.
[29 Jun '16 18:09]

Small caps news round-up

(ShareCast News) - Digital wellness technology developer Fitbug Holdings announced on Wednesday a proposed equity fundraising of around £2.61m before expenses. The AIM-traded company said the fundraising comprises a placing of 340,800,000 placing shares at 0.15p per share with institutional and other investors, and an open offer of up to 703,626,325 shares at 0.25p each.
[29 Jun '16 17:30]

Brexit´s effect on property not as bad as feared, says estate agent

(ShareCast News) - Brexit did not cause any immediate reduction in demand for residential property, claims estate agents Haart, though it admitted there had been a spike in last-minute withdrawals.
[29 Jun '16 16:41]

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