Frank Prenesti

London

Politics and Business Journalist at Freelance

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Articles

BoE's Bailey says inflation outlook uncertain, but jobs mkt cooling

2 days ago | sharecast.com | Frank Prenesti

In a speech to the British Chambers of Commerce, Bailey added that there were signs of a cooling in the jobs market and wage growth. “We have to monitor very closely how this plays out. Some of the regulated and administrative prices could change again. And we have to ensure that second-round effects do not take hold,” he said. “Also on our watch list is food price inflation, which has risen materially, from 3.0% to 4.4% in May.
FTSE 250 movers: Inchcape motors; Moonpig off investors card list

2 days ago | sharecast.com | Frank Prenesti

FTSE 250 (MCX) 21,428.06 0.61% Car dealership Inchcape rose as it reiterated its full-year outlook and hailed a resilient operating performance in the first half. Miners were among the biggest gainers as copper prices rose with Hochschild Mining making gains. Qinetiq jumped as Nato governments agreed to buy more weapons as the latest arms race gathered pace.
Europe open: Shares rally as Iran-Israel ceasefire holds

2 days ago | sharecast.com | Frank Prenesti

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Chemring-Norway explosives factory study goes to second stage

2 days ago | hl.co.uk | Frank Prenesti

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views. (Sharecast News) - Chemring said a joint feasibility study with Norway on a new military explosives factory would now go to a second phase. The new phase will determine the size of the facility, along with the commercial arrangements, and is expected to be finalised next year, Chemring added.
Europe midday: Shares steady as MEast tensions ease

2 days ago | hl.co.uk | Frank Prenesti

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
Europe open: Shares rally as Iran-Israel ceasefire holds

2 days ago | hl.co.uk | Frank Prenesti

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
AB Foods 'to close' bioethanol plant unless UK govt covers losses

2 days ago | hl.co.uk | Frank Prenesti

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views. (Sharecast News) - said it would close its bioethanol business unless the British government was able to provide short term funding for its losses as a result of the US-UK trade deal. The conglomerate said it was starting a consultation process with the plant's 160 workers while still negotiating with officials.
Europe close: Stoxx closes in the red as investors fret over MEast tensions

3 days ago | sharecast.com | Frank Prenesti

The pan-regional Stoxx 600 index closed 0.74% lower to 536.98, giving up morning gains, with all major bourses in the red. Germany’s DAX fell 0.57% and France’s CAC 40 declined 0.76%. Israel and Iran agreed to stop attacks after the US jumped into their 12-day war and bombed Iranian nuclear facilities, with President Donald Trump saying they had been “obliterated”. However, early reports from an initial intelligence assessment of the damage by Washington suggested this was not the case.
FTSE 250 movers: Burberry gains on TP upgrade

3 days ago | sharecast.com | Frank Prenesti

FTSE 250 (MCX) 21,303.16 -0.11% Burberry racked up strong gains as Morgan Stanley and HSBC lifted their price targets on shares of the luxury fashion brand. Moonpig fell ahead of full-year results on Thursday.
Eurostar services disrupted by fatalities, copper cable theft

3 days ago | lse.co.uk | Frank Prenesti

(Sharecast News) - Eurostar rail services have been severely disrupted on Wednesday after two separate fatalities on the track in France followed by the theft of copper cables near Lille. The high-speed operator cancelled services and delayed others on routes serving London, Paris, Brussels and Amsterdam. Two people died in separate incidents on the LGV Nord high-speed line between Lille and Paris on Tuesday, which closed the line for most of the day.