20 April 2021 | 16:37pm
StockMarketWire.com - The FTSE 100 was down 2% to 6,859.87 by the close on Tuesday as stronger sterling and resurgent concerns about the course of the Covid-19 pandemic globally put a dampener on investor sentiment.
Tobacco stocks remained weak amid reports of US regulatory pressure.
On Wall Street the S&P 500 was down 0.9% at 4,128.07 by 4.30pm UK time.
Sugar-to-clothes retailer Associated British Foods fell 5.7% to £23.21 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.
11 March 2021 | 07:52am
StockMarketWire.com - Specialty chemicals company Elementis delayed its preliminary results for the full year ended 31 December 2020, by one week to 23 March 2021, citing practical challenges of virtual working during lockdown.
The company maintained guidance, provided on 14 January, forecasting adjusted operating profit for 2020 to be between $81 million and £83 million.
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14 January 2021 | 09:13am
StockMarketWire.com - Chemicals company Elementis said it expected to report improved quarterly revenue in the fourth quarter, driven by improved volumes and largely stable pricing.
Overall performance in the quarter the anticipated to be in line with management expectations, helped by tight cost management and supply chain efficiencies, the company said.
For 2020, adjusted operating profit was expected to be $81-to-$83 million.
Looking ahead to 2021, the company said it continued to face temporary demand challenges from Covid-19, particularly in personal care where it expect performance would recover when social and travel restrictions were lifted.
The company said it had made further progress on cutting costs, highlighting $10 million of supply chain cost efficiencies. Its new AP actives plant in India remained on track for mid-2021 start up.