Drug Regulatory Authority of Pakistan (DRAP) approved AstraZeneca plc (LON: AZN) COVID-19 vaccine for emergency use in the South Asian country on Saturday. It’s the first vaccine to have received a nod in Pakistan, where the novel flu-like virus has so far infected more than half a million people…
A consumer campaign group lodged a roughly £600 million claim against BT Group plc (LON: BT.A) on Monday that said the telecommunications operator did not compensate fixed-line customers for overcharging. Many of the affected, the lawsuit added, were elderly. BT Group slid close to 1.5% in premarket trading on…
In an announcement on Monday, Centrica plc (LON: CNA) said that CFO Johnathan Ford will exit the role on 31st January. Ford’s tenure as the Chief Financial Officer at the utility company spanned over seven months only. Centrica opened a little under 2% down on Monday and slid another…
Ashmore Group plc (LON: ASHM) said on Friday that its assets under management (AUM) saw a 9% annualised growth in the fourth quarter of 2020. The company valued its total AUM at £68.06 billion at the end of the year. Ashmore Group was reported more than 2% up in…
In an announcement on Friday, Meggitt plc (LON: MGGT) said that its full-year results are likely to come in line with the guidance. The company expressed confidence that COVID-19 vaccination programs will help fuel demand for air travel and consequently for its aerospace-related components and sub-systems in 2021. But…
Halfords Group plc (LON: HFD) said on Thursday that its sales jumped 11.5% in the fiscal third quarter of 2020. The company attributed the increase to the Coronavirus pandemic that accelerated a shift to cycling in the United Kingdom as people avoided public transport in recent months. Halfords jumped…
In an announcement on Thursday, Associated British Foods plc (LON: ABF) said that its revenue saw a significant decline in the first sixteen weeks of the current financial year. The company attributed the decline primarily to its clothing subsidiary, Primark, that remained under pressure due to the newly imposed…
Dunelm Group plc (LON: DNLM) said on Thursday that sales remained strong in the Christmas period resulting in an 11.8% annualised growth in the fiscal second quarter as a whole. The company, however, acknowledged that impact of the ongoing Coronavirus pandemic and said that the related uncertainty makes it…
Tesco plc (LON: TSCO) said on Thursday that trading remained robust during the Christmas period. In the six weeks that concluded on 9th January, the retailer reported an 8.1% annualised growth in its UK comparable sales. For the fiscal third quarter as a whole, Tesco’s like-for-like sales came in…
IHS Markit Ltd. (NYSE: INFO) said on Wednesday that its adjusted profit in the fiscal fourth quarter topped analysts’ expectations. Revenue in Q4, however, came in line with what experts had forecast. The American-British information provider said that a few of its end markets that took a hit due…
In an announcement on Wednesday, ASOS plc (LON: ASC) said that trading remained robust during the Christmas period. The company also raised its guidance for profit but warned of a £15 million hit due to the post-Brexit tariffs. ASOS opened about 4% up on Wednesday. It is now trading…
Persimmon plc (LON: PSN) said on Wednesday that its revenue in 2020 came in 9% lower on a year over year basis. The company warned that the new variant of the Coronavirus is likely to hurt UK’s housing market in the upcoming months. With Prime Minister Boris Johnsons’ government…
PageGroup plc (LON: PAGE) said on Wednesday that its profit in the fiscal fourth quarter came in 20% lower than last year due to the ongoing Coronavirus pandemic that pushed businesses into freezing new hiring to cut costs. According to the British recruiter, it was unable to give guidance…
In a report on Tuesday, Robert Walters Group (LON: RWA) said that its net fees in the fiscal fourth quarter came in 24% lower on a year over year basis. The company, however, expressed confidence that performance in Asia Pacific – its largest market – showed significant improvement in…
Kingfisher plc (LON: KGF) said on Tuesday that its sales in the fiscal fourth quarter saw a significant increase on the back of higher demand for DIY (do-it-yourself) projects amidst the ongoing Coronavirus pandemic that continues to keep people restricted to their homes. Kingfisher shares jumped roughly 2.5% in…
Global Infrastructure Partners said on Monday that it struck a deal to acquire Signature Aviation plc (LON: SIG) for £3.43 billion. The investment fund trumped buyout proposals from rivals, including Carlyle and Blackstone. Signature’s spokesman commented on the news on Monday and said: “Nothing precludes either Blackstone and…
EasyJet plc (LON: EZJ) signed a new five-year loan facility late on Friday valued at £1.39 billion, backed partially by the British government in a bid to shore up finances amidst the ongoing Coronavirus pandemic that continues to wreak havoc on the airline industry. EasyJet shares opened close…
Royal Mail plc (LON: RMG) named Simon Thompson as its new Chief Executive Officer for its UK business on Monday. The retail industry veteran has formerly worked at several world-renowned companies, including WM Morrison, Ocado, Apple Inc, Honda, Motorola, and HSBC. Royal Mail shares opened about 1% down…
JD Sports Fashion plc (LON: JD) expressed confidence on Monday that its annual profit will surpass market expectations on the back of robust digital sales amidst the ongoing Coronavirus pandemic. Market expectations for its full-year profit currently stand at £295 million. For the 22 weeks that concluded on 2nd…
Moderna Inc. (NASDAQ: MRNA) said on Friday that it secured emergency use authorisation from the United Kingdom’s medicines’ regulator for its COVID-19 vaccine. It is the third vaccine that received a green light from Britain. The first two were AstraZeneca’s that the British-Swedish pharmaceutical giant developed in collaboration with…
Mitchells & Butlers plc (LON: MAB) expects the newly imposed countrywide lockdown in the United Kingdom to weigh on its business in the upcoming weeks. In a bid to combat the economic impact of the COVID-19 restrictions, the company said that it was considering a capital raise to shore…
In a statement on Wednesday, Topps Tiles plc (LON: TPT) warned that the newly imposed countrywide lockdown in England to combat the ongoing Coronavirus pandemic was likely to hurt its sales in the upcoming months and weigh on margins. The COVID-19 crisis has so far infected more than 2.7…
Greggs plc (LON: GRG) said on Wednesday that the decline in its sales attributed to the ongoing Coronavirus pandemic lost pace in recent months. The company, however, warned that its profit was unlikely to return to the pre-COVID-19 levels before 2022. Greggs was reported more than 1% up in…
Informa plc (LON: INF) said on Wednesday that its annual profit is expected to see an over 70% decline in 2020 due to the COVID-19 crisis that weighed on the industry at large. The company said that the ongoing pandemic pushed it into postponing or cancelling hundreds of global…
AstraZeneca plc (LON: AZN) confirmed on Tuesday that it had sold commercial rights to its drug for hypertension management for £294.44 million to Cheplapharm Arzneimittel GmbH. AstraZeneca is almost flat on average on the intraday chart. At £74 per share, the stock has recovered significantly compared to the low…
