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FTSE 100 struggles to gain ground despite upbeat services data; B&M hikes dividend

B&M European Value Retail hikes dividend as profit more than doubles

4 March 2021 | 12:04pm StockMarketWire.com - A return to volatility in the bond markets helped put the FTSE 100 firmly on the back foot by midday, down 1% to 6,605.87. Investors are concerned inflationary pressures could run out of control as we emerge from the pandemic, with a planned big stimulus package in the US expected to help spur rising prices. Insurance company Aviva reported a fall in annual profit owing to the impact of Covid-19 and a fall in gross written premiums. For the year ended 31 December 2020, pre-tax profit fell to £2.57 billion from £3.82 million year-on-year as gros...

4 March 2021 | 08:05am StockMarketWire.com - Variety goods value retailer B&M European Value Retail upgraded its outlook on performance as revenue and margin remained 'strong' year to date. The company now expects EBITDA, a measure of underlying business performance, for FY21 to be in the range of £590 million to £620 million, up from the previous range announced on 7 January 2021 of £540 million to £570 million. Looking ahead, the company flagged significant forecasting challenges, which it said would persist well into the new financial year, citing the unknown impact of changes to res...

FTSE stages recovery to trade 0.4% lower, as OPEC opts not increase supply