McBride plc (LON: MCB) raised its guidance for annual earnings on Friday as the ongoing Coronavirus pandemic fuelled demand for cleaning products in recent months. The COVID-19 crisis has so far infected more than 1.6 million people in the United Kingdom and caused over 60 thousand deaths. The current…
Berkeley Group Holdings plc (LON: BKG) said on Friday that its pre-tax profit came in 17% lower than last year in the fiscal first half. The company, however, reaffirmed its guidance for the full year. The property developer had seen a 35% decline in annual pre-tax profit last…
Standard Life Aberdeen plc (LON: SLA) revealed to have divested part of its stake in HDFC Life Insurance Company on Thursday. The asset manager generated £172 million of proceeds as it offloaded 2.8% of its stake in its subsidiary. Standard Life Aberdeen opened less than 1% down on Thursday…
In an announcement on Thursday, Paragon Banking Group plc (LON: PAG) said its annual profit came in 27% lower on a year over year basis. The company attributed the decline to the ongoing Coronavirus pandemic that disrupted lending in the recently concluded financial year. Paragon said: “The pipelines across…
Phoenix Group Holdings (LON: PHNX) valued its annual cash generation at £1.7 billion on Thursday, that represents an over 100% growth as compared to last year. Cash generation, it added, also topped its own upwardly revised estimates for the recently concluded financial year. Phoenix Group opened about 0.5% up…
In an announcement on Tuesday, Pets at Home Group (LON: PETS) said that veterinary company Linnaeus Group bought five of its specialist referral practices for £100 million. The company now wishes to expand its footprint in customer-facing services. Pets at Home Group slipped just under 2% on market…
Topps Tiles plc (LON: TPT) said on Tuesday that it concluded the financial year in loss due to the ongoing Coronavirus pandemic that has so far infected more than 1.6 million people in the United Kingdom and caused over 58 thousand deaths. The company also forecast that its performance…
In an announcement on Monday, Pets at Home Group (LON: PETS) said it had bought The Vet Connection (veterinary telehealth provider) for £15 million. The company said that the acquisition will help it capitalise on remote consultations amidst the COVID-19 crisis that has restricted people to their homes. The…
Lloyds Banking Group (LON: LLOY) named Charlie Nunn as its next Chief Executive Officer on Monday. Nunn is currently serving at HSBC as the head of wealth and personal banking. Nunn will fill the shoes for Antonio Horta-Osorio at Lloyds. Antonio expressed plans of stepping down in July and…
HSBC Holdings plc (LON: HSBA) has been struggling to compete well with the big fish in the United States for a while. In a report on Saturday, Financial Times said that the largest European bank was now planning on quitting retail banking completely in the United States. At £4.04…
In an earlier announcement, Marks & Spencer (LON: MKS) had expressed plans of opening more than 200 of its countrywide stores for the public on 26th December to benefit from post-Christmas sales that traditionally surge sharply on Boxing Day every year. On Thursday, however, the clothing and food retailer…
Benchmark Holdings plc (LON: BMK) expressed confidence in its financial position on Thursday as it completed planned asset disposals in the year that concluded in September. Benchmark opened about 5.0% up on Friday but lost more than 10% on market open. On a year to date basis, the British…
In a statement on Thursday, CEO Pascal Soriot of AstraZeneca plc (LON: AZN) expressed plans of launching a new global trial that will study the efficacy of its Coronavirus vaccine at a lower dosage. AstraZeneca opened more than 1% down on Friday. It is currently trading close to the…
Severn Trent plc (LON: SVT) said on Thursday that its profit was lower in the fiscal first half than the same period last year. The company attributed the decline to the ongoing Coronavirus pandemic that weighed on water consumption in recent months. Severn Trent shares are currently about 1%…
Fuller, Smith & Turner plc (LON: FSTA) said on Thursday that it swung to a loss in the fiscal first half as the Coronavirus pandemic pushed its stores into temporarily shutting down. The COVID-19 crisis has so far infected more than 1.5 million people in the United Kingdom and…
In a report on Thursday, Mitchells & Butlers plc (LON: MAB) said it concluded fiscal 2020 in loss due to the Coronavirus pandemic that pushed its stores into temporarily shutting down. The company also revealed to have slashed its workforce by 1,300 jobs. Shares of the company tanked more…
Aviva plc (LON: AV) said on Thursday that trading remained robust in the first three quarters despite the ongoing Coronavirus pandemic that has so far infected more than 1.5 million people in the United Kingdom and caused over 56 thousand deaths. On the back of resilient performance, the company…
In an announcement on Thursday, Britvic plc (LON: BVIC) said that its pre-tax profit saw a slight improvement in fiscal 2020 as lower costs helped even out the decline in revenue. The company, however, warned that the newly imposed COVID-19 restrictions were expected to keep its performance under pressure…
In a report on Wednesday, Virgin Money UK plc (LON: VMUK) said that it booked a sizable impairment charge in fiscal 2021 but concluded the financial year with a pre-tax loss that was narrower than last year. The company also expressed confidence that it was well-positioned to weather the…
Pets at Home Group plc (LON: PETS) said on Tuesday that its pre-tax profit came in higher in the fiscal first half. The company attributed the increase in its profit to greater revenue amidst the ongoing Coronavirus pandemic. Pets at Home shares slipped a little under 10% on market…
In a report on Tuesday, AO World plc (LON: AO) said that its revenue in the fiscal first half came in 53.2% higher on a year over year basis. The company also said that it concluded H1 in profit as the COVID-19 crisis restricted people to their homes and…
2020 has been a year that the investment community won’t forget in a hurry. The coronavirus pandemic led to the beginning of the 2020 stock market crash (or ‘Coronavirus Crash’) on February 20th, 2020, where the world witnessed the fastest fall in global stock markets in financial history. During this…
Compass Group plc (LON: CPG) said on Tuesday that its pre-tax profit came in lower in fiscal 2020 than last year. The company attributed the decline to weaker revenue due to the ongoing COVID-19 crisis that has so far infected more than 1.5 million people in the United Kingdom…
In an announcement on Monday, AstraZeneca plc (LON: AZN) said that interim results from its late-stage clinical trials suggest that its candidate COVID-19 vaccine is effective in 70% of the patients on average. The news came only weeks after Pfizer/BioNTech and Moderna reported nearly 95% efficacy for their…
Prosus NV (AMS: PRX) reported a 29% annualised growth in its H1 earnings on Monday to £1.65 billion. The company attributed the increase primarily to significant returns from its investment in China’s Tencent, that helped offset losses from its other businesses. Prosus NV was reported more than 1% up…
