lonbta
The FTSE 100 index continued its remarkable bull run this week as investors reflected on the Bank of England (BoE) interest rate decision and after the strong UK GDP numbers. It surged to a record high of £8,440, making it one of the best-performing European indices. Next week will be an important one for the Footsie as many big companies are set to publish their financial results that will provide more colour on their operations. Most firms that have already published their numbers have pointed to robust revenue and profitability growth. The most notable were firms like Lloyds, HSBC, and Barc...
Invezz
BT Group (LON:BT.A)’s first quarter underlying revenue fell 3% to £5.1bn, reflecting declines in the Corporate and Public Sector segments in the Enterprise and Global divisions. Q2 2021 hedge fund letters, conferences and more Underlying cash profits (EBITDA) rose 3% to £1.9bn. All business areas saw growth except for Global. Reported profit after tax fell £446m to just £2m thanks to a one-off tax charge following the change to a new 25% corporation tax rate. Overall, trading is in line with expectations and management is not making any changes to guidance. The shares fell 4.8% following the n...
ValueWalk
“With freedom set to be pushed back over the horizon, and a four week delay is expected to be announced to the full re-opening of the economy, aviation stocks have been hit with a burst of fresh turbulence. Q1 2021 hedge fund letters, conferences and more Airline Stocks FallAircraft engine manufacturer Rolls Royce and British Airways owner IAG are the biggest early fallers on the FTSE 100 today, with the expectation that continued domestic restrictions are likely to be a sign that quarantine rules will also stay in place for longer, pushing back the recovery for the airline sector. Rolls Royce...
ValueWalk
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