FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Fujifilm to focus on healthcare with $11bn investment April 15, 2021 Fujifilm has tabled plans today to invest $11bn over the next three years, in a bid to make its healthcare division its most profitable segment. The camera-maker is set to build on its “highly-functional materials businesses” so that its revenue and operating income surpass that of its film division, the company said in its medium-term [...]
Shop closures weigh down Ladbrokes owner Entain despite online surge April 15, 2021 Ladbrokes owner Entain saw net gaming revenue shrink in the first quarter as the closure of its bookies due to Covid-19 restrictions offset rising online revenues. Although online net gaming revenue grew 33 per cent for the three month period – the segment’s 21st straight quarter of double digit growth – overall revenue fell 13 [...]
Market gains in fourth quarter push Charles Stanley’s assets higher April 15, 2021 Charles Stanley has said it is “cautiously optimistic” for the year ahead after a strong performance in the fourth quarter. Total funds under management and administration (FuMA) for the three months ended 31 March rose two per cent to £25.6bn, helped by positive market performance. The London listed firm’s average FuMA over the financial year [...]
The Hut Group sees sales surge following pandemic-led online demand April 15, 2021 Online retailer The Hut Group enjoyed rising revenues, sales and number of customers in 2020, after the pandemic forced people to shop online. Group revenue at the business was up 41.5 per cent to £1.6bn in 2020, and adjusted EBITDA was up 35 per cent to £151m. Some 10.7 new customers shopped with The Hut [...]
Cheers: Naked Wines sales jump by 68 per cent as US business booms April 15, 2021 Naked Wines saw group sales soar by 68 per cent in the year ended 29 March after a strong performance in US. The online wine retailer posted stronger than expected sales, which were forecast to surge by no more than 65 per cent. US business grew by more than 75 per cent, surpassing £150m in [...]
Deliveroo expects growth to wane in a post-pandemic world April 15, 2021 Deliveroo expects its growth to slow down in a post-pandemic world, when customers will once again be able to visit restaurants in-person. The takeaway delivery app expects that in a post-pandemic world, its gross transaction value (GTV) is likely to grow between 30 and 40 per cent for the year, down considerably from GTV growth [...]
Wizz Air dives to €590m loss as wait for recovery goes on April 15, 2021 Wizz Air came back down to earth with a bump this morning as the firm braced itself for a net loss of up to €590m for the full financial year. The Hungarian flier warned that it did not expect traffic to pick up until late in the summer due to continued restrictions across its core [...]
‘Fat finger’ trade briefly bumps £3bn off Barclays’ value April 15, 2021 Barclays’ share price fell 10 per cent yesterday morning after a suspected “fat finger” trade, which temporarily knocked more than £3bn from Barclays value. Barclays’ share price had fallen almost 10 per cent by 8:05am yesterday morning, according to reports – an unusual event, particularly for a big bank. After a five-minute pause in [...]
Pandemic pushes corporates’ legal spend higher April 15, 2021 Law firms are one of the few winners in the pandemic with corporates planning to increase legal spend this year, new research shows. Some 38 per cent of UK companies polled by Thomson Reuters are planning to increase their legal spend, almost twice as many planning to make cuts. It is partly driven by demand [...]
ReSolve launches £100 million SME-focused investment fund April 15, 2021 ReSolve has partnered with investment firm RoundShield to launch a new £100m SME-focussed investment fund that will invest in Covid-hit businesses. ReSolve said the extra cash will allow it to work with more businesses, including those that may be struggling since the onset of the coronavirus pandemic. ReSolve is a London boutique advisory and investment [...]
