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23 February 2021 | 08:45am StockMarketWire.com - UK stocks opened higher on Tuesday, even as the unemployment rate rose, as some large local companies released mixed earnings results. At 0827, the benchmark FTSE 100 index was up 21.22 points, or 0.3%, at 6,633.46. The rise marked a continuing of upward momentum from Monday afternoon after Prime Minister Boris Johnson unveiled a blueprint for lifting Britain s Covid-19 lockdowns The UK unemployment rate rose to 5.1% in the three months through December, as expected, up from 5.0% previously. Banking giant HSBC fell 1.9% to 423.6p as it reported a 34% drop in annual profit owing to higher credit losses and lower interest rates. ....
19 January 2021 | 11:58am StockMarketWire.com - Having made a strong start amid optimism over the US stimulus plan the FTSE 100 lost its way a little by midday to trade up 0.2% at 6,736.23. With trading due to resume in the US later after yesterday s pause for Martin Luther King Jr Day, futures markets pointed to gains. The changing of the guard at the White House is now within touching distance with president-elect Joe Biden s inauguration set to take place amid tight security tomorrow. Mining company Rio Tinto dipped 0.5% to £59.43 after it boosted fourth-quarter production and shipments of iron ore from Australia s Pilbara region. ....
19 January 2021 | 08:43am StockMarketWire.com - UK stocks opened higher on Tuesday, in line with European and Asian exchanges, as sentiment was buoyed by heightened anticipation of a bumper US stimulus package and Covid-19 vaccine hopes. At 0826, the benchmark FTSE 100 index was up 39.41 points, or 0.6%, at 6,760.06. Mining company Rio Tinto added 1.0% to £60.31 after it boosted fourth-quarter production and shipments of iron ore from Australia s Pilbara region. Fashion retailer Superdry slumped 5.3% to 227.2p, having reported a deeper first-half loss and scrapped its interim dividend, as the pandemic and related store closures disrupted its turnaround attempts. Credit data provider Experian rose 1.6% to £27.23 after it reported a 10% increase in third-quarter revenue as stronger growth in North America and Latin America helped offset weakness in UK and Ireland. ....
19 January 2021 | 07:47am StockMarketWire.com - Online electrical retailer AO World reported a jump in revenue in the third quarter, as significant demand for its products and services continued to boost growth in the UK and Germany. For the three months ended 31 December 2020, UK revenue jumped 67.2% to £457.3 million and Germany revenue was up 77.4% to €73.6 million. AO World s German business was profitable throughout the quarter, as the company experienced its strongest ever peak trading period over the Black Friday period and in the run up to Christmas. The company said it had incurred significantly higher costs as it negotiated some of the operational challenges of working in a Covid compliant environment, particularly in the reverse supply chain. ....