Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
The FTSE 100 looked optimistic this morning, opening at 7,080, but quickly plummeted to 7,006, followed by a mild and short-lived recovery.
Losses of 1pc reflect poor performance of BA owner IAG, as the airline group reported passenger capacity was at 2.19% of 2019 levels, and continues to be adversely affected by Covid-19.
Paragon Banking Group reveals it generated £485.4 million in its mortgages division during its financial year, 1 October 2020 to 30 June 2021.
Engineering firm IMI upgraded its outlook on the annual performance after reporting 'strong' results in the first half of the year.
In its half year results to 30 June 2021 Rightmove, the company that runs rightmove.co.uk, the UKs largest online real estate portal, reports revenues were up at £149.9 million, compared to £94.8 million for the same period in 2020, marking a 58% spike.
Cineworld said it had secured $200 million of incremental loans maturing in May 2024 from a group of its existing lenders, as cinema group looked to take advantage of pent-up demand.
Pearson, the British multinational publishing and education company headquartered in London, has revealed a 17% jump in underlying revenue in the six months to 30 June 2021, as the figure soared to £1.6 billion.
Defence company Babcock unveiled a turnaround plan to improve performance after reporting wider annual losses amid a £2 billion impairment.
NatWest Group has reported operating profits before tax of £2.5 billion, compared to an operating loss before tax of £770 million during the same period last year, in its half year results for 2020.
Fund management firm Jupiter Fund Management reported record asset management in the first half of the year thanks to a boost from the acquisition of the Merian business last year.
Assurance and product testing group Intertek reported a jump in first-half profit following strong performance in May and June.
Medical products and technologies company ConvaTec said second-half performance would be back-end weighted amid tougher comparison and the ongoing Covid-19 impact after reporting a decline in first half profit.
The Scottish American Investment Company (SAINTS) has reported returns of 11.3% in net asset value return, over the first six months of 2021.
Components supplier Essentra reported a sharp rise in profit following strong performance in its components and filters segments. For the half year ended 30 June, pre-tax profit jumped to £23.1 million from £7.9 million year-on-year as revenue increased 6% to £475 million.
Sylvania Platinum, the mining company, has announced that Adrian Reynolds has been appointed as an independent non-executive director of the company. Directors of Minoan plc have announced the successful placing of ordinary shares arranged by Peterhouse Capital ltd.
Share prices:
Paragon 541.50 IMI 1,740.00 Rightmove 680.40 Cineworld 66.28 Pearson 850.00 Babcock 265.90 NatWest Group 202.80 Jupiter 267.40 Intertek 5,140.00 ConvaTec 247.00 SAINTS 504.00 Essentra 286.00 Sylvania Platinum 107.60 Minoan Group 1.18