UK news

Unilever plc (LON: ULVR)  said on Thursday its pretax profit declined slightly in H1 of 2021 but reiterated its revenue goal. H1 financial performance Unilever reported £3.75 billion of pre-tax profit for the fiscal first half on Thursday that translates to a slight decline from last year’s £3.89 billion.

Tencent Holdings Ltd is set to penetrate further into the global video game space. The Chinese technology giant said on Monday it will buy Sumo Group plc (LON: SUMO) for $1.26 billion. Shares of the British video game holding company were up roughly 40% on Monday.  Tencent’s offer marks…

SThree plc (LON: STEM) reported an annualised growth in its H1 pre-tax profit and revenue on Monday, as easing COVID-19 restrictions saw companies resuming hiring in recent months. The British firm also said that momentum has sustained so far in the third quarter and expressed confidence that its financial…

Invezz is proud to financially support the Electronic Frontier Foundation (EFF) and believes its mission of advocating for individual privacy and online security is a worthy cause. What is EFF? The EFF was created in 1990 in reaction to the US Secret Service’s response to the distribution of an…

Jon Cunliffe, the Deputy Governor of the Bank of England (BoE), has come out to disclose that cryptocurrencies do not pose an immediate threat to financial stability. Cunliffe unveiled this news during an interview on July 14, saying the crypto sector is not big enough to…

Philip Morris International Inc (NYSE: PM) said on Friday it will buy Vectura Group plc (LON: VEC) for £1.05 billion as part of its push to expand its products portfolio beyond nicotine. The Marlboro cigarette maker’s deal translates to 150 pence per share in cash for Vectura stockholders…

Robert Walters plc (LON: RWA) said on Wednesday its net fee income jumped 25% in the second quarter as governments continued to ease COVID-19 restrictions giving companies confidence to increase hiring. In the prior quarter (Q1), its net fee income had slid 12%. Robert Walters’ raises guidance for…

More than 80% of institutional investors and wealth managers from the US, UK, France, Germany, and the UAE who are currently exposed to digital assets, including cryptocurrencies, anticipate increasing their exposure through 2023, a survey cited by Institutional Asset Manager reveals. In what could be considered a bullish sign for…

J Sainsbury plc (LON: SBRY) reported an increase in its Q1 comparable retail sales on Tuesday. The £6.28 billion company also raised its full-year guidance. Shares of the company were more than 0.5% up on Tuesday morning. Sainsbury’s sales in the first quarter Sainsbury attributed its upbeat sales primarily…

Apollo Global Management expressed plans of hopping onto the battle for WM Morrisons Supermarket plc (LON: MRW) on Friday after it failed to acquire peer Asda last year. Morrisons shares opened about 12% up on Monday and remained almost flat throughout the day. Morrisons currently stands at the fourth…

Virgin Galactic Holdings Inc. (NYSE:SPCE) shares popped more than 25% on Thursday after markets closed. The company confirmed initial reports to launch a spacecraft carrying founder Sir Richard Branson on 11th July. Branson’s flight to space comes barely a week before fellow…

The Bank of England has begun evaluating the potential of a central bank-issued digital currency (CBDC). A report unveiled this news on July 1, citing Rishi Sunak, the Chancellor of the Exchequer of England, who shared his views on digital currencies in his Mansion House 2021…

Crest Nicholson Holdings plc (LON: CRST) said on Thursday it returned to profit in the fiscal first half. The company expressed confidence that the housing market will keep resilient after the stamp duty deadline of 30th September. Crest Nicholson forecasts at least £100 million of full-year adjusted pre-tax profit…

GlaxoSmithKline plc (LON: GSK) said on Wednesday its consumer healthcare business will be spun off into a separately listed company. The demerger that was originally announced in December 2018 will eventually result in an $11 billion payment for GSK. Following the separation scheduled for mid-2022, GlaxoSmithKline will focus on…

Berkeley Group Holdings plc (LON: BKG) published its full-year financial results on Wednesday that topped analysts’ estimates. In his statement on Wednesday, CEO Rob Perrins said: “Today’s strong results reflect the consistent and focused application of Berkeley’s uniquely long-term business model, the quality of the homes and places…

DS Smith plc (LON: SMDS) said on Tuesday its pre-tax profit and revenue declined in fiscal 2021. Momentum, however, picked up in the fourth quarter and has sustained in fiscal 2020 to date. In the first half, the London-based company’s pre-tax profit had tanked 54%. DS Smith opened…

Tesco plc (LON: TSCO) said on Friday its comparable retail sales grew at a slower rate in the first quarter as the COVID-driven boost started to fade. The company, however, kept its full-year guidance unchanged. Tesco’s digital sales climbed by 22% in the first quarter Tesco reported £13.36 billion…

More Brits are starting to see cryptocurrencies as a lucrative investment rather than mere speculation with ownership of cryptos reaching 2.3 million people in the UK in 2021, reported the Financial Conduct Authority (FCA) on Thursday, cited by Reuters. Cryptocurrency viewed less as a gamble Watchdogs like the…

Ashtead Group plc (LON: AHT) said its profit jumped more than 100% in the fourth quarter as the U.S. economy started to reopen after an unprecedented hit from the Coronavirus pandemic. Its revenue also climbed by 23% in Q4. Ashtead Group’s cash flow soars to a record £1.38 billion…

Boohoo Group plc (LON: BOO) said on Tuesday its revenue climbed by 32% in its fiscal first quarter as COVID-19 restrictions started to ease on the back of vaccine rollouts. The company also reaffirmed its outlook for the full year. Boohoo shares tanked about 1.5% on market open on…

SThree plc (LON: STEM) said on Monday its net fees in the second quarter climbed by 22% as the COVID-19 restrictions started to ease and companies resumed new hiring. SThree plc opened about 2.5% up in the stock market on Monday but lost almost half of the intraday gain,…

Ted Baker plc (LON: TED) said on Monday its pre-tax loss widened in fiscal 2021 as the Coronavirus pandemic weighed on sales. Revenue in the first quarter of 2022, it added, was still lagging due to the COVID-19 crisis. Ted Baker tanked 3% on market open on Monday but…