Latest breaking stories, features and analysis
Taylor Wimpey says its pre-tax profit tanked 68% in 2020
- Taylor Wimpey says its pre-tax profit tanked 68% in 2020.
- The British firm declares 4.14 pence per share of final dividend.
- Taylor Wimpey plc values its order book at £2.79 billion.
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Morgan Sindall stock price rallies 12% on improved visibility
Shares of Morgan Sindall Group PLC (LON: MGNS) surged 12% despite the tumbling revenue and profits. The construction firm reinstated its full-year guidance amid improved visibility. Fundamental analysis: COVID hits MS hard Morgan Sindall reported its pre-tax profit tumbled…
August 5, 2020
Atlantia stock price erases losses on a deal with Italy’s government
Atlantia (OTCMKTS: ATASF) stock price closed the week in the green despite gaping 15% lower on Monday. Atlantia, the infrastructure giant controlled by the billionaire Benetton family, agreed to sell its highway business to the Italian government. Fundamental analysis: Benetton family loses the motorway business The influential Italian Benetton…
July 18, 2020
Persimmon stock price gains over 6% on reports of stamp duty cut
Shares of Persimmon PLC (LON: PSN) have gained more than 6% on media reports that the UK government is considering tax cuts to support the troubled economy. Persimmon share price hit a new 4-week high on this news. Fundamental analysis: Rishi Sunak, British Finance Minister, is considering the next…
July 6, 2020
This stock is set to rise as PM Johnson prepares to unveil new infrastructure plan
Prime Minister Boris Johnson is preparing to unveil a new infrastructure plan this week called “Get Britain moving again”. Logically, the building and construction sector will be the main beneficiary with CRH stock (LON: CRH) likely to make gains on the increase in government spending. Fundamental analysis: “Get Britain…
June 28, 2020