FTSE 100 surges as bond concerns ease | 8 March 2021
FTSE 100 surges as bond concerns ease
Source: stockmarketwire.com
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FTSE 100 edges into the black by lunch amid market tensions | 8 March 2021
8 March 2021 | 12:10pm StockMarketWire.com - The FTSE 100 was up 0.2% to 6,644.30 by midday, amid volatility in the oil price after attacks on Saudi Arabian facilities over the weekend and continuing nervousness about inflation. Educational publisher and services group Pearson gained 5.5% to 801.6p as it posted a rise in annual profit owing to the sale of a stake in publisher Penguin Random House and lower restructuring charges. Pearson's underlying earnings, however, fell after the pandemic led to school closures and disrupted exam schedules. The company held its annual dividend steady at 1...
Source: stockmarketwire.com
Direct Line lines up £100m share buyback; annual profit falls on weather-related claims | 8 March 2021
8 March 2021 | 07:59am StockMarketWire.com - Insurance company Direct Line Insurance announced a £100 million share buyback programme. The company also reported a fall in annual profit amid major weather-related claims and one-off costs. For the year ended 31 December 2020, pre-tax profit fell by £58.3 million to £451.4 million as gross written premiums fell 0.7% to £3.18 billion. Major weather costs increased to £43.0 million from £6.0 million. The combined operating ratio rose to 90.3% from 86.9% due to a reduction in prior-year reserve releases. The final dividend proposed of...
Source: stockmarketwire.com