FTSE opens higher as Intercontinental Hotels pleases; HSBC disappoints

UK stocks opened higher on Tuesday, even as the unemployment rate rose, as some large local companies released mixed earnings results.

At 0827, the benchmark...

Tue, 23/02/2021 - 08:45


Anglo American's Kumba Iron Ore reports higher annual profit, forecasts uptick production

Anglo American subsidiary Kumba Iron Ore estimated annual production to improve in 2021, after reporting a rise in annual profit as higher prices offset a...

Tue, 23/02/2021 - 08:19


Frasers warns of more than £100m writedown of assets on lockdown impact

Frasers, formerly Sport Direct, warned of a non-cash writedown of more than £100 million on its asset values including freehold properties owing to the impact...

Tue, 23/02/2021 - 08:06


Intercontinental Hotels swings to annual loss on virus impact

Hotel group Intercontinental Hotels swung to annual loss, driven by a pandemic-led impact to revenue across its markets.

For the year ended 31 December...

Tue, 23/02/2021 - 07:59


Vela Technologies raises £1.5m for investments, working capital

Technology business investor Vela Technologies said it raised £1.5 million from a share placing 'to take advantage of investment opportunities and for general working capital...

Tue, 23/02/2021 - 07:59


Victoria plans €350m bond offering as sales improve

Flooring manufacturer Victoria said it would launch a €350 million corporate bond offering, while issuing a positive trading update.

The company also cited 'favourable market...

Tue, 23/02/2021 - 07:56


McBride profit more than doubles; holds back on dividends

Cleaning product group McBride said its first-half profit more than doubled as demand remained strong amid the pandemic, though it held back on paying a...

Tue, 23/02/2021 - 07:49


G4S says £3.8bn takeover by Allied Universal set for 'positive conclusion'

Security G4S said its £3.8 billion takeover by Allied Universal is set for a 'positive conclusion' after rival bidder Garda World declared that its 235...

Tue, 23/02/2021 - 07:48


Non-Standard Finance plans 'substantial' equity raising as pandemic bites

Sub-prime lender Non-Standard Finance said it was planning a 'substantial' equity raising as the pandemic shrinks the size of its loan book.

Non-Standard Finance said...

Tue, 23/02/2021 - 07:40


HICL on track to deliver dividend target; reaffirms 2022 dividend target

Listed infrastructure investment company HICL said it remained on track to deliver its dividend target as the impact of pandemic lockdowns had 'largely been mitigated.'...

Tue, 23/02/2021 - 07:36


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