12 May 2021 | 08:41am
StockMarketWire.com - UK stocks opened higher on Wednesday, recouping a portion of Tuesday s heavy losses, as local companies continued to release upbeat earnings updates as lockdowns ease.
At 0830, the benchmark FTSE 100 index was up 38.72 points, or 0.6%, at 6,986.71.
Sentiment also 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 3.1% to £32.875, 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.
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.
26 April 2021 | 07:31am
StockMarketWire.com - Digital transformation consultancy The Panoply said annual trading was strong and ahead of its recently upgraded expectations.
The Panoply said it expected to post adjusted earnings before interest, tax, depreciation and amortisation for the year through March of at least £6.9 million, an increase of about 79% year-on-year.
Alongside the impact of three acquisitions, the company said its results would show like-for-like organic revenue growth above the its stated objective of 10-15%. The group ends the year with £39 million backlog for the 2020 financial year and a strong pipeline that supports further organic growth in line with its stated objectives, the Panoply said.