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4 March 2021 | 09:42am StockMarketWire.com - Vistry Group has announced an adjusted pre-tax profit of £143.9 million, boosted by strong performance in the second half of 2020. On a reported basis after exceptional items and amortisation the group made a profit before tax of £98.7m, while the company's focus on cash management resulted in a year end net cash position of £38m. In its full year results for the 12 month period ending December 31, 2020, the company said it has carried out 'significant deleveraging' which results in a net cash position of £38 million down from the net debt of...

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...

12 January 2021 | 08:36am StockMarketWire.com - UK stocks tracked sideways in early trade on Tuesday as fears about the economic impact of a third nationwide Covid-19 lockdown were tempered by a bevvy of company earnings upgrades. At 0824, the benchmark FTSE 100 index had inched 2.04 points, or less than 0.1%, lower to 6,796.44. Home improvement retailer Kingfisher added 3.5% to 289.2p on announcing that it was 'comfortable' with the top end of current market expectations for its annual pre-tax profit as 'strong' demand continued. House builder Vistry rallied 3.6% to 984.5p, having guided for...

After treading water the FTSE 100 sinks by lunch