2 June 2021 | 07:56am
StockMarketWire.com - Mining group Savannah Resource posted a deeper annual loss as it continued to develop its Mina do Barroso lithium project in Portugal and sold its Oman interests.
Pre-tax losses for the year through December amounted to £8.3 million, compared to year-on-year losses of £3.8 million, and included a £5.4 million loss on the discontinued Oman operations.
Cash at year end was £2 million.
A public consultation on the environmental impact assessment for Mina do Barroso was initiated in April.
The key milestone of a declaration of environmental impact was expected later this year, the company said.
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8 March 2021 | 09:55am
StockMarketWire.com - Arrow Global said TDR Capital had sweetened its offer for the company to 307.5 pence a share from 305 pence.
Following the offer, TDR Capital was granted more time until 23 March to make a firm offer or walk away. Discussion between the parties remain ongoing, the company said.
At 9:55am: [LON:ARW] Arrow Global Group share price was 0p at 169.6p
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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.
4 March 2021 | 09:09am
StockMarketWire.com - The FTSE 100 opened down slightly, falling 43.61 points to 6,631.86 as a raft of companies report lacklustre figures for 2020.
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 nearly 4% to 397.9p.
Admiral, meanwhile, reported that annual profit rose by a fifth as claims frequency fell as people drove less during lockdowns. For 2020, pre-tax profit rose to £637.6 million from £522.6 million as turnover grew 2% to £3.55 billion. Its share price, however, fell 1% to £31.19.