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ShareCast News

GlaxoSmithKline to invest GBP275m in UK manufacturing sites

(ShareCast News) - Amid growing concerns about how Brexit might affect investment in the UK, pharmaceuticals giant GlaxoSmithKline has announced plans to spend 275m on three of its UK manufacturing sites to boost production and support delivery of its latest respiratory and large molecule biological medicines.
[27 Jul '16 10:06]

Cenkos confirms FCA investigation into Quindell role

(ShareCast News) - Broker Cenkos has confirmed that it is being investigated by the Financial Conduct Authority (FCA) over its work advising Quindell, which has since become Watchstone Group.
[27 Jul '16 09:53]

Shawbrook income and profit rise in first half

(ShareCast News) - Shawbrook Group posted interim results for the six months to 30 June on Wednesday, with net operating income improving to 99.3m, compared with 77.1m a year ago.
[27 Jul '16 09:50]

Exane downgrades Drax to 'neutral'

(ShareCast News) - Exane BNP Paribas downgraded Drax to 'neutral' from 'outperform' following a strong share price performance.
[27 Jul '16 09:46]

GKN shares fall on Citi downgrade

(ShareCast News) - GKN shares fell on Wednesday as Citi downgraded the stock to 'neutral' from 'buy' and left its target price unchanged at 315p after the company reported a first half trading update.
[27 Jul '16 09:45]

Tullow reports surprise first half profit to beat expectations

(ShareCast News) - Africa-focused oil explorer and producer Tullow beat the oil market blues with an unexpected first-half profit of $24m, beating expectations and lifting the shares 3% in early Wednesday trade.
[27 Jul '16 09:33]

UK GDP rises more than expected in second quarter

(ShareCast News) - UK economic growth accelerated slightly more than expected in the second quarter, according to official data, which could give the Bank of England scope to hold back on increasing interest rates next month.
[27 Jul '16 09:33]

Jupiter Fund Management's H1 profit, AUM rise

(ShareCast News) - Jupiter Fund Management posted a small increase in pre-tax profit for the first half as assets under management edged higher.
[27 Jul '16 09:31]

Morgan Advanced Materials reports fall in first half profits

(ShareCast News) - Morgan Advanced Materials posted on Wednesday a 6.1% decline in first half pre-tax profit to 46.2m as the manufacturer of specialist products underwent a restructuring.
[27 Jul '16 09:24]

Mitchells & Butlers reports drop in third quarter sales

(ShareCast News) - Pub operator Mitchells & Butlers reported on Wednesday a 0.7% drop in total like-for-like (LFL) sales in the third quarter, blaming wet weather in June and the Euro 2016.
[27 Jul '16 09:02]

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