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17 May 2021 | 07:22am StockMarketWire.com - Technical products and services provider Diploma upgraded its outlook on annual performance following a strong first half that continued into the second half of the year amid a boost from acquisitions. We expect reported revenues to be slightly better than 40% ahead of FY2020, with an increase in the margin towards 19%, the company said. This reflects the strong H1, continued excellent performance from acquisitions, WCW in particular, and improving underlying trading momentum in our existing business, it added. For the six months ended 31 March, pre-tax profit increased by 2% to £42.5 million year-on-year and revenue increased by 29% to £365.2 million. ....
17 May 2021 | 12:01pm StockMarketWire.com - Weakness in the mining and banking sectors and strength in sterling as the UK took the next step in its reopening helped put the FTSE 100 under pressure on Monday. By midday the index was down 0.7% at 6,994.01. Technical products and services provider Diploma rallied 7.3% to £29.50, having upgraded its annual outlook thanks to a boost from acquisitions, particularly WCW, and improved underlying trading. Diploma s annual revenue was now expected to be slightly better than 40% ahead of the 2020 financial year, with an increase in its margin towards 19%. Low-cost carrier Ryanair rose 0.6% even as it swung to a €815 million full-year loss after the pandemic hammered global travel markets. ....
17 May 2021 | 16:39pm StockMarketWire.com - On an up and down (and up) day the FTSE 100 ended up erasing earlier losses to trade only slightly lower at 7,032.85. The move, which came as most of the UK eased coronavirus restrictions, came despite a weak start on Wall Street with the S&P 500 down 0.5% to 4,151.47 by 4.30pm UK time. Technical products and services provider Diploma rallied 6.8% to £29.38, having upgraded its annual outlook thanks to a boost from acquisitions, particularly WCW, and improved underlying trading. Diploma s annual revenue was now expected to be slightly better than 40% ahead of the 2020 financial year, with an increase in its margin towards 19%. ....
20 January 2021 | 08:45am StockMarketWire.com - UK stocks edged lower in early trading on Wednesday as a soaring Covid-19 casehold stokes concerns that Britain s third nationwide lockdown won t be ending any time soon, tempering US stimulus hopes. At 0825, the benchmark FTSE 100 index was down 5.22 points, or less than 0.1%, at 6,707.73. Home secretary Priti Patel warned the national lockdown has a long way to go before being lifted, in an interview with Sky News. In a busy morning for the mining sector, BHP firmed 1.5% to £21.425 after it reported a 3% rise in fourth-quarter iron ore output on a year-on-year basis, plus higher production of copper, offset by lower oil and gas output. ....
20 January 2021 | 12:07pm StockMarketWire.com - All eyes were on Washington as president-elect Joe Biden prepared for his inauguration later on Wednesday. However the FTSE 100 struggled to muster any enthusiasm trading a smidge lower at 6,711.13 by midday. US futures suggested a more bullish feel to trading on Wall Street amid excitement over a potential spending spree from the incoming administration. In a busy morning for the mining sector, BHP firmed 2.4% to £21.63 after it reported a 3% rise in fourth-quarter iron ore output on a year-on-year basis, plus higher production of copper, offset by lower oil and gas output. BHP also upped its iron ore production guidance for 2021, narrowed its copper guidance and cut its energy coal guidance. ....