Orch L News Today

1 March 2021 | 08:39am StockMarketWire.com - UK stocks opened substantially higher on Monday after Johnson & Johnsons single-dose Covid-19 vaccine was approved for use in the US. At 0823, the benchmark FTSE 100 index was up 104.78 points, or 1.6%, at 6,588.21. The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market. Sentiment also was being buoyed by optimism US lawmakers will soon push through a huge stimulus package. In lo...

1 March 2021 | 07:54am StockMarketWire.com - Newspaper publisher Reach reported a steep fall in annual profit as print sales continued to slump amid the pandemic, though it reinstated its dividend citing its growth prospects. Pre-tax profit for the year to 27 December plunged to £0.4 million, down from £120.9 million year-on-year. The publisher of the Daily Mirror and Daily Express said its revenue had slipped 15% to £600.2 million, with an 11% rise in digital sales more than offset by a 19%...

1 March 2021 | 11:54am StockMarketWire.com - The FTSE 100 was up 1% to 6,550.74 by midday after the big recent sell-off in the bond market eased. US futures pointed to a rebound on Wall Street too. Other positive drivers for the FTSE included the launch of a new Covid vaccine and progress towards passing a big US stimulus package. The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market. Halfords, a motoring and cycling produ...

Pre-budget optimism and calmer bond market lift FTSE

22 February 2021 | 09:44am StockMarketWire.com - Insurance premium finance specialist Orchard Funding said its first-half lending volumes had dropped 21% amid a drop in demand. Lending for the six months through January had fallen to £30 million, down from £37.9 million year-on-year, as expected. Revenue for the first half is expected to be broadly in line with expectations, while costs have remained stable, the company said. Whilst the board is confident of the long-term prospects of the gr...

Reach expects profits to beat market expectations

8 January 2021 | 11:59am StockMarketWire.com - The FTSE 100 was just about on course to end the week on a high point by Friday lunchtime. By midday the index was up a handful of points up 6,863.57, extending its stellar start to 2021. Wall Street stocks hit record highs on Thursday after Congress confirmed Joe Biden as the winner of the presidential election, boosting hopes for additional economic stimulus. US futures suggested this momentum would be sustained when trading resumes later. Asian ...