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FTSE 100 falls after US bond sell-off spooks investors | 26 February 2021 - Vimarsana News

FTSE 100 falls after US bond sell-off spooks investors | 26 February 2021

26 February 2021 | 09:27am StockMarketWire.com - The FTSE 100 opened in the red after a US government bonds sell-off sparked fears interest rates could rise. The index was down 0.21% at 0845GMT to 6,638.00 points. The FTSE 250 recorded a fall of 0.52%% to 21,087.87 points. British Airways owner IAG swung to an annual loss as the pandemic-led slump in air travel triggered a sharp decline in revenue. For the year ended 31 December, the company swung to a pre-tax loss of €7.43 billion from a profit of €2.28 billion year-on-year as revenue slumped on 69.4% to €7.81 billion. Its shares rose ...

RSA underwriting profits rise 36% | 26 February 2021 - Vimarsana News

RSA underwriting profits rise 36% | 26 February 2021

26 February 2021 | 08:06am StockMarketWire.com - RSA Insurance Group said underwriting profit rose 36% in 2020 to £550 million, its fourth record underwriting result in five years. The group said statutory profit before tax fell 2% to £483 million last year, driven by market impacts from Covid-19, bid costs, exits and restructuring. The group business operating result rose 15% to £751 million. The estimated net impact of Covid-19 from premiums, claims and investment income effects was a £42 million drag on the business operating result. The recommended bid for RSA by Intact in consortium ...