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Shares of IG Group Holdings plc (LON:IGG – Get Rating) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month […]
11 March 2021 | 07:24am StockMarketWire.com - Online trading platform IG reported better-than-expected third-quarter performance and said it was on track to achieve its three-year revenue target in its significant opportunities portfolio by year-end, one year ahead of the target. 'The continued performance from the significant opportunities portfolio has been remarkable, and we anticipate substantially achieving the revenue target of £160 million one year ahead of plan,' the company said. For the three months to 28 February 2021, revenue grew 65% to £230.3 million year-on-year. The ...
11 March 2021 | 09:52am StockMarketWire.com - The FTSE 100 was up more than 27 points at 6,752.17, as investors cheered news that the US Congress backed the $1.9 trillion stimulus plan. Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to 'Covid costs', despite a rise in sales and revenue for the high street supermarket chain. Its shares dipped 0.5% to 176.2p. Rolls Royce has said its performance in 2020 has been 'significantly affected by the COVID-19 pandemic' as it reported a fall in revenue to £11.8 billion. It advanced 2.1% to 115.4p. ...
11 March 2021 | 16:36pm StockMarketWire.com - A strong start to the trading day in the US helped the FTSE 100 erase its lunchtime losses to trade 0.2% higher at 6,736.96 by the close. At 4.30pm UK time the S&P 500 was up 1.4% to 3,954.48 as yesterday's weaker than expected inflation number and the passing of a big US stimulus package helped boost sentiment. Morrisons has seen pre-tax profits fall more than 60% in 2020, with a £290 million hit relating to 'Covid costs', despite a rise in sales and revenue for the high street supermarket chain. Its shares ticked dipped 1% to 175.25p. Rolls R...
In the first of a series of occasional articles from our friends at IG, senior writer Will Hall-Smith takes a deep dive into the potential economic...