14 April 2021 | 07:42am
StockMarketWire.com - Gambling and broadcasting technology group Quixant swung to a full-year loss after the pandemic hurt the casino sector.
Pre-tax losses for the year through December amounted to $2.0 million, compared to a year-on-year profit of $9.4 million. Revenue droppped 31% to $63.8 million.
Adjusted pre-tax profit tumbled to $1.3 million, down from $10.7 million.
Quixant declared a full-year dividend of 2p per share, citing confidence in its prospects. Considering that our key global gaming market was so materially impacted in 2020 due to the pandemic, I believe that to report an adjusted profit before tax and an improvement in our net cash position from 2019 is a remarkable achievement, chief executive Jon Jayal said.
1 April 2021 | 12:22pm
StockMarketWire.com - The FTSE 100 was up 0.5% to 6,745.29 ahead of the Easter break as investors backed shares which will benefit from the reopening plan which is set to gather pace in the UK in April.
Clothing retailer Next has jumped 4.1% to £81.92 after it posted a 15% fall in full price sales for 2020/21 and pre-tax profit of £342 million, in line with guidance but said online sales growth is set to continue.
In the first eight weeks of the 2021/22 year, Next said its online sales have been stronger than expected and has raised its central profit guidance by £30 million from £670 million to £700 million for 2021/22.
Share price
1 April 2021 | 07:28am
StockMarketWire.com - Clothing retailer Next has posted a 15% fall in full price sales and pre-tax profit in line with guidance as most of its stores remained closed for a significant portion of 2020/21 and forecast that the shift in consumer behaviour towards online sales is set to continue.
The retailer reported total group sales decreased by 15% to £3.6 billion in the year ending January 2021, and pre-tax profit of £342 million, down from £729 million in 2019/20, in line with the central guidance issued in its January 2021 trading statement.
It reduced net debt during the year to £610 million, from £1.1 billion the previous year.
1 April 2021 | 08:47am
StockMarketWire.com - A 2.2% increase in the National Minimum Wage to £8.91 has put a spring in the FTSE 100 on opening ahead of the long Easter weekend.
The rise in the minimum wage, which will apply to two million workers, although those on furlough are set to miss out, has lifted the FTSE 100 0.3% at 6,734.74, while the FTSE 250 is 0.4% higher at 21,601.77.
Clothing retailer Next has jumped 4.1% to £81.92 after it posted a 15% fall in full price sales for 2020/21 and pre-tax profit of £342 million, in line with guidance but said online sales growth is set to continue.
In the first eight weeks of the 2021/22 year, Next said its online sales have been stronger than expected and has raised its central profit guidance by £30 million from £670 million to £700 million for 2021/22.
1 April 2021 | 16:37pm
StockMarketWire.com - The FTSE 100 was up 0.4% to 6,737.30 amid optimism over a reopening of the UK economy.
By 4.30pm UK time the S&P 500 in the US moved above 4,000 for the first time as it marked a new record high, gaining 0.9%.
Clothing retailer Next has jumped 3.2% to £81.14 after it posted a 15% fall in full price sales for 2020/21 and pre-tax profit of £342 million, in line with guidance but said online sales growth is set to continue.
In the first eight weeks of the 2021/22 year, Next said its online sales have been stronger than expected and has raised its central profit guidance by £30 million from £670 million to £700 million for 2021/22.