Shares of Avast Plc (LON:AVST – Get Rating) dropped 0.6% during trading on Wednesday . The stock traded as low as GBX 561 ($7.36) and last traded at GBX 562 ($7.37). Approximately 1,036,212 shares traded hands during trading, a decline of 80% from the average daily volume of 5,100,427 shares. The stock had previously closed […]
Full-year revenue is expected to grow around 8%, which is the upper end of guidance
Avast PLC (LON:AVST) said it is trading in line with expectations while the disposal of the Family Safety mobile business was completed last week.
The cybersecurity specialist said the sale will be “modestly” earnings dilutive and will benefit reported growth rates over the balance of the year.
It now expects full-year revenue to grow around 8%, which is the upper end of guidance, with the Consumer Indirect segment revised to 1-2% growth.
Due to continued research and development and marketing investment, which will mostly be in the second half, adjusted underlying (EBITDA) will remain broadly flat compared to 2020.
FTSE 100 closes 2% lower as coronavirus concerns hit sentiment
Britain s blue-chip index finished down 140 points, or 2%, at 6,859 InterContinental Hotels among the day s fallers
FTSE 100 closes down 2%
Tobacco firms under pressure
5.05pm: FTSE in the red
FTSE 100 closed firmly in the red on Tuesday as coronavirus (COVID-19) fears continued to dampen investor sentiment, while the strong pound didn t help the internationalised share index.
Britain s blue-chip index finished down 140 points, or 2%, at 6,859. FTSE 250 also fell, shedding over 382 points, or 1.7%, at 22,108. European markets have been hit hard today, with rising global coronavirus cases serving as a timely reminder that the pandemic is far from over despite recent vaccination progress, said Joshua Mahony, senior market analyst at trading group IG.
20 April 2021 | 12:13pm
StockMarketWire.com - The FTSE 100 slumped heavily by lunchtime on Tuesday as tobacco stocks fell on US regulatory threats and as the pound continued to rise on UK recovery hopes. By midday the index was down 1.1% to 6,921.16.
Sugar-to-clothes retailer Associated British Foods fell 3.5% to £23.74 having resumed its dividend payment, though at a lower rate, after lockdowns hurt budget fashion chain Primark.
The company s adjusted pre-tax profit for the 24 weeks to 27 February slumped 50% to £319 million and included a 90% drop in adjusted operating profit at Primark.
AB Foods declared an interim dividend of 6.2p per share, down from 12.05p year-on-year.