Sharecast News
ShareCast News
IP Group unveils new venture capital fund
IP Group, the developer of intellectual property-based businesses, has established a 30m-pound venture capital fund, IP Venture Fund II, in partnership with the European Investment Fund (the EIF).[Thu 09:53]
Halfords Group unveils turnaround plan as profits fall
UK automotive products retailer Halfords Group announced a strategy to improve its sales after reporting flat full-year revenues and a fall in profit.[Thu 09:42]
ECB needs to do more as PMI signals Q2 Eurozone recession, says Markit
Eurozone private sector activity hit a three-month high in May, but still remained "deep in contraction territory", according to a report published on Thursday by Markit.[Thu 09:24]
Tullow Oil announces well disappointment offshore Norway
Lundin Petroleum, Tullow Oil's partner on the Carlsberg prospect in the Norwegian North Sea, said Thursday that it has plugged and abandoned the wildcat well 7/4-3 after no hydrocarbons were encountered.[Thu 09:21]
Broker snap: Nomura downgrades Kingfisher ahead of 'difficult year'
The recent rally in Kingfisher's share price was paused on Thursday morning after Nomura downgraded its rating on the stock from 'neutral' to 'reduce', saying that shares in the B&Q owner have travelled too far given the tough times ahead.[Thu 09:12]
Full year pre-tax profit up 13 per cent at Booker Group
Full year profit before tax rose 13 per cent to 101.4m pounds at FTSE 250-listed food wholesaler Booker Group in the 52 weeks ended March 29th.[Thu 09:10]
PayPoint's annual profits increase on record transaction volume
PayPoint reported a 10.9 per cent rise in annual pre-tax profit to 41.3m pounds as the online payments company achieved record transaction volume.[Thu 09:02]
Germany's PMI data threatens Q2 GDP rebound
Though Germany's PMI (purchasing managers' index) data showed a sluggish advance in May, new orders continued to decline, putting a forecast rebound in growth during the second quarter at risk.[Thu 08:55]
BTG announces double acquisition and placing of 33m shares
BTG, the specialist healthcare company, has entered into an agreement to buy EKOS Corporation (EKOS), an interventional vascular business, and separately to buy the Targeted Therapies division of Nordion.[Thu 08:35]
Thursday broker round-up UPDATE
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation.[Thu 08:35]
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