UK news

Saga plc (LON: SAGA) said on Wednesday that its pre-tax loss narrowed significantly in fiscal 2021, attributed to lower costs. The announcement was particularly exciting as the ongoing COVID-19 crisis weighed heavily on the company’s revenue in the recent year. The Coronavirus pandemic has so far infected more than…

British Petroleum plc (LON: BP) said on Tuesday that it is likely to hit the milestone of £25.26 billion in net debt well ahead of schedule in Q1 of the ongoing year, attributed to robust financial performance in recent months and disposal proceeds that it received sooner than expected.

In an announcement on Thursday, Quilter plc (LON: QLT) said it will offload its international business for £483 million to Utmost Group (specialist life assurance company) – a move that will help it expand focus on its wealth management segment in the United Kingdom. CEO Paul Feeney said on…

Next plc (LON: NXT) said on Thursday that its pre-tax profit posted a significant decline in fiscal 2021 due to the ongoing Coronavirus pandemic that pushed its stores into temporarily shutting down. The company, however, expressed confidence that performance will recover considerably in fiscal 2022. Next plc jumped more…

Today, in its eagerly-anticipated market debut, food delivery company Deliveroo listed on the London Stock Exchange via an IPO, and it will trade with the ticker (LON: ROO). Deliveroo has recently been hailed a ‘British tech success’ by Chancellor of the Exchequer, Rishi…

Deliveroo Holdings plc (LON: ROO) shares posted a steep decline of roughly 30% compared to the IPO (Initial Public Offering) price as the food delivery company debuted on the London Stock Exchange on Wednesday. The per-share price tag of 390 pence valued the company at £7.6 billion. On Wednesday,…

A.G. Barr plc (LON: BAG) said on Tuesday that its full-year profit posted a 30.5% decline amidst the ongoing Coronavirus pandemic that weighed on demand. As the health emergency pushed the countrywide pubs into temporarily shutting down, the Cumbernauld-based company saw a sharp decline in sales. The ongoing COVID-19…

Nova Resources raised its bid for KAZ Minerals plc (LON: KAZ) on Friday to £4.02 billion. Minority stakeholders, including CFC Management (Russia-based) and RWC Partners, had previously expressed their displease with the earlier proposals, pushing the group into lifting its offer by 9.0%. KAZ shares jumped a little under…

Aviva plc (LON: AV) said on Friday that it plans on withdrawing from Aviva Poland. The company announced a deal with Allianz SE to offload its entire stake in the Polish unit for £2.14 billion. Allianz SE (ETR: ALV) closed the regular session at £182.19 per share on…

Smiths Group plc (LON: SMIN) said on Friday that its pre-tax profit posted a close to 100% growth in the fiscal first half. The company also expressed confidence that its full-year financial performance will remain in line with market expectations. Chief Executive Andy Reynolds Smith commented on the financial…

Cineworld Group plc (LON: CINE) said on Thursday that it swung to a £2.19 billion loss in 2020 as the Coronavirus pandemic pushed its theatres into temporarily shutting down. The company also expressed plans of increasing its debt ceiling, for which it intends to seek approval from its shareholders…

SIG plc (LON: SHI) said on Thursday that its pre-tax loss widened in 2020 due to COVID-19 disruptions that weighed on its revenue. The company, however, expressed confidence that it will return to profitability later in 2021. The ongoing health emergency has so far infected more than 4.3 million…

Elementis plc (LON: ELM) said on Tuesday that it swung to a loss in 2020 attributed to the ongoing Coronavirus pandemic that weighed on its industrial and consumer segments. The COVID-19 crisis has so far infected more than 4.3 million people in the United Kingdom and caused over 126…

Centamin plc (LON: CEY) said on Monday that its profit in 2020 saw a significant increase as gold prices remained upbeat last year. On the back of its hawkish full-year performance, the London-listed firm reaffirmed its guidance for 2021 as well. Centamin plc opened at 103 pence per share…

Kingfisher plc (LON: KGF) said on Monday that its pre-tax profit in fiscal 2021 posted a significant increase on the back of lower costs that resulted in higher revenue. Kingfisher shares that you can learn to buy online here jumped over 2.5% in premarket trading on Monday and…

In an announcement on Friday, British Airways expressed plans of selling its headquarters building. As the Coronavirus pandemic accelerated a switch to work from home arrangements, the airline said, it was unnecessary for it to hold so much office space. British Airways that is a subsidiary of International Consolidated…

Halfords Group plc (LON: HFD) said on Friday that it will buy Universal Tyre and Autocentres (motoring services provider) for £15 million. Southeast England-based Universal Tyre operates 89 commercial vans and 20 sites that specialise in tyre services. The British firm also offers general car maintenance and repairs. Halford…

NatWest Group plc (LON: NWG) said on Friday that the UK government cut its stake in the company to 59.8% from 61.7%. The insurance holding company said it will buyback £1.1 billion worth of shares from the government at a per-share price of 190.5 pence that matches the price…

J.D. Wetherspoon plc (LON: JDW) said on Friday that it concluded the fiscal first half with a pre-tax loss due to the ongoing COVID-19 crisis that weighed on its revenue. The Coronavirus pandemic has so far infected more than 4.2 million people in the United Kingdom and caused a…

888 Holdings plc (LON: 888) said on Thursday that its pre-tax profit in 2020 posted a significant decline on the back of higher marketing and operating costs. The company, however, expressed confidence that it had started 2021 on a positive note with a record number of customers. 888 Holdings…

National Express Group plc (LON: NEX) said on Thursday that it concluded 2020 with a pre-tax loss due to the COVID-19 restrictions that weighed on its revenue. The Coronavirus pandemic has so far infected more than 4.2 million people in the United Kingdom and caused over 125 thousand deaths.

Capita plc (LON: CPI) announced a restructuring plan on Wednesday that will affect two of its divisions. The company wants to offload more of its non-core businesses as losses expanded further in 2020 due to the ongoing Coronavirus pandemic. Capita shares that you can learn to buy online…