4 March 2021 | 09:42am
StockMarketWire.com - Vistry Group has announced an adjusted pre-tax profit of £143.9 million, boosted by strong performance in the second half of 2020.
On a reported basis after exceptional items and amortisation the group made a profit before tax of £98.7m, while the company s focus on cash management resulted in a year end net cash position of £38m.
In its full year results for the 12 month period ending December 31, 2020, the company said it has carried out significant deleveraging which results in a net cash position of £38 million down from the net debt of £357 million at the end of June 2020.
4 March 2021 | 12:04pm
StockMarketWire.com - A return to volatility in the bond markets helped put the FTSE 100 firmly on the back foot by midday, down 1% to 6,605.87.
Investors are concerned inflationary pressures could run out of control as we emerge from the pandemic, with a planned big stimulus package in the US expected to help spur rising prices.
Insurance company Aviva reported a fall in annual profit owing to the impact of Covid-19 and a fall in gross written premiums.
For the year ended 31 December 2020, pre-tax profit fell to £2.57 billion from £3.82 million year-on-year as gross premiums fell to £29.02 billion from £29.71 billion. In spite of the news, its share price rose 2.6% to 393.1p as it announced an exit from its Italian business, the latest in a series of disposals.
12 January 2021 | 08:36am
StockMarketWire.com - UK stocks tracked sideways in early trade on Tuesday as fears about the economic impact of a third nationwide Covid-19 lockdown were tempered by a bevvy of company earnings upgrades.
At 0824, the benchmark FTSE 100 index had inched 2.04 points, or less than 0.1%, lower to 6,796.44.
Home improvement retailer Kingfisher added 3.5% to 289.2p on announcing that it was comfortable with the top end of current market expectations for its annual pre-tax profit as strong demand continued.
House builder Vistry rallied 3.6% to 984.5p, having guided for a full-year profit at the upper end of forecasts and resumption of dividends with a modest final payout.
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