10 March 2021 | 08:37am
StockMarketWire.com - UK stocks opened lower on Wednesday after large mining companies were hit by a drop in the price of iron ore.
At 0824, the benchmark FTSE 100 index was down 30.09 points, or 0.5%, at 6,700.25.
BHP fell 2.6% to £21.435 and Rio Tinto fell 4.3% to £55.68.
In corporate news, insurance group Legal & General shed 0.4% to 280.9p, having reported a 15% fall in annual profit driven by pandemic-related claims.
Legal & General held its dividend steady at 17.57p per share.
Food delivery service Just Eat Takeway slipped 0.2% to £68.30 as it posted a deeper annual loss of €147 million after a rise in revenue was offset by higher spending.
10 March 2021 | 16:43pm
StockMarketWire.com - Despite gains for US and European markets the FTSE 100 finished flat on Wednesday as it was dragged lower by resources stocks amid slumping iron ore prices.
The index closed down 4.74 points at 6,725.60 while by 4.30pm UK time the S&P 500 was up 0.7% to 3,901.80.
BHP fell 2.7% to £21.41 and Rio Tinto fell 2.8% to £56.57.
In corporate news, insurance group Legal & General shed 0.1% to 281.6p, having reported a 15% fall in annual profit driven by pandemic-related claims.
Legal & General held its dividend steady at 17.57p per share.
Food delivery service Just Eat Takeway gained 6.1% to £72.62 as it posted a deeper annual loss of €147 million after a rise in revenue was offset by higher spending.
3 March 2021 | 08:42am
StockMarketWire.com - UK stocks opened more than 1% higher on Wednesday as progress on Covid vaccines and US stimulus continued to fuel hopes the global economy was on the mend.
At 0825, the benchmark FTSE 100 index was up 70.78 points, or 1.1%, at 6,684.62.
Insurance company Hiscox tumbled 13% to 856.79p after it swung to a $268.5 million annual pre-tax loss, driven by event cancellation and business interruption claims owing to the pandemic.
Hiscox said it decided not to declare a final dividend, but would consider resuming payments in 2021 when it published interim results.
House builder Persimmon rose 0.3% to £27.17, even as it reported a 25% fall in annual profit and slashed its dividend to 110p per share, after construction markets were battered by the pandemic.