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19 February 2021 | 08:08am StockMarketWire.com - Daily Mail and General Trust said it had agreed to sell Hobsons, its EdTech business, in two separate transactions, for approximately US$410 million. Hobsons Naviance and Intersect businesses were being sold to US-based PowerSchool, a provider of K-12 education technology solutions, for approximately US$320m, and were expected to be part of PowerSchool s unified platform, the company said. Hobsons Starfish business, after an internal restructuring where it would be spun-out from the rest of Hobsons, was being sold to EAB, a US-based education company, for approximately US$90 million, it added. The sales were consistent with the company s strategy, with the divestitures increasing the focus of the DMGT portfolio, resulting in the group operating in four sectors, compared to ten in 2016. ....
19 February 2021 | 16:43pm StockMarketWire.com - The FTSE 100 closed up 0.1% at 6,624.02 on Friday despite a currency headwind to its dominant overseas earnings as sterling hit the $1.40 mark By 4.30pm UK time the S&P 500 was up 0.4% to 3,928.94, clawing back a good chunk of yesterday s losses. NatWest reported an operating loss of £351 million for 2020, down from £4.2 billion pre-tax profit last year. The bank said net impairment charges were £3.2 billion and announced it will pay a dividend of three pence per share. Its shares rose 5.2% to 180.2p. Warehouse landlord SEGRO reported a rise in pre-tax profit of 10.8% to £296.5 million for 2020. It said revenue for the year fell to £431.7 million, down from £432.5 million in 2019. ....