UK news

Shares of ICU Medical Inc (NASDAQ: ICUI) jumped 35% on Wednesday morning as the California-based company said it will buy Smiths’ medical division for $2.4 billion. Smiths Group plc (LON: SMIN) is also up about 4.0% in the stock market today. ICU trumped a previous offer from TA…

American payment giant PayPal has launched its crypto service in the UK, allowing Brits to purchase, sell, and hold a range of cryptocurrencies. A report unveiled this news earlier today, citing an announcement from the company. Reportedly, this launch marks the first international expansion of PayPal’s crypto product, which went…

Antofagasta plc (LON: ANTO) noted an annualised growth in its profit and revenue in the fiscal first half on Thursday. Shares of the company, however, tanked about 5% this morning as the mining company slashed its forecast for copper production this year.   Full-year guidance for copper production Antofagasta…

Taylor Wimpey plc (LON: TW) said on Wednesday it concluded the fiscal first half in profit. The housebuilder also expressed confidence that its full-year operating profit will beat consensus expectations. Shares of the company were more than 5.0% up on Wednesday morning. H1 financial performance Taylor Wimpey reported £287.5…

British Petroleum (LON: BP) announced a $1.40 billion share repurchase for the third quarter on Tuesday and raised its dividend to 5.46 cents per share as earnings exceeded expectations in Q2. BP now expects a 4% increase in annual dividend through 2025 and roughly $1 billion of stock buyback…

HSBC Holdings plc (LON: HSBA) said on Monday its pretax profit in the first half climbed by more than 100% on a year over year basis. Its financial performance saw a $700 million boost from credit reserve releases. Shares of the financial services firm were up about 1% on…

Barclays plc (LON: BARC) said on Wednesday its pre-tax profit topped expectations in the second quarter and also surpassed levels seen in 2019 before the pandemic. The British multinational resumed dividends and expressed plans of announcing another share repurchase programme. Barclays’ Q2 financial performance Barclays reported £2.58 billion of…

Reckitt Benckiser Group plc (LON: RB) tanked nearly 10% in the stock market on Tuesday morning as the consumer goods company said higher costs weighed on its revenue in the fiscal first half. Consequently, it swung to a pre-tax loss in H1. H1 financial performance Reckitt Benckiser reported £1.94…

Ryanair Holdings plc (LON: RYA) reported a wider than expected net loss for the fiscal first quarter on Monday. The budget airline said signs of improvement were evident in Q1, but there was still a lot of room to cover before it returns to pre-pandemic levels. According to CFO…

Vodafone Group plc (LON: VOD) said signs of recovery were evident in the fiscal first quarter after a massive hit from the Coronavirus pandemic as revenue topped the year-ago figure. The company also expressed confidence on Friday that it will meet its full-year guidance. Q1 financial performance Vodafone reported…

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…