In its quarterly report on Thursday, Unilever plc (LON: ULVR) revealed an increase in its underlying sales attributed primarily to a higher demand for products related to hand and home hygiene. The company also said that food sales remained strong in the fiscal third quarter as the Coronavirus pandemic…
In an announcement on Wednesday, Antofagasta plc (LON: ANTO) said that copper production in the fiscal third quarter was lower than Q2. But the company reaffirmed its guidance for the full financial 2020, and also expressed confidence that output will improve in fiscal 2021. Shares of the company were…
UBS Group AG (SWX: UBSG) said on Tuesday that its net profit in the fiscal third quarter came in almost 100% higher on a year over year basis, attributed primarily to robust trading in recent months, resulting in more cash for share buybacks and dividend payments amidst the COVID-19…
In an announcement on Tuesday, Bellway plc (LON: BWY) said it had decided to reinstate dividend payments as the housing market showed signs of recovery at the start of the new fiscal year, after months of halt due to the Coronavirus pandemic. Bellway plc jumped more than 2.5% on…
Reckitt Benckiser Group plc (LON: RB) posted higher revenue for the fiscal third quarter on Tuesday. The company attributed the increase to its disinfection business, and raised its net revenue guidance for the full year. Shares of the company jumped 2.5% in premarket trading on Tuesday but lost 1%…
The British financial watchdog imposed an Asset Voluntary Requirement (AVR) on Amigo Holdings (LON: AMGO) on Monday. Under the new restriction, the subprime lender must receive approval from the regulator before transferring assets out of the company. Amigo Holdings was reported about 25% down in premarket trading on Monday…
Philips N.V. (AMS: PHIA) said its net profit in the fiscal third quarter posted significant growth and topped experts’ forecast on Monday. For the next four years (2021-2025), the company is now targeting higher profitability and accelerated sales growth. Shares of the company opened about 4% up on…
Serco Group plc (LON: SRP) reported better than expected results for the fiscal third quarter on Friday. The company attributed its quarterly success to cost cut measures, hawkish performance in the United States and extensions on its contracts in the U.K. Serco also raised its profit and revenue guidance…
AB Volvo (STO: VOLV-B) said on Friday that its core earnings in the fiscal third quarter came in stronger than forecasts. The company also revealed a significant increase in order intake in the recent quarter after months of halt due to the Coronavirus pandemic. AB Volvo jumped 3.5% in…
In an announcement on Friday, Man Group plc (LON: EMG) said it saw a 4.4% growth in funds under management in the fiscal third quarter. The company expressed confidence that engagement with clients in recent months remained strong, but warned that uncertainty attributed to the Coronavirus pandemic and political…
J.D. Wetherspoon plc (LON: JDW) said on Friday that it concluded fiscal 2020 with a pre-tax loss due to the Coronavirus pandemic that has so far infected more than 670 thousand people in the United Kingdom and caused over 43 thousand deaths. In separate news from the UK,…
Marston’s plc (LON: MARS) published its full-year trading statement on Thursday that reported sales in fiscal 2020 to have taken a significant hit due to the Coronavirus pandemic that has so far infected more than 650 thousand people in the United Kingdom and caused over 43 thousand deaths. Marston’s…
In an announcement on Thursday, Hays plc (LON: HAS) said that its net fees in the fiscal first quarter remained under pressure due to the ongoing Coronavirus pandemic that has so far infected more than 38 million people worldwide and caused over a million deaths. Hays plc slid close…
In a financial update on Wednesday, Bunzl plc (LON: BNZL) revealed a 4.0% annualised growth in its third-quarter revenue at actual exchange rates. At constant exchange rates, the increase in revenue came in at a much higher 8.8%. Bunzl jumped close to 4% in premarket trading on Wednesday and…
In an announcement on Wednesday, Pearson plc (LON: PSON) said that its underlying sales came in 10% lower in the fiscal third quarter. For the full year, however, it expressed confidence that performance was in line with expectations. Shares of the company were reported more than 1% up in…
CEO Luis Gallego of International Consolidated Airlines Group (LON: IAG) announced Sean Doyle as the new Chief Executive of British Airways on Monday. Doyle has been serving in a similar capacity at Aer Lingus (also IAG’s subsidiary) and will now replace Alex Cruz at British Airways with immediate effect.
Audi AG said on Sunday that signs of recovery were evident in sales from July to September after months of halt due to the Coronavirus pandemic. For the full year, however, the German automobile manufacturer forecasts its sales to remain under pressure. Chairman Markus Duesmann of Audi said: “We will…
Airbus SE (EPA: AIR) said on Friday that its monthly jet deliveries came in the highest in September this year. It, however, didn’t log new sales as the Coronavirus pandemic continues to weigh on the global demand for air travel resulting in unprecedented levels of cash burn for airlines.
The world’s largest inter-dealer broker, TP ICAP plc (LON: TCAP) said on Friday that it will acquire Liquidnet (electronic trading network) for £441 million to £537 million. Originally, the company wanted to buy Liquidnet for £460 million, as per its bid in September. TP ICAP also expressed plans of…
British Land Company plc (LON: BLND) expressed confidence on Friday that signs of recovery in tenant performance and rent collection were evident in the fiscal second quarter after months of disruptions due to the Coronavirus pandemic that has so far infected more than half a million people in the…
In an announcement on Friday, the London Stock Exchange Group (LON: LSE) said it had struck a £3.84 billion deal with Euronext to sell Borsa Italiana. LSE had revealed to have started exclusive discussions with Euronext to sell Milan arm in September. Shares of the LSE Group closed the…
In an announcement on Thursday, CMC Markets plc (LON: CMCX) expressed confidence that its full-year net operating income will match the upper end of the present market forecast. The company said that trading remained robust this year due to the Coronavirus pandemic that stirred volatility in the financial markets.
Unite Group plc (LON: UTG) said on Thursday that its property portfolio posted a 0.7% annualised growth in terms of valuation in the fiscal third quarter, attributed to the state-backed stimulus measures to combat the COVID-19 crisis. It also warned that its rental income is likely to see a…
Hargreaves Lansdown plc (LON: HL) said on Thursday that its revenue in the fiscal first quarter came in higher than last year. The company also boasted its assets under administration to have posted an annualised growth despite the Coronavirus disruptions. Hargreaves Lansdown was reported more than 2.5% down in…
In an announcement on Thursday, EasyJet plc (LON: EZJ) said it expected to conclude the current financial year in loss. The company also resorted to cancelling its dividend to cushion the economic blow from COVID-19. EasyJet closed three of its bases in the UK as the Coronavirus pandemic…
