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17 May 2021 | 12:01pm StockMarketWire.com - Weakness in the mining and banking sectors and strength in sterling as the UK took the next step in its reopening helped put the FTSE 100 under pressure on Monday. By midday the index was down 0.7% at 6,994.01. Technical products and services provider Diploma rallied 7.3% to £29.50, having upgraded its annual outlook thanks to a boost from acquisitions, particularly WCW, and improved underlying trading. Diploma s annual revenue was now expected to be slightly better than 40% ahead of the 2020 financial year, with an increase in its margin towards 19%. Low-cost carrier Ryanair rose 0.6% even as it swung to a €815 million full-year loss after the pandemic hammered global travel markets. ....
17 May 2021 | 16:39pm StockMarketWire.com - On an up and down (and up) day the FTSE 100 ended up erasing earlier losses to trade only slightly lower at 7,032.85. The move, which came as most of the UK eased coronavirus restrictions, came despite a weak start on Wall Street with the S&P 500 down 0.5% to 4,151.47 by 4.30pm UK time. Technical products and services provider Diploma rallied 6.8% to £29.38, having upgraded its annual outlook thanks to a boost from acquisitions, particularly WCW, and improved underlying trading. Diploma s annual revenue was now expected to be slightly better than 40% ahead of the 2020 financial year, with an increase in its margin towards 19%. ....
28 April 2021 | 13:36pm StockMarketWire.com - GlaxoSmithKline recorded £7.4 billion of sales in the first quarter, an 18 per cent drop from the same period in 2020. Turnover was impacted due to Covid-19 disruption but the company s management insists the long-term strategy remains on course. During the quarter, turnover from pharmaceuticals products dropped 12 per cent to £3.9 billion. Turnover from vaccines was also impacted, reflecting government privatisation initiatives. Turnover of £1.2 billion was generated, which was down 32 per cent from the previous year. Despite earnings per share slumping by 32 per cent to 21.5p, total group operating margins were 22.8 per cent. This allowed the pharmaceutical giant to generated net cash flow of £331 million from its operations, versus a outflow of £3 million. ....
11 March 2021 | 09:52am StockMarketWire.com - The FTSE 100 was up more than 27 points at 6,752.17, as investors cheered news that the US Congress backed the $1.9 trillion stimulus plan. Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to Covid costs , despite a rise in sales and revenue for the high street supermarket chain. Its shares dipped 0.5% to 176.2p. Rolls Royce has said its performance in 2020 has been significantly affected by the COVID-19 pandemic as it reported a fall in revenue to £11.8 billion. It advanced 2.1% to 115.4p. WPP has said it had a remarkably resilient 2020 as it reported a 9.3% fall in revenue to £12 billion. It advanced 0.9% to 920.6p. ....