In an announcement on Monday, Rolls-Royce Holdings plc (LON: RR) said that Panos Kakoullis will join the company as its new CFO on 3rd May. Kakoullis has previously served as the head of audit at Deloitte. The new chief financial officer will help steer the British engine manufacturer’s cost-cutting…
Mitchells & Butlers plc (LON: MAB) expressed plans of an open offer to raise £350 million on Monday in a bid to cushion the economic impact from the ongoing Coronavirus pandemic. The 210 pence per share offer translates to a 36% discount on the price at which the FTSE…
ING Groep NV (AMS: INGA) said that its net profit saw a significant decline in the fourth quarter. The decline, however, was less than what analysts had anticipated. The Dutch bank scored 83 on S&P Global Ratings ESG Evaluation in January. ING Groep shares, that you can…
Royal Mail plc (LON: RMG) said on Thursday that its full-year operating profit on an adjusted basis is expected to come in well over £500 million. The company attributed its hawkish forecast for fiscal 2021 to the ongoing Coronavirus pandemic that pushed the British government into imposing another national…
Ted Baker plc (LON: TED) said on Thursday that trading took a significant hit in the fiscal fourth quarter due to a resurgence of COVID-19 cases in the United Kingdom. The Coronavirus pandemic has so far infected more than 3.9 million people in the UK and caused over 114…
In a report on Thursday, AstraZeneca plc (LON: AZN) said its pre-tax profit came in better than last year in the fiscal fourth quarter. The company expressed confidence that its financial performance will remain upbeat in 2021 on the back of core earnings and revenue that also jumped in…
Redrow plc (LON: RDW) said on Wednesday that its profit in the fiscal first half jumped 11% as the ongoing Coronavirus pandemic fuelled demand for spacious suburban homes. The COVID-19 crisis has so far infected more than 3.9 million people in the United Kingdom and caused over 113 thousand…
Lancashire Holdings Limited (LON: LRE) said on Wednesday that it swung to a surprise profit in fiscal 2020. The company said that it faced roughly £108.44 million of losses attributed to natural catastrophes and the ongoing Coronavirus pandemic, but these losses were completely offset by its investment portfolio that…
Ocado Group plc (LON: OCDO) said on Tuesday that its full-year core earnings came in 69% higher than last year due to the ongoing Coronavirus pandemic that fuelled demand for home delivery. Ocado shares, that you can learn to buy online here, slid a little under 5% in…
Bellway plc (LON: BWY) said on Tuesday that house-and-flat sales in the fiscal first half jumped to a record high but said that the same momentum is unlikely to sustain in H2. Bellway shares were reported about 4% up in premarket trading on Tuesday but lost close to 1%…
Inland Homes plc (LON: INL) said on Monday that its annual profit took a hit due to the ongoing Coronavirus pandemic that weighed on its contract income business, margins in housebuilding, and costs at large. The Coronavirus pandemic has so far infected more than 3.9 million people in the…
Beazley plc (LON: BEZ) said on Friday that it concluded fiscal 2020 with a pre-tax loss of £36.83 million. The company, however, expressed confidence that a significant recovery is expected in 2021. In the previous financial year, it had posted £195.60 million of profit. In its statement on Friday,…
Unilever plc (LON: ULVR) said on Thursday that its net profit posted a decline in fiscal 2020. The company reported lower than expected profit for the year due to the ongoing Coronavirus pandemic that disrupted its business. For 2021, however, Unilever expressed confidence that the recovery is imminent. The…
Royal Dutch Shell plc (LON: RDSA) said on Thursday that it concluded the fiscal fourth quarter with loss. The overall underlying performance, the company said, was weaker than expected. Shell remained flat in premarket trading on Thursday and jumped more than 2% on market open. Including the price action,…
Vodafone Group plc (LON: VOD) said its organic service revenue returned to the growth zone in the fiscal third quarter. The company also confirmed its full-year financial guidance on Wednesday. Chief Executive Nick Read commented on the financial update and said: “Our good trading performance underscores our confidence…
In an announcement on Wednesday, Glencore plc (LON: GLEN) said coal and copper production in 2020 matched its guidance, despite the new COVID-19 variant pushing the United Kingdom into another lockdown last month. Glencore shares opened roughly 1.5% up on Wednesday but lost the entire intraday gain in…
In an announcement on Tuesday, SSE plc (LON: SSE) said that the ongoing COVID-19 crisis will hit its operating profit in fiscal 2021. The company, however, reiterated its guidance for adjusted per-share earnings and full-year dividend on Tuesday. SSE plc shares, that you can learn to buy online…
British Petroleum plc (LON: BP) said on Tuesday that it concluded the fiscal fourth quarter in profit as prices showed signs of recovery in recent months after an unprecedented hit from the Coronavirus pandemic that has so far infected more than 3.8 million people in the United Kingdom and…
In an announcement on Monday, Siemens Healthineers AG (ETR: SHL) said that its net profit in the fiscal first quarter posted a 44% annualised growth to £384.80 million. The company said that its rapid antigen tests saw robust demand in recent months as the new variant of the Coronavirus…
Ryanair Holdings plc (LON: RYA) said on Monday that the ongoing COVID-19 restrictions are likely to translate into a record £749 million to £837 million of loss this year. But CEO Michael O’Leary expressed confidence that vaccination against the novel flu-like virus will resume demand for air travel this…
Hargreaves Lansdown plc (LON: HL) said on Monday that its profit in the fiscal first half came in better than last year despite the newly imposed restrictions in recent months to combat the ongoing Coronavirus pandemic that has so far infected more than 3.8 million people in the United…
As part of the platform’s planned expansion in 2021, Invezz has recently undergone a complete redesign of its website, invezz.com. The new site has been tailor-made to help users make better investment decisions when navigating the world of personal finance, supporting them when buying stocks, cryptocurrency and commodities. Invezz…
SThree plc (LON: STEM) said on Monday that its profit came in better than expected in fiscal 2020. On a year over year basis, however, its annual profit saw a close to 50% decline. The recruiter expressed confidence that signs of recovery were starting to show in the United…
Boohoo Group plc (LON: BOO) said on Monday that it had bought Debenhams’ intellectual property assets in entirety for £55 million from its administrators. The deal includes the retailer’s selected contracts, related business information, and customer data but excludes its stores and staff. Plans of going into liquidation were…
In an announcement on Monday, Koninklijke Philips NV (AMS: PHIA) said its net profit in the fiscal fourth quarter came in better than last year but weaker than what experts had forecast. The Dutch firm reiterated its full-year guidance on Monday. Philips jumped roughly 1.5% up in premarket trading…
