12 May 2021 | 16:42pm
StockMarketWire.com - Despite a slump on Wall Street as US prices rose faster than expected in March the FTSE 100 made good progress on Wednesday, trading 0.8% higher to just regain the 7,000 mantle.
By 4.30pm UK time the S&P 500 in the US was down 1.2% at 4,101.69.
UK sentiment was buoyed by stronger-than-anticipated economic data, with British gross domestic product falling 1.5% in the first quarter, beating expectations of a 1.6% drop.
Alcoholic drinks maker Diageo gained 3.4% to £32.99, on announcing that it would initiate the second phase of £4.5 billion capital return program, but extend its duration by two years to 30 June 2024.
The welcome move came as Diageo forecast organic operating profit growth to be at least 14% in its current financial year, slightly ahead of organic net sales growth.
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.
13 January 2021 | 16:35pm
StockMarketWire.com - By the close the FTSE 100 was more or less flat, recovering its losses from earlier in the day as stocks started higher on Wall Street.
By 4.30pm UK time the S&P 500 was up 0.2% to 3,809.47 with a debate in the House of Representatives on an impeachment of US president Donald Trump drawing focus.
Food delivery company Just Eat Takeaway dropped 4.3% to £86.82 after it forecast a 10% annual adjusted earnings margin, citing significant investment and a preference for market-share gains over earnings.
Just Eat Takeaway said its expected annual revenue growth of more than 50% following a 57% leap in fourth-quarter orders.