Top UK Stocks to Watch: Flutter shares hit new high as it mulls FanDuels IPO
Joshua Warner March 15, 2021 8:50 AM
Flutter considers its options for US unit FanDuel, Deliveroo plans to raise £1 billion through its IPO, DCC buys Worner Medizinprodukte, Ascential struggles during a tough 2020, and Provident shares sink as the FCA investigates its consumer credit business. Share:
Top News: Flutter Entertainment considers spinning-off US business with IPO
Flutter Entertainment shares hit a new all-time high on Monday after revealing it is considering a spinning-off its US business FanDuel with an initial public offering in the US.
Reports broke last week that said Flutter, the owner of Paddy Power Betfair and other gambling brands, was being pushed by some investors to spin-off FanDuel to try and boost its value.
Top UK Stocks to Watch: Burberry ups expectations as sales rebound
Joshua Warner March 12, 2021 8:58 AM
Burberry sales return to growth, JD Sports buys MIG to expand in Europe, Bodycote maintains its track record for dividend growth, Hammerson reports record falls in rental income and property values, and Berkeley Group stays on track to meet expectations. Share:
Top News: Burberry to beat expectations as trading improves
Luxury fashion brand Burberry said it expects to beat expectations in the current financial year to March 27 after experiencing a strong rebound in sales.
Burberry said sales had performed well since December and that it now expects both revenue and adjusted operating profit to be ahead of expectations.
Top UK Stocks to Watch: Rolls Royce reports bigger loss than expected
Joshua Warner March 11, 2021 8:51 AM
Rolls Royce hopes the airline industry can start recovering this year, Morrisons meets expectations, WPP ups its payout and launches a share buyback despite entering the red, Marshalls shares pop after it reinstates its dividend, and Shell gets a new chairman. Share:
Top News: Rolls Royce eyes recovery after hefty loss
Rolls Royce plunged to a worse-than-expected loss during 2020 as the collapse in air travel hit the company hard, but said it was hoping to start recovering in the second half of this year.
Spirax Sarco says its well positioned for 2021, Just Eat Takeaway thinks growth can accelerate further, Balfour Beatty reinstates its dividend despite reporting lower profits, while Legal & General maintains its payout after a volatile year.
Top UK Stocks to Watch: ITV sees ‘positive trends’ emerge after tough 2020
Joshua Warner March 9, 2021 8:53 AM
ITV is hopeful it can get back on track as the UK comes out of lockdown, Domino’s Pizza remains as popular as ever, Vodafone prices the Vantage Towers IPO, WH Smith cuts its cash burn, and M&G is pleased with its performance during its first year as an independent company. Share:
Top News: ITV beats expectations and sees ‘positive trends’ in early 2021
ITV reported lower revenue and profits due to the disruption caused in 2020 by the pandemic, but said it performed better than expected and was encouraged by its outlook now that the UK roadmap out of lockdown is in place.