UK news & headlines
Latest breaking stories, features and analysis
- IAG says passenger capacity slid to 78.6% in Q3 due to COVID-19 restrictions.
- The airline holding company's cash operating costs reduced by 54% in Q3.
- IAG will not be able to hit breakeven in terms of cash flow in the fourth quarter.
Latest UK news
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 pushed people into eating at home. Unilever opened about 0.5% up on Thursday and jumped another 0.5% in the next hour. Shares of the company are n...
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 reported about 2.5% up in premarket trading on Wednesday but lost the entire intraday gain on market open. Antofagasta now has a per-share price of...
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 market open on Tuesday but lost the entire intraday gain later on. Including the price action, shares of the company are now trading at £25.66 versus £38.87 per share at...
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% on market open. On a year to date basis, Reckitt Benckiser is now a little under 20% up in the stock market. Confused about choosing a reliable stockb...
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 but recovered the majority of its intraday loss on market open. On a year to date basis, shares of the company are now close...
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 for the full financial year on Friday. Shares of the company closed more than 3% up on Friday at 138 pence per share. On a year to date basis,...
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 events in the upcoming months could weigh on its performance. Shares of the company opened more than 2.5% up on Friday and jumped another...
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, Jupiter Fund Management plc also published its third-quarter trading statement on Friday. For fiscal 2021, J.D. Wetherspoon reported a 15% decline in its comparable sales in the...
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 to cut 2,150 jobs due to new COVID-19 restrictions New restrictions attributed to the COVID-19 crisis, the company added, will result in a sizeable...
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 to 0.5% in premarket trading on Thursday and lost another 1.5% on market open. Including the price action, shares of the company are now exchanging hands at 113 pence...
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 gained another 1.5% on market open. Including the price action, shares of the company are now exchanging hands at £26.50 per share that represents a more tha...
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 premarket trading on Wednesday but slid 3.5% on market open. Pearson plc is now just under 15% down year to date in the stock market. Interested in investing 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. Shares of the company lost 2% on market open on Monday. IAG is now trading at 102 pence per share that translates to a 60% decline year to date...
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 raising £326 million via a rights issue to fund the announced acquisition. Liquidnet currently boasts over 1 thousand buy-side clients. As per the ex...
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 United Kingdom and caused over 42 thousand deaths. British Land closed more than 0.5% up on Friday. Including the price action, shares of the company a...
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 regular session about 0.5% down on Friday. At £88.80, it is now close to 15% up year to date in the stock market after recovering from a low of £58 per share in Ma...
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. Shares of the company closed the regular session about 2% down on Thursday. CMC Markets plc now has a per-share price of 343 pence tha...