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FTSE 100 giants AstraZeneca and Barclays are set to declare first-quarter results on Friday
It has been hard to keep AstraZeneca PLC (LON:AZN) out of the news and it will get further attention on Friday when it releases a first-quarter trading update.
UBS is forecasting total revenues of US$7.07bn, which puts it above the consensus forecast of US$6.95bn.
It goes for a core operating profit of US$2.76bn (consensus: US$2.55bn) and core earnings per share of US$1.54 versus a consensus forecast of US$1.45.
“We expect the COVID-19 vaccine might negatively impact the margin in Q1,” UBS said.
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06:00 Mon 26 Apr 2021
Big-cap bonanza in coming week as oil majors, banks update market; US eyed for Big Tech earnings and Fed
Other companies due in the coming week include Premier Inn owner Whitbread, pharma firms GSK and AstraZeneca, supermarket chain Sainsbury s and consumer goods giant Unilever
The coming week will bring a flood of updates and results from the top end of the market, with the UK’s biggest oil firms and banks all scheduled to report.
It will be a similarly big week over in the US, with quarterly earnings expected from the world’s biggest tech companies as well as the latest interest rates decision from the Federal Reserve.
TRADING UPDATES: UK Oil & Gas annual loss widens on impairments
Fri, 16th Apr 2021 19:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
UK Oil & Gas PLC - London-headquartered exploration and production company - Posts pretax loss for the year ended September 30 last year of GBP20.9 million, widening from GBP5.4 million a year prior. Revenue increases to GBP908,000 from GBP213,000. Books GBP10.7 million impairment expense, up from GBP2,000 the year before. Does not declare a dividend, unchanged from the year prior. I have experienced many oil price downturns in my career, but none have been as unexpected or severe as 2020. Fortunately, the company and industry have been resilient enough to survive and adapt and to witness the hoped for bounce back in oil price. We all hope this will be long lived, says Chief Executive Stephen Sanderson.
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