15 April 2021 | 08:34am
StockMarketWire.com - The FTSE 100 opened stronger, extending its upward trajectory, led by a climb in miners following a jump in commodity prices.
At 0814, the benchmark FTSE 100 index was up 21 points, or 0.31%, at 6,961.57.
Rio Tinto, BHP and Anglo American were higher.
AO World rose 1.2% to 321p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
For the year ended 31 March 2021, adjusted EBITDA, or profit before tax, depreciation, amortisation, net finance costs, and other adjusting items, is expected to be in the range £63 million to £72 million, up from £19.6 million and in line with market consensus of about £66 million.
15 April 2021 | 07:19am
StockMarketWire.com - White goods online retailer AO World said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
For the year ended 31 March 2021, adjusted EBITDA, or profit before tax, depreciation, amortisation, net finance costs, and other adjusting items, is expected to be in the range £63 million to £72 million, up from £19.6 million and in line with market consensus of about £66 million.
Revenues increased by 62% to £1.66 billion, with momentum continuing in the fourth quarter.
AO.com, the company s UK website, increased year-on-year revenue by 88% in Q4, and AO.de, its German website, increased full year revenue by 77%.
15 April 2021 | 16:51pm
StockMarketWire.com - The FTSE closed 0.63% higher on Thursday to 6,983.50, extending its upward trajectory in recent days and taking it closer to the psychologically important 7,000-mark, as new US economic data showed a surge in consumer spending.
There were record highs on Wall Street with the S&P 500 and Dow Jones reaching new heights as unemployment claims in the US dropped in March and retail sales surged.
In company news, AO World rose 1.9% to 323.6p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year.
19 January 2021 | 11:58am
StockMarketWire.com - Having made a strong start amid optimism over the US stimulus plan the FTSE 100 lost its way a little by midday to trade up 0.2% at 6,736.23.
With trading due to resume in the US later after yesterday s pause for Martin Luther King Jr Day, futures markets pointed to gains. The changing of the guard at the White House is now within touching distance with president-elect Joe Biden s inauguration set to take place amid tight security tomorrow.
Mining company Rio Tinto dipped 0.5% to £59.43 after it boosted fourth-quarter production and shipments of iron ore from Australia s Pilbara region.
19 January 2021 | 08:43am
StockMarketWire.com - UK stocks opened higher on Tuesday, in line with European and Asian exchanges, as sentiment was buoyed by heightened anticipation of a bumper US stimulus package and Covid-19 vaccine hopes.
At 0826, the benchmark FTSE 100 index was up 39.41 points, or 0.6%, at 6,760.06.
Mining company Rio Tinto added 1.0% to £60.31 after it boosted fourth-quarter production and shipments of iron ore from Australia s Pilbara region.
Fashion retailer Superdry slumped 5.3% to 227.2p, having reported a deeper first-half loss and scrapped its interim dividend, as the pandemic and related store closures disrupted its turnaround attempts.
Credit data provider Experian rose 1.6% to £27.23 after it reported a 10% increase in third-quarter revenue as stronger growth in North America and Latin America helped offset weakness in UK and Ireland.