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19 February 2021 | 07:49am StockMarketWire.com - Insulation and building envelope business Kingspan reported a rise in profit in 2020, though said the ongoing increase in raw materials would continue and remain a challenge. For the year ended 31 December 2020, pre-tax profit rose to €459.7 million from €454.4 million, while revenue slipped 2% to €4.6 billion. Insulated panels, is largest segment, reported a 4% decline in turnover, paced by a weakness in the second quarter of the year. Free cashflow was up 42% to €479.7 million. 2021 has started well, with performance helped by the strong backlog of activity from last year. Raw material price inflation is a significant ongoing issue to manage, but sentiment across our end markets is positive, the company said. ....
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. ....