Ferguson plc (LON: FERG) said on Tuesday that its full-year profit blew past expectations as demand recovered for air conditioning repairs and home improvement at large, after months of inactivity due to the Coronavirus pandemic. The company also acknowledged its cost-cutting measures as it reinstated the dividend on Tuesday.
In an announcement on Tuesday, Pendragon plc (LON: PDG) said that it clawed its way back to profitability in the last two months. For the fiscal first half as a whole, it remained in loss but one that was smaller than expected. Shares of the company remained almost…
Transport for London revoked Uber’s (NYSE: UBER) license to operate in the capital late last year citing safety breaches. After months of legal battle, Uber finally had its license reinstated in London on Monday as a judge rescinded the regulator’s ban on the American ride-hailing service. Last year was…
Chesnara plc (LON: CSN) said on Monday that its solvency position and cash reserves remained undisturbed in the fiscal first half that concluded in June. On the back of robust financial stature, the company decided in favour of raising its dividend on Monday. Chesnara opened about 3.5% up on…
Caesars (NASDAQ: CZR) said on Monday that it was in advanced talks with William Hill plc (LON: WMH) for a potential takeover that values the London-based bookmaker at £2.9 billion. Following the completion of the transaction, the casino operator will get to practice full control over the United…
In an announcement on Monday, Reach plc (LON: RCH) said that digital advertising showed evident signs of recovery in the fiscal third quarter. Consequently, it said that its revenue in Q3 posted an annualised decline of only 15% as compared to a much broader 27.5% decline in revenue in…
Sources confirmed on Friday that Premier Oil plc (LON: PMO) is seeking an extension on a waiver from its debt holders beyond 30th September on its borrowing terms. In the meantime, the company plans on getting the majority of its creditors (75% at least) to vote in favour of…
In an announcement on Friday, Pennon Group plc (LON: PNN) said its fiscal first-half performance continued to match its internal expectations. Shares of the company jumped about 2% in the morning session. Including the price action, Pennon Group is now trading at £10.45 per share versus £10.26 per share…
Allergy Therapeutics plc (LON: AGY) said on Wednesday that sales growth in the next financial year was likely to remain flat as COVID-19 restrictions continue to make people avoid visits to the clinic. The novel flu-like virus has so far infected more than 400 thousand people in the United…
Halma plc (LON: HLMA) said on Wednesday that its adjusted profit is likely to see a 5% to 10% annualised decline in fiscal 2021. The company, however, expressed confidence that signs of recovery were evident in its negative revenue trends in recent months. According to Halma, its guidance for…
LoopUp Group plc (LON: LOOP) published hawkish financial report for the fiscal first half on Wednesday on the back of the Coronavirus pandemic that pushed companies into resorting to work from home arrangements. Consequently, demand for LoopUp’s remote working services, including conference call remained strong in H1. Earlier in…
In an announcement on Wednesday, SSP Group plc (LON: SSPG) said that signs of recovery were evident in weekly sales after it reopened a few of its stores for the public as the government eased COVID-19 restrictions. For the second half as a whole, however, the company still forecasts…
In an announcement on Tuesday, Close Brothers Group plc (LON: CBG) said it concluded its fiscal 2020 with significantly lower profit than last year. The company attributed its dovish performance to impairment charges and reduced interest margins. Despite lower profit, the company’s board decided in favour of declaring 40…
Whitbread plc (LON: WTB) expressed plans of slashing its workforce by 6 thousand jobs on Tuesday due to the Coronavirus pandemic that continues to weigh on the global travel and hospitality sector. The announcement comes just when the state-backed job support scheme is coming to an end. Shares of…
In an announcement on Tuesday, A.G. Barr plc (LON: BAG) said its pre-tax profit in the fiscal first half came in lower on a year over year basis. The company attributed the decline to the Coronavirus pandemic that hurt its sales in H1. COVID-19 has so far infected more…
Kingfisher plc (LON: KGF) said on Tuesday that its profit in the first six months of fiscal 2021 came in higher than the same period last year. The company said that demand for home improvement in recent months showed resilience as people spent more time at home due to…
Sources confirmed on Monday that Royal Dutch Shell (LON: RDSA) will slash oil and gas production costs by up to 40% to shore up finances. The saved money, as per the sources, will be directed at business overhaul as Shell commits to expanding its footprint in renewable energy and…
HSBC Holdings plc (LON: HSBA) and Standard Chartered plc (LON: STAN) tumbled in the stock market on Monday to the levels last seen in 1998 on media reports that the two banks along with others, including Deutsche Bank and Barclays, engaged in moving enormous amounts of allegedly illicit…
Superdry plc (LON: SDRY) said on Monday that it concluded fiscal 2020 with a broader pre-tax loss than expected due to the Coronavirus pandemic that has so far infected more than 394,000 people in the United Kingdom and caused over 41 thousand deaths. Superdry plc remained flat in premarket…
Informa plc (LON: INF) lowered its guidance for annual revenue on Monday as the Coronavirus pandemic disrupted operations and pushed it into a pre-tax loss in the fiscal first half. The company also warned that it was likely to breach its private placement debt in the United States. …
According to Financial Times, Rolls Royce Holdings plc (LON: RR) is considering boosting its liquidity by about £2.5 billion on Saturday. The company, the report added, was holding discussions with investors, including Singapore’s GIC, and other sovereign wealth funds. Rolls Royce closed the regular session on Friday at 180…
Oxford Biomedica (LON: OXB) published its financial results for the fiscal first half on Thursday that highlighted a 6% annualised growth in its revenue to £34 million. In the same period last year, it had recorded a lower £32.1 million of revenue. The gene and cell therapy company said…
In an announcement on Thursday, Hilton Food Group plc (LON: HFG) reported a 38.6% growth in its revenue in the fiscal first half. The company attributed the increase to the Coronavirus pandemic that fuelled a trend of at-home dining in recent months. Shares of the company are currently 1%…
IG Group Holdings plc (LON: IGG) said on Thursday that its revenue in the fiscal first quarter reported growth as the Coronavirus pandemic continues to fuel uncertainty in the global economy that resulted in increased volatility and consequently higher trading volumes in recent months. IG Group opened its…
Next plc (LON: NXT) said on Thursday that it concluded the fiscal first half in loss attributed to COVID-19 disruptions. The company, however, expressed confidence that performance will pick up significantly in the upcoming months as it raised its guidance for the full fiscal 2021. Next plc remained almost…
