Wickes Group PLC says profits to come at top of range thanks to strong revenue
Trading was notably strong through April then settled back in line with expectations during May
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Trading was notably strong through April then settled back in line with expectations during May
Royal Mail poised to replace Renishaw in return to FTSE 100 Wed, 26th May 2021 07:28 (Alliance News) -Â FTSE Russell late Tuesday indicated that, ahead of next week's quarterly UK index review, Royal Mail PLC could re-join the FTSE 100, replacing up-for-sale Renishaw PLC. Based on data from Friday last week, FTSE Russell said that Royal Mail could rise back into the FTSE 100 index in the review to be unveiled after the market close next Wednesday. Royal Mail dropped out of the blue-chip index for a second time in December 2018, and has remained in the mid-cap FTSE 250 ever since. Meanwhil...
LONDON BRIEFING: M&S weathers virus with help from government, Ocado Wed, 26th May 2021 08:21 (Alliance News) - Clothing, homewares and food retailer Marks & Spencer on Wednesday reported a fall in revenue and swing to loss for its recently ended financial year, but hailed its transformation in the period. Revenue fell by 10% to GBP9.16 billion in the year to April 3 from GBP10.18 billion, with M&S swinging to a pretax loss of GBP209.4 million from profit of GBP67.2 million the year before. "Our results for the year bear the impact of the pandemic spanning the beginning of the ï¬rst natio...
Fri, 14th May 2021 15:03 (Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News: Resolute Mining Ltd - operates gold mines Syama in Mali and Mako in Senegal - Confirms Stuart Gales as managing director and chief executive officer, effective from Friday. Gale joined Resolute as chief financial officer at the start of 2020 and became interim CEO in October. Also hires Terry Holohan as chief operating officer. Holohan joins from PT Archi Indonesia, where Resolute notes he developed an op...
London open: FTSE hits fresh post-pandemic high amid deal news Fri, 7th May 2021 08:04 (Sharecast News) - London stocks rose in early trade on Friday, with the top-flight index hitting a new post-pandemic high as deal news and strong commodity prices provided a boost ahead of the latest US non-farm payrolls report. At 0900 BST, the FTSE 100 was up 0.4% at 7,101.95. Neil Wilson, chief market analyst at Markets.com said: "The overriding market themes remain pretty well unabused: A monster commodity rally continues as the global economy heats up, and massive but messy rotation out of the tech/gr...