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Vivo Energy profit drops 40%; sees 'swift' recovery | 3 March 2021 - Vimarsana News

Vivo Energy profit drops 40%; sees 'swift' recovery | 3 March 2021

3 March 2021 | 08:01am StockMarketWire.com - Africa-focused fuel retailer Vivo Energy booked a 40% drop in annual profit, owing to lower demand for petrol during the pandemic. The company, however, also said it would increase its dividend payout ratio amid a recovery in trading conditions. Net income for the year through December fell to $90 million, down from $150 million year-on-year, as revenue slid 17% to $6.92 billion. Fuel volumes dropped 7% to 9.64 billion litres and adjusted operating profit fell 16% to $360 million. Vivo Energy held its annual dividend steady at 3.8c per share. Look...

FTSE closes higher as coronavirus cases fall | 12 February 2021 - Vimarsana News

FTSE closes higher as coronavirus cases fall | 12 February 2021

12 February 2021 | 16:43pm StockMarketWire.com - UK stocks closed significantly higher on Friday after it emerged coronavirus cases across the country are falling at the fastest pace in months. The UK's R value has dropped below 1 for the first time since July, and the Government has confirmed it will issue its roadmap out of lockdown on 22 February. The UK's benchmark FTSE 100 index gained 0.94% to 6,589.79, while the midcap FTSE 250 index swung into positive territory having spent most of the day in the red and closed 0.09% higher to 21,037.47. In a day of little significant corporate news,...