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12 May 2021 | 08:02am StockMarketWire.com - Motoring services group Redde Northgate upgraded its annual profit guidance following a strong second-half sales performance. Underlying pre-tax profit for the year through April was now expected to be 'moderately above' the top end of the current range of analyst estimates, and not less than £92 million. Underlying revenue, excluding vehicle sales, had risen around 51% year-on-year, with total revenue including vehicle sales up 43%. Redde Northgate said revenue was boosted by the inclusion of Redde since the merger in February last year. 'The seco...

12 May 2021 | 08:41am StockMarketWire.com - UK stocks opened higher on Wednesday, recouping a portion of Tuesday's heavy losses, as local companies continued to release upbeat earnings updates as lockdowns ease. At 0830, the benchmark FTSE 100 index was up 38.72 points, or 0.6%, at 6,986.71. Sentiment also was buoyed by stronger-than-anticipated economic data, with British gross domestic product falling 1.5% in the first quarter, beating expectations of a 1.6% drop. Alcoholic drinks maker Diageo gained 3.1% to £32.875, on announcing that it would initiate the second phase of £4.5 billion ca...