11 March 2021 | 07:24am
StockMarketWire.com - Online trading platform IG reported better-than-expected third-quarter performance and said it was on track to achieve its three-year revenue target in its significant opportunities portfolio by year-end, one year ahead of the target. The continued performance from the significant opportunities portfolio has been remarkable, and we anticipate substantially achieving the revenue target of £160 million one year ahead of plan, the company said.
For the three months to 28 February 2021, revenue grew 65% to £230.3 million year-on-year.
The growth was driven by a combination of sustained elevated levels of trading from IG s existing clients and continued high levels of client acquisition with a record 230,100 clients active in the quarter, representing growth of 60% year over year.
11 March 2021 | 09:52am
StockMarketWire.com - The FTSE 100 was up more than 27 points at 6,752.17, as investors cheered news that the US Congress backed the $1.9 trillion stimulus plan.
Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to Covid costs , despite a rise in sales and revenue for the high street supermarket chain. Its shares dipped 0.5% to 176.2p.
Rolls Royce has said its performance in 2020 has been significantly affected by the COVID-19 pandemic as it reported a fall in revenue to £11.8 billion. It advanced 2.1% to 115.4p.
WPP has said it had a remarkably resilient 2020 as it reported a 9.3% fall in revenue to £12 billion. It advanced 0.9% to 920.6p.
11 March 2021 | 16:36pm
StockMarketWire.com - A strong start to the trading day in the US helped the FTSE 100 erase its lunchtime losses to trade 0.2% higher at 6,736.96 by the close.
At 4.30pm UK time the S&P 500 was up 1.4% to 3,954.48 as yesterday s weaker than expected inflation number and the passing of a big US stimulus package helped boost sentiment.
Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to Covid costs , despite a rise in sales and revenue for the high street supermarket chain. Its shares ticked dipped 1% to 175.25p.
Rolls Royce has said its performance in 2020 has been significantly affected by the Covid-19 pandemic as it reported a fall in revenue to £11.8 billion. It advanced 0.8% to 113.9p.