26 May 2021 | 09:11am
StockMarketWire.com - Execution software provider i-nexus Global reported narrower first-half losses as cost cuts offset a decline in revenue. For the six months ended 31 March 2021, pre-tax losses narrowed to £0.43 million from £2.16 million, while revenue fell to £2.01 million from £2.27 million.
The losses were reduced significantly as a result of last year s cost control exercise, the company said. Our strategic focus continues to be on growing repeatable, incremental sales, while operating within our financial means, it added.
At 9:11am: [LON:INX] Inexus Global Plc Ord 10p share price was 0p at 5.5p
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8 March 2021 | 07:28am
StockMarketWire.com - Insurance company Phoenix posted a large rise in annual profit after higher premium revenue and lower expenses helped offset fall in investment income.
Pre-tax profit for the year through December jumped to £1.27 billion, up from £351 million year-on-year.
Gross written premium climbed 17% to £4.71 billion and was boosted by the acquisition of ReAssure
Phoenix generated cash of £1.7 billion, above the upper end of its £1.5 billion-to-£1.6 billion target range.
The company declared a 3% rise in its final dividend to 24.1p per share, bringing the full-year payout to 47.5p per share, up 1.5% year-on-year. 2020 was a landmark year for Phoenix during which we completed the acquisition of ReAssure and became the UK s largest long-term savings and retirement business, chief executive Andy Briggs said.
8 March 2021 | 08:41am
StockMarketWire.com - UK stocks opened higher on Monday after the US Senate passed a $1.9 trillion stimulus package and oil prices rose due to attacks on facilities in Saudi Arabia.
At 0828, the benchmark FTSE 100 index was up 29.98 points, or 0.5%, at 6,660.50.
BP gained 1.8% to 324.44p and Shell gained 1.8% to £15.76 after Brent crude rose above $70 a barrel.
Educational publisher and services group Pearson shed 2.7% to 739.8p, even as it posted a rise in annual profit owing to the sale of a stake in publisher Penguin Random House and lower restructuring charges.
Pearson s underlying earnings, however, fell after the pandemic led to school closures and disrupted exam schedules. The company held its annual dividend steady at 19.5p per share.