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1 March 2021 | 08:39am StockMarketWire.com - UK stocks opened substantially higher on Monday after Johnson & Johnson's single-dose Covid-19 vaccine was approved for use in the US. At 0823, the benchmark FTSE 100 index was up 104.78 points, or 1.6%, at 6,588.21. The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market. Sentiment also was being buoyed by optimism US lawmakers will soon push through a huge stimulus package. In local news, distribution and services group Bunzl fell 2.0% to 321.93p, even as it reported a rise in...

1 March 2021 | 07:54am StockMarketWire.com - Newspaper publisher Reach reported a steep fall in annual profit as print sales continued to slump amid the pandemic, though it reinstated its dividend citing its growth prospects. Pre-tax profit for the year to 27 December plunged to £0.4 million, down from £120.9 million year-on-year. The publisher of the Daily Mirror and Daily Express said its revenue had slipped 15% to £600.2 million, with an 11% rise in digital sales more than offset by a 19% slump in print. Reach declared a final dividend of 4.26p per share, up from the 2.5p declared for 2...

1 March 2021 | 11:54am StockMarketWire.com - The FTSE 100 was up 1% to 6,550.74 by midday after the big recent sell-off in the bond market eased. US futures pointed to a rebound on Wall Street too. Other positive drivers for the FTSE included the launch of a new Covid vaccine and progress towards passing a big US stimulus package. The Johnson & Johnson shot, expected to be distributed this week, will be the first single-dose vaccine anywhere on the market. Halfords, a motoring and cycling products and services provider, upgraded its outlook on profit, citing a strong-than-expected performance...

Pre-budget optimism and calmer bond market lift FTSE

22 February 2021 | 09:44am StockMarketWire.com - Insurance premium finance specialist Orchard Funding said its first-half lending volumes had dropped 21% amid a drop in demand. Lending for the six months through January had fallen to £30 million, down from £37.9 million year-on-year, as expected. 'Revenue for the first half is expected to be broadly in line with expectations, while costs have remained stable,' the company said. 'Whilst the board is confident of the long-term prospects of the group, it remains mindful of the downward pressure on lending caused by Covid-19, consequential loc...