Top UK Stocks to Watch: BHP warns creditors ‘threaten Samarco operations’
Joshua Warner April 12, 2021 8:53 AM
BHP’s Samarco venture takes action to protect itself from creditors, AstraZeneca says its Farxiga drug doesn’t help coronavirus patients, Hammerson is in talks about selling retail parks to Brookfield, and cybersecurity firm Darktrace outlines plans for its London IPO. Share:
Top News: BHP takes action to protect Samarco operations
BHP Group said its Samarco joint venture with Brazilian outfit Vale has filed paperwork for a judicial reorganisation with courts in Brazil in the hopes of resolving multiple legal cases brought against the company by some of its lenders.
Top UK Stocks to Watch: BP to restart buybacks after hitting debt target
Joshua Warner April 6, 2021 8:59 AM
BP lowers debt faster than planned, Homeserve benefits as people improve their homes during lockdown, Oxford Biomedica strikes a supply deal with Boehringer Ingelheim, Tullow Oil launches an important drill campaign in Ghana, and Ryanair and Wizz report traffic statistics. Share:
Top News: BP prepares to launch buyback after reaching debt target
BP said it has achieved its goal of reducing debt earlier than planned after delivering a better-than-expected performance and disposing of several projects, paving the way for it to return cash to shareholders this year.
Top UK Stocks to Watch: Next raises guidance after strong online sales growth
Joshua Warner April 1, 2021 8:40 AM
The outlook for Next improves as it prepares to reopen stores, Mastercard invests in Airtel Africa’s mobile money business, Quilter shareholders are set for a potential windfall after it sells its international arm, and Entain said it will continue to expand into new markets. Share:
Top News: Next ups expectations as it prepares to reopen stores
Next said revenue and profits both plunged during the pandemic as lockdown kept stores closed for most of the year, but said it is hoping to bounce back strongly as it prepares to reopen stores later this month.
Top UK Stocks to Watch: Capita shares rise as it unveils restructuring plan
Joshua Warner March 17, 2021 8:51 AM
Capita hopes to return to growth by streamlining its business, Carnival prepares to restart UK cruises in June, SSP Group launches a rights issue, Serco wins a major new contract in Canada, and BT Group and Vodafone secure more 5G spectrum in Ofcom’s latest auction. Share:
Top News: Capita eyes £700 million of disposals as part of restructuring plan
Capita said it is restructuring its business and selling-off a number of non-core businesses to help get the company back on track after a tough 2020 plagued by the coronavirus pandemic, with hopes of returning to growth this year.
Top UK Stocks to Watch: Greggs eyes recovery after booking first loss in 36 years
Joshua Warner March 16, 2021 8:45 AM
Greggs will continue to open new stores as it hopes to stage a recovery, AstraZeneca expands its deal with the US for its potential coronavirus treatment, Ferguson rewards shareholders after delivering a strong performance, and the FCA launches criminal proceedings against NatWest. Share:
Top News: Greggs to continue expanding after swinging to loss
Greggs said it entered the red for the first time in 36 years in 2020 as sales suffered during lockdown, but said it saw a ‘progressive recovery’ in the second-half and that trading had been better-than-expected since the start of 2021.