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The pharma giant said the second half will see a boost in performance AstraZeneca PLC (LON:AZN) said the COVID-19 vaccine has delivered sales of US$275mln in the first quarter as it made a bullish statement on its outlook. The pharma giant expects a performance boost in the second half of 2021 as vaccine rollouts and lower infections will reduce the hit of the pandemic on trading. Chief executive Pascal Soriot reiterated full-year guidance for the pharma giant after first-quarter figures were in line with expectations. Total revenue for the year is estimated to jump 11-12%, with core earnings...

Amazon profits treble amid lockdown shopping boom The ecommerce giant also saw net sales rise 44% to over US$100bn in the first quarter as lockdown measures sent consumers flooding to its website Amazon Inc (NASDAQ:AMZN) has capped off Big Tech earnings week with a blockbuster set of quarterly numbers as a boom in online shopping during lockdowns across the world sent profits surging. After Wall Street’s close on Thursday, the ecommerce giant reported that net income had more than trebled to US$8.1bn, or US$15.79 per share, in the three months to March 31 compared with US$2.5bn a year ago,...

The tone, though, was in marked contrast with his remarks in the bank’s first-quarter results statement. Profits more than doubled to £2.4bn as its bad debt charge fell by £2bn, but there was nothing like the bullish tone of the BBC interview. Against a background of 'headwinds' persisting for the year, Staley said: “While evidence of recovery is encouraging, we have continued to take a cautious view of the impact of the pandemic on the business,”  Commentators also highlighted the 10% rise in costs and lower-income across the board while the lack of guidance over a dividend also c...

Quarterly sales were up compared to both 2020, when the first lockdown hit, and 2019 Howden Joinery PLC (LON:HWDN) posted much improved revenues in the UK thanks to increases in prices and volume growth. Revenue climbed 46% on a like-for-like basis in the 16 weeks to 17 April compared to the same period last year, which was impacted by the first COVID-19 lockdown. Compared to 2019, Howden Joinery UK increased revenue by 9%. In continental Europe, sales were up 106% compared to last year and by a fifth compared to 2019. The kitchen designer trades from 751 depots in the UK and 30 depots in con...

Tullow Oil launches US$1.8bn bond offer as it aims to move out maturities Tullow's debt pile stands at around US$2.4bn with just shy of US$1bn presently due in 2021 and 2022. Tullow Oil PLC (LON:TLW) moved closer to a debt reset as it announced it is launching a US$1.8mln bond offer and has been given commitments for a US$600mln ‘super senior’ revolving credit facility. The aim is to extend out maturities in its borrowing, using proceeds of the bond issue to repay reserves based lending and debt coming due later this year and in 2022. Presently, Tullow has US$300mln of bonds with a 6.625%...