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FTSE 100 opens lower as UK growth slips; Burberry pleases | 12 March 2021 - Vimarsana News

FTSE 100 opens lower as UK growth slips; Burberry pleases | 12 March 2021

12 March 2021 | 09:13am StockMarketWire.com - The FTSE 100 opened down by 26 points on Friday morning, as data showed the economy shrank in January, weighed down by a slump in trading activity with the EU. The UK economy shrank by 2.9% in January, somewhat lower than the 4.9% drop many were anticipating, whilst UK imports and exports both fell by 19.3% in January Yesterday, the FTSE 100 finished up around 11 points, despite hits to pharma-giant AstraZeneca, recovering in the afternoon what was lost in the morning after a sharp uptick at opening, closing in positive territory. Homembuilder B...

Berkeley on track meet guidance, sees annual profit in line with prior year | 12 March 2021 - Vimarsana News

Berkeley on track meet guidance, sees annual profit in line with prior year | 12 March 2021

12 March 2021 | 07:19am StockMarketWire.com - Housebuilder Berkeley said it remained on track to deliver annual profit similar to last year's, in line with guidance, as market fundamentals remained 'strong' supported by low interest rates and undersupply of homes. Berkeley remains on track to deliver a similar profit to last year's £504 million and forward sales are anticipated to be above £1.7 billion at the year-end. The estimated future gross margin in the land bank is expected to be in excess of last year's £6.4 billion, with net cash around £954 million, the level reported ...